"Dutch company Spyker said it was suing General Motors for $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately driving Saab into bankruptcy by interfering with a planned deal with a Chinese investor."
I've gotta laugh.
Spyker is suing GM for interfering in their sale of GM technology they licensed to a competitor in GM's largest market.
"Youngman and Spyker will launch a second joint venture to be called Spyker Phoenix, which aims to develop a "new full range of premium car models based on the (Saab) Phoenix platform." The Phoenix models "will be positioned higher than the comparable Saab models were," said the Spyker statement. The Spyker Phoenix vehicles may be built in Europe and China, the Dutch car manufacturer said."
"National Electric Vehicle Sweden, the Hong Kong-based company that bought the brand out of bankruptcy in September last year, presented its new 9-3 Aero Sedan as the first in a series of new cars it will produce.
The company, also called NEVS, said the first 200 cars will be delivered in the spring and will cost 279,000 kronor ($42,500) each. Next year, it will also launch a 9-3 wagon, followed by convertible and electric models."
Comments
I've gotta laugh.
Spyker is suing GM for interfering in their sale of GM technology they licensed to a competitor in GM's largest market.
BWWWAAAAAHHHHHHHAAAAAAHHHHHHH!!!
My guess? Spyker's just extorting some 'hush money' from GM.
Follow the money. 3 billion is a tidy amount of hush money.
Spyker and Chinese Plan To Launch Saab-Based Cars (Inside Line)
"Two Saab 9-3 test cars have rolled off the line here ahead of a production launch later this year, said National Electric Vehicle Sweden."
Saab 9-3 Test Cars Roll Off the Line
"National Electric Vehicle Sweden, the Hong Kong-based company that bought the brand out of bankruptcy in September last year, presented its new 9-3 Aero Sedan as the first in a series of new cars it will produce.
The company, also called NEVS, said the first 200 cars will be delivered in the spring and will cost 279,000 kronor ($42,500) each. Next year, it will also launch a 9-3 wagon, followed by convertible and electric models."
Saab is back: First cars produced under new owners (Detroit News)
Oops, maybe need a different metaphor...;)
Burnouts!