Ah, the tangled web of automotive high finance. Victor Muller, CEO and largest shareholder of Dutch automaker Spyker Cars said “oops” (or Dutch words to that effect) and reduced his voting interest is Spyker from 34.3 percent to 26.8 percent.

Why? It just dawned on Muller (or his CPAs) that with more than 30 percent he would have had to make a buyout offer for the rest of the shares. After having gobbled up Saab through complex dealings involving Russian money of dubious provenance, being forced to buy out the whole company because of some silly law wasn’t a high priority for Muller.

Rules are rules, so what’s a newly minted tycoon to do? Read More >

A federal appeals court ruled yesterday that municipalities in most states may use evidence illegally collected by photo enforcement cameras. The US Court of Appeals for the Fifth Circuit made its decision in the case of Stephen Bell who sued both American Traffic Solutions (ATS), an Arizona-based red light camera operator, and Redflex Traffic Solutions of Australia for violating Texas statutes requiring companies involved in private investigation to obtain a license. The three-judge appellate panel determined that there was no problem with companies offering unlawfully obtained evidence in civil court cases.

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Money-wise, the United States is in a bit of a tough spot. Must create revenue wherever it can. From red light cameras to shaking down foreign companies. On Tuesday, Germany’s Daimler AG was charged with violating U.S. bribery laws “by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals,” as Reuters has it. After asking “how much will it take for this to go away?” Daimler plans to pay $185m to settle charges by the U.S. Justice Department and Securities and Exchange Commission. Read More >

At long last, police in Harrison, NY, agree with NHTSA findings that “driver error caused the crash of a Toyota Prius in this New York suburb,” says the Wall Street Journal. The converted Harrison police chief would even drive a Prius. Read More >

Enforcing laws against victimless crimes is never easy. Limited resources force local governments to constantly assess their law-enforcement priorities, assigning the squad cars and jail beds to the most pressing problems facing their jurisdiction. The problems that don’t make the cut? Unless there’s a revenue motive at play (see: red light cameras, speed cameras), local law enforcement often has little choice but to tolerate the breaking, or under-enforcement of certain laws. Which begs the question: on a scale of, say, murder to marijuana possession, just how bad is speeding?

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Over the weekend I penned a screed calling baby boomers to task for embracing retro style over the the values that made the revolutionary cars of their era so revolutionary [editor’s note: there’s nothing like having a carburetor on your 35 year-old motorcycle magically fix itself to inspire faith in old, simple machinery]. The new New Beetle was square in my crosshairs over the weekend, but it’s hardly the only example of boomer retro-madness. Another favorite for nostalgic boomers are the legendary muscle cars that marked the high-water point for Detroit thunder, and this feverish demand combined with limited original runs have run the prices of famous muscle cars into the Barrett-Jackson stratosphere. It’s also inspired a legion of knock-off and replica manufacturers, who see huge money to be made by aligning supply with demand. They, in turn, have inspired a number of huge lawsuits from the original creators of the limited-edition legends. Carroll Shelby’s prolific legal battles against creators of Cobra replicas have given him the reputation of being a guy who never met a buck he didn’t like, and now GM has joined the Shelby legacy, suing Mongoose Motorsports for daring to produced replicas of the 1963 Corvette Grand Sport roadster.

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As the avid reader of our cop car chronology and our on-going coverage of crime-buster conveyances knows, that market of 75,000 units a year in the U.S.A. alone is in a bit of a turmoil. The Crown Vic, holder of approximately 70 percent of the fuzz market, is about to be retired. Ford, GM, and Chrysler want to get a bite out of that crime-driven market. Not to forget a little known company, curiously and politically incorrectly named “Carbon Motors.”  Since our own Sajeev Mehta directed our attention towards Carbon, it got a little quiet around the formerly Atlanta, now Connersville, Ind. based upstart that wants to build dedicated police-mobiles. Until today. Read More >

“If we lose that case, we will lose heavily” said Toyota in Delhi’s High Court. The judges had no sympathy for Toyota’s pleadings. Their decision might impact seriously on Toyota’s plans to market the Prius in 40 countries worldwide. As if Toyota doesn’t have enough problems with recalls and class action suits, now this: Read More >

“Leading San Francisco product liability attorney, Mary Alexander states if you or a loved one has been injured or killed due to stuck accelerator pedals, break issues, or steering problems prompted by a defective Toyota vehicle, you may have a product liability claim that would entitle you to compensation for your injuries and damages.”

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Last November, Dutch lawmakers approved the first “pay-as-you-drive” tax system in Europe. A GPS gizmo, promptly dubbed  “Spionagekastje” (“spy box,”) by the Dutch, was supposed to record where and when people would drive in the land of cheese, tulips, and koffie shops. With the information collected by the mandatory kastje, the Dutch government intended to fleece its motorized citizenry according to distance driven, along with size and engine of the car. That concept immediately launched a discussion in Europe whether other countries should be given the same Dutch treat. The Netherlands won’t be setting a trend in that matter. Dearly beloved, the Spionagekastje is dead. Read More >

Black box data in New York and Japan shows that crashing Prius drivers had their feet on the wrong pedals and wrongly blamed their cars.

In Harrison, NY, the NHTSA declared that the cause of the Prius incident was driver error. “Computer data from a Toyota Prius that crashed in suburban New York City show that at the time of the accident the throttle was open and the driver was not applying the brakes,” U.S. safety officials said to Associated Press.

NHTSA said information from the car’s computer systems indicates there was no application of the brakes and the throttle was fully open. The NHTSA “did not elaborate,” says AP, but the conclusions are clear: Someone’s foot was on the gas instead on the brakes. Read More >

Private companies that repossess automobiles without the involvement of law enforcement are creating potentially deadly situations, a report released Thursday by the National Consumer Law Center (NCLC) warned. The Boston, Massachusetts-based non-profit legal advocacy group examined the consequences of turning car seizures over to private firms, particularly during the recent economic downturn.

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Based on anonymous driving habit data from customers in 45 states, GPS navigation firm TomTom reckons that Americans tend to drive at about 70 MPH on the freeway, regardless of the posted speed limit. More specifically, most Americans tend to stay within a few miles per hour of the speed limit on interstate freeways. The WSJ [sub] reports that these findings are consistent with efforts to raise freeway speed limits around the country, as Virginia recently became the latest state to raise its freeway speed limit to 70 MPH or above. Naturally, there are still safety advocates still sticking to their “speed kills” talking points, but despite these state-by-state speed limit increases, America’s road fatalities per vehicle mile traveled has been dropping consistently. That Americans rarely drive over 70 MPH, even when limits are as high as 75 MPH, shows that motorists tend to find their natural comfort limit at that speed anyway. And the fact that states with higher freeway speeds tend to be large, sparsely-populated Western states indicates that motorists tend to vary their speed only slightly from the 70 MPH “state of nature” even when faced with longer distances and less traffic. [Hat Tip: ClutchCarGo]

Two days ago, Ed Niedermeyer received a tip from an anonymous tipster that James Sikes, the guy who couldn’t stop his runaway Prius until a cop pulled up next to him and told him to, is, well, a bit exposed.

The tipster pointed out that a James Sikes had also started a business called Adultswinglife, LLC. A look at the phone numbers showed that Adult Swing Life LLC (619) 957-7355 shared the same phone number as the real estate business of Patty & Jim Sikes (619)-957-7355. We left it at that. Times are rough, and one needs to find extra streams of income.

A few hours later, an anonymous poster that went by the name “CincyJazzy” posted on the CBS news website that Sikes “is caught in 2 attempts to defraud his insurance company out of $60K, Just lost his house, and was fired for ‘unethical behavior’, in the middle of bankruptcy, and now this.” No reaction from CBS.

Then, nothing. Until ... Read More >

Thanks to the “optics” (if not the reality) of the latest Toyota sudden unintended acceleration scare, the story has new legs just as Toyota and Exponent were hoping to cut them off. But as much as dramatic, cop-calms-killer-Prius headlines keep the Great Toyota Panic alive, so to does the fact that the 89-odd class-action lawsuits filed against Toyota could be worth over $3b to plaintiffs and their counsel. And that’s not counting any of the incidents in which people were actually injured or killed (which are actually relatively rare). No, that $3b+ is going to the truly deserving… and their lawyers.

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