New York (CNN Business) Fiat Chrysler and Renault could be headed for a game-changing partnership.

A close-knit partnership with FCA could give a massive boost to Renault's business in North America, where FCA already has a large manufacturing and customer base selling car brands like Jeep, Dodge and Chrysler.

Reports cautioned that a deal is not yet final and talks could still fall apart.

FCA and Renault declined comment to CNN Business.

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