PSA Group

Vauxhall owner to invest €30bn in electric cars

Stellantis, which also owns Peugeot and Fiat, will invest the money on cars and battery factories by 2025.

The owner of the Ellesmere Port factory, which employs about 1,000 workers, is in talks with the government.

Vauxhall's parent company has previously said its fate depends on the government's commitment to the car industry.

Vauxhall's parent company warns it will no longer invest in pure diesel or petrol cars at Ellesmere Port.

The deal will create the world's fourth biggest car maker and lead to major savings for the new group.