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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’.

MG announces £99 per month MG3 finance packages

MG HAS announced that the new MG3 will be available from £99 per month, regardless of trim level chosen. Fully flexible PCP finance will allow buyers to choose to pay a deposit of their choice – even zero deposit – and spread the resulting costs out over three years. To secure the £99 per month payments, buyers of the entry-level £8,399 3Time model will have to place a £2,605 deposit.

Škoda 2013 Octavia

The 2013 Škoda Octavia has been unveiled ahead of its world debut at the Geneva motor show in March. Škoda design chief Jozef Kabaň and his team completely redesigned the outgoing second-generation model and it has grown in length and width by 90 mm and 45 mm respectively. The wheelbase has also grown by 108mm, making more room for the occupants inside.