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Jim Henry

E-Mail: autonews@crain.com
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Recent authored articles

Statehouses are latest battlefield in longtime war between automakers and aftermarket

A new campaign aims to enlist state lawmakers to mandate greater use of factory parts in collision repair.

Quarterly rise in subprime originations a positive sign

It's too soon to call it a trend, but third-quarter subprime auto originations rose from the year earlier for the first time in more than two years, the Federal Reserve Bank of New York and TransUnion said in separate reports last week.

Subprime originations rise for the first time in two years

It's too soon to call it a trend, but third-quarter subprime auto originations rose from the year earlier for the first time in more than two years, the Federal Reserve Bank of New York and TransUnion said in separate reports last week.

Proveedores se ven afectados por menor producción mundial de autos

Una desaceleración del volumen no planificado en China, nuevas tarifas internacionales e incluso graves inundaciones en Japón, llevaron a una menor producción de vehículos. Y algunos proveedores sintieron la pizca de una aceleración repentina en el cambio del consumidor de los sedanes a los SUV.

Delphi reports 50% drop in Q3 net income, sees more headwinds ahead

UPDATED: 11/7/18 4:35 pm ET - adds stock close

Delphi Technologies reported sharply lower net income for the third quarter, largely due to factors that hit other supplier results, especially an unexpected decline in sales in China.

Big suppliers are touched by cars' slide, lower output

Worldwide production cuts and the shift away from cars is casting a shadow on some suppliers.

Aptiv's Q3 net drops despite increase in sales as production falls in key markets

The global automotive technology supplier reported its sales grew 11 percent to $3.5 billion in the third quarter, despite lower production volumes in some of its biggest markets, especially China and Europe.

Dana secures major Ford Edge contract as Q3 profits, sales rise

The supplier said it will be the sole provider of disconnecting all-wheel-drive units on the 2019 Ford Edge crossover, a new feature designed to improve fuel efficiency. Dana's third-quarter sales and profits rose, driven by acquisitions and new contracts.

Visteon's Q3 earnings take hit as production slows globally

Auto supplier Visteon reported lower production for its big customers in every major global automotive market, which dragged down the supplier's sales and profits in the third quarter.

Lear struggles to predict 'slippery pig' production cycles, CFO says

UPDATED: 10/25/18 4:20 pm ET - adds stock close

Given recent volatility in auto production schedules, trying to predict short-term production volumes is a slippery business right now, said Lear CFO Jeff Vanneste.

BorgWarner stays bullish as Q3 net income rises 10%

BorgWarner expects to continue to outperform the new-vehicle market — partly by ramping up its business in hybrids and electric vehicles — despite growing headwinds.

Hurricane Florence disrupted dealership service, parts availability in Carolinas

Many new-vehicle dealers in the Carolinas are grateful that their biggest worry in the aftermath of Hurricane Florence — aside from getting evacuated employees resettled and back on the job — was having enough parts delivered to meet an expected surge in service business.

Gentex posts bullish Q3 results, shares rise

UPDATED: 10/22/18 2:40 pm ET - corrected

Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production.

Chase, Wells Fargo take measured approach to auto lending

Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.

At Acura Turnersville, preparing employees for success results in a great place to work

At 13 percent in 2017, employee turnover is strikingly low at Acura Turnersville, a Penske Automotive Group dealership on the outskirts of Philadelphia.

Prizes, time off help build employee satisfaction at Nissan of Turnersville

Nissan of Turnersville's general manager, John Fanelli, says he puts a lot of emphasis on rewarding performance and building camaraderie at the dealership.

Smart lighting brightens Varroc's prospects

The lighting segment is hot in part because it is going through a smart technology revolution.

Honeywell bets on internal combustion with new spinoff

Honeywell's automotive business will spin off next month to turbocharge future powertrains.

How one Subaru dealer turned the Great Recession into a 'speed bump'

UPDATED: 9/9/18 1:24 pm ET - corrected

Having a Subaru store — and lessons learned in earlier recessions — helped Rick DeSilva navigate the last one.

Mass. dealership group went 'full speed ahead' with advertising

Boch Automotive stuck to its fat ad budget during the recession in anticipation of the rebound and in keeping with its maverick owner's approach.

GM network targets 'streamlined' repairs

GM's new collision repair network, scheduled to launch next year, pushes back on insurers.

Q2 auto originations rise only in highest credit tiers

Auto lenders continue to dial back on originations, even with customers in the lower categories of prime-risk credit, in response to a gradual uptick in delinquencies.

Johnson Controls ponders fate of its battery business

JCI has given itself until November to decide whether to spin off its battery business, sell it outright or keep it.

GM warns dealers against using aftermarket parts to fix driver-assist vehicles

GM is warning dealers not to use aftermarket bumpers and fascias to fix vehicles with advanced driver assistance systems.

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