Spyker says GM served with $3 billion damages claim

AMSTERDAM Wed Aug 8, 2012 10:46am EDT

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan August 25, 2009. REUTERS/Jeff Kowalsky

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan August 25, 2009.

Credit: Reuters/Jeff Kowalsky

AMSTERDAM (Reuters) - Dutch sportscar maker Spyker said on Wednesday that General Motors has been served with the complaint that Spyker filed against it earlier this week and that GM is due to respond by August 28.

Spyker is suing General Motors for more than $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish group by blocking a deal with a Chinese investor.

(Reporting by Gilbert Kreijger)

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Comments (2)
AlkalineState wrote:
GM was the least of Saab’s problems. Saab was a Daihatsu with a BMW price tag. What did a Saab 9-3 do, that a Toyota Celica didn’t do.

In general, Saab had poor performance, poor innovation, high maintenance costs. Saab died because they failed to adapt.

Aug 08, 2012 1:02pm EDT  --  Report as abuse
justinolcb wrote:
whoooppp bail out dat Obama!

Aug 08, 2012 4:33pm EDT  --  Report as abuse
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