Dutch sports car maker Spyker NV's $3 billion lawsuit accusing General Motors Co. of trying to bankrupt Swedish automaker Saab was dismissed by a U.S. federal judge yesterday who said the U.S. automaker had the right to block the sale of a company using its technology, Reuters reported yesterday. 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. "General Motors had a contractual right to approve or disapprove the proposed transaction," U.S. District Court Judge Gershwin Drain said. "The court is going to grant the motion to dismiss the matter."
