小亏572亿比蔚来还猛！福特大爆雷，比亚迪“躺枪”

Ofweek光电信息网02-13

樵夫作品人车江湖一起见证中国汽车产业崛起巨亏572亿，比蔚来还亏的还猛，福特发布了2025年极为惨淡的业绩。作为昔日的车企巨头，福特的遭遇只是缩影。在电动化这条路上，福特遭遇到的反噬与斯特兰蒂斯一毛一样。01小意思亏损572亿，福特由盈转亏近期，美国福特公布了其2025年业绩。巨额亏损是其业绩主要“亮点”，亏损金额是2008年以来最大。财报披露，公司2025年全年营业收入达到约1873亿美元...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260213140645a6f65b5c&s=b><strong>Ofweek光电信息网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>樵夫 作品人 车 江湖一起见证中国汽车产业崛起巨亏572亿，比蔚来还亏的还猛，福特发布了2025年极为惨淡的业绩。作为昔日的车企巨头，福特的遭遇只是缩影。在电动化这条路上，福特遭遇到的反噬与斯特兰蒂斯一毛一样。01小意思亏损572亿，福特由盈转亏近期，美国福特公布了其2025年业绩。巨额亏损是其业绩主要“亮点”，亏损金额是2008年以来最大。财报披露，公司2025年全年营业收入达到约1873亿美元...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260213140645a6f65b5c&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0054450605.USD","symbol_name":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" 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Ford explodes, BYD \"lies down\"","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81211":0.6,"002594":1.87,"BYDDY":1.87,"01211":1.87,"F":1.95,"HYDD.SI":0.6},"content_text":"樵夫 作品人 车 江湖一起见证中国汽车产业崛起巨亏572亿，比蔚来还亏的还猛，福特发布了2025年极为惨淡的业绩。作为昔日的车企巨头，福特的遭遇只是缩影。在电动化这条路上，福特遭遇到的反噬与斯特兰蒂斯一毛一样。01小意思亏损572亿，福特由盈转亏近期，美国福特公布了其2025年业绩。巨额亏损是其业绩主要“亮点”，亏损金额是2008年以来最大。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……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……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。福特业绩公告有三大看点：第一：增收不增利，甚至是巨额亏损。福特2025年营收微微上涨，由2024年的1851亿美元提升至1873亿美元。但利润却大幅亏损。第二：由盈转亏，福特面临盈亏转折点。第四季度是由盈转亏的转折点，录得亏损高达111亿美元，击穿了前三季度积累的微薄利润，最终全年录得亏损记录。至于福特亏损是否会持续形成趋势，拭目以待。第三：比亚迪被媒体“特意”提及。相比福特的亏损，媒体特意提及了比亚迪。无论是在销量上还是在利润上，比亚迪都碾压福特，二者形成鲜明对比。其实，福特如今的光景，有比亚迪的功劳。02电动车业务是亏损的主力需要说明的是，此次福特更多偏向于财务操作，是其对电动车业务的认赔态度。根据福特披露的信息，其亏损的主要原因是一次性计提了电动车业务相关的亏损。其主要的财务操作是在四季度一次性计提195亿美元特殊费用，用于取消部分大型电动车生产计划、全球业务重组及相关资产减值。当然，福特不是要放弃电动车业务，只是而是对激进纯电战略的“断臂求生”与战略重构；从 “全面激进纯电” 转向“混动+增程+低成本纯电”的多元动力路径。一次性计提195亿美元资产减值，用于核销失败项目、重组成本，为后续轻装上阵做准备。这其实是财务上的操作，为了下一个年度实现盈利做准备。与福特类似，作为全球第四大车企的斯蒂兰提斯此前也因为计提大金额的资本减值准备而陷入亏损，这二者算得上难兄难弟。03丰田是否会紧步福特后尘无论是福特或是斯蒂兰提斯，都是传统车企在进军电动化业务不利的情况下做出的财务处理方式。在全球车企巨头中，丰田，现代和大众都面临同样的问题。它们是否会在后续的财务公告中爆雷，拭目以待。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"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 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2611598187","isCrawlerRequest":true}