Filed under: Europe, Government/Legal, GM, Saab, Spyker
It seems as if Spyker CEO Victor Muller has made a decision on whether or not to pursue a legal battle between his company and General Motors. Spyker has announced it will appeal a US District Court decision to throw out the company’s lawsuit against GM. As you may recall, on June 10 Judge Gershwin Drain ruled tht GM had a right to approve or disapprove Spyker’s sale of Saab to Zhejiang Youngman Lotus Automobile. Spyker sued GM for some $3 billion, claiming that the American automaker had forced Saab into bankruptcy by stopping Spyker from transferring intellectual property to its Chinese partner.
Spyker has said only that it plans to appeal the decision. Until now, the company has been silent about the ruling. GM, meanwhile, has said it is pleased with the original outcome. You can read the quick Spyker press release below for more information.
Continue reading Spyker to appeal dismissal of Saab lawsuit against GM
Spyker to appeal dismissal of Saab lawsuit against GM originally appeared on Autoblog on Fri, 21 Jun 2013 08:00:00 EST. Please see our terms for use of feeds.
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Continue reading “Official: Spyker to appeal dismissal of Saab lawsuit against GM”
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