Fiat Chrysler is in advanced discussions to forge extensive ties with Frances`s Renault, the Financial Times reported on Saturday, citing multiple people informed on the talks.

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The paper said the carmakers were seeking to join forces to tackle structural challenges facing the global auto industry. 

An agreement might ultimately lead FCA to join the Renault-Nissan-Mitsubishi Alliance in the future, some of these people added, while also warning that this outcome would mean taking a complicated path that would involve winning over Japan’s Nissan.

The paper cited Renault and FCA as declining to comment and said a spokesman for Nissan did not reply to a request for comment.