Errett Lobban Cord, Date of Birth, Place of Birth, Date of Death

    

Errett Lobban Cord

Founder of the Cord Corporation

Date of Birth: 20-Jul-1894

Place of Birth: Warrensburg, Missouri, United States

Date of Death: 02-Jan-1974

Profession: politician, entrepreneur, inventor

Nationality: United States

Zodiac Sign: Cancer


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About Errett Lobban Cord

  • Errett Lobban "E.
  • L." Cord (20 July 1894 – 2 January 1974) was an American business executive.
  • He was considered a leader in United States transport during the early and middle 20th century. 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 Cab; Stinson Aircraft Company; and American Airways (later American Airlines), amongst other holdings.
  • 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 had been a race car driver, mechanic and car salesman before he was offered the opportunity to manage the dying Auburn Automobile Company in 1924.
  • By 1928 he controlled Auburn, which by 1931 was the 13th largest seller of autos 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 even more millions in real estate.
  • Cord owned several of the first radio and television stations in California and later Nevada, where he moved in the 1940s.
  • In the call letters of his Los Angeles radio station, KFAC, the A.C.
  • stands for Auburn Cord.
  • In Reno, Cord established KCRL-TV and radio in the 1950s and operated it for more than 25 years.
  • The 'CRL' in the station's call letters stood for "Circle L"—a ranch Cord owned in the Nevada desert. During the 1940s he filled in for a Nevada state legislator who died in the middle of his term and again rose to fame as a 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. A collection of his autos is in Auburn, Indiana (1600 S.
  • Wayne St) at the Auburn Cord Duesenberg Automobile Museum.

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