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Vertu Motors Plc

Vertu Motors to invest nearly £1m in electric car charging

Vertu Motors is set to invest £800,000 in electric vehicle charging facilities this year as it prepares for expansion of carmakers’ hybrid and electric car ranges.

Chief executive Robert Forrester told AM that Vertu’s property department has planned for each individual installation, in terms of the capacity and timing of installations.

The investment has already been signed off by the board. The rollout will correspond with carmakers’ own schedules for EV sales preparations.

“It’s a big amount of money, but clearly it is important, and it is tightly controlled,” Robert Forrester said .

Vertu Motors Plc (LON:VTU) operates as an automotive retailer in the United Kingdom. The company sells new cars, motorcycles, commercial vehicles, and used vehicles, as well as provides related aftersales services. It operates a chain of franchised motor dealerships under the Bristol Street Motors and Macklin Motors brand names.

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