SIMON Bailes Ltd, one of the regions leading Peugeot dealers, has made a major investment in Teesside with the acquisition of Arriva Peugeot's Stockton dealership.

The deal, which will be finalised today, will save 34 jobs at the dealership and create a further 20. The announcement comes on the back of the unprecedented success of Simon Bailes' two other dealerships in Northallerton and Guisborough.

Managing director Simon Bailes said: "This expansion opportunity is fantastic news for the business, the team and our customers. We are delighted that we can now carry this reputation further across the region."