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Local business

Buttercloud Bakery & Cafe will open this week at 310 Genessee St., the former location of Great Harvest Bread Co.

Owners Ellen and Gibson Holub moved to Medford from Seattle in June.

Ellen Holub is a baker, pastry chef and former fifth-grade teacher, while Gibson Holub is a graphic designer. Buttercloud will offer baked goods, biscuit sandwiches and eventually local wine and craft beer.

Its formal opening is 10 a.m. Friday, Nov. 4. Buttercloud Bakery & Cafe will operate from 6 a.m. to 3 p.m. Tuesday through Friday, 7 a.m. to 3 p.m. Saturday, and 8 a.m. to 3 p.m. Sunday.

The bakery's telephone number is 541-973-2336. Its website is www.buttercloudbakery.com.

Lithia Motors paid $2.9 million for Subaru and Mitsubishi dealerships in Fresno, Calif. The purchase was announced earlier in the month, but the price was not announced at the time. According to a Securities and Exchange Commission filing, Lithia paid Herwaldt Automotive Group $2.1 million cash and $800,000 through a credit line for vehicle inventory.

The Medford-based retailer sold its Volkswagen of Thornton store outside Denver for $4.8 million, resulting in a $900,000 net gain. Lithia also reported the sale of property in Vacaville, Calif., generating approximately $3 million, after paying off the mortgage of $11.8 million, resulting in a pre-tax gain of about $6.3 million.

CAVE JUNCTION — Dutch Bros. Coffee of Cave Junction raised $7,000 from the sale of its wooden "peace" statues during a recent auction benefitting the Illinois Valley Lions Club scholarship fund that aids Illinois Valley High School students.