Back in 2010, you may recall that General Motors sold the majority of its stake in Swedish automaker Saab to Spyker, who ultimately failed in reinvigorating the brand.
As Reuters reports, General Motors continued to license its intellectual property to Swedish carmaker Saab, and retained the right to revoke those privileges if Spyker attempted to sell the Saab brand without its consent.
That didn’t stop Spyker from trying.
Now, finally, General Motors can put that fiasco behind them. As Reuters reports, a US Appeals Court ruled in General Motors’ favor. Circuit Judge Eugene Siler wrote that the American automaker had no malicious intent, but “legitimate business concerns” with regard to the proposed sale of Saab, and a desire to protect its own intellectual property.
Furthermore, even if both the district court, and later this court of appeals, had been persuaded that General Motors acted unlawfully, Siler wrote that at most, this would be indicative of a misunderstanding of the Saab brand sales terms, and nothing more criminal or vindictive than that.
Saab was bought out of bankruptcy by another Chinese firm back in 2012, and recently began seeking new funding in Sweden.