Saab parent's US$3b lawsuit versus GM thrown out by US judge

DETROIT: Dutch sports car maker Spyker NV's US$3 billion lawsuit accusing General Motors Co of trying to bankrupt Swedish automaker Saab was dismissed by a U.S. federal judge on Monday who said the U.S. automaker had the right to block the sale of a company using its technology.

Spyker sued GM in August 2012, seeking damages and accusing the U.S. automaker of trying to stop a deal with Zhejiang Youngman Lotus Automobile Co and eliminate a potential rival in the growing Chinese market.