DETROIT â A federal judge on Monday dismissed a $3 billion lawsuit filed by Dutch car maker Spyker against General Motors Co.
Judge sides with GM, dismisses Dutch car maker Spyker's lawsuit over Saab sale
By DEE-ANN DURBIN, AP Auto Writer
Spyker sued GM last August, accusing it of unfairly blocking a deal to let a Chinese buyer take over Swedish carmaker Saab.
GM sold Saab to Spyker in 2010. Saab filed for bankruptcy protection less than a year later after GM blocked its sale to a Chinese automaker.
GM asked U.S. Judge Gershwin Drain to dismiss the suit, saying it had the right to protect its intellectual property. Spyker argued that the deals didn't involve GM's proprietary technology. Drain sided with GM and dismissed the lawsuit.
Spyker said in a statement that it will decide whether to appeal after reviewing the judge's ruling.
Saab's assets were bought out of bankruptcy by National Electric Vehicle Sweden, a Swedish company with Chinese financial backers that is developing electric cars.
about the writer
DEE-ANN DURBIN, AP Auto Writer
Data from Zillow and the Minneapolis Area Realtors tell the story of last year’s housing market in the Twin Cities and beyond. Upper-bracket buyers spent freely in cities like Edina and Minnetonka Beach, while everyone else dealt with high mortgage rates and few listings.