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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’.
Mercedes S63 gets new 5.5 litre V8
Mon, 01 Mar 2010The Mercedes S63 AMG is the firts to get the new AMG 5.5 litre V8 Bi-Turbo Mercedes’ top end AMG engine has changed over the last few years. It’s gone from a 5.5 litre supercharged lump to the now ubiquitous 6.2 litre normally aspirated engine, which anomalously gets badged ’63′ throughout the cars that sit at the top of each of Mercedes big-engined ranges. But now we go back to the future with the return of a 5.5 litre V8 – admittedly a completely new engine (M571) – which this time round sports a pair of turbochargers and delivers 554 hp and 590lbs/ft of torque.
Honda plans plant for CVT builds
Fri, 03 May 2013Honda Motor Co. plans to build a $470 million factory in Celaya, Mexico, to assemble continuously variable transmissions. The factory will operate alongside a plant under construction that's scheduled to build the next-generation Fit hatchback and a Fit-based crossover.