Remember when General Motors blocked the sale of Saab (from Danish automaker Spyker) to Chinese manufacturers Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile over the sale of Saab? Not surprisingly, Spyker is still not over the outcome, and has motioned to sue General Motors for $3 billion in damages.
Spyker alleges that GM unfairly intervened on the sale to the Chinese automakers last year. The biggest part of the reason for GM blocking the sale surrounded GM’s attempts at protecting its interests by keeping its technologies and architectures found in Saab’s vehicles out of competitive hands. Though we figure that if Pang Da or Zhejiang wanted to, they could just buy a few 9-5 sedans and 9-4X crossovers and reverse-engineer them in a shop if they wanted t0, anyways.
“We owe it to our stakeholders and ourselves that justice is done,” said Spyker CEO Victer Muller. “We tirelessly worked to save Saab Automobile until GM destroyed those efforts and deliberately drove Saab Automobile into bankruptcy.”
GM has yet to release an official statment, while Saab is being bought out of bankruptcy by National Electric Vehicle Sweden AB. At the same time, Spyker has yet to turn a profit.