Speculation exists that the Big Three automakers had a role in the Tucker Corporation's demise.
|The Tucker 48 was an advanced automobile conceived by Preston Tucker and briefly produced in Chicago in 1948.|
51 cars were made before the company folded on March 3, 1949, due to negative publicity from an SEC investigation and a heavily publicized stock fraud trial.
|Tucker initially tried to develop an innovative engine. It was a 589 cubic inches (9.65 L) flat-6 cylinder with hemispherical combustion chambers, fuel injection, and overhead valves operated by oil pressure rather than a camshaft. As engine development proceeded, problems appeared. The 589 engine was installed only in the test chassis and the first prototype.|
|Some components and features of the car were innovative and ahead of their time. The most recognizable was a directional third headlight (known as the "Cyclops Eye").|
It would activate at steering angles of greater than 10 degrees to light the car's path around corners.
|Today the Tucker 48 is rare, collectible and extremely expensive. At the January 2015 Barrett-Jackson auction the final bid came in at $2,650,000 for this Tucker. |
That means the new owner paid $2,915,000 to drive it home.
1948 Tucker Automobile Number 10. Found hidden away in a damp, musty old garage in Auburn, WA, it was sold for $300,000 to a flipper who a few weeks later sold it at auction for $720,000.