Spyker suing GM for $3b over Saab

Spyker CEO Victor Muller. Spyker alleges General Motors blocked deals that would have saved Saab.

LEX VAN LIESHOUT/AFP/GettyImages/file 2010

Spyker CEO Victor Muller. Spyker alleges General Motors blocked deals that would have saved Saab.

AMSTERDAM — Spyker Cars NV, the tiny Dutch company that bought the Swedish carmaker Saab from General Motors Co. for $74 million in 2010, said Monday that it is suing GM for $3 billion in damages.

Spyker, along with its now-bankrupt former Saab subsidiary, alleges that GM unfairly blocked deals that would have seen a Chinese manufacturer take over Saab production and save it from bankruptcy. It says GM feared competing with Saab in China.


‘‘We owe it to our stakeholders and ourselves that justice is done,’’ said Spyker’s chief executive, Victor Muller.

‘‘We tirelessly worked to save Saab Automobile until GM destroyed those efforts and deliberately drove Saab Automobile into bankruptcy.’’

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He told reporters that the lawsuit, filed in US District Court in Michigan, could drag on for ‘years.

General Motors could not immediately be reached for comment.

A business law professor, Anthony Sabino of St. John’s University, said that at first glance Spyker’s suit appears to be a long shot.


‘‘GM is in a very strong position: All they need to do to show they were not the cause of Saab’s bankruptcy is say look at the recession, look at their sales figures.’’

Associated Press

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