Connect to share and comment

Saab shares soar on fighter jet deal with Brazil

The shares of Swedish defence and security group Saab soared more than 23 percent on Thursday after the group securing a contract to supply its Gripen fighter jets to Brazil. Saab's B share, which represents around 50 percent of the company's capital, was up by 24.44 percent in Stockholm's stock market at 1050 GMT. The increase generated a 2.2-billion-kronor (246 million euros, $337 million) surge in the company's market value. The shares had opened with a 30.17 percent rise.

Saab parent to appeal dismissal of $3 billion lawsuit vs GM

DETROIT (Reuters) - Dutch sports car maker Spyker NV <SPYKR.AS> said on Thursday it will appeal a U.S. judge's decision to dismiss its $3 billion lawsuit accusing General Motors Co <GM.N> of trying to bankrupt Swedish automaker Saab. Spyker, which now owns Saab, said in a statement posted on the company's website that it would appeal the decision following a "careful review" of the court's opinion. No further details were disclosed and Spyker Chief Executive Victor Muller was not immediately available to comment.

Dutch Spyker to appeal US court nixing claim against GM

Dutch car builder Spyker on Thursday said it will appeal the dismissal of its $3.0 billion (2.2-billion-euro) claim in a US court against General Motors, which Spyker accuses of deliberately bankrupting Sweden's Saab in 2011. "Spyker... shall appeal the ruling of the District Court for the Eastern District of Michigan," in favour of GM, the plaintiff car group Spyker said in a short statement from its headquarters in the central Dutch town of Zeewolde. It did not give any further details. Spyker filed a lawsuit in August claiming $3 billion in damages.

US court rejects Spyker's claim against GM

A US court has dismissed a $3.0 billion (2.2-billion-euro) claim against General Motors, accused of deliberate action to bankrupt Sweden's Saab in 2011, the plaintiff Dutch car group Spyker said in a statement. "Spyker announces that the District Court for the Eastern District of Michigan...ruled in favour of the defendant GM," Spyker said in a short statement late on Monday. Spyker filed a lawsuit in August claiming $3 billion in damages.

US court rejects Spyker's claim against GM

A US court has dismissed a $3.0 billion (2.2-billion-euro) claim against General Motors, accused of deliberate action to bankrupt Sweden's Saab in 2011, the plaintiff Dutch car group Spyker said in a statement. "Spyker announces that the District Court for the Eastern District of Michigan...ruled in favour of the defendant GM," Spyker said in a short statement late on Monday. Spyker filed a lawsuit in August claiming $3 billion in damages.

Saab parent's $3 billion lawsuit versus GM thrown out by U.S. judge

By Ben Klayman DETROIT (Reuters) - Dutch sports car maker Spyker NV's <SPYKR.AS> $3 billion lawsuit accusing General Motors Co <GM.N> 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.

Judge sides with GM, dismisses Dutch car maker Spyker's lawsuit over Saab sale

DETROIT - A federal judge has 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.

Former Saab chairman to be questioned in Swedish tax inquiry

STOCKHOLM (Reuters) - Former Saab Chairman Victor Muller will be called in to answer questions related to a Swedish inquiry into alleged tax offences at the bankrupt carmaker, the country's Economic Crime Authority said on Tuesday. Muller, chief executive of the Spyker <SPYKR.AS> sports-car group that bought Saab from General Motors in 2010, is not suspected of wrongdoing.

Former Saab executives arrested on accounting fraud charges

STOCKHOLM - A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof Sahlgren says the three are "suspected of aggravated attempts to avoid tax controls" by allegedly falsifying parts of Saab's accounts between 2010 and 2011 — a crime that carries a sentence of up to four years in prison. Sahlgren wouldn't identify the three, who worked for Saab while it was owned by Dutch luxury car maker Spyker, which had bought the Swedish company off General Motors.
Syndicate content