Tricolor’s Frantic Final Days Began With a Call From JPMorgan

Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on, when his phone lit up.

It was a banker at JPMorgan Chase, the firm that had lent hundreds of millions of dollars to his used-car business, Tricolor Holdings, helping transform it into a sprawling empire across the US southwest.