Fiat Chrysler Automobiles (FCAUGet Report) and Renault  (RNO)  of France are reportedly discussing a major “tie-up,” reported the Wall Street Journal and the Financial Times on Saturday afternoon.

Both accounts relied on sources familiar with the talks. An email seeking comment from Renault was not immediately returned to TheStreet, and a spokesperson for Fiat Chrysler said by phone that “we are declining to comment on these stories.”

A deal could end up also including the Renault-Nissan-Mitsubishi Alliance, reported the Financial Times, noting the saga involving the arrest of Nissan’s former chairman Carlos Ghosn in Japan.

The Financial Times also said the companies were in the talks to “tackle the structural challenges facing the global auto industry.”


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