U.S. and Chinese officials announced a 90-day pause on steep tariffs imposed upon each other’s exports, including vehicles and parts, in a sudden de-escalation that could lead to a long-term agreement. +

The United States and the United Kingdom have agreed to a new trade deal that will lower U.S. import taxes on up to 100,000 U.K.-built vehicles per year from 25% to 10%. +

More than 1,700 New Yorkers who bought out leases arranged at eight Nissan dealerships will get a share of a $3.2 million settlement the dealers reached with Attorney General Letitia James. +

Chairman Jerome Powell says the Federal Reserve will not reduce its target lending rate, holding at 4.25% to 4.5% as evolving economic and trade policies make future conditions difficult to predict. +

Group 1 Automotive reported a 5% increase in F&I profit per vehicle in the first quarter, leading the six biggest publicly traded U.S. auto groups, five of which reported year-over-year gains. +

Citing import tariffs, Ford has informed its U.S. dealers that MSRPs will increase by up to $2,000 per vehicle, effective May 2. The first affected units are expected to be delivered in June. +

Nissan will tie all dealer compensation to new vehicle sales targets starting June 3, dispensing with its current 20-metric program and standardizing spiffs, according to an Automotive News report. +

A consumer has filed a lawsuit claiming General Motors was aware of a propulsion issue years before a recent recall of hundreds of thousands of vehicles equipped with the L87 V8 engine. +

All seven manufacturers and 11 brands reporting new vehicle sales to Automotive News enjoyed year-over-year increases as Americans took advantage of incentives and rushed to beat expected price hikes. +

Ohio Attorney General Dave Yost has filed sued against the operators of six dealerships, all accused of failing to provide titles to customers in violation of the state’s Consumer Sales Practices Act and Certificate of Motor Vehicles Act. +