Errett Lobban Cord
Errett Lobban Cord | |
|---|---|
Cord on the cover of Time magazine, January 18, 1932 | |
| Born | July 20, 1894 Warrensburg, Missouri, U.S. |
| Died | January 2, 1974 (aged 79) Reno, Nevada, U.S. |
| Occupation | Business executive |
| Known for | Founder of the Cord Corporation |
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.
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.