Monday 06 August 2012 -Dutch car-maker Spyker is suing General Motors for $3bn in compensation for frustrating a deal between itself and Chinese investor Youngman, reports the NRC.

According to Spyker, then called Swedish Automobile, the deal could have prevented the bankruptcy of Saab.

'The actions of GM had as direct and conscious aim the bankruptcy of Saab Automobile,' Spyker says on its website.

General Motors refused to comment to news agency Reuters.

Take-over

The take-over of Saab from General Motors in early 2010 by Dutch entrepreneur Victor Muller was never a success. Saab declared bankruptcy in December 2011 and this was accepted when it became apparent General Motors would block a deal with Youngman.

The American car-maker thought the deal would damage its own interests in China. It could block the deal because it still owned several of the Saab models.

Swedish Automobile changed its name back to Spyker earlier this year, saying it would refocus on its luxury sports cars.

DutchNews