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GM Hit with a $3bn Claim

Bloomberg have reported that Spyker is suing General Motors for $3 billion for the bankruptcy of its subsidiary Saab. Spyker is claiming that GM’s blocking tactics with potential Chinese buyers of the Swedish brand caused its collapse not even two years after Spyker acquired Saab from GM. GM have responded by describing the lawsuit as “…completely without merit”.

http://www.bloomberg.com/news/2012-08-06/spyker-sues-gm-for-3-billion-over-saab-bankruptcy.html