auto News Updates

The two nations are working on the details of an agreement that would cut U.S. tariffs on light vehicles to 15% from the current 25%.

CEO Doug Campbell says his firm is hunting for new financing to jump-start operations. America’s Car-Mart last week reported a 52% plunge in inventory and a 27% drop in car sales.

Former Tricolor Holdings Chief Operating Officer David Goodgame pleaded guilty to fraud charges stemming from the used-car dealer and lender’s collapse in 2025.

Separately, the company began laying the groundwork for a potential Chapter 11 filing, as it operates under an extended forbearance through June 12 with lenders.

While the Detroit Auto Show has scaled back dramatically from its heyday, it still drew 275,000 attendees a year ago. And it is leaning into interactivity.

Scott Painter, who started TrueCar in 2005 and took the company public, will return as CEO after the transaction closes.

Trump’s tariffs have cast a chill over the Canadian automotive sector, but have also affected U.S.-based companies.

The measures underscore the pressures on the German auto industry, which is reeling from sluggish demand in Europe, the cost of tariffs and rising competition from Chinese manufacturers.

The financing fueled investor concerns before the auto parts supplier fell into bankruptcy.

The filing caps weeks of turmoil sparked by creditor concern over the auto supplier’s use of opaque off-balance sheet financing.