Cars
Spyker Files $3 Billion Lawsuit Against GM Over Saab Bankruptcy Case
Dutch automaker Spyker N.V has filed a lawsuit against General Motors for over $3 billion (€2.4 billion) in the U.S. District Court for the Eastern District of Michigan. Spyker is accusing GM for tampering with the Saab bankruptcy case. This rather unprecedented news coming after Spyker says GM was "tortiously interfering with a transaction" that would have allowed Chinese investors Youngman Lotus Automobile Group to take hold of the Saab brand.
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Saab Automobile Parts Ab Sued For €2.6 Million By Bmw Over Unpaid Deliveries
In September 2010, BMW Group signed an agreement with Saab for the supply of their 1.6-liter turbocharged four-cylinder engines to be used in the next generation of 9-3. On paper, it was a win-win situation. It gave Saab’s new owner at the time,...
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Saab’s Deal With China’s Hawtai Motors Collapses, Future Once Again Uncertain
Another day, another deal gone sour for Saab and its parent company Spyker Cars N.V. Today, less than two weeks after Saab announced an agreement with China’s Hawtai Motor Group that would have invested €150 million (US$215 million) into...
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Spyker To Begin Selling Sports Cars At Saab Showrooms
In a move that won't surprise anyone in the automotive industry, Spyker Cars NV and Saab Automobile owner, Victor Muller, confirmed plans to sell Spyker's high-end sports cars through Saab retailers by the end of the year. "We are signing...
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Saab Spyker 9+ Tribute: Union Spawns Supercar Dreams
One of the first things that came to the minds of many Saab enthusiasts after the completion of the long-winded sale of the Swedish automaker to Spyker was the possibility of a supercar based on the underpinnings of a Spyker model. Of course, we're...
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R.i.p.: General Motors Announces The Death Of Saab
Just moments ago, General Motors announced that it will be closing down its money-losing SAAB unit after concluding that the sale of the Swedish brand to tiny Dutch supercar maker, Spyker Cars, could not be completed in the time frame that had been set....
Cars