Spyker Rejects GM’s Motion to Dismiss Saab Lawsuit image

Today, November 12th, Spyker opposed GM’s motion to dismiss, filed in response to Dutch manufacturer’s $3 billion claim against the US automaker.

On August 6th, Spyker filed a $3 billion complaint against the U.S. based automaker in the United States District Court of the Eastern District of Michigan on behalf of its subsidiary Saab Automobile. Dutch sportscar maker Spyker accuses GM of deliberately bankrupting Saab by blocking a deal with a Chinese investor.

Saab, Spyker’s subsidiary, ended production in May 2011, as it was no longer able to pay employees and suppliers. In December 2011 it went bankrupt, almost two years after GM sold it to Spyker. The $3 billion claim is what Saab would have been worth if the deal between the three parties would have been acquired.

GM said it had the legal right to approve Saab’s transaction with Zhejiang Youngman Lotus Automobile. GM had previously said the lawsuit was without merit. GM, which has a partnership in China with SAIC Motor Corporation, blocked deals with Pang Da and Youngman, Spyker motivated its lawsuit.

“Spyker and Saab Automobile shall oppose the said Motion to Dismiss on November 9th, 2012, assuming the Court grants an extension to which GM has agreed,” Spyker said in October.