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Group 20 supercar club wound up by court

By 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’.

Porsche Panamera cockpit exposed prior to auto show debut

Porsche continued its slow striptease reveal of the Panamera sedan on Thursday with the release of photos of the interior. The Panamera goes on sale in the United States on Oct. 17, Porsche said.

Government urged to cut fuel duty

CAMPAIGNERS are pressing the Government to cut fuel duty by 3p a litre. The FairFuelUK campaign has taken credit for a series of fuel duty freezes over recent months. Today, a week ahead of the Budget, the group is presenting a letter to 10 Downing Street calling for a 3p cut.