Tag Archives: Bankruptcy

Spyker will appeal dismissal of $3 billion lawsuit vs. GM

Dutch sports car maker Spyker said it will appeal a U.S. judge’s decision to dismiss its $3 billion lawsuit accusing General Motors Co. of trying to bankrupt Swedish automaker Saab.

Spyker said on Wednesday that it would appeal the decision following a “careful review” of the court’s opinion. No further details were disclosed and Spyker CEO Victor Muller was not immediately available to comment.

Electric car venture Better Place files to dissolve company

Electric car venture Better Place said it had filed a motion in an Israeli court to dissolve the company and sought to appoint a temporary liquidator.

The decision came after the company failed to raise enough funds to cover operating costs and despite making fundamental structural changes in recent months, Better Place said.