US Courts Uphold Dismissal of Spyker Lawsuit
General Motors is in the clear regarding Spyker’s lawsuit on the American automaker.
The 6th U.S. Circuit Court of Appeals in Cincinnati has upheld the dismissal of a $3 billion lawsuit in which Spyker accused General Motors of interfering with its plan to sell Saab to a Chinese company. The federal appeals court said Spyker failed to show GM intentionally interfered with the company’s effort to sell the Swedish automaker to Zheijiang Youngman Lotus Automobile Co, which resulted in Saab’s bankruptcy.
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In 2010, GM sold its majority stake of Saab to Spyker and as part of the sale, the American automaker licensed Saab to build vehicles using GM’s intellectual property and retained a right to end the license if Saab was sold without its consent. The recent decision upheld a ruling from June 2013 by U.S. District Judge Gershwin Drain in Flint, Michigan.
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[Source: Reuters]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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I own a 94-x purchased in Oct. 2011 they said I had a Warranty. Saab filed Bankruptcy in Dec. 2011 then I had no Warranty. GM manufactured these vehicles in Mexico, only built about 600 of them, mine is 359 less then 35,000 miles. Both Left and Right Tail Light stopped working. No previous Saab Dealer can fix them and GM does not have replacement Tail Lights available. So I guess I am screwed. Do you think I would buy another GM vehicle? Not on your life. GM still owes the Taxpaying Citizens of this country 24 Billion Dollars that Geo. Bush jr. and Obama gave them to stay in business, they should have let the b##tards go Bankrupt.