Hot Off The Presses: Youngman Might Also Sue GM Over Saab

Bringing suit against GM for not letting Saab live another day could be turning into a popular sport. Lars Holmqvist, former head of Europe's automotive supplier body CLEPA, and as such an insider when it comes to the latest Saab dirt, says that spurned Youngman of China is also thinking of suing GM. Yesterday, Victor Muller made headlines and invigorated the dwindling and already slightly despondent fan-base by filing a $3 billion lawsuit against GM for tortuous interference. Muller might be joined by Rachel Pang of Youngman, Holmqvist told just-auto.: "Youngman is also thinking about suing GM. I know that. They have not made up their minds and, of course, they would be encouraged by Victor Muller's lawsuit. I have information. I know from people…they are looking into the possibility. It is obvious because they spent SEK550m…securing the rights to the new platform." 550 million Swedish Crowns is $82 million, and knowing the Chinese they absolutely HATE to see money spent for nothing. Muller is using someone else's money for the lawsuit, the identity is kept a secret. Holmqvist seems to know the financier, but he is not talking. What Holmqvist says is that the moneyman is not embattled Russian banker Antonov: "It is not Antonov. Muller would not be stupid enough to trace anything back to Antonov. The whole Antonov story is finished." Holmqvist suggest not to take the legal maneuvering lightly, and he reminds us the Muller is smart and a lawyer. Granted, Muller definitely is a better lawyer than carmaker, but in the words on one of my former Manhattan lawyers who's name is kept undisclosed to prevent him from being disbarred: "Bertel, half of the lawyers lose."     from The Truth About Cars http://www.thetruthaboutcars.com

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