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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’.Tue, 06 May 2014 00:00:00 -0700
By Damion Smy Motor Industry 06 May 2014 15:51 Alfa Romeo has confirmed the news first broken exclusively by CAR in July 2013: the Italian brand will make a dramatic shift from front-drive hatches like the Mito and Giulietta, and instead develop a new range of rear- and all-wheel sports saloons, SUVs and sports cars. Announced in Detroit at Fiat-Chrysler HQ, Alfa Romeo chief technology officer Harald Wester revealed the mantra for the brand includes pushing volumes up from 74,000 sales in 2013, to around 400,000 by 2018. Alfa Romeo is investing around €5bn in the project, the first fruits of which will be the new Giulia saloon, a 3-series rival that will go on sale in autumn 2015.Read our scoop of Alfa's strategy here That’s right.Fri, 19 Apr 2013 00:00:00 -0700
Toyota Motor Corp. plans to invest $360 million to bring production of the Lexus ES sedan to Kentucky, making it the first model from Toyota's premium brand to be built in the United States as the carmaker pushes to localize more manufacturing. Under the plan announced Friday in New York by CEO Akio Toyoda, Toyota will boost annual capacity at its Georgetown, Ky., plant by 50,000 vehicles to accommodate ES output.
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