The Traderszone Network

Published in TZ Latest News 24 October, 2014 by The TZ Newswire Staff

U.S. appeals court rules for GM over Spyker’s Saab sale

Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company’s effort to sell Saab to Zhejiang Youngman Lotus Automobile Co, leading to Saab’s bankruptcy. GM had sold a majority of Saab to Spyker in 2010.