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$3 Billion Spyker Lawsuit Against GM Is Dismissed
The Associated Press
A U.S. judge has dismissed a $3 billion lawsuit filed by Dutch carmaker Spyker against General Motors Co.
Spyker sued GM in 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 after GM blocked its sale to a Chinese automaker.
GM asked the judge to dismiss the suit, saying it had the right to protect its intellectual property. Spyker argued that the deals didn't involve GM's proprietary technology.
Spyker said it will decide whether to appeal after reviewing the ruling.
Saab's assets were bought out of bankruptcy by National Electric Vehicle Sweden, a Swedish company with Chinese financial backers that is developing electric cars.
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