Spyker sues GM for 3 billion $ over SAAB

[StringTheory]

http://europe.autonews.com/apps/pbcs...aab-bankruptcy

AMSTERDAM (Reuters) -- Dutch company Spyker said it was suing
General Motors Co. for $3 billion on behalf of its subsidiary Saab,
accusing the U.S. automaker of deliberately driving Saab into
bankruptcy by interfering with a planned deal with a Chinese
investor.
Saab Automobile went bankrupt in December 2011, less than two years
after GM sold it to supercar maker Spyker. The bankruptcy followed
several unsuccessful attempts to attract Chinese or other investment.
"This lawsuit seeks redress for the unlawful actions GM took to avoid
competition with Saab Automobile in the Chinese market," Spyker said
in a statement today, referring to a complaint filed in a U.S. district
court.

popcorn time...

[Aonarch]

[Facin]

This should be interesting.

[cryption]

I <3 Saab

[DUBLUV401]

[invisiblewar]

Someone needs to make a book/movie about Saab. They're like a ghost that continually haunts everyone.

[Deserion]

Dear god, will this drama fest ever end?

[VwG60Kid]

and so it begins... i predict this getting messy.

[PsyberVW]

Right or wrong, I hope they win.

[driveareliablecar]

Lawyers on contingency fee looking for something to stick?

[seadoo2006]

Quick! To the Saab-cave!

[Minority5]

Right or wrong, I hope they win.

Eh, attempted extortion is a bit crass.

[Slipstream]

Does the government's ownership in GM mean that Spyker is suing US over Saab?

[uncleho]

This must be Mueller's Plan C. Or is it D? Maybe G by now.

It'll never fly. If it were Fiat, then yeah... there's precedence.

[Old Windy]

Quick! To the Saab-cave!

After finnaly watching the Dark Knight Rises; I LOL at this. Probably this will end well ........
for all the lawyers involved.

[schwein]

Quick! To the Saab-cave!

I LOL'ed

[S0RRY]

Cue the armchair CEO's with a foggy understanding of the issue, legal implications and an anti-Saab bent!

[turkey_club]

I like saab

I wholeheartedly believe in the likelihood of these events having taken place

I only half want it to BE true because in the end I (we) will have to pay for it!!!

[ATL_Av8r]

GM should just wait 3 years. By then, depreciation will have the lawsuit down to like $10,000

[SebTheDJ]

I hope they win. GM purposely killed off the saab brand.

[GLI Dan]

GM's legal team (army) can tie this up in court long enough to bankrupt Spyker.....goodluck

[C4 A6]

Spyker's tacky cars not making revenue so they need to sue for money?

[GLI Dan]

Don't **** with the Dutch, they've got the backing of the EU. GM WILL PAY.

Because backing a small high end automotive company's dick measuring contest of a law suit with millions of dollars is definitely something the EU is looking into doing right now given their current economic climate.

[surefooted]

GM should just wait 3 years. By then, depreciation will have the lawsuit down to like $10,000

Hahahaha

[StormChaser]

I hope they win. GM purposely killed off the saab brand.

Why would they attempt to keep open a car company that has zero chance of ever being anything more than an oddity that makes mediocre cars and hasn't been profitable in decades?

[surefooted]

Why would they attempt to keep open a car company that has zero chance of ever being anything more than an oddity that makes mediocre cars and hasn't been profitable in decades?

To F with GM and eliminate VW's competition.

[StormChaser]

The mediocrity didn't come into play until Saab's became cars based off of GM platforms.

You should go on tour with that sh1t! Seriously.

[masa8888]

Spyker NV is up 75% on the news today!....

...from 0.04 to 0.07 EUR (market cap EUR 1.9 mil)

[Gus Polinski]

You should go on tour with that sh1t! Seriously.

He's not far wrong. "Here's a Vectra, do something with it. Oh, and make it work for 10 years."
And that's just the 93. Forget the 9-5, built on a platform that came out in 1988.

[Fritz27]

They're mad that GM didn't want the Chinese to buy Saab and still all of GM's IP to make their own Chinese cars based on an excellent platform and motors. Spyker should know their role and shut their mouth and keep designing ugly supercars.

[Biz]

GM should just wait 3 years. By then, depreciation will have the lawsuit down to like $10,000

Thread's over mother****ers, everybody go home.

[StormChaser]

He's not far wrong. "Here's a Vectra, do something with it. Oh, and make it work for 10 years."
And that's just the 93. Forget the 9-5, built on a platform that came out in 1988.

Name a world-class Saab that actually did as well or better than it's direct competition after say 1965 or 1970. The 900 sure wasn't, nor was the 9000. I like Saabs, but to put all the blame on GM is ludicrous...they were never GREAT cars and never sold well enough to survive a downturn in the economy even at their best. The recession did us a favor and killed off weaker car brands.

[Mayerz]

GM should just wait 3 years. By then, depreciation will have the lawsuit down to like $10,000

Laughed so hard on this

[uncleho]

Spyker's tacky cars not making revenue so they need to sue for money?

Somebody gets it.

[surefooted]

Somebody gets it.

A non-biased opinion.