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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 Convertible coming

Porsche are planning a 2 door Panamera Convertible That new Porsche 928 now looks an even more likely possibility after Automotive News reported that Porsche are looking to make a convertible Panamera. But it won’t be a four door convertible, but a two door. The report says that is to help with rigidity (we buy that) and to keep weight down (yeah, just like they have on the saloon), but what it does mean is that Porsche could easily engineer a fixed-roof, shortened Panamera to create a high-end GT in the style of the 928.

Jaguar XFR – the Cat’s out of the bag

The XFR is Jaguar’s answer to the barn-storming saloons from Mercedes, BMW and Audi, and if looks and spec (and the experience of driving the non-blown XF) are anything to go by, the new big Cat should get the cream. The XFR gets the new version of Jaguar’s AJV8 engine, which is a 5.0 litre supercharged lump, producing a whopping 510bhp, with the usual limited top speed of 155mph, and a 0-60 of around 4.5 seconds. The New Jaguar XFR surfaces ahead of Detroit Visually, the XFR gets the ‘Aggressive’ look, with big, chrome-trimmed air inlets at the sides (a Jaguar theme?