Tucker Aviation Corporation and Higgins-Tucker Aviation (1941-1943)
In 1940, Tucker formed a start-up, the Tucker Aviation Corporation, with the goal of manufacturing aircraft and marine engines. The corporation (Tucker's first) was initially based at his shop behind his Michigan home. A public corporation with stock certificates issued, Tucker raised enough to develop the design for a fighter aircraft, the Tucker XP-57, which earned the interest of the United States Army Air Corps (USAAC). Development of a single prototype of the airplane was started, powered by a straight 8-cylinder engine developed/influenced by Harry Miller, called the Miller L-510. Nicknamed the "Peashooter", this fighter competed for WWII government war contracts. However financial problems within the company slowed the development of the prototype and the USAAC allowed the contract to lapse.
During World War II, Tucker became associated with Andrew Jackson Higgins, builder of Liberty ships, PT boats and landing craft. Higgins acquired Tucker Aviation Corporation in March 1942, and Tucker moved to New Orleans, Louisiana to serve as a vice-president of Higgins Industries, specifically in charge of the Higgins-Tucker Aviation division. This entity was to produce gun turrets, armament and engines for Higgins' torpedo boats. This relationship did not work out and Tucker severed his association with Higgins in 1943. Higgins referred to Preston Tucker as "The world's greatest salesman. When he turns those big brown eyes on you, you'd better watch out!"
After 1943, Tucker moved back to Michigan intending to start his own auto company, the Tucker Corporation.
Read more about this topic: Preston Tucker
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