CAR giant Peugeot has confirmed a major investment to support the Glasgow Tigers speedway revolution.

The Tigers' first-ever permanent home will be named the Peugeot Ashfield Stadium.

The news comes on the eve of the 2015 speedway season and just as phase one of a £750,000 stadium redevelopment comes to fruition.

The Tigers were bought in December by Michael and Gerry Facenna, owners of specialist automotive manufacturer Allied Vehicles.

As part of the deal, the brothers also bought Ashfield Stadium, home of Ashfield Athletic FC, where the Tigers were tenants.

The junior football side now play rent-free at the stadium, with Allied Vehicles also supporting them as main sponsor.

The future of these two Glasgow sporting institutions now looks bright thanks to a stable financial footing and the dramatic makeover of their shared ground.

In just three months the stadium has been transformed with the renovation of both stands, creation of new viewing areas, improved disabled facilities, new toilet blocks and a new reception building - housing the Pit Stop Cafe & Bar, Tigers shop and club museum.

The commitment and drive shown by the Facennas has also attracted support from a growing number of business sponsors.

However, the announcement of Peugeot's involvement - its parent group, PSA Peugeot Citroёn, is one of the world's top 10 automotive giants - is seen as a major coup.

Stéphane Le Guevel, managing director of Peugeot UK, said: Peugeot has a long association with Allied and its established business converting wheelchair-accessible cars, minibuses and taxis and I am delighted to announce the expansion of this relationship.

"Peugeot is a pioneering brand, formed in 1810. Since its first car was built 126 years ago, it has sold over 60 million vehicles. It also won the first-ever recorded motorsport event in 1894 - 121 years ago.

"Over the years, Peugeot has become world-renowned for making cutting implements, grinders, then cycles, motorcycles, scooters and an extensive range of motor vehicles, so it is appropriate, through Allied Vehicles and the Facennas, that we support them and other forms of motorsport."

Gerry Facenna said: "When my brother Michael and I decided to take on the challenge of saving speedway in Glasgow, we were determined to do it professionally. First and foremost this means providing much-improved facilities for spectators and competitors.

"That's why it was so important first to acquire the stadium and then to create a modern sporting arena of which both speedway and Glasgow can be proud.

"Having Peugeot on board is a massive boost for the Tigers project and we're delighted to have its support with the new Peugeot Ashfield Stadium."

Facenna added that he is committed to building a winning speedway team, and to working with the football club and local partners to create further sporting facilities and youth development opportunities at Ashfield.

D-Day for project Tiger is this Sunday when the speedway season opens with an intercity derby against hot rivals and defending British Premier League champions, the Edinburgh Monarchs. Tapes-up is at 3pm.