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 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 48's original proposed price was said to be $1,000, but the actual selling price was closer to $4,000. A 1948 Tucker sedan was featured in the July 26, 2011, installment of NBC's It's Worth What? television show. The car's estimated value at that time was US$1,200,000.
The 1988 movie Tucker: The Man and His Dream is based on the saga surrounding the car's production. The film's director, Francis Ford Coppola, is a Tucker owner and displays his vehicle on the grounds of his winery.
The Tucker 48 is often referred to as its original name, the "Tucker Torpedo". This is actually incorrect; the name "Torpedo" was never used in conjunction with the actual production model, and the car's name was officially "Tucker 48".
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