Peugeot's owner confirms £1.9bn takeover of Vauxhall/Opel

Vauxhall and its continental sister brand Opel will become part of the same company as Peugeot and Citroen, the company confirmed today.

The deal, worth a total of £1.9bn, is expected to be completed by the end of 2017, and will see the PSA Group become Europe's second-largest car manufacturer, with a 17 per cent market share.