Errett Loban Cord's career began in 1929 with the construction of extremely luxurious cars. His name was already known to car enthusiasts, as Cord had been the development manager for Duesenberg. The first Cord (L29) was distinguished by the semi-automatic three-speed gearbox. Approximately 3,000 examples of Cord L29 were produced between 1929 and 1932. The car was equipped with a 4893cc 8-cylinder that produced 125 horsepower.