Word: lobban
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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...
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...
...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 that...
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...
...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...