Spyker, the Dutch supercar maker and owner of Saab, is suing General Motors for $3 billion on behalf of Saab Automobile. They are accusing GM of interfering with a potential deal with a Chinese investor that could have saved Saab.
Saab stopped production in May 2011 when they could no longer pay their suppliers and employees. They then declared bankruptcy later in the year in December. If Saab would have reached a deal with the Chinese investor, Spyker says that Saab would have been able to restructure and remain in business.
Spyker says the $3 billion amount is based on what Saab would have been worth if the deal with the Chinese investor would have gone through.