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Fiat Chrysler Automobiles is seeking more than $7 billion for its car-part unit Magneti Marelli in exclusive sale talks with a supplier owned by KKR, Bloomberg reported.

Pioneer secured a bailout worth up to $540 million from Baring Private Equity Asia, after failed bets on car navigation and audio systems saddled it with debt and pushed it into the red.

Nissan has stopped building the Pulsar hatchback for Europe and will end production of the Almera sedan in Russia later this year.

Three years after admitting to cheating diesel-emissions tests, Volkswagen is still struggling to escape the scandal as it faces another wave of claims from investors and customers. Current and former executives remain under investigation.

Volkswagen warned that ambitious plans to offer an electric version of each model will cost more than it estimated, forcing the carmaker to deepen an efficiency push to meet the spending demands.