1933 Auburn 8105 Convertable Sedan Errett Lobban Cord, also known as E.L. Cord (1894-1974) founded the Cord Corporation in 1929, at the start of the Great Depression. It was a holding company for 150 smaller companies, most of which he controlled including the Auburn Automobile Company; Tycoming Motors; Duesenberg, Inc; New York Shipbuilding; Checker Cab; Stinson Aircraft Company and American Airways. The most deluxe of the Auburn line was the V-8 model 8-105. The Lycoming engine produced 100 hsp. The price-tag was $1,245. Total Auburn sales for 1933 were only 4,815, a decline of over 57% from the year before, hence the company lost $2.3 million in 1933. Unfortunately the post-Depression buying public did not buy the company's expensive vehicles. The company filed bankruptcy in 1937, discontinuing production of Auburns, Cords and Duesenbergs.