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- BNET Author Biography
Based in the New York metro region, Jim Henry is a veteran reporter with more than 20 years experience covering the auto industry for publications such as Automotive News. He was also department manager, corporate strategy and market research, for Mercedes-Benz USA, the German automaker's U.S. sales and marketing subsidiary....- more about Jim Henry »
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- At $4, Americans Get "Rational"; Don't Worry, They'll Snap Out of It
- Washington Post opinion columnist Charles Krauthammer wrote an op-ed piece the other day that said in effect that $4 per gallon is the tipping point at which Americans stop buying gas guzzlers and become "rational." The column appeared on the washingtonpost.com web site on June 6, but...
- Blog posts 2008-06-08
- Supply and Demand: Small Cars Command Bigger Prices
- Higher demand for fuel efficiency is driving up small-car prices in a couple of ways. First is simple supply and demand. Toyota said on July 1 it had only a one-day supply of the Toyota Prius hybrid – meaning in effect that it is sold out, and...
- Blog posts 2008-07-07
- What, Me Worry? Says Chrysler's Jim Press
- Wow, that must be some "plan" at Chrysler. With June sales down 35.9 percent in June -- it hurts just to type that number -- Jim Press, Chrysler president and vice chairman, serenely insisted in a July 1 conference call that wholesale shipments to dealers are going...
- Blog posts 2008-07-02
- Automakers Bet Big That High Gas Is Here to Stay
- Ford Motor and General Motors suddenly seem to agree that high gas prices are here to stay, and therefore so is the shift out of big pickups and SUVs, and into small cars and crossovers. Chrysler has been more cautious in its rhetoric than Ford and GM....
- Blog posts 2008-06-06
- J.D. Power Initial Quality: Who Cares? Maybe You Should
- The results are in, for the annual J.D. Power and Associates Initial Quality Study. Porsche was the No. 1 brand for the third year in a row, with only 87 reported problems per 100 vehicles, followed by No. 2 Infiniti, No. 3 Lexus, and tied at No....
- Blog posts 2008-06-06
- Investors Hammer Auto Stocks
- With gas prices up and U.S. auto sales down, investors are hammering auto stocks, especially the Detroit Three brands. Ford, General Motors and Daimler, which still owns 20 percent of Chrysler, all hit 52-week lows on June 27. The bad news is expected to...
- Blog posts 2008-06-30
- Nothing is Sacred, or Safe; Not Even Volvo
- Published reports have buyers in China expressing an interest in taking Sweden's Volvo Car Corp. off Ford's hands. Ford CEO Alan Mulally has said a couple of times now since last November that unlike Aston Martin, Jaguar and Land Rover, which Ford has already unloaded, Ford isn't...
- Blog posts 2008-06-25
- Mercedes-Benz Calls Its "Green" Tech "Blue"
- Mercedes-Benz is somewhat confusingly giving "blue" names to a number of dissimilar "green" engines. The names are similar to the company's BlueTec diesels, but some of those engines aren't diesels at all, in spite of the similar name. "Blue is the new green," said Thomas Ruhl, director of...
- Blog posts 2008-06-23
- Cerberus Denies Selling Chrysler, GMAC stake
- Cerberus Capital Management denied news stories today that it sold any of its equity stake in either Chrysler or GMAC Financial Services. But other than denying it, the privately held Cerberus was masterfully vague about what exactly may have led to a Financial Times story that said Cerberus...
- Blog posts 2008-06-03
- Home to Roost: Used SUVs Will Hurt Leasing Companies
- A tidal wave of used SUVs coming off leases will cost auto lenders as much as an estimated $4.9 billion this year, and similar amounts again in 2009 and 2010. That's according to CNW Marketing Research, a longtime specialist in auto lease data. "Three...
- Blog posts 2008-06-20
- Hell Freezes Over: Ford Postpones F-150 Pickup
- In case anyone was wondering how well Ford's "You Pay What We Pay" promotion was doing to clear out stocks of the 2008 Ford F-150 pickup, to make room for the all-new 2009 model, the answer is, "not very." Ford made that obvious by announcing on Friday,...
- Blog posts 2008-06-20
- BMW's Used Cars Help to Sell New Cars
- The BMW brand is a pioneer in emphasizing sales of "certified pre-owned" cars through its dealerships. Until the late 1980s, many luxury-car dealers didn't sell used cars at their new-car dealerships. Instead, they sent trade-ins to wholesale auctions and made all their money from new car sales, parts and service....
- Blog posts 2008-06-17
- One Round to Fisker in Tesla Lawsuit
- Fisker Automotive won a round in its legal fight with Tesla Motors, as a judge in San Mateo (Calif.) Superior Court on June 11 granted Fisker's motion to stay Tesla's suit against Fisker, and send the case to arbitration. Tesla Motors sued Fisker on April 14. Tesla...
- Blog posts 2008-06-16
- Truck Sales: Past the Tipping Point?
- Nobody could be surprised that consumers have turned away from big, gas-guzzling pickups and SUVs and toward more fuel efficient cars and crossovers. But industry analysts are slack-jawed at the speed at which demand for trucks has gone from merely eroding to downright collapsing. Not surprisingly, the...
- Blog posts 2008-05-30
- Q&A: Bentley's Eichhorn Says Li-Ion Will Work For Hybrids
- Ulrich Eichhorn, who oversees engineering for Bentley, says that for the first time in his career there and with parent Volkswagen, he's encouraged that auto industry engineers will finally get the remaining bugs out of lithium-ion (Li-Ion) batteries similar to those used in laptop computers. That's good...
- Blog posts 2008-06-13
- Porsche, Luxury Rivals Push Used Cars
- For a couple of reasons, used cars are a growing priority for luxury-brand automakers like Porsche. First, many people who buy high-end, expensive cars tend to graduate from a used car to a new one. Second, used cars are an important profit center for dealers, especially when new-car sales are...
- Blog posts 2008-05-29
- Ford Shareholders to Kerkorian: "Take My Stock. Please."
- Stockholders representing more than one billion shares of Ford stock aren't waiting around to see what Kirk Kerkorian intends to do with Ford. They want to sell now, and small wonder: Kerkorian offered $8.50 per share, versus Ford's closing market price of $6.36 on June 9, when the tender offer...
- Blog posts 2008-06-12
- Legal Hardball: Sonic Automotive vs. Mercedes-Benz
- Mercedes-Benz is playing legal hardball with a major U.S. dealership group, Sonic Automotive, a publicly traded auto dealership chain with $8.3 billion in 2007 revenues based in Charlotte, N.C. Sonic owns nine Mercedes-Benz dealerships plus 160 other franchises around the country, making it one of the nation's three biggest dealer...
- Blog posts 2008-05-27
- Ford's Forecast: It's Not Just Us
- Ford revealed the gory details of its recently reported production cuts, but more importantly showed a much more pessimistic outlook beyond simply cutting back on building too many trucks. Besides its own troubles, Ford's announcement includes a heavy element of, "Hey, it's not just us, the whole industry's in trouble."...
- Blog posts 2008-05-23
- Ford Grits Teeth, Cuts Truck Production
- Ford Motor is widely reported to be cutting back on production of big SUVs, on top of cuts announced earlier. As painful as it must be, it's more evidence that the Detroit 3 are sticking to their common-sense strategy of cutting production to match demand. The traditional...
- Blog posts 2008-05-21
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