The Tucker 48 (named after its model year) is 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 company was forced to declare bankruptcy and cease all operations 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 the allegations were proven baseless and led to a full acquittal). Tucker suspected that the Big Three automakers and Michigan Senator Homer S. Ferguson also had a role in the Tucker Corporation's demise.
The Tucker 48 (named after its model year) is 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 company was forced to declare bankruptcy and cease all operations 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 the allegations were proven baseless and led to a full acquittal). Tucker suspected that the Big Three automakers and Michigan Senator Homer S. Ferguson also had a role in the Tucker Corporation's demise.
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