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Preston Thomas Tucker (21 September 1903 – 26 December 1956) was an American
automobile A car or automobile is a motor vehicle with Wheel, wheels. Most definitions of ''cars'' say that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, pe ...
entrepreneur. He is most remembered for his
Tucker 48 The Tucker 48, commonly referred to as the Tucker Torpedo, was an automobile conceived by Preston Tucker while in Ypsilanti, Michigan and briefly produced in Chicago, Illinois in 1948. Only 51 cars were made including their prototype before the c ...
sedan, initially nicknamed the "Tucker Torpedo", an automobile which introduced many features that have since become widely used in modern cars. Production of the Tucker '48 was shut down on 3 March 1949 amid scandal and controversial accusations of stock fraud. The 1988 movie '' Tucker: The Man and His Dream'' is based on Tucker's spirit and the saga surrounding the car's production.


Early life (1903–1933)

Preston Tucker was born on September 21, 1903, on a
peppermint Peppermint (''Mentha'' × ''piperita'') is a hybrid species of mint, a cross between watermint and spearmint. Indigenous to Europe and the Middle East, the plant is now widely spread and cultivated in many regions of the world.Euro+Med Plantbas ...
farm near
Capac, Michigan Capac is a village in Mussey Township, Michigan, Mussey Township, St. Clair County, Michigan, St. Clair County in the U.S. state of Michigan. The population was 1,890 at the 2010 United States Census, 2010 census. History Capac was founded and pla ...
. His father was a railroad engineer named Shirl Harvey Tucker (1880-1907). His mother was Lucille Caroline (née Preston) Tucker (1881-1960). He grew up outside Detroit in the suburb of
Lincoln Park, Michigan Lincoln Park is a city in Wayne County in the U.S. state of Michigan. The population was 38,144 at the 2010 census, down from 40,008 at the 2000 census. With a population density of at the 2010 census, Lincoln Park is the second most-densely ...
. Tucker was raised by his mother, a teacher, after his father died of
appendicitis Appendicitis is inflammation of the appendix. Symptoms commonly include right lower abdominal pain, nausea, vomiting, and decreased appetite. However, approximately 40% of people do not have these typical symptoms. Severe complications of a rup ...
when Preston was three or four years old. First learning to drive at age 11, Tucker was obsessed with automobiles from an early age. At age 16, Preston Tucker began purchasing late model automobiles, repairing/refurbishing them and selling the cars for a profit. He attended the
Cass Technical High School Cass Technical High School (simply referred to as Cass Tech) is a public high school in Midtown Detroit, Michigan, United States.
in Detroit, but he quit school and landed a job as an office boy for the
Cadillac Motor Company The Cadillac Motor Car Division () is a division of the American automobile manufacturer General Motors (GM) that designs and builds luxury vehicles. Its major markets are the United States, Canada, and China. Cadillac models are distributed i ...
, where he used roller skates to make his rounds more efficiently. In 1922, young Tucker joined the
Lincoln Park, Michigan Lincoln Park is a city in Wayne County in the U.S. state of Michigan. The population was 38,144 at the 2010 census, down from 40,008 at the 2000 census. With a population density of at the 2010 census, Lincoln Park is the second most-densely ...
, police department (against the pleas of his mother), his interest stirred by his desire to drive and ride the fast, high-performance police cars and motorcycles. His mother had him removed from the force, pointing out to department officials that at 19, he was below the department's minimum required age. Tucker and his new wife, Vera (married in 1923 at 20), then took over a six-month lease on a gas station near Lincoln Park, running the station together. Vera would run the station during the day while Preston worked on the
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
assembly line. After the lease ran out, Tucker quit Ford and returned to the police force again, but in his first winter back he was banned from driving police vehicles by the force after using a blowtorch to cut a hole in the dashboard of a cruiser to allow engine heat to warm the cabin. During the last couple of months at the gas station, Tucker began selling
Studebaker Studebaker was an American wagon and automobile manufacturer based in South Bend, Indiana, with a building at 1600 Broadway, Times Square, Midtown Manhattan, New York City. Founded in 1852 and incorporated in 1868 as the Studebaker Brothers M ...
cars on the side. He met an automobile salesman, Michael Dulian, who later became sales manager for the Tucker Car Corporation. Dulian hired Tucker as a car salesman at his Detroit dealership. Tucker did very well, but the dealership was a long drive from his Lincoln Park home and so Tucker quit and returned to the police force for the last time. A few months later, Dulian, still impressed with Tucker's immediate success as a salesman, invited Tucker to move south with him to
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, to work as a sales manager. Dulian was transferred a couple of years later, but Tucker stayed in Memphis and was a salesman for Ivor Schmidt (
Stutz The Stutz Motor Car Company, was an American producer of high-end sports and luxury cars based in Indianapolis, Indiana. Production began in 1911 and ended in 1935. Stutz was known as a producer of fast cars including America's first spo ...
) and John T. Fisher Motor Company (Chrysler), where he became general sales manager. While managing Chrysler sales in Memphis, Tucker made a connection with
Pierce-Arrow The Pierce-Arrow Motor Car Company was an American motor vehicle manufacturer based in Buffalo, New York, which was active from 1901 to 1938. Although best known for its expensive luxury cars, Pierce-Arrow also manufactured commercial trucks ...
. In 1933, Tucker moved to
Buffalo, New York Buffalo is the second-largest city in the U.S. state of New York (behind only New York City) and the seat of Erie County. It is at the eastern end of Lake Erie, at the head of the Niagara River, and is across the Canadian border from South ...
, and became regional sales manager for Pierce-Arrow automobiles, but after only two years, he moved back to Detroit and worked as a
Dodge Dodge is an American brand of automobiles and a division of Stellantis, based in Auburn Hills, Michigan. Dodge vehicles have historically included performance cars, and for much of its existence Dodge was Chrysler's mid-priced brand above P ...
salesman for Cass Motors.


Auto racing and the Indianapolis 500 (1932–1939)

During the early 1930s, Tucker began an annual one-month trek to the
Indianapolis Motor Speedway The Indianapolis Motor Speedway is an automobile racing circuit located in Speedway, Indiana, an enclave suburb of Indianapolis, Indiana. It is the home of the Indianapolis 500 and the Verizon 200, and and formerly the home of the United State ...
. Having a heavy interest in the race cars and their designers, Tucker met Harry Miller, maker of more
Indianapolis 500 The Indianapolis 500, formally known as the Indianapolis 500-Mile Race, and commonly called the Indy 500, is an annual automobile race held at Indianapolis Motor Speedway (IMS) in Speedway, Indiana, United States, an enclave suburb of Indi ...
-winning engines than any other during this period. Tucker moved to Indianapolis to be closer to the racing car development scene and worked as the transportation manager for a beer distributor, overseeing the fleet of delivery trucks for the company. A better engineer than businessman, Miller declared bankruptcy in 1933 and was looking for new opportunities. Tucker persuaded Miller to join him in building race cars, and they formed "Miller and Tucker, Inc." in 1935. The company's first job was building 10 souped-up
Ford V-8 Ford engines are those used in Ford Motor Company vehicles and in aftermarket, sports and kit applications. Different engine ranges are used in various global markets. 3 cylinder A series of Ford DOHC 12-valve inline-three engines with Twin Indep ...
racers for
Henry Ford Henry Ford (July 30, 1863 – April 7, 1947) was an American industrialist, business magnate, founder of the Ford Motor Company, and chief developer of the assembly line technique of mass production. By creating the first automobile that mi ...
. The time to develop and test the cars was insufficient, however, and the steering boxes on all entrants overheated and locked up, causing them to drop out of the race. The design was later perfected by privateers, with examples running at Indy through 1948. Miller and Tucker, Inc. continued race car development and various other ventures until Miller's death in 1943. Tucker was close friends with Miller and even helped Miller's widow pay for her husband's funeral costs. While working with Miller, Tucker met the
Chevrolet Chevrolet ( ), colloquially referred to as Chevy and formally the Chevrolet Motor Division of General Motors Company, is an American automobile division of the American manufacturer General Motors (GM). Louis Chevrolet (1878–1941) and ous ...
brothers A brother is a man or boy who shares one or more parents with another; a male sibling. The female counterpart is a sister. Although the term typically refers to a familial relationship, it is sometimes used endearingly to refer to non-familia ...
and chief mechanic/engineer John Eddie Offutt, who would later help Tucker develop and build the first prototype of the Tucker '48. Tucker's outgoing personality and his involvement at Indianapolis made him well known in the automotive industry by 1939.


Tucker Combat Car and the Tucker Gun Turret (1939–1941)

In late 1937, while recovering in an
Indianapolis Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion ...
hospital from an
appendectomy An appendectomy, also termed appendicectomy, is a Surgery, surgical operation in which the vermiform appendix (a portion of the intestine) is removed. Appendectomy is normally performed as an urgent or emergency procedure to treat complicated acu ...
, Tucker was reading the news about war looming on the horizon in Europe. He got the idea of developing a high-speed armored combat vehicle. In 1939, Tucker moved his family back to Michigan and bought a house and property in Ypsilanti. He remodeled an old barn on his property and began and operated a machine shop called the Ypsilanti Machine and Tool Company, planning to use the facility to develop various automotive products. Opportunity arose for Tucker from the Dutch government, who wanted a combat vehicle suited to the muddy Dutch terrain. Continuing his working relationship with Harry Miller, Tucker began designing a narrow-wheelbase armored combat car powered by a Miller-modified
Packard Packard or Packard Motor Car Company was an American luxury automobile company located in Detroit, Michigan. The first Packard automobiles were produced in 1899, and the last Packards were built in South Bend, Indiana in 1958. One of the "Thr ...
V-12 engine. The car was nicknamed the "Tucker Tiger". At least one prototype of the combat car was built. Production of the car was to be done at the
Rahway Rahway () is a city in southern Union County, in the U.S. state of New Jersey. A bedroom community of New York City, it is centrally located in the Rahway Valley region, in the New York metropolitan area. The city is southwest of Manhattan ...
,
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, factory owned by the American Armament Corporation. The
Germans , native_name_lang = de , region1 = , pop1 = 72,650,269 , region2 = , pop2 = 534,000 , region3 = , pop3 = 157,000 3,322,405 , region4 = , pop4 = ...
invaded the Netherlands in the spring of 1940 before Tucker could complete the deal, and the Dutch government lost interest, so he completed the prototypes and opted to try to sell the vehicle to the U.S. government. The car is said to have reached 100 mph (161 km/h), far in excess of the design specifications. The U.S. military felt the vehicle was too fast and had already committed to other combat vehicles. The highly mobile, power-operated gun turret featured on the Tucker combat car, which became known as the " Tucker Turret", earned the interest of the U.S. Navy. Harry Miller would later take some of the designs from the Tucker Combat Car to
American Bantam The American Bantam Car Company was an American automobile manufacturing company incorporated in the state of Pennsylvania. American Bantam is credited with the invention of the Original Jeep in 1940. The company's founders, Roy Evans and Willia ...
, where he was involved in the development of the first
Jeep Jeep is an American automobile marque, now owned by multi-national corporation Stellantis. Jeep has been part of Chrysler since 1987, when Chrysler acquired the Jeep brand, along with remaining assets, from its previous owner American Moto ...
. The Tucker Turret was soon in production (initially at Tucker's Ypsilanti machine shop). While the turret is often reported to have been used widely on bombers, like the
B-17 The Boeing B-17 Flying Fortress is a four-engined heavy bomber developed in the 1930s for the United States Army Air Corps (USAAC). Relatively fast and high-flying for a bomber of its era, the B-17 was used primarily in the European Theater ...
and
B-29 The Boeing B-29 Superfortress is an American four-engined propeller-driven heavy bomber, designed by Boeing and flown primarily by the United States during World War II and the Korean War. Named in allusion to its predecessor, the B-17 Fly ...
, it was actually developed for a different bomber, the
Douglas B-18 Bolo The Douglas B-18 Bolo is an American heavy bomber which served with the United States Army Air Corps and the Royal Canadian Air Force (as the Digby) during the late 1930s and early 1940s. The Bolo was developed by the Douglas Aircraft Company f ...
. In the end no Tucker turrets equipped any bombers. Tucker's patent and royalty rights were confiscated by the US and Tucker was embroiled in lawsuits for years trying to recoup royalties for use of his patents on the turret.Pearson, Charles T. (1974)
The Indomitable Tin Goose: The True Story of Preston Tucker and His Car
Motorbooks International Publishers & Wholesalers, Minneapolis. (hardcover).


Tucker Aviation Corporation and Higgins-Tucker Aviation (1941–1943)

In 1940, Tucker formed the Tucker Aviation Corporation, with the goal of manufacturing aircraft and marine engines. The corporation (Tucker's first) was initially based at his shop behind his Michigan home. A public corporation with stock certificates issued, Tucker raised enough to develop the design for a fighter aircraft, the Tucker XP-57, which earned the interest of the
United States Army Air Corps The United States Army Air Corps (USAAC) was the aerial warfare service component of the United States Army between 1926 and 1941. After World War I, as early aviation became an increasingly important part of modern warfare, a philosophical r ...
(USAAC). Development of a single prototype of the airplane was started, powered by a straight 8-cylinder engine developed/influenced by Harry Miller, called the Miller L-510. Nicknamed the "Peashooter", this fighter competed for WWII government war contracts. However, financial problems within the company slowed the development of the prototype and the USAAC allowed the contract to lapse. During
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...
, Tucker became associated with Andrew Jackson Higgins, builder of
Liberty ship Liberty ships were a class of cargo ship built in the United States during World War II under the Emergency Shipbuilding Program. Though British in concept, the design was adopted by the United States for its simple, low-cost construction. Mass ...
s,
PT boat A PT boat (short for patrol torpedo boat) was a motor torpedo boat used by the United States Navy in World War II. It was small, fast, and inexpensive to build, valued for its maneuverability and speed but hampered at the beginning of the wa ...
s and landing craft. Higgins acquired Tucker Aviation Corporation in March 1942, and Tucker moved to New Orleans, Louisiana, to serve as a vice-president of Higgins Industries, specifically in charge of the Higgins-Tucker Aviation division. This entity was to produce gun turrets, armament, and engines for Higgins' torpedo boats. This relationship did not work out and Tucker severed his association with Higgins in 1943. Go referred to Preston Tucker as "The world's greatest salesman. When he turns those big brown eyes on you, you'd better watch out!"Egan, Philip S.; Design and Destiny: The Making of the Tucker Automobile; On the Mark Publications; 1989 After 1943, Tucker moved back to Michigan, intending to start his own auto company, the Tucker Corporation.


Tucker Corporation and the 1948 Tucker Sedan (1944–1947)

After the war, the public was ready for totally new car designs, but the Big Three Detroit automakers had not developed any new models since 1941, and were in no hurry to introduce them. That provided great opportunities for new small, independent automakers who could develop new cars more rapidly than the huge legacy automakers. Tucker saw his opportunity to develop and bring his "car of tomorrow" to market. Another small automaker,
Studebaker Studebaker was an American wagon and automobile manufacturer based in South Bend, Indiana, with a building at 1600 Broadway, Times Square, Midtown Manhattan, New York City. Founded in 1852 and incorporated in 1868 as the Studebaker Brothers M ...
, was first with an all-new postwar model, but Tucker took a different tack, designing a safety car with innovative features and modern styling. Tucker's first design appeared in ''Science Illustrated'' magazine in December 1946, showing a futuristic version of the car with a hydraulic drive system designed by George Lawson, along with a photo of a 1/8 scale model blown up to appear full sized, titled the "Torpedo on Wheels". That was only an early rendering of the proposal, with its design features yet to meet reality, but the motoring public was now excited about the Tucker. : To finish the prototype design and get construction under way, Tucker hired famed stylist
Alex Tremulis Alexander Sarantos Tremulis (January 23, 1914 – December 29, 1991) was a Greek-American industrial designer in the North American automotive industry. Tremulis held automotive design positions at Cord Automobile, Duesenberg, General Motors, Tuck ...
, previously of
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/
Cord Cord or CORD may refer to: People * Alex Cord (1933–2021), American actor and writer * Chris Cord (born 1940), American racing driver * Errett Lobban Cord (1894–1974) American industrialist * Ronnie Cord (1943–1986), Brazilian singer * Cor ...
/
Duesenberg Duesenberg Automobile and Motors Company, Inc. was an American race car, racing and luxury car, luxury automobile manufacturer founded in Indianapolis, Indiana, by brothers Fred Duesenberg, Fred and August Duesenberg in 1920. The company is ...
, on December 24, 1946, and gave him just six days to finalize the design. On December 31, 1946, Tucker approved Tremulis's preliminary design. Tucker's future-car became known as the "Tucker Torpedo" from the first Lawson sketch; however, not desiring to bring to mind the horrors of WWII, Tucker quickly changed the name to the "Tucker '48". With Tremulis's design sketch, a full-page advertisement was run in March 1947 in many national newspapers claiming "How 15 years of testing produced the car of the year". Tucker said he had been thinking about the car for 15 years. The second advertisement described specifically many of the innovative features Tucker proposed for his car, many of which would not make it to the final car. This advertisement had the public very excited about this car, but Tucker had much work to do before a prototype was ready to be shown. To finalize the design, Tucker hired the New York design firm J. Gordon
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to create an alternate body. Only the front end and horizontal taillight bar designs were retained for the final car. Another car, a sportier version of the Tucker '48 called the
Tucker Talisman Tucker may refer to: Places United States * Tucker, Arkansas * Tucker, Georgia * Tucker, Mississippi * Tucker, Missouri * Tucker, Utah, ghost town * Tucker County, West Virginia Outer space * Tucker (crater), a small lunar impact crater in the s ...
, was sketched as well but never left the drawing board. To diversify his corporation, Tucker imported Italian engineer
Secondo Campini Secondo Campini (August 28, 1904 – February 7, 1980) was an Italian engineer and one of the pioneers of the jet engine. Campini was born at Bologna, Emilia-Romagna. In 1931 he wrote a proposal for the Italian Air Ministry on the value of jet pr ...
, who was well known and respected in the aviation industry. He was put in charge of pursuing a US Air Force development contract, hoping to use Tucker's huge Chicago factory to someday build more than just cars. Campini and Tucker also began developing plans for a
gas turbine A gas turbine, also called a combustion turbine, is a type of continuous flow internal combustion engine. The main parts common to all gas turbine engines form the power-producing part (known as the gas generator or core) and are, in the directi ...
-powered car to be produced by Tucker. The Tucker Export Corporation was also formed, based in New York, which was established as an entity to manage worldwide sales of Tucker's cars. Headed by Tucker's long-time friend, Colombian Max Garavito, distributorships were set up internationally, including South America and South Africa. Tucker assembled a group of leaders for his corporation that read like a "who's who" of the automotive industry: :Fred Rockelman; Tucker VP and Sales Director (Formerly president of
Plymouth Plymouth () is a port city and unitary authority in South West England. It is located on the south coast of Devon, approximately south-west of Exeter and south-west of London. It is bordered by Cornwall to the west and south-west. Plymouth ...
) :Hanson Brown; Executive VP (Formerly VP for
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
) :KE Lyman; Development engineer (Formerly of
Bendix Corporation Bendix Corporation is an American manufacturing and engineering company which, during various times in its existence, made automotive brake shoes and systems, vacuum tubes, aircraft brakes, aeronautical hydraulics and electric power systems, av ...
and
Borg-Warner BorgWarner Inc. is an American automotive supplier headquartered in Auburn Hills, Michigan. The company maintains production facilities and technical systems at 93 sites (as of June 6, 2022) in 22 countries worldwide and has around 49,000 employ ...
) :Ben Parsons; Tucker engineering VP and chief engineer (International fuel injection expert) :Lee S. Treese; VP of manufacturing (Formerly a
Ford Ford commonly refers to: * Ford Motor Company, an automobile manufacturer founded by Henry Ford * Ford (crossing), a shallow crossing on a river Ford may also refer to: Ford Motor Company * Henry Ford, founder of the Ford Motor Company * Ford F ...
executive) :Herbert Morley; (Borg-Warner plant manager) :Robert Pierce; VP and Treasurer (Formerly secretary of
Briggs Manufacturing Company Briggs Manufacturing was an American, Detroit-based manufacturer of automobile bodies for Ford Motor Company, Chrysler Corporation and other U.S. and European automobile manufacturers. In 1953 it was bought by Chrysler Corporation without its fo ...
) Tucker and his colleagues were able to obtain the largest factory building in the world, the Dodge Chicago Aircraft Engine Plant, which was later known as the Chicago Dodge Plant, from the
War Assets Administration The War Assets Administration (WAA) was created to dispose of United States government-owned surplus material and property from World War II. The WAA was established in the Office for Emergency Management, effective March 25, 1946, by Executive Ord ...
. The facility had previously been used to build the massive
Wright R-3350 The Wright R-3350 Duplex-Cyclone is an American twin-row, supercharged, air-cooled, radial aircraft engine with 18 cylinders displacing nearly . Power ranged from 2,200 to over 3,700 hp (1,640 to 2,760 kW), depending on the model. ...
Cyclone engines for
B-29 Superfortress The Boeing B-29 Superfortress is an American four-engined propeller-driven heavy bomber, designed by Boeing and flown primarily by the United States during World War II and the Korean War. Named in allusion to its predecessor, the B-17 Fl ...
aircraft during WWII. Tucker, thinking long-term, believed this large facility would fit his long-term goal of producing an entire line of Tucker automobiles under one roof. Tucker signed the lease in July 1946, contingent on him raising $15 million in capital by March 1947. Tucker needed this money to get going, so he began raising money by selling dealership rights and floating a $20 million stock issue through the Chicago brokerage firm Floyd D. Cerf. With over $17 million in the bank by 1947, the Tucker Corporation was up and running. While Tucker ultimately got the plant, he was not able to move in until September 1947 because of delays caused by counter-claims and disputes over the plant between Tucker and the
Lustron Corporation Lustron houses are prefabricated enameled steel houses developed in the post-World War II era United States in response to the shortage of homes for returning G.I.s by Chicago industrialist and inventor Carl Strandlund. Considered low-maintenan ...
. That delayed Tucker by almost a year, during which time development of the car continued at his Michigan machine shop. Tucker planned for 60,000 cars a year, with 140 per day produced for the first 4 months and 300 per day produced afterward. Tucker suffered another setback when his bids to obtain two steel mills to provide raw materials for his cars were rejected by the WAA under a shroud of questionable politics. Tucker's specifications for his revolutionary car called for a
rear engine In automobile design, a rear-engine design layout places the engine at the rear of the vehicle. The center of gravity of the engine itself is behind the rear axle. This is not to be confused with the center of gravity of the whole vehicle, as an im ...
, a low-RPM engine with hydraulic valves instead of a
camshaft A camshaft is a shaft that contains a row of pointed cams, in order to convert rotational motion to reciprocating motion. Camshafts are used in piston engines (to operate the intake and exhaust valves), mechanically controlled ignition systems ...
,
fuel injection Fuel injection is the introduction of fuel in an internal combustion engine, most commonly automotive engines, by the means of an injector. This article focuses on fuel injection in reciprocating piston and Wankel rotary engines. All comp ...
, direct-drive
torque converter A torque converter is a type of fluid coupling that transfers rotating power from a prime mover, like an internal combustion engine, to a rotating driven load. In a vehicle with an automatic transmission, the torque converter connects the power ...
s on each rear wheel (instead of a transmission),
disc brake A disc brake is a type of brake that uses the calipers to squeeze pairs of pads against a disc or a "rotor" to create friction. This action slows the rotation of a shaft, such as a vehicle axle, either to reduce its rotational speed or to hol ...
s, the location of all instruments within the diameter and reach of the steering wheel, a padded dashboard, self-sealing tubeless tires, independent springless suspension, a chassis that protected occupants in a side impact, a roll bar within the roof, a laminated windshield designed to pop out during an accident, and a center "cyclops" headlight which would turn when steering at angles greater than 10 degrees in order to improve visibility around corners during night driving. While most of those innovations made it to the final 51 prototypes, several were dropped for their cost and the lack of time to develop such mechanically-complicated designs. The low-RPM 589-cubic-inch engine, individual torque converters, mechanical fuel injection, and the disc brakes were all dropped during the design and testing phase. Having run out of time to develop the 589-cubic-inch engine for the car, Tucker ultimately settled on a modified
Franklin O-335 The Franklin O-335 (company designations variations on 6A and 6V) was an American air-cooled aircraft engine of the 1940s. The engine was of six-cylinder, horizontally-opposed layout and displaced . The power output of later variants was . ...
aircraft engine. He liked the engine so much he purchased its manufacturer, Aircooled Motors in New York for $1.8 million in 1947. That secured a guaranteed engine supply for his car.


Turmoil surrounding Tucker Corporation (1946–1948)

The
Securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
and Exchange commission bothered the Tucker Corporation from its earliest days. The SEC was embittered after small automaker
Kaiser-Frazer The Kaiser-Frazer Corporation (1947–1953 as Kaiser-Frazer) was the result of a partnership between industrialist Henry J. Kaiser and automobile executive Joseph W. Frazer.Drew Pearson criticized the Tucker '48, calling it the "tin goose" (referring to Howard Hughes' "Spruce Goose") and noting that the first prototype "could not even back up". The first prototype lacked a reverse gear because Tucker had not had time to finish the direct torque drive by the time of the car's unveiling. This was corrected in the final driveline, but the public damage was done and a negative media feeding frenzy resulted. Tucker responded by publishing a full-page advertisement in many national newspapers with "an open letter to the automobile industry" wherein he subtly hinted that his efforts to build the cars were being stymied by politics and an SEC conspiracy. Nonetheless, dealership owners began filing lawsuits to recover their money, and Tucker's stock value plummeted.


SEC trial and demise of the Tucker Corporation (1949–1950)

In 1949, Tucker surrendered his corporate records to the U.S. Securities and Exchange Commission.
United States Attorney United States attorneys are officials of the U.S. Department of Justice who serve as the chief federal law enforcement officers in each of the 94 U.S. federal judicial districts. Each U.S. attorney serves as the United States' chief federal c ...
Otto Kerner, Jr. Otto Kerner Jr. (August 15, 1908 – May 9, 1976) was an American jurist and politician who served as the 33rd governor of Illinois from 1961 to 1968 and a United States circuit judge of the United States Court of Appeals for the Seventh Circui ...
began a grand jury investigation in February 1949. On March 3, 1949, a federal judge handed control of the Tucker Corporation over to Aaron J. Colnon and John H. Schatz. Soon thereafter on June 10, 1949, Tucker and six other Tucker Corporation executives were indicted on 25 counts of mail fraud, five counts of violations of SEC regulations and one count of conspiracy to defraud. The indictment included 46-year-old Tucker, Harold A. Karsten, 58, "alias Abe Karatz"; Floyd D. Cerf, 61 (whose firm had handled the stock offering); Robert Pierce, 63; Fred Rockelman, 64; Mitchell W. Dulian, 50, Tucker sales manager; Otis Radford, 42, Tucker Corporation comptroller; and Cliff Knoble, 42, Tucker advertising manager. Tucker publicly called the charges "silly and ridiculous" and hailed the indictment as "an opportunity to explain our side of the story". Tucker and his colleagues' defense was handled by a team of attorneys led by
William T. Kirby William T. Kirby (1911–1990) was an Illinois lawyer who helped found and direct the John D. and Catherine T. MacArthur Foundation. Early and family life Born in Chicago, Kirby's family moved to Waukegan, Illinois, where Kirby was educated in t ...
. Another publication, ''Collier's'' magazine, ran an article critical of Tucker on June 25, 1949, which included leaked details of the SEC report (which was never released publicly). This article was reprinted in ''
Reader's Digest ''Reader's Digest'' is an American general-interest family magazine, published ten times a year. Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and his wi ...
'' as well, expanding the scope of the negative press concerning Preston Tucker. The trial began on October 4, 1949, presided over by Judge Walter J. LaBuy. Tucker Corporation's factory was closed on the very same day. At that point, only 37 Tucker '48s had been built. A corps of 300 loyal employees returned to the factory (some without pay) and finished assembly of another 13 cars for a total production of 50 cars (not including the prototype). At trial, the government contended that Tucker never intended to produce a car. Throughout the trial, the SEC report on Tucker was classified as "secret" and Tucker's attorneys were never allowed to view or read it, but it was leaked to the press nevertheless. As the trial proceeded, the government and SEC brought several witnesses (mostly former Tucker employees) to highlight the rudimentary methods used by Tucker to develop the car; the early suspensions were installed three times before they worked, and early parts were taken from junkyards to build the prototype. Answering back in Tucker's defense, designer
Alex Tremulis Alexander Sarantos Tremulis (January 23, 1914 – December 29, 1991) was a Greek-American industrial designer in the North American automotive industry. Tremulis held automotive design positions at Cord Automobile, Duesenberg, General Motors, Tuck ...
testified that it was common industry practice to use old car parts for prototype builds, and pointed out this had been done when he was involved with developing the 1942 Oldsmobile under
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
. Tucker Vice President Lee Treese testified that Tucker's metal stamping and parts fabrication operations were 90% ready to mass-produce the car by June 1948 and that outside interference had slowed the final preparations for production. This back and forth between the prosecution and the defense continued until November 8, 1949, when the judge demanded the SEC prosecutors "get down to the meat of the case and start proving the conspiracy charge." Defense attorney Kirby directed attention to automaker
Kaiser-Frazer The Kaiser-Frazer Corporation (1947–1953 as Kaiser-Frazer) was the result of a partnership between industrialist Henry J. Kaiser and automobile executive Joseph W. Frazer.


Speculation and controversy surrounding the Tucker Corporation

Despite the outcome of the trial, speculation has continued with regard to the question of whether Tucker genuinely intended to produce a new car and bring it to market, or whether the entire enterprise was a sham, designed for the sole purpose of collecting funds from gullible investors. Tucker collectors of the
Tucker Automobile Club of America have amassed over 400,000 drawings/blueprints, corporate documents, and letters which they believe suggest that Tucker was, in fact, developing the manufacturing process necessary to mass-produce the Tucker '48. They also point to the fact that by the time of the investigation, Tucker had hired over 1900 employees, including teams of engineers and machinists. At the trial, the Tucker VP Lee Treese testified that they were 90% ready with industrial machinery at the Chicago plant to mass-produce the vehicle.


Later life and death (1950–1956)

Preston Tucker's reputation rebounded after the acquittal. His optimism was remarkable; after the trial was over, he was quoted as saying, "Even Henry Ford failed the first time out." Tucker Corporation assets were auctioned off publicly in Chicago. One remaining Tucker '48 car was given to Preston Tucker, and another to his mother. In the early 1950s, Tucker teamed up with investors from Brazil and auto designer
Alexis de Sakhnoffsky Count Alexis de Sakhnoffsky (born 12 November 1901, Kiev, Kiev Governorate, Russian Empire (present day Ukraine) – Died: April 27, 1964, Atlanta, Georgia, United States) was a Russian-American industrial designer, known principally for his Strea ...
to build a
sports car A sports car is a car designed with an emphasis on dynamic performance, such as handling, acceleration, top speed, the thrill of driving and racing capability. Sports cars originated in Europe in the early 1900s and are currently produced by ...
called the
Carioca Carioca ( or ) is a demonym used to refer to anything related to the City of Rio de Janeiro, in Brazil. The original meaning of the term is controversial, maybe from Tupi language "''kari' oka''", meaning "white house" as the whitewashed stone ...
. Tucker could not use the Tucker name for the car, as
Peter Dun Peter may refer to: People * List of people named Peter, a list of people and fictional characters with the given name * Peter (given name) ** Saint Peter (died 60s), apostle of Jesus, leader of the early Christian Church * Peter (surname), a su ...
, of
Dun and Bradstreet The Dun & Bradstreet Corporation is an American company that provides commercial data, analytics, and insights for businesses. Headquartered in Jacksonville, Florida, the company offers a wide range of products and services for risk and financia ...
, had purchased the rights to the name. The Tucker Carioca was never developed. Tucker's travels to Brazil were plagued by fatigue, and upon his return to the United States, he was diagnosed with
lung cancer Lung cancer, also known as lung carcinoma (since about 98–99% of all lung cancers are carcinomas), is a malignant lung tumor characterized by uncontrolled cell growth in tissue (biology), tissues of the lung. Lung carcinomas derive from tran ...
. Tucker died from pneumonia as a complication of lung cancer on December 26, 1956, at the age of 53. Tucker is buried at Michigan Memorial Park in
Flat Rock, Michigan Flat Rock is a city mostly in Wayne County of the U.S. state of Michigan. A very small portion of the city extends into Monroe County. At the 2010 census, the city population was 9,878. History Flat Rock began as a Wyandot settlement. It was la ...
.


Legacy

In 1954, a group of investors tried to revive the Tucker Corporation by soliciting investors (mostly former Tucker distributors and dealer owners) for a new car. This effort was led by George A. Schmidt, former president of the Tucker Dealers Association. They developed sketches for a sleek 2-door convertible, but were unable to generate enough support to get it off the drawing board. Tucker's defense attorney,
William T. Kirby William T. Kirby (1911–1990) was an Illinois lawyer who helped found and direct the John D. and Catherine T. MacArthur Foundation. Early and family life Born in Chicago, Kirby's family moved to Waukegan, Illinois, where Kirby was educated in t ...
, later became Chairman of the Board of the John D. and Catherine T. MacArthur Foundation.
Otto Kerner, Jr. Otto Kerner Jr. (August 15, 1908 – May 9, 1976) was an American jurist and politician who served as the 33rd governor of Illinois from 1961 to 1968 and a United States circuit judge of the United States Court of Appeals for the Seventh Circui ...
, the
US attorney United States attorneys are officials of the U.S. Department of Justice who serve as the chief federal law enforcement officers in each of the 94 U.S. federal judicial districts. Each U.S. attorney serves as the United States' chief federal c ...
who had aggressively pursued the Tucker Corporation, was later convicted on 17 counts of bribery, conspiracy, perjury, and related charges for stock fraud in 1974. He was the first federal appellate
judge A judge is a person who presides over court proceedings, either alone or as a part of a panel of judges. A judge hears all the witnesses and any other evidence presented by the barristers or solicitors of the case, assesses the credibility an ...
in history to be jailed. He was sentenced to three years in prison and fined $50,000. The location of the former Tucker Corporation at 7401 S Cicero Ave, Chicago, IL 60629–5818, is now the corporate headquarters of
Tootsie Roll Industries Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in ...
and the
Ford City Mall Ford City Mall is a shopping center located on the Southwest Side of Chicago in the West Lawn neighborhood at 76th Street and Cicero Avenue. Opened in 1965, Ford City is the largest enclosed mall in Chicago outside of downtown. Anchored by JCPen ...
(the building was owned for a time by
Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobi ...
). The building is so large that it was split in two, and even with a large open area between the two resulting buildings, each structure is still substantial. Tucker's 1948 Sedan's revolutionary ideas in car safety helped formulate car safety standards. The Tucker family held on to Aircooled Motors until 1961, when it was sold to Aero Industries. Today the remaining 47 Tucker cars are highly collectible. Some examples in very good condition can command prices of up to $3 million each. Today, remaining original stock certificates for Tucker Corporation common stock, circa 1947, are valuable to collectors, and are worth more than when originally issued.Catalogued with an estimated value of between $2000 and 3000 by W. M. Smythe & Co. in
New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
in 2003.
Over 10,000 stock certificates were personally signed by Preston Tucker, making these the most desirable.


External links



– Preston Tucker Documentary 45 minutes video


References

{{DEFAULTSORT:Tucker, Preston 1903 births 1948 establishments in the United States 1956 deaths People from St. Clair County, Michigan American automobile designers American automotive pioneers Cass Technical High School alumni Deaths from cancer in Michigan Deaths from lung cancer American founders of automobile manufacturers 20th-century American businesspeople American automotive engineers Automotive businesspeople American military engineers