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Saab owner Spyker sues General Motors for US$3billion

By Rigval on 08 Aug 2012

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Sometimes the dead is unable to rest in peace. In this case, Saab, and its owner, Dutch company Spyker has decided to sue General Motors for the sum of US$3 billion. Spyker/Saab wants compensation for the actions of General Motors (GM) blocking the use of GM technology in Saab cars.

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GM was basically worried that Saab/Spyker’s tie-up with China car manufacturer Youngman would allow for unwarranted technology transfer of GM technology in current Saab models.

This would have also affected GM’s sales in China, a ridiculously huge market for all manufacturers. So what GM purportedly did was that GM made false statements that its consent was somehow required and that it would oppose any agreement with Youngman.

On December 19, 2011, having been wrongfully deprived by GM of a means to secure further funding, Saab was forced to file for bankruptcy liquidation. Further stating their case, the 2013 Saab 9-3 was based on new non-GM based technology and Saab discontinued the GM-based 9-3 and 9-5 by then.

Anyway, let the legal circus carry on and hope that a verdict is reached soon. I however would like to comment on why the US$3 billion figure was deemed an appropriate sum for the lawsuit. According to reports the amount was based on the projected 2016 value of Saab. Quite an ambitious sum as Saab basically made 32,000 cars in 2010 before the company was declared bankrupt.

Of course, lawyers and people of interest would like such rosy figures to pad up their file but I’ve mentioned before, and many other people have mentioned before that Saab appeals to architects, artists and maybe borderline lunatics who somehow refuse to buy proper luxury cars from say, Audi, Mercedes Benz and BMW.

Or people who somehow think that Volvos aren’t Scandinavian cool enough for them. And looking at car buying trends even in places where Saab was traditionally strong, like in the United States they’ve done so much more wrong than right.

Over in the States, Saab was once a favourite in the cooler northern America where people wanted a car that could travel through snow and wet conditions. That was taken over by Subaru to an extent. One that Saab basically never recovered from.

So even if the new, replacement Saab 9-3 came out, no one would actually know whether the cars will be accepted by the car buying public or not. I personally doubt if Saab’s claim of having a value of US$3 billion makes sense. It could be padding so that a smaller settlement wouldn’t be so small.

europe, events, other news, saab and 7 more...

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Written by Rigval
Born in 1972. Married with a kid. Loves B-road drives and have driven cars from the 1950s to date.

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