PSA has dismissed reports that it might adopt a single management structure for its Peugeot and Citroen brands.
Reuters cites a weekly magazine in France as reporting that PSA may pool procurement, promotional activity and overseas units in a bid to save costs.
A spokesman told AM: "I can assure you that this is not a strategy being considered by the company's board."
PSA yesterday announced that its global vehicle sales fell 8.7% in 2008, although it maintained its market share at 5%.
The group said it had managed to keep stocks down to 2007 year-end levels, and as 70% of vehicle sales depended on credit it was imperative for the financial markets to return to normal business.
In France, PSA is cutting a shift at its Sochaux plant to stem production of its 308 saloon.