Errett Lobban Cord
American businessman (1894–1974) / From Wikipedia, the free encyclopedia
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Errett Lobban "E. L." Cord (July 20, 1894 – January 2, 1974) was an American business executive. He was considered a leader in United States transport during the early and middle 20th century.
Errett Lobban Cord | |
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Born | (1894-07-20)July 20, 1894 Warrensburg, Missouri, U.S. |
Died | January 2, 1974(1974-01-02) (aged 79) Reno, Nevada, U.S. |
Occupation | Business executive |
Known for | Founder of the Cord Corporation |
Cord founded the Cord Corporation in 1929 as a holding company for over 150 companies he controlled, mostly in the field of transportation. The corporation controlled the Auburn Automobile Company, which built the Auburn and Cord automobiles; Lycoming Engines; Duesenberg Inc.; New York Shipbuilding; Checker Motors; Stinson Aircraft Company; and American Airways (later American Airlines), amongst other holdings.
In 1932, Cord formed the Aircraft Development Corporation, which was instrumental in the development of Jerry Vultee's Vultee V-1.[1]