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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’.

Chevrolet Volt chief leaves GM

A key driver of the Chevrolet Volt project is defecting to start his own consulting firm, according to published reports. Volt chief Bob Kruse, 50, has left General Motors. He's been replaced by GM engineering veteran Micky Bly, who has also been involved with development of the Volt.

Renault cuts back UK range, axes Laguna, Espace, Modus

Renault UK today announced a dramatic shake-up of its range – it's axing all sales of the Laguna, Espace, Modus, Wind and Kangoo in the UK from February 2012. It's part of a big drive to improve profitability in Great Britain. It plans to stop the majority of its rental and Motability sales to improve profitability.