PSA Peugeot Citroen is remaining tight-lipped it has secured a deal that could see up to EUR3bn (US$4.1bn) injected into the automaker following a board meeting yesterday (19 January).

Speculation in France is centering on a possible deal that would see PSA’s Chinese partner, Dongfeng and the French State put EUR750m each on the table, with the manufacturer undertaking a  rights issue for the remaining finance.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“Yesterday, there was a board meeting of PSA and we do not usually comment on that,” a PSA spokeswoman in Paris told just-auto. “We announced on 12 December discussions with Dongfeng and other possible partners to have an industrial and commercial partnership.

“Simply, the discussions on the partnership with Dongfeng continue and other partners perhaps too. We do not comment on the board meeting.”

PSA’s annual results are due on 19 February.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact