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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’.

2011 BMW 1 Series Facelift

The BMW 1 Series Coupe & Convertible get a 2011 Facelift To be entirely accurate, the 2011 BMW 1 Series Facelift isn’t across the board – at least not yet. What we are getting – at the Detroit Motor Show next month – is a modest refresh to the cosmetics on the BMW 1 Series Coupe and BMW 1 Series Convertible plus a bit of an oily tweak. On the cosmetic front the 2011 1 Series gets some new light front and back – headlight tweaks, L-shaped tail lights and LEDs front and back – and a new splitter that BMW says creates an air curtain to improve CO2 and reduce drag.

Saab: Turkey’s Brightwell Holdings & China’s Youngman vie for Saab

Will Saab end up in Turkish or Chinese hands? Despite its bankruptcy, it seems China’s Youngman and Turkish equity form Brightwell Holdings ar planning on staging a bid. Saab may be bankrupt – and its car heritage from the Saab Museum up for sale – but that hasn’t stopped interest in Saab as a viable car maker from prospective suitors.