On this day, March 3, 1949
The postwar car market was so strong in the United States that a number of bold entrepreneurs formed independent car companies to challenge the established Big Three. Arguably the most remarkable such independent was the Tucker Corporation, founded by Preston "P.T." Tucker. Tucker, a gifted marketeer and innovator, created a phenomenon felt through the automotive industry when he released his car, the Tucker. Along with the cars, Preston Tucker sent a magazine called "Tucker Topics" along to dealers, hoping to increase the salesmen's enthusiasm for his automobile. The Tucker was equipped with a number of novel features. It had six exhaust pipes, a third headlight that rotated with the axle, and a "bomb shelter" in the backseat. Beyond the frills though, the Tucker packed a powerful punch, making 0-60mph in 10 seconds and reaching a top speed of 120mph. Great anticipation surrounded the awaited release of the Tucker, but in 1949, before his cars could reach their market, the Securities and Exchange Commission indicted Preston Tucker on 31 counts of investment fraud. Tucker had only produced 51 cars. On this day in 1949, the Tucker Corporation went into receivership, and the Tucker automobile became merely a historical footnote.
PICTURED: After the verdict : Preston Tucker, auto magnate, and wife, freed of fraud charges, 10.23 AM, 23rd Jan 1950
March 3, 1931
"Star Spangled Banner" officially becomes US national anthem
March 3, 1932
Alfieri Maserati died at the age of 44 from complications resulting form injuries incurred in a 1927 racing accident.
March 3, 1937
Australia snatch series against England 3-2 after being 2-0 down
March 3, 1972
Sir William Lyons, founder of Jaguar Motors, retired as Chairman of Jaguar Cars Ltd. Lyons got his start making motorcycle sidecars in Blackpool, England. In 1926, he co-founded the Swallow Sidecar and Coachbuilding Company with William Walmsley. Recognizing the demand for automobiles, Lyons eventually built wooden frames for the Austin Seven Car, calling his creation the Austin Swallow. Spurred on by the warm reception of his Austin Swallows, Lyons began building his own cars, which he called Standard Swallows. In 1934, his company, now SS Cars Ltd., released a line of cars called Jaguars. After WWII, Lyons dropped the "SS" initials that reminded people of the Nazi SS soldiers. Jaguar Cars Ltd. went on to produce a number of exquisite sports cars and roadsters, among them the XK 120, the D Type, and the XK-E or E Type. Perhaps Lyons' most monumental achievement, the E Type was the fastest sports car in the world when it was released in 1961. With a top speed of 150mph and a 0-60mph of 6.5 seconds, the Jaguar made a remarkable 17 miles to the gallon and suffered nothing in its looks. In spite of Jaguar's distinguished record on the race track, the company is associated most with the beautiful lines of its car bodies appropriate considering Lyons's first offering to the automobile industry was a wooden frame bolted to another man's car. After a series of bouyouts by various auto companies, now its owned by Indian Conglomerate 'TATA'.
1943 - Battle of the Bismarck Sea during WWII: Australian and American airforces devastate Japanese navy convoy
1955 - Elvis Presley made his 1st TV appearance
1969 - Apollo 9 launched for 151 Earth orbits (10 days)
1991 - Boon completes 10th Test Cricket century, 109* v WI at Kingston
1991 - LA Police severly beat motorist Rodney King, captured on amateur video
1997 - The tallest free-standing structure in the Southern Hemisphere, Sky Tower in downtown Auckland, New Zealand, opens after two-and-a-half years of construction.
2005 - Steve Fossett becomes the first person to fly an airplane around the world solo without any stops without refueling - a journey of 40,234 km/25,000 mi completed in 67 hours and 2 minutes.
2013 - A 2 year old US girl becomes the first child born with HIV to be cured