Tag Archives: Spyker

Former Saab owner Spyker is bankrupt: Press Release

spyker c8 car -  Former Saab owner Spyker is bankrupt

Spyker Cars — the Dutch supercar maker that was hurt by its acquisition of Saab from General Motors – was today declared bankrupt even as owner Victor Muller vowed to revive the company.

Spyker files for financial restructuring

Spyker c8 - Spyker files for financial restructuring

Spyker Cars has filed for financial restructuring as the Dutch supercar maker that was hurt by its acquisition of Saab from General Motors seeks to avoid collapse.

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.

Saab parent’s $3 billion lawsuit versus GM thrown out by U.S. judge

Dutch sports car maker Spyker NV’s $3 billion lawsuit accusing General Motors Co. of trying to bankrupt Swedish automaker Saab was dismissed today by a U.S. judge who said the U.S. automaker had the right to block the sale of a company using its technology.

Spyker sued GM in August 2012, seeking damages and accusing the U.S. automaker of trying to stop a deal with Zhejiang Youngman Lotus Automobile Co. and eliminate a potential rival in the growing Chinese market.

GM/Saab – More "dirty tricks" allegations

There appears to be a lengthening queue of people who are claiming General Motors has got plenty to hide when it comes to the bankruptcy of Saab, and the resulting $3 billion lawsuit by Spyker against GM.

In the last couple of days the former head of the component suppliers association, CLEPA, told industry website www.just-auto.com, “I see some papers and emails that are very interesting regarding the action of GM. It is not going away. I suspect we have another scandal coming up.” Now the head of FKG, another suppliers association, has told the same website, “I am sure there has been a lot of dirty or half dirty business behind this last year, what really happened there.”