Around the Net
Spyker Sues GM For $3 Billion
- Detroit Bureau, Tuesday, August 7, 2012 9:10 AM
General Motors is facing a $3 billion lawsuit filed by the small Dutch sports car manufacturer Spyker Cars NV – which claims the U.S. maker improperly blocked its efforts to save Sweden’s now-bankrupt Saab Automobile. Spyker purchased Saab in early 2010 from General Motors after the American carmaker decided to sell or shutter the struggling Swedish company. But it quickly became apparent that Spyker didn’t have the cash needed to see the venture through. It made a series of attempts to save or sell Saab, but was forced to liquidate the firm last year.
