Author: Phillip S. Egan
Book Type: Hardcover
The Tucker 48 (named after its model year) was an advanced automobile conceived by Preston Tucker and briefly produced in Chicago in 1948. Only 51 cars were made before the company folded on March 3, 1949, due to negative publicity initiated by the news media, a Securities and Exchange Commission investigation and a heavily publicized stock fraud trial (in which allegations were proven baseless in court with a full acquittal). Speculation exists that the Big Three automakers and Michigan senator Homer S. Ferguson also had a role in the Tucker Corporation's demise.