Gaze Upon the Quirkiest Electric Vehicle You’ve Ever Seen
Richard Rieger II, 25, a nurse living in Brandon, Miss., on his electric 1969 Subaru 360, as told to A.J. Baime.
Richard Rieger II, 25, a nurse living in Brandon, Miss., on his electric 1969 Subaru 360, as told to A.J. Baime.
When I was in college, I worked at a place that bought, sold and consigned classic cars. I was a shop mechanic, and a Subaru 360 passed through. I fell in love with it, and, about a year later, one popped up for sale on Facebook. I paid $US1,200 for it.
The 360 was the first Subaru imported into the U.S., in 1968. A guy named Malcolm Bricklin imported them. He later started his own car company that failed. [According to Subaru’s website, the 360 sold for $US1,297, got 66.3 mpg and was marketed as “cheap and ugly.”] The car did not sell very well. My 360 was not in good shape at all. The motor was disassembled and missing pieces. The cylinders were rusted. The bottom half of the car was mostly rotted out.
At the time, I had just started working as a nurse. Covid was a rough time if you were a hospital worker. I did a lot of ICU work. This car became my Covid project, to get my mind off of work. A lot of it was done when I’d get home, between midnight and 3 a.m. In the summer heat of Mississippi, it’s a good time to work in the garage. It became a “can-I-do-it” project.
I spent about two years just on rust repair. I took the transmission apart. I was able to flush it out and clean it. The brakes were a project. They don’t make parts for this car, so all the parts had to be sourced from different cars and different model years.
For power, I took the electric motor and mounting plate out of a Taylor-Dunn truck. (If you don’t know what this is, you might remember one from the scene in “Austin Powers: International Man of Mystery” when he is riding this little truck and gets stuck in a hallway.) I used the control box out of an E-Z-GO golf cart. So now the 360 runs on electric power.
The goal was never about making an electric car, specifically. I was just trying to get it going with whatever I had lying around and stuff that people gave me. I had to get two sprockets custom made, by a company here in Jackson, Miss., called Motion Industries.
A lot of people in the Subaru community were helpful, through the 360 Facebook page. These cars are so rare these days, and the parts are so hard to find, people are just happy to see them not end up in the crusher. Especially one as bad off as this car was when I started out.
A lot of people also helped me right in my garage. My dad was an electrical engineer for many years, and he helped with the wiring and other stuff. My grandfather, a neighbour, my uncle all helped, too.
Along the way, we took the 360 to car shows, a lot of them locally around Jackson, and one as far off as Ardmore, Tenn. The first time we took it to a show, it had no brakes and we had to roll it up to the judging station with our feet hanging out the doors to make sure we could stop it. Every show we took it to, it had reached another stage, and some people really enjoyed seeing the progress.
I think the car could be street legal, but right now it’s not. Where I live, a lot of the roads are minimum 55 mph. This car has a top speed of about 30 mph. But I have invested so much time in it, and with the help of my friends and family, it means a lot to all of us.
Nowadays, you see Subarus everywhere. But you won’t see many 360s, and you won’t see any other Subaru like this one.
Borrowers cannot control the Reserve Bank, but they can control how exposed their household budget is to its next decision. The RBA meets on 29 September with inflation concerns still elevated and major-bank economists increasingly bringing forward their rate-rise calls. Fixed mortgage rates have also been moving, reducing the value of waiting for perfect certainty. …
Continue reading “What mortgage holders should do before the next RBA decision”
Australian shares finished higher on Tuesday, September 22, as a technology rally and lower oil prices outweighed weakness in energy companies and continued anxiety about domestic interest rates. The S&P/ASX 200 closed 25.9 points, or 0.30 per cent, higher at 8,757.8. The All Ordinaries gained 0.36 per cent to 8,951.0, while the All Technology index …
Continue reading “ASX Wrap: Technology lifts the ASX as falling oil relieves inflation pressure”
Australian shares finished higher on Tuesday, September 22, as a technology rally and lower oil prices outweighed weakness in energy companies and continued anxiety about domestic interest rates.
The S&P/ASX 200 closed 25.9 points, or 0.30 per cent, higher at 8,757.8. The All Ordinaries gained 0.36 per cent to 8,951.0, while the All Technology index rose 1.71 per cent.
Information technology was the strongest major sector, up 2.67 per cent. Megaport gained 4.3 per cent, NextDC rose 3.8 per cent and Life360 added 2.9 per cent, according to the ABC’s closing market report. The move followed a record Nasdaq close and reflected renewed demand for growth assets as oil prices eased.
Consumer discretionary gained 1.29 per cent, while real estate and healthcare each rose 0.76 per cent. The simultaneous strength of technology, discretionary shares and listed property was consistent with a modest easing in market inflation anxiety, although it did not erase expectations of a possible RBA increase at the 29 September meeting.
Energy was the clear laggard, down 1.16 per cent, after Brent crude briefly fell below US$100 a barrel overnight. Origin Energy dropped about 4 per cent, Woodside lost 2.4 per cent and AGL declined 2.3 per cent. Utilities were the weakest sector overall, down 2.03 per cent.
Among larger and liquid movers, Telix Pharmaceuticals rebounded 6.85 per cent after the previous session’s sharp acquisition-related decline. IDP Education jumped 20.67 per cent and was the largest percentage gainer in the ASX 300 screen, while Catalyst Metals fell 14.37 per cent. Those moves should be checked against company announcements before publication; percentage rankings alone do not establish cause or index impact.
Mining performance was mixed. Sunrise Energy Metals rose 12.71 per cent, FireFly Metals added 5.7 per cent and Bellevue Gold gained 4.8 per cent, while Resolute Mining lost 4.44 per cent.
The Australian dollar traded near US71.18 cents late in the session. Oil remained volatile as markets assessed potential US–Iran talks, making energy prices a continuing input into inflation expectations, bond yields and the RBA outlook.
For Wednesday, investors will watch oil, offshore technology leads, Australian bond yields and any new evidence that changes the probability of a September rate rise.
S&P/ASX 200: 8,757.8, up 25.9 points or 0.30 per cent.
All Ordinaries: 8,951.0, up 0.36 per cent.
Best sector: Information Technology, up 2.67 per cent.
Weakest sector: Utilities, down 2.03 per cent. Energy fell 1.16 per cent.
Material winner: Telix Pharmaceuticals, up 6.85 per cent. Megaport rose 4.3 per cent and NextDC rose 3.8 per cent.
Material loser: Origin Energy, down about 4 per cent. Woodside fell 2.4 per cent.
ASX 300 percentage leader: IDP Education, up 20.67 per cent. Confirm announcement context before publication.
ASX 300 percentage laggard: Catalyst Metals, down 14.37 per cent. Confirm announcement context before publication.
AUD/USD: Approximately US$0.7118 late in the session.
Next catalyst: RBA policy decision on 29 September, oil-price volatility and offshore technology trading.
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