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Group 20 supercar club wound up by court
Fri, 05 Jun 2009By Peter Adams (third photograph by Medway Messenger) Motor Industry 05 June 2009 14:54 Another supercar club has reached the end of the road, joining a growing list of top-end supercar rental businesses that have collapsed in the recession. Group 20 has been wound up by the courts, along with sister car finance companies Vehicle Options Ltd and Vehicle Options Fleet Ltd.All three companies were investigated by the Insolvency Service after complaints, CAR can reveal.Group 20 supercar club: what went wrong?The supercar club started trading in 2006 and used a network of franchisees to sell membership to the club. Over time, Group 20 expanded to boast a rental list of exotica worth around £2 million; local newspaper reports in the Medway Messenger reveal Group 20 boasted a Lamborghini Gallardo, Porsche 911, Bentley Continental GTC and, most impressively, a Zonda F Roadster on its books.However, the Companies Investigation Branch of the Insolvency Service found that Group 20 and its parent company had numerous ‘misleading business practices’.
Volvo Emissions Equality Campaign – Great move
Thu, 15 Jul 2010The Volvo V70 - less polluting than a Fiat 500 Whenever we get the opportunity – as regular readers will know – we complain about the current obsession with CO2 emissions on cars and call for car makers and Governments to act on the emissions which actually matter – NOx, hydrocarbons and particulates (and here, and here, and here and…). And it looks like Volvo agrees. Volvo are launching the ‘Emissions Equality Campaign to get car buyers to consider the whole picture when it comes to car emissions and not just look at the figure for CO2, which buyers have been brainwashed in to thinking matters (our view of CO2 – not Volvo’s).
GM to invest $2 billion in 17 plants
Tue, 10 May 2011General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.