福特汽车去年净亏损82亿美元，全球销量首次被比亚迪超越

澎湃新闻02-12

福特汽车出现2008年以来最大年度亏损。　　当地时间2月10日，美国传统汽车巨头福特汽车发布了2025财年全年财报。财报披露，公司2025年全年营业收入达到约1873亿美元，连续五年实现年度营收增长，较上一年略有增加。　　尽管营收创新高，但公司在2025财年整体净亏损达到约81.8亿美元，远低于2024年净利润58.8亿美元；2025年经调整息税前利润（AdjustedEBIT）为68亿美元，较...

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time","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81211":0.6,"HYDD.SI":0.6,"01211":1.85,"BYDDY":1.85,"002594":1.85,"F":1.97,"EVS.SI":0.6},"content_text":"福特汽车出现2008年以来最大年度亏损。　　当地时间2月10日，美国传统汽车巨头福特汽车发布了2025财年全年财报。财报披露，公司2025年全年营业收入达到约1873亿美元，连续五年实现年度营收增长，较上一年略有增加。　　尽管营收创新高，但公司在2025财年整体净亏损达到约81.8亿美元，远低于2024年净利润58.8亿美元；2025年经调整息税前利润（AdjustedEBIT）为68亿美元，较2024年的102亿美元亦有明显下滑，反映出公司利润率压力持续存在。　　福特方面表示，这一巨额亏损主要源于一系列非常规费用、资产减值以及电动汽车业务的重大亏损。　　福特管理层强调，多项重大战略及一次性事件拉高成本共同导致了2025年的亏损。　　电动汽车业务方面，福特的电动汽车部门Ford Model e全年实现营收约67亿美元，但业务继续亏损，亏损总额达到约48亿美元。尽管亏损比前一年度有所收窄，但仍对整体业绩造成了沉重负担。而福特方面已经明确表示，公司电动汽车业务还将至少亏损3年。　　更严重的是，公司在电动化相关资产上计提了约107亿美元的资产减记和项目取消费用，其中大部分与取消某些电动汽车项目、停止产能扩张及战略调整有关。　　面临同样问题的不仅福特一家。多家外媒指出，当下，多家汽车巨头正在对电动化战略重新评估，在市场需求未如预期、成本高企和补贴减少的大环境下，压缩部分电动车项目规模。　　据华尔街日报统计，为缩减电动汽车业务，福特、通用汽车和Stellantis目前已宣布了合计超过500亿美元的支出。　　与此同时，福特在2025年还面临来自美国贸易政策的额外成本。　　福特方面介绍，由于关税豁免项目的适用时间调整，公司增加了约20亿美元的关税支出，显著拉低利润率。　　此外，原材料供应端也出现波动。例如铝供应商发生事故造成生产中断，福特因而承担了数亿美元的供应链损失，这进一步压缩了本已不宽裕的盈利空间。　　在电动车战略上，福特已经宣布对旗下部分车型进行战略性调整，包括停止部分电动车生产并将资源转向混合动力或增程式车型，以期改善盈利性。　　福特管理层指出，这一转变是对市场需求现实与产品路线回调的回应，未来将把资本和技术投向利润更稳健且市场更具弹性的动力系统。　　展望未来，福特方面有较为乐观的预期，预计2026年调整后息税前利润将提升至约80亿至100亿美元，经调整自由现金流预计为50亿至60亿美元。　　但市场认为福特的“再定位”仍面临长期压力。　　分析师指出，福特目前所处的电动化调整阶段带来了深刻的财务影响。它的业务规模和全球销售布局使其在传统动力车市场依然具有比较优势，但未来几年，福特能否在电气化浪潮中恢复竞争力，还将取决于产品创新、成本控制能力以及对市场需求的快速响应。　　另外值得注意的是，2025年福特全球销量首次被中国车企比亚迪超越，比亚迪2025年全球销量约为460万辆，而福特汽车则不足440万辆。外媒评价称，这在全球汽车格局中，反映出中国车企在电动化与性价比竞争上的优势。（文章来源：澎湃新闻）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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