P&A Providers & Administrators
MenuMENU
SearchSEARCH

Court Tosses Saab Suit Against GM

October 27, 2014
2 min to read


WASHINGTON — A federal appeals court on Friday upheld a decision to dismiss a $3 billion 2012 suit brought by Dutch carmaker Spyker Cars NV against General Motors Co. for blocking its sale of Saab Automotive AB to a Chinese buyer, reported The Detroit News.


The suit contended that GM — which sold its struggling Swedish car unit Saab for $74 million in February 2010 to Spyker — forced Saab into bankruptcy in December 2011.

Ad Loading...


The appeals court said GM’s public statements raising questions about the transaction weren’t wrongful or malicious — and were legitimate expressions of concerns about the deal.


“In its public statement, GM openly cited its concern that the sale ... would be detrimental to GM and its shareholders as the basis for not consenting,” Judge Eugene E. Siler Jr. wrote for the unanimous three-judge panel.


“GM reiterates on appeal that it was concerned about who owned Saab while using GM technology and, more broadly, who would receive the benefit of Saab’s use of GM’s technology, brand, and goodwill. Because GM was motivated by legitimate business concerns ... its statements do not constitute improper motive or interference,” Siler wrote.


The owners had argued GM tried to sabotage the deal.


“GM created the appearance of initially encouraging Saab to enter into a deal with Chinese investors to save the company, only later to unlawfully pull the rug out from under Saab, driving it into bankruptcy liquidation,” the suit says.

Ad Loading...


“Indeed, it was GM’s intent by whatever means necessary to quash any financing or investment deal that could save Saab from liquidation, because GM simply sought to eliminate Saab from competition, particularly in the Chinese automobile market.”


In October 2012, on the brink of liquidation, Saab agreed to sell itself to two Chinese companies for about $140 million in exchange for $600 million in funding to keep the company afloat.


Saab’s sales fell from 49,000 in the United States in 2003 to 5,800 in 2010. There are 1.5 million Saabs on the road worldwide, including 300,000 in the United States.

More Industry

Orange electric vehicle charging station.
Industry•by Lauren Lawrence•October 20, 2026

Charger Network Growth Slows

Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.

Read More →
Fan of $100 bills atop a white envelope
Industry•by Hannah Mitchell•October 13, 2026

Lenders, Consumers Take on More Auto Loan Risk

September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.

Read More →
Red type R Honda civic parked on road.
Industry•by Lauren Lawrence•October 13, 2026

Next-Gen Hybrids in Sight

Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.

Read More →
Ad Loading...
Dodge ram emblem on orange vehicle exterior
Industry•by Hannah Mitchell•October 6, 2026

Gem State Stores Change Hands

A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.

Read More →
Graphic of model car driving on fake road.
Industry•by Lauren Lawrence•October 6, 2026

Charging In Motion

Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.

Read More →
front grill of a Ford truck with blue Ford emblem
Industry•by Lauren Lawrence•September 30, 2026

Twin Cities Stores Sell

Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.

Read More →
Ad Loading...
Diesel engine on a production line in a factory
Industry•by Hannah Mitchell•September 29, 2026

U.S. Auto Sales Still Below Prepandemic Levels

Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.

Read More →
Front of red tesla car.
Industry•by Lauren Lawrence•September 22, 2026

The Powertrain Shift

Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.

Read More →
White BMW SUV driving on road.
Industry•by Hannah Mitchell•September 15, 2026

Achromatic Autos

The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.

Read More →
Ad Loading...
Line of eclipse SUVs in parking lot.
Industry•by Lauren Lawrence•September 15, 2026

Used-Vehicle Affordability Worsens

Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.

Read More →