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Spyker suing GM for $3-B for Saab demise

Spyker suing GM for $3-B for Saab demise image

Text: / Photos: SAAB Press | posted August 07, 2012 09:28

Alleges GM tortuously interfered with purchase deal

Dutch sportscar maker Spyker Cars along with its now bankrupt Saab subsidiary are now suing General Motors in $3-Billion for allegedly 'tortuously interfering' with a deal with Chinese automaker Zhejiang Youngman Lotus Automobile (Youngman) who made two purchase bids. Spyker alleges that GM interfered by clinging by refusing technology transfer of platforms, which were based on GM vehicles.  

"Ever since we were forced to file for Saab Automobile's bankruptcy in December of last year, we have worked relentlessly on the preparation for this lawsuit which seeks to compensate Spyker and Saab for the massive damages we have incurred as a result of GM's unlawful action," said Victor R. Muller, CEO of Spyker Cars.

"We owe it to our stakeholders and ourselves that justice is done and we will pursue this lawsuit with the same tenacity and perseverance that we had when we tirelessly worked to save Saab Automobile, until GM destroyed those efforts and deliberately drove Saab Automobile into bankruptcy," Muller added.