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U.S. Court Dismisses Spyker Lawsuit Against GM
An American federal judge has thrown out the $3 billion (€2.3 billion) lawsuit against General Motors Co. brought by Dutch supercar maker Spyker Cars NV.
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An American federal judge has thrown out the $3 billion (€2.3 billion) lawsuit against General Motors Co. brought by Dutch supercar maker Spyker Cars NV.
Spyker sued last August, charging that GM unlawfully prevented it from selling Saab Automobile to China's Zhejiang Youngman Lotus Automobile Co. in 2011, thus driving Saab into bankruptcy in late 2011.
GM retained the rights to its own technology when it sold Saab to Spyker in February 2010. The U.S. automaker blocked several bids for Saab by refusing to license its technology to buyers who might use it to compete with GM or its Chinese joint venture partners.
The judge agreed with GM's argument that the sale agreement required Spyker to gain its prior consent for changes at Saab that would affect GM's intellectual property.
Spyker says it hasn't yet decided whether to appeal the ruling.
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