Home » Car News » Judge Blocks Spyker $3 Billion Lawsuit Against GM

Judge Blocks Spyker $3 Billion Lawsuit Against GM

Judge Blocks Spyker $3 Billion Lawsuit Against GM

A U.S federal judge has officially dismissed the $3 billion lawsuit Spyker had against General Motors which was initiated after Spyker accused GM of blocking a deal which could have involved a Chinese buyer taking control of Spyker and Saab when it was renamed Swedish Automobiles.

The dramas first began when GM sold Saab to small supercar manufacturer Spyker but as you could imagine, selling a brand as large as Saab to a company as small as Spyker was always going to have its troubles and as a result it quickly ran into serious financial difficulties.

GM originally blocked the aforementioned Chinese buyer purchasing Saab because it feared that many of the shared GM technologies found in the Saab 9-5 could have given the Chinese buyer exclusive access to some of GM’s most prized technologies. As a result of this blocking, Spyker was obviously upset and set about suing GM for a cool $3 billion.
Check out the new gallery!

However, as mentioned a US federal judge has thrown out the case putting yet another nail into the coffin of Saab.

Spyker continues to make sports cars and recently revealed the Spyker B6 Venator Concept car at March’s Geneva Motor Show 2013 which the company hopes will provide it another entrance into the high-end sports car market.

Published: June 12, 2013 11:59 pm

Published by

Post Tags :

Share This Article


Comments