That was the first comment from the acolytes of the recently a bit depressed fansite Saabsunited, when it was announced that Victor Muller’s Spyker sued GM for $3 billion over Saab’s bankruptcy.
According to a statement by the propeller-brand, Saab’s bankruptcy was GM’s fault:
“GM’s actions had the direct and intended objective of driving Saab Automobile into bankruptcy, a result of GM’s … interfering with a transaction between Saab Automobile, Spyker and Chinese investor Youngman that would have permitted Saab Automobile to restructure and remain a solvent, going concern.”
Spyker sued for “tortious interference with economic ecpectancy” (translation: GM mucked with Saab’s deal with Youngman to protect itself from competition in China.) The suit was brought in the U.S. District Court for the eastern district of Michingan (Soutrhern Division.)
Now isn’t the aggrieved entity Saab and not Spyker? Sure it is. Saab’s new owners apparently don’t see much merit in the lawsuit. Says the press release:
“Since Saab Automobile is in receivership and hence incapable to contribute to the costs of litigation, Spyker and Saab Automobile have entered into an agreement pursuant to which Spyker will bear the costs of such litigation in exchange for a very substantial share of Saab Automobile’s award when the proceedings are successful. Spyker has secured the financial backing required to see the lawsuit through to the end from a third party investor.”