Errett Lobban "E.
L." Cord (20 July 1894 – 2 January 1974) founded the Cord Corporation in 1929 as
a holding company for over 150 companies, mostly transportation related, that he
controlled. The corporation owned the Auburn Automobile Company, which
manufactured both the Auburn and the Cord Automobiles. Other holdings included,
Lycoming Engines; Duesenberg Inc.; New York Shipbuilding; Checker Cab; Stinson
Aircraft Company; and American Airways (later American Airlines). The Aircraft
Development Div, (Erret L) Cord Mfg Co, was instrumental in the development of
the Vultee V-1 Airliner which spawned a series of airliners and military
aircraft from the (Gerard Freebairn) Vultee Aircraft, Aviation Mfg Corp-AVCO.
Born in Warrensburg, Missouri, Cord was a race car salesman, mechanic and race
car driver before he was offered the opportunity to manage the ailing Auburn
Automobile Company in 1924. In 1928 he gained control of Auburn, which by 1931
ranked 13th as a seller of automobiles in the United States. During 1934, he
moved to England, reportedly because of kidnapping threats. He moved back to the
United States in 1936, but then came under investigation by the Securities and
Exchange Commission for his dealings in Checker Cab stock. In 1937 he sold the
Cord Corporation to the Aviation Corporation and retired to Los Angeles to earn
a great fortune in real estate. Cord also acquired several of the first radio
and television stations in California (KFAC in Los Angeles for example AC stands
Auburn Cord). He acquired additional stations in Nevada, where he moved in the
1940s.
During the 1940s was appointed to the Nevada state legislature and gained fame
as an effective politician in his later life. In 1958 he was asked to run for
governor of Nevada, but he refused and never explained why. He died in Reno,
Nevada from cancer in 1974, aged 79.
Unauthorized Site:
This site and its contents are not affiliated, connected,
associated with or authorized by the individual, family,
friends, or trademarked entities utilizing any part or
the subject's entire name. Any official or affiliated
sites that are related to this subject will be hyper
linked below upon submission
and Evisum, Inc. review.
Please join us in our mission to incorporate The Congressional Evolution of the United States of America discovery-based curriculum into the classroom of every primary and secondary school in the United States of America by July 2, 2026, the nation’s 250th birthday. , the United States of America: We The
People. Click Here