Saab :900 Turbo Convertible 1992 Automatic on 2040-cars

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GM denies Spyker claims in $3B Saab lawsuit

Reuters reports General Motors has dismissed claims by Spyker outlined in a $3 billion lawsuit. Spyker alleged GM deliberately bankrupted Saab by preventing a deal with Chinese investor Zhejiang Youngman Lotus. GM, meanwhile, filed a response with the U.S. District Court for the Eastern District of Michigan saying that as the former owner of Saab, GM had the legal right to approve the deal with Youngman. But Spyker's lawsuit claimed GM's refusal to approve the deal with Youngman stemmed from the fact that the American automaker didn't want to create a competitor in China.
GM has said the issue stemmed more from the fact that it would stop licensing its technology to Saab or stop building vehicles for the manufacturer in the event it was bought by Youngman. Since Saab built its own platform that didn't use any GM tech, Spyker says that argument is meritless.
The lawsuit has Spyker seeking $3 billion in compensatory damages, though that number could swell with interest, punitive damages and legal fees, as well. Victor Muller, Spyker chief executive, has said the lawsuit is being funded by an anonymous third party. That party will share in any settlement. Youngman has refused to comment on whether or not it's footing the legal bill.

eBay Find of the Day: 1985 Saab Turbo Limo is the ultimate high school reunion ride

Yes, we've seen this 1985 Saab 900 Turbo limo for sale before. But somehow, this time is just seems more right. And we've got more pictures this go-around.
With the Saab brand now dormant and little hope for a true renaissance, save for one that comes in name only, Saab's future must lie in the celebration of great cars of its past. And what better way to celebrate the wonderful Saab 900 than to chop it in half and turn it into a freaking limousine?
Claimed to have been built by a Denver area Saab specialist, this five-speed manual 900 Turbo is listed with a Buy It Now of $8,500. It's actually surprisingly well turned-out, too, with a pretty decent interior that sticks to real Saab seats, avoiding the crushed-velvet or button-festooned lounge chair look. While this seems rather spendy for a well-used limousine, good luck finding another one like it. And besides, that's a lot less than the $12,500 asking price from back in 2010.

Spyker and Youngman sign deal, plan to build D8 SUV and Phoenix-based range

It appears Spyker is strengthen its ties and carmaking ability with Chinese carmaker Youngman. This comes in the wake of the brand's latest dealings with a $3 billion lawsuit against General Motors regarding the demise of Saab.
Youngman is reportedly investing €10,000,000 ($12.5M USD) for a 29.9-percent stake in the company. The shares are being sold for €0.05 (6.3 cents) each, representing a fully diluted share. Youngman has said it will not take on more than the 29.9-percent stake.
Additionally, Youngman will invest €25,000,000 ($31M) for the development of an all-new Spyker vehicle, called the D8 P2P, named for the Peking-to-Paris rally. The vehicle had been shown as a concept by Spyker previously, but things had been quiet since then. It appears Spyker will now build the uniquely styled D8 Concept shown above. The vehicle is to launch at the end of 2014 and carry a price of $250,000 per vehicle.