GM denies Spyker claims in $3B Saab lawsuit [cardvd-player.net]

Reuters reports General Motors has dismissed Spyker claims in a lawsuit of $ 3000000000 thing. Saab Spyker GM alleged deliberately ruined by preventing an agreement with Chinese investors Zhejiang Youngman Lotus. GM, meanwhile, filed a response to the U.S. District Court for the Eastern District of Michigan say that as the former owner of Saab, GM had the right to approve the contract with Youngman. But Spyker claimed the refusal of the demand for GM to approve the agreement with Youngman were due to the fact that the U.S. automaker not want to create a competitor in China.

GM has said that the item plus the fact that it would stop licensing its technology to stop Saab, or build vehicles for the manufacturer in the event, was bought by Youngman. Saab has built its own platform, which we did not use any argument Spyker says GM technology worthless.

The lawsuit seeks $ 3 billion Spyker has damage, although that number could rise with interest, punitive damages and attorneys’ fees, too. Victor Muller, Spyker chief has said the lawsuit is funded by an anonymous third party. This party will participate in any agreement. Youngman has refused to comment on whether or not pay the bill.

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