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Published: Tuesday, 8/7/2012

Dutch firm sues GM over deal for Saab

BLADE NEWS SERVICES

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.



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