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Spyker's $3B lawsuit against GM for blocking Saab sale thrown out

US District Judge Gershwin Drain has dismissed a $3-billion lawsuit Spyker filed against General Motors. In the suit, Spyker accused GM of attempting to bankrupt Saab after the US automaker had already sold the company to Spyker. GM in effect blocked the sale of Saab to China's Zhejiang Youngman Lotus Automobile Company by prohibiting the transfer of some of its intellectual property. But the court found that GM had a "contractual right" to approve or disapprove any change of ownership. Furthermore, Reuters reports Judge Drain said the contract between GM and Spyker "is clear, unambiguous and absolute" on the matter.
GM, meanwhile, says it is pleased with the ruling. Spyker CEO Victor Muller has not said whether or not his company will appeal the ruling. The Dutch automaker is expected to make a final decision once the court issues its written order on the case.
You can read the official Spyker press release about the court ruling below for more information.

One-off 1997 Saab 900 EX prototype headed to auction

An obscure and fascinating part of Saab's history is looking for a new home. The one-off 1997 900 EX was built in Norway to celebrate the company's 50th birthday, and while it was not approved for production it shows what a sporty, 900-derived coupe could have looked like. British auction house Bonhams explains that Per Ekstrom, an auto body expert and enthusiast according to The Drive, worked closely with Saab and Norwegian road authorities to create the 900 EX. His goal wasn't merely to create an eye-catching coupe that's pretty to look at but impossible to drive; he wanted the model to be street-legal and drive like a regular-production car. The auction description notes that the 900 EX was built by experienced professionals with Saab's blessing and that the process required between 3,000 and 4,000 hours of work. The end result is stunning. While the headlights and the grille create a strong visual link between the EX and the second-generation 900, which enthusiasts often refer to as the GM900, the roof line has been lowered by nearly three inches and the body has been considerably widened thanks in part to 9000 CS-sourced front and rear wheel arches. We're told that the rear window comes from a 900 Cabriolet's soft top and that the hatch is a modified panel sourced from a standard 900, though pictures of the back end haven't been released as of writing. Bonhams describes the build quality as "exceptional" and says that the panel gaps are better than those seen on many modern cars. It adds that the red and gray paint (which is a tribute to the combination often seen on the 900 SPG) is original and "in close to perfect condition."  The interior is largely standard 900 fare. There's wood trim, leather upholstery, a three-spoke steering wheel, and the big knobs and buttons that characterized Saab models for decades. The brand designed the switchgear so that it could be easily operated by someone wearing gloves. The odometer displays about 141,600 kilometers, which represents approximately 88,000 miles, though Bonhams pegs the engine's mileage at around 154,000 kilometers (roughly 95,600 miles). Most of the miles were reportedly added before engine ended up in the EX. Speaking of the engine, power comes from a 2.3-liter turbocharged four-cylinder sourced from Saab's regular-production parts bin and tuned to send 220 horsepower to the front wheels. It's bolted to a five-speed manual transmission.

GM recalls 500K Chevy Camaros for ignition-switch defect

General Motors issued a recall for more than a half million Chevrolet Camaros on Friday morning because of an ignition-switch safety hazard that mirrors the one at the center of the company's current crisis.
The problem affects Camaro models from the 2010 to 2014 model years. Approximately 464,712 cars are impacted in the United States, and 511,528 overall in North America. GM will alter the Camaro key to a more standard design, and will notify car owners with a recall notice in the mail.
In an announcement, the company said the ignition switches on the Camaros are fundamentally different parts than the older ignition switches found on defective cars that are responsible for killing at least 13 people and causing 54 crashes.