Government urged to accelerate review of ‘disruptive’ EV sales targets Motoring A leading London-listed car dealership has called on the government to speed up its review of electric vehicle sales targets, which it said “disrupts” the car sales market. AIM-listed Vertu Motors has said the Zero Emission Vehicle (ZEV) mandate scheme is hitting its profits and “distorting” its volumes and margins. The scheme was brought in [...]
Vertu Motors lands multi-million payout from JLR cyber-attack Markets Vertu Motors has landed a multi-million pound payout after suffering from the disruption caused by a cyber-attack at Jaguar Landrover. The AIM-listed car dealership said it was able to agree a £3.9m business interruption claim from its insurers after the attack “disrupted JLR vehicle supply, parts availability and connected systems used by JLR franchised retailers.” [...]
Vertu Motors: Profit at car dealership giant falls as UK sales stall Transport and infrastructure Profit at car dealership Vertu Motors reversed during the first half of its financial year as UK sales of new cars stalled. In interim results filed with the London Stock Exchange, Gateshead-headquartered Vertu Motors reported a pre-tax profit of £22m for the six months to 31 August, 2024, down from the £30.1m it achieved in the [...]
Vertu Motors warns on profit as UK’s new car market hits the brakes September 2, 2024 Chief executive Robert Forrester insisted he was "pleased" with Vertu's performance, despite a slowdown in new car sales.
Vertu Motors warns of volatility in new car market despite ‘positive’ trading June 25, 2024 Vertu chief executive Robert Forrestor said he was "pleased to report that trading remains positive" despite concerns over the ZEV mandate.
Vertu Motors enjoys record revenue after bumpy year May 15, 2024 Used car dealership Vertu Motors saw revenue and pre-tax profit rise in its annual results after a bumpy previous year forced the firm to issue a profit warning.