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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’.
New Ford Technical Support Center focused on motorsports
Thu, 15 May 2014Ford is opening a new technical and racing support center in Concord, N.C. The compound will be fully operational this summer, supporting racing teams as they develop and test their cars. The 33,000-square-foot building will eventually help in development of future Ford performance vehicles.
A Very Merry F1 Christmas!
Thu, 25 Dec 20082008 has been a pretty eventful year in Formula 1. Lots of highs and lows; arguments over penalties for some drivers and not for others; new venues with stunning facilities and some pretty impressive racing to boot. Which should give F1 Supremo Bernie Ecclestone some great options for his annual Christmas card to close friends.