Comment on New Tucker Talk to examine “The Tucker Business Model: Why the Feds Went After Preston Tucker” by jack mueller

Kaiser-Frazer had three things going for it that Tucker Corporation did not. First, in less than a year from its incorporation Date (August 1945) it had raised over 50 million dollars & had a reserve line of credit from Bank of America for another 11 or so million dollars. Second, within that first year, it had a working car plant and production cars for retail sale were going out to key dealers and distributors; by the end of 1946, despite material shortages over 11,000 Kaisers and Frazers were built and a number of them were in retail owners hands. Third, Henry J. Kaiser was more than willing to stand behind the company financially if needed and that meant something to the financial community. As I noted in an earlier post, The prospectus for the sale of Tucker Corporation showed the company had no actual concept of what it would take, money-wise, to start getting the product on the road. I have a copy of the prospectus & can quote figures on this.