Jump to content
Forums Gone... but not forgotten!
Pontiac of the Month

Debbie Harris's 1969 Grand Prix

2022 September
of the Month

  • Welcome!

    Welcome to Forever Pontiac, where we keep the memory of Pontiac alive with great discussion, maintenance tips, restoration/modification progression "blogs" and help from professional & DIY mechanics. Also, wonderful competitions that occur regularly. Please register for an absolutely free account to join in!

RSS Report: GM granted 30-day extension on Spyker's Saab-related lawsuit


Ringo64
 Share

Recommended Posts

  • Founders

Filed under: Government/Legal, GM, Earnings/Financials, Spykersaab-and-gm-dealer-signs.jpg

General Motors has asked for more time to reply to the lawsuit brought by Spyker over the Saab affair, and Spyker has agreed to extend the deadline one month until September 28. A quick refresh: Spyker has accused GM of tortious interference in Saab's dealings with the Chinese investors that might have been able to save the company, and intentionally and unlawfully driving Saab into bankruptcy.

The Dutch sports car maker is seeking $3 billion in damages, that number being its putative valuation of Saab had it worked out a deal with Chinese investor Youngman. GM's position is still that the lawsuit has no merit. You'll find Spyker's press release about the extension below.

Continue reading GM granted 30-day extension on Spyker's Saab-related lawsuit

GM granted 30-day extension on Spyker's Saab-related lawsuit originally appeared on Autoblog on Mon, 27 Aug 2012 08:59:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Link to comment
Share on other sites

I didn't even hear about this. That'll suck for GM if they lose. I don't see how this can really be valid though, how can Spyker sue GM over something that happened to Saab when GM had a stake in Saab and Spyker didn't own them yet?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

Tired of these Ads? Purchase Enhanced Membership today to remove them!
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.