Staff at the Volkswagen, Audi and Seat dealerships of Richard Alexander Group are meeting their new owners, Sytner Group, this morning.

AM reported on Friday that the Yorkshire dealer group was close to collapse, and that Volkswagen Group had lined up Sytner or JCT600 to take the business over.

Richard Alexander Group had closed a VW outlet at Otley in mid-November. The company's supply of new cars from Volkswagen had been put on hold early last week after concerns about its future viability.