- Bankers who controlled the Franklin company during the Depression pushed for the production of V-12 Franklins.
- It was difficult to sell and became known as “The Banker’s Car.”
- Franklin couldn’t survive and ceased production in 1934.
Unfortunately, this fine and expensive automobile was introduced during the Depression. In 1932, bankers who held outstanding Franklin Automobile Company loans forced in their own representative to manage the Franklin Company. At his urging, a V-12 version of the Franklin was put into production in the spring of that year. It came to be known as “The Banker’s Car.”
Only an estimated 200 V-12 Franklins were built and it was difficult to sell even that small number in the early 1930s. The Franklin Automobile Company ceased production in April 1934.