Vertu Motors Announces Job Cuts, Cost-Saving Measures

Vertu Motors, a UK car retailer, announces job cuts and cost-saving measures amid governments electric vehicle mandate. Despite headwinds, the company reports strong trading with overall revenues growing 3.3% and service revenues rising 4.8%. Used car sales held up well, while aftersales remain a bright spot. Vertu also acquired Leicester Skoda, opened Nottingham Skoda, and sold Huddersfield Honda. Chief executive Robert Forrester expects moderate profit gains ahead. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4e73b6b529a5d37e