F&I Management & Training

Ridgeway Group has renamed the two Volkswagen sites it acquired from Motorworld as Ridgeway Oxford and all staff have transferred across as part of the deal.

The takeover, which also includes Motorworld’s preparation and bodyshop at Enstone just outside the city, increases Ridgeway’s Volkswagen sites to five – the two Oxford dealerships joining Newbury, Reading and Wantage.

Currently ranked as the 25th largest motor retail group by in the AM100, Ridgeway already runs Audi and Skoda franchises in Oxford and has Mercedes-Benz passenger car and commercial vehicle operations, as well as a Smart retailer across the south coast.

Ridgeway’s total workforce has now increased from 650 to 740 employees as a result of the acquisitions.

David Newman, Ridgeway group chairman, said: “The acquisition of the two Oxford sites is a perfect strategic fit for us in terms of their locations being contiguous to our existing businesses.”

John O’Hanlon, Ridgeway chief executive, said: “In terms of excellence and experience, we have inherited superb teams at both our new sites.

“We welcome them all to the Ridgeway family and look forward to them providing customers with the outstanding levels of service that our Group is renowned for.”

DATED: 29.01.10

FEED: AM