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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 explained in greater detail

Porsche has revealed previously undisclosed details of its new Panamera ahead of a planned public debut at next month's Shanghai motor show. On sale in North America on Oct. 17, the first-ever Porsche sedan will cost more than the BMW M5 and the Mercedes-Benz CLS63 AMG, with prices starting at $89,800 for the base rear-wheel-drive Panamera S and rising to $93,800 for the four-wheel-drive Panamera 4S.

London Congestion Charge jumps 15% to £11.50 a day

London Congestion Charge jumps 15% to £11.50 a day – and even a normal Prius must pay We all moaned when the London Congestion Charge zone was put in place in 2003 and we had to pay £5 a day to drive in London during the day on weekdays. But it’s gone up a bit since then. By 2011, it was costing twice as much – £10 a day – for the dubious privilege of driving in London, but having resisted the temptation of putting the price up for the last three years, Transport for London has announced it will be charging 15 per cent more from 7am on 16 June 2014 for your daily commute – that’s a whopping £11.50.