Sad to see, but can’t say I’m too surprised. A judge has dismissed Spyker’s $3billion lawsuit against General Motors.
From Business Week:
DETROIT (AP) — A federal judge on Monday dismissed a $3 billion lawsuit filed by Dutch car maker Spyker against General Motors Co.
Spyker sued GM last August, accusing it of unfairly blocking a deal to let a Chinese buyer take over Swedish carmaker Saab.
GM sold Saab to Spyker in 2010. Saab filed for bankruptcy protection less than a year later after GM blocked its sale to a Chinese automaker.
GM asked U.S. Judge Gershwin Drain to dismiss the suit, saying it had the right to protect its intellectual property. Spyker argued that the deals didn’t involve GM’s proprietary technology. Drain sided with GM and dismissed the lawsuit.
Spyker said in a statement that it will decide whether to appeal after reviewing the judge’s ruling.
It was always a longshot.
I don’t hate much in this world, but pretty much anything by GM makes that list. The Corvette fares best, registering mere disinterest. Unfortunately, hate doesn’t win lawsuits, especially very arguable ones posed in the defendant’s backyard.
I hope Spyker weren’t banking on this for their future operations. That B6 Venator looks sweet and I hope they get to make it some day. It’s on my if-I-win-lotto list.