PARIS (Reuters) -- PSA/Peugeot-Citroen and Dongfeng Motor Group have signed a memorandum of understanding to proceed with a planned 3 billion euro ($4.1 billion) capital tie-up, a source with knowledge of the matter said today.
The non-binding deal was signed after PSA's board approved the tie-up, said the source, who declined to be identified ahead of a deal announcement scheduled for Wednesday.