BMW suing Saab Automobile Parts for $3.2M
In 2012, Saab Automobile AB signed an agreement BMW that would see the German automaker deliver four-cylinder gas engines for its 9-3 range.
The suit also asserts that Saab ordered a large number of spare parts, and no payments were made to BMW. At the time, Saab was far from liquid, and filed for bankruptcy in December of last year.
Though Saab was left with assets that totaled $500 million, the Swedish automaker's debts amounted to $2 billion, a part of which include the unpaid BMW deliveries.
According to the report, Lennart Stahl, CEO of Saab Automobile Parts AB has said "Our lawyers will now go through the lawsuit carefully and see if anything new has been added before we decide hat to do." This only adds to the fallout from the Saab closure. Recently, Saab's owner, Spyker filed suit with General Motors for $3 billion, claiming that the U.S. automaker, through its leadership, played a large part in bankrupting the brand.
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