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 $1,200 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 $1,297, 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.
PSB Academy currently hosts over 20,000 students each year and offers certification, diploma and degree courses.
Rachel Zegler and Gal Gadot star in an awkward live-action attempt to modernize the 1937 animated classic.
PSB Academy currently hosts over 20,000 students each year and offers certification, diploma and degree courses.
U.K.-listed Intermediate Capital Group plans to sell one of Singapore’s largest independent tertiary education institutions, which could be valued at as much as 700 million Singapore dollars, equivalent to US$526 million, people familiar with the situation said.
The alternative asset management company, which acquired PSB Academy in 2018, is working with corporate advisory firm Rippledot Capital Advisers to explore options, the people said.
ICG and Rippledot declined to comment.
The U.K.-based company, which has $107.0 billion in assets under management as of the end of 2024, acquired PSB Academy from Baring Private Equity Asia for an undisclosed price.
Set up in 1964, PSB Academy currently hosts over 20,000 students each year and offers certification, diploma and degree courses. It has operations across Asia, including Indonesia, China and Sri Lanka.
The Asian education sector has become increasingly attractive to private-equity firms and strategic investors due to rapid urbanization and a fast-growing middle class that can now afford higher education for their children.
In 2021, private-equity firm KKR invested in EQuest Education Group, Vietnam’s largest private education institution. A year before, China Maple Leaf Educational Systems paid S$730.0 million to buy Canadian International School in Singapore.