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Tucker Automobile Corporation  - SCARCE Prospectus and Green Stock Certificate - 1947  

Tucker Automobile Corporation - SCARCE Prospectus and Green Stock Certificate - 1947

Product #: newitem291153781

Normal Price: $595.00
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PRODUCT DESCRIPTION  
Hard to find original IPO Prospectus and stock certificate in excellent condition from the famous Tucker Corporation issued in 1947. This historic document is 31 pages of information about the company and its vision, officers, accountants' report, financial statements, picture of the plant and much more. This document is over 70 years old. The certificate hs 2 fold from original mailing. The stock was originally sold for $5/share.

Preston Thomas Tucker (September 21, 1903 – December 26, 1956) was an American automobile designer and entrepreneur. He is most remembered for his 1948 Tucker Sedan (known as the "Tucker '48" and 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 amidst scandal and controversial accusations of stock fraud on March 3, 1949. The 1988 movie, Tucker: The Man and His Dream is based on Tucker's spirit and the saga surrounding the car's production.

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Salary Schedule - Tucker made $50,000/year



Preston Tucker, an automotive engineer who helped to design Miller racing cars before World War II, almost realized his ambition of producing a "completely new" passenger automobile after the war. He and his business associates leased a former Dodge aircraft plant in Chicago for this purpose. Fifty-one nearly identical Tucker automobiles, which were designed by Tucker, Alex Tremulis and J. Gordon Lippincott and Company, were built in 1948 before the Tucker Corporation became embroiled in fraud allegations. Shortly thereafter, the company was forced to go out of business.

The Tucker automobile had many advanced, innovative features, from its fastback shape to its swiveling center headlight and independent four-wheel suspension. Enhanced passenger safety was one of the Tucker's principal features. It had a pop-out windshield, padded dashboard, and a place where the front-seat passenger could crouch in the event of a collision.

The Tucker never entered full production, but its design epitomized automotive trends that were new and significant in the immediate postwar years: avant-garde styling, innovative mechanical features, awakening interest in passenger safety, and efforts by small manufacturers to capture a larger share of the new-car market. The Tucker was an exaggeration of these trends and evidence that the desire for change was strong enough to move some fairly radical ideas from the drawing board to the production stage.

Preston Tucker intended to mass-produce a "car of the future" with advanced safety, styling, and engineering features. The automobile has its engine in the rear, an area where the front passenger can crouch during a collision, and a center headlight that turned with the steering wheel. The sedan's most striking feature is its avant-garde styling, developed by Alex Tremulis and J. Gordon Lippincott and Company. Its features-- including pop-up tail lights and irregularly shaped windows--give it a futuristic appearance even today. The Tucker never went into actual production because a federal investigation into the company's management practices led to its collapse.

Preston Tucker, an automotive engineer who helped to design Miller racing cars before World War II, almost realized his ambition of producing a "completely new" passenger automobile after the war. He and his business associates leased a former Dodge aircraft plant in Chicago for this purpose. Fifty-one nearly identical Tucker automobiles, which were designed by Tucker, Alex Tremulis and J. Gordon Lippincott and Company, were built in 1948 before the Tucker Corporation became embroiled in fraud allegations. Shortly thereafter, the company was forced to go out of business.

The Tucker automobile had many advanced, innovative features, from its fastback shape to its swiveling center headlight and independent four-wheel suspension. Enhanced passenger safety was one of the Tucker's principal features. It had a pop-out windshield, padded dashboard, and a place where the front-seat passenger could crouch in the event of a collision.

The Tucker never entered full production, but its design epitomized automotive trends that were new and significant in the immediate postwar years: avant-garde styling, innovative mechanical features, awakening interest in passenger safety, and efforts by small manufacturers to capture a larger share of the new-car market. The Tucker was an exaggeration of these trends and evidence that the desire for change was strong enough to move some fairly radical ideas from the drawing board to the production stage.

Preston Tucker intended to mass-produce a "car of the future" with advanced safety, styling, and engineering features. The automobile has its engine in the rear, an area where the front passenger can crouch during a collision, and a center headlight that turned with the steering wheel. The sedan's most striking feature is its avant-garde styling, developed by Alex Tremulis and J. Gordon Lippincott and Company. Its features-- including pop-up tail lights and irregularly shaped windows--give it a futuristic appearance even today. The Tucker never went into actual production because a federal investigation into the company's management practices led to its collapse.

Product #: newitem291153781

Normal Price: $595.00
Our Sales Price: $495.00

(You Save: 17%)

Qty:
 

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