Sunday, Oct 23, 2016
One of America's Great Newspapers ~ Toledo, Ohio


Dutch firm sues GM over deal for Saab

AMSTERDAM — Spyker Cars NV, the tiny Dutch company that bought Swedish car maker Saab from General Motors Co. for $74 million in 2010, said Monday it has sued GM for $3 billion in damages.

Spyker, along with its now-bankrupt former Saab subsidiary, alleges that GM unfairly blocked deals in which a Chinese manufacturer would take over Saab production and save it from bankruptcy. It says GM feared competing with Saab in China.

GM had no immediate comment.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…