Dealer anniversaries

Dealers featured this week include Ray Ball and Mark Gold, dealer principal and general manager, respectively, of James Motor Co., a Mercedes-Benz dealership in Lexington, Ky.; Eddie Roberts and Cackie Roberts Walker, dealer principal and general manager of Roberts Toyota in Columbia, Tenn.; Lewis Wood, owner of First Team Hampton Chevrolet in Virginia; Paul Rusnak, …

Mathias Flückiger wins the UCI Mountain Bike Overall World Cup

Switzerland’s Mathias Flückiger has secured an early victory in the UCI Mountain Bike Overall World Cup at the UCI World Cup finals in Snowshoe, USA. The 32-year-old crowns his most successful season for himself and his Thömus RN Swiss Bike Team with this most prestigious title in the mountain bike scene. Flückiger’s performance is unprecedented …

Fair faces uphill battle to restructure

Fair Financial Corp.’s quest to disrupt car ownership with subscriptions has ended after five years. The company now is considering bankruptcy to eliminate debt tied to the inventory needed for that vision. Fair’s next act will be as a vehicle retailing platform, CEO Brad Stewart announced last month, complete with a new name — Fair …

Fair faces uphill battle to restructure

Fair Financial Corp.’s quest to disrupt car ownership with subscriptions has ended after five years. The company now is considering bankruptcy to eliminate debt tied to the inventory needed for that vision. Fair’s next act will be as a vehicle retailing platform, CEO Brad Stewart announced last month, complete with a new name — Fair …

Rivian gets U.S. regulatory approval to deliver EVs to customers, production ramps up

Rivian Automotive Inc., the electric vehicle maker backed by Amazon.com Inc. and Ford Motor Co., says it has received full regulatory certifications and can start delivering its debut electric vehicle to U.S. customers. “Rivian vehicles are fully certified by NHTSA, EPA and CARB, and are ready for sale in all 50 states,” a Rivian spokesperson …

GM makes $50 million commitment to Detroit for education, jobs, neighborhoods

DETROIT — General Motors has made a $50 million commitment to expand access to education and employment opportunities for Detroiters and strengthen the city’s neighborhoods. In a statement Tuesday, GM said it is launching the initiative in collaboration with the city of Detroit. GM Chair and CEO Mary Barra and Detroit Mayor Mike Duggan were …