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...until then 1931's automobile excitement was supplied chiefly by Auburn. In 1930 Auburn Automobile Co. turned out 13,000 cars. Last February, banking on the hit it made at the 1931 Show, it stepped up production to 19,900 cars for the first four months. Enthusiastic President Errett Lobban Cord predicted 40,000 for 1931. At year's end some 33,300 Auburns had been sold. There was much that was psychological in the Auburn triumph. The U. S. was on the downside of Depression yet here was an automobile at $945, low with racy lines. It looked rich...

Author: /time Magazine | Title: Business & Finance: Motion For Sale | 1/18/1932 | See Source »

...content with the Auburn and the high-priced Duesenberg which he had been making in small quantities since 1928, Errett Cord launched another car in late 1929, longer, lower, racier than his first. Expensive and finely engineered, with the driving power in the front wheels, it was named after himself. The Cord, jokes the automobile industry, is just an Auburn running backward. But Errett Cord, the industry admits, is still a Cord running forward. At the Show last week was to be seen a new Auburn V-Twelve with at least one exclusive device novel to the industry? a dual...

Author: /time Magazine | Title: Business & Finance: Motion For Sale | 1/18/1932 | See Source »

...kept it out so strictly that his financial reputation now matches the rest of his legend. Because Auburn's common stock is one of the highest-priced and most sensitive on the New York Exchange, moving up or down anywhere from two to 15 points in a session, Errett Cord's name is as well known on Wall Street as in the Midwest. The stock's astonishing gyrations have given rise to many tales of pools and corners, most of them untrue. Mr. Cord declares he often goes three days without even looking at the market. At the peak...

Author: /time Magazine | Title: Business & Finance: Motion For Sale | 1/18/1932 | See Source »

Thoroughly unpopular with pioneer companies are Motorman Errett Lobban Cord's Century Air Lines and Century Pacific Air Lines. Two months ago Century Pacific turned its face east from Los Angeles, prepared to parallel American Airways' route to El Paso. As operator for more than a year of this southern transcontinental link, American Airways had bought it and the pioneer rights from Standard Air Lines, invested large sums in radio, beacons, emergency landing fields, weather reporting services...

Author: /time Magazine | Title: Aeronautics: Pioneer Rights | 1/11/1932 | See Source »

...were told by the Postmaster General that a "responsible"' company had offered to undertake the daylight flying of all U. S. airmail for 30? per mile. (Present average compensation, about 60? per mile.) He did not name the bidder, but most of the operators guessed it was Motorman Errett Lobban Cord whose Century and Century Pacific Lines fly frequent schedules out of Chicago, and between San Francisco and Los Angeles. In view of the limitation of the offer to daylight flying, the transport men did not take it as a serious threat. At the same time they well knew...

Author: /time Magazine | Title: Aeronautics: Films, Flowers, Fruits | 12/28/1931 | See Source »

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