Word: errett
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Robert Henry ("Roy") Faulkner, 45, resigned the presidency of Auburn Automobile Co- He was succeeded by Errett Lobban Cord, 37, chairman of the company and president of it prior to February 1931 when Mr. Faulkner was elected. Company press releases made clear that Mr. Faulkner will no longer be connected with the Cord organization in any capacity, declared that Mr. Cord's return to active management of Auburn was his own idea. When Mr. Faulkner accepted the position, Auburn stock sold at $200. A strong pool, which had already been operating for some time, later lifted...
...Corp., was in Paris last week for the international motor show. But Andre Citroen, leading French motormaker, was in Manhattan. He attended a luncheon given for him by the directors of National Automobile Chamber of Commerce. Toastmaster was G. M.'s Alfred Pritchard Sloan Jr.; guests included young Errett Lobban Cord of spectacular Auburn Automobile Co.; William Crapo Durant of Durant Motors, Inc.; Charles Michael...
...operation was, in fact, a master piece of economy. Specially designed Stinson tri-motors requiring only one pilot were bought from Errett Lobban Cord. Automobile gas was used for cruising, until aviation gas prices were forced down to 7½? per gal. Pilots were instructed to taxi on one motor instead of three. . . . Result : Cost per mi. was 37?, while other operators of tri-motors were having difficulty in getting under $1 per mi. At the end of the first year, September 1, Ludington had made 8,300 trips, about 28 per day; carried 66,000 passengers (average load...
When Sir William receives his D. C. L. degree he may mutter casually his favorite expression: "Not too bad, not too bad!" And he may reflect that his potent U. S. competitors Henry Ford, President Alfred Pritchard Sloan of General Motors, John North Willys, Walter Percy Chrysler, Errett Lobban Cord, have no such degree...
...Chicago, making an eight-hour service between New York and Chicago to compete with National Air Transport (which flies via Cleveland). The Chicago-Columbus route was operated by Continental Airways, until that company went out of business last month. T. & W. A. swiftly grabbed up the strategic opening. (Errett Lobban Cord's new Century Airlines, radiating out of Chicago, was said to have turned a covetous eye upon the Columbus route.) The other new service was American Airways, Inc., between Cincinnati and Atlanta. Flying time is 4? hr., with stops at Louisville, Nashville, Chattanooga. Other strategic schedules...