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福特汽车(F)
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11.88
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晚点LatePost
·
04-24
对话小马智行楼天城:驯服脱缰的野马,让 AI 自我进化
现在最稀缺的是能驾驭 AI 的人。 文丨李安琪 很长一段时间,楼天城都在向外界解释一件事:L4 Robotaxi 和 L2 量产智驾不是同一条路。他曾多次说过,模仿学习无法实现 L4。 最近头部车企 L2 智驾和供应商正在转向世界模型,强化学习常常一起出现。对此楼天城表示 No surprise,他说这是小马智行已经做了很多年的事。“想做 L4,大家就都要从 0 开始做,或者说再走一遍我们走过的路。” 楼天城说,小马智行 2020 年就意识到,依赖人类驾驶行为数据的模仿学习很快会遇瓶颈;模型需要一个能持续生成的虚拟场景、评估行为、行为博弈的训练系统,才能突破天花板。小马智行把这套系统称为 “世界模型”。 2024 年推出世界模型 1.0 时,楼天城曾向我们比喻,世界模型是车端模型的工厂。不同公司对 “世界模型” 的定义不完全相同。在楼天城的描述里,它不直接开车,只负责模拟车端模型决策后世界如何变化:周围交通参与者如何反应,风险是否继续演化。 近期,楼天城再次向我们谈到世界模型的最新变化。他说,世界模型 1.0 很多判断仍依赖人:人来诊断问题、判断开得好不好,再决定采什么数据、优化哪些场景。 但人力也可能成为 “瓶颈”。在世界模型 2.0 中,小马智行将更多诊断和反馈工作交给 AI:例如当车端模型在某个场景表现不佳时,世界模型 2.0 会尝试自动识别问题,并要求工程师补采特定场景数据。 创业早年,楼天城作为 CTO 最重要的工作之一是招足够聪明的人,自动驾驶的系统上限也取决于团队里最强的工程师。而今天 AI 成为小马内部最聪明的大脑:开车比人好,驾龄比人长。楼天城常常跟工程师说一句既玩笑又认真的话,“完成 AI 交给你的任务。” 最早走这条路线,楼天城也担心:模仿学习走不通,新路线短期内也不跑不通怎么办?不过,世界模型的推进速度比他预期更快。在新技术路线支撑下,小马智行计划今
对话小马智行楼天城:驯服脱缰的野马,让 AI 自我进化
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江瀚视野
·
04-21
合资燃油车集体降价,价格优势真能救合资燃油车吗?
$福特汽车(F)$
近年来,让人最大的感觉就是各大车企的价格战是持续不断,就在最近合资燃油车集体降价的消息传来,面对着越来越便宜的合资燃油车,让人不禁想问一个问题,价格优势真能救合资燃油车吗? 一、合资燃油车集体降价 据海报新闻的报道,近日,全新速腾S以7.98万元的“一口价”正式上市。这款被定义为“速腾衍生品”的车型,凭借1.5L自然吸气发动机、爱信变速箱和电子挡把等配置,引发不少消费者关注。 “7.98万是裸车价,保险和购置税另算,落地9.3万左右。”4月6日,济南一家一汽大众4S店销售人员介绍,全新速腾S价格已压至底线,属于“一口价”销售。这一价格策略,被业内视为大众集团应对新能源冲击、稳固燃油车市场份额的关键举措。 公开数据显示,大众集团2025年中国销量同比下滑8.5%,速腾、朗逸等主力车型市场份额被自主品牌蚕食。此次速腾S的“破价”上市,能否扭转颓势,仍需市场检验。 速腾S的低价策略也引发了连锁反应。4月6日,记者走访济南一汽丰田门店时发现,指导价12.28万元的2025款卡罗拉1.2T先锋版,裸车价已降至8.28万元。“2026款先锋版‘一口价’7.98万元,目前没有现货,订车需要等一个月左右。”一汽丰田工作人员称,“一口价”为厂家设定,暂无任何优惠。 与此同时,记者从济南一家东风日产专营店了解到,2026款轩逸经典安心款指导价为7.99万元,实际购车价降至6.2万元。此外,上汽大众2026款朗逸新锐出众新逸版,指导价7.99万元,实际贷款价格5万多元,全款价格6万多元。 二、价格优势真能救合资燃油车吗? 当前,面对着这场以价格为武器的自救行动,我们不得不问问:价格优势真的能成为合资燃油车扭转命运的救命稻草吗? 首先,合资车的优势已经产生了根本性逆转。过去数十年,合资燃油车凭借技术壁垒、
合资燃油车集体降价,价格优势真能救合资燃油车吗?
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文狸
·
04-03
$福特汽车(F)$
哈哈哈哈哈哈哈哈
$福特汽车(F)$ 哈哈哈哈哈哈哈哈
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肥猫会飞FCF
·
04-10
深入分析现金流质量
【随想83】深入分析现金流质量 肥猫的朋友们,又见面了!这里是不FOMO、不搞马后炮、只分享简单实用方法的美股价值投资频道。 上一篇文章
《【随想82】石油美元崩溃?黄金大涨?——宏观分析不靠谱的又一个生动例子》
聊了宏观分析的复杂性:美元一会儿强,一会儿弱,黄金的投资逻辑也总是在变来变去。而我们今天要聊的现金流分析,相比之下就没那么容易过时。 另外,最近几年市场上也出现了一些强调现金流的ETF,比如 Image 然而,这些现金流ETF对“现金流”的筛选标准,未必就真的很好。我们之前更多讲的是稳定性和一致性,但这次可以再往下挖一层,看看更细的结构问题。顺着这些现金流ETF选出来的标的讲,反而更容易把问题看清楚。 以下表格是COWZ
$Pacer US Cash Cows 100 ETF(COWZ)$
的前10大持仓: Image 很明显,这里面会出现一些我们基本不会考虑的股票,比如 T 和 F。为什么?因为 COWZ 看的是 FCF/Price,这个概念本质上更接近 PE 的倒数;而我们平时更关注的,其实是 FCF margin = FCF/Revenue。这两者看起来都在讲“现金流”,但背后的含义,其实差得很远。 首先,Ford
$福特汽车(F)$
的FCF margin只有6.7%,并不是FCF yield的15.4%。这更多说明它 PS 很低,仅 0.25,而不是说它的现金流质量有多好。更关键的问题在于,Ford的自由现金流并不是主要靠净利润转化出来的,而是较大程度
深入分析现金流质量
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车圈搬砖小锅
·
02-19
$福特汽车(F)$
福特2025财报冰火两重天:营收创纪录却巨亏82亿,四季度亏超百亿成关键 福特2025年财报出炉,增收不增利。全年营收1873亿美元,同比涨1.23%创历史新高,可净利润却从2024年盈利58.79亿美元,变成净亏损81.82亿美元,暴跌239.17%,全球销量还微降2%至439.5万辆,排到了全球第七。 这一切的关键就在四季度,单季净亏111亿美元,创下2008年金融危机后最大季度亏损,直接拖垮全年业绩。亏损原因其实很清晰,首先是电动化转型踩了坑,福特缩减电动化计划,计提195亿美元特殊费用,大部分都算到了四季度,电动车业务本就持续亏损,这下雪上加霜;再加上核心铝材供应商工厂失火,福特造F150只能进口铝材,硬生生多花了20亿美元关税,成本大幅飙升。 福特这次亏算,是战略预判偏差和突发状况的双重影响,电动化激进布局后的收缩付出了高额成本,供应链的脆弱性也暴露无遗。虽然传统燃油和混动业务仍是盈利基本盘,但想要扭转颓势,供应链优化和战略还得继续。
$福特汽车(F)$ 福特2025财报冰火两重天:营收创纪录却巨亏82亿,四季度亏超百亿成关键 福特2025年财报出炉,增收不增利。全年营收1873亿美元,...
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老道财经666
·
02-12
单季亏111亿美元!福特2025年财报 “冰火两重天”
福特最近公布了2025年第四季度和全年的财报。全年营收达到1873亿美元,比2024年微增1.23%,创下了历史新高。不过,利润方面却大幅下滑——从2024年盈利58.79亿美元,变成了2025年净亏损81.82亿美元,跌幅高达239.17%,是近五年来最差的一年。销量方面,2025年福特全球销量为439.5万辆,比前一年略降约2%,在全球车企中排第七。
$福特汽车(F)$
拖累整体表现的主要是第四季度。当季营收为459亿美元,同比下降5%;更严重的是,净亏损达到了111亿美元,是自2008年金融危机以来最糟糕的一个季度。造成亏损的原因有几个:一是公司在电动化转型上投入巨大,但市场反应不如预期;二是关键供应商出了问题——去年铝材供应商诺贝丽斯的工厂接连发生两起大火,导致福特F-150不得不改用进口铝材,还因此多付了高额关税;三是整体关税成本上升,2025年光这一项就花了大约20亿美元。
单季亏111亿美元!福特2025年财报 “冰火两重天”
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直击业绩会
·
02-10
【直播预告】本周财报日历|直击业绩会(2.9-2.13)
👉 欢迎订阅直播,直击高管解读财报与分析师Q&A 📊 本周财报季重点公司已出炉,本周将转播以下业绩会: 🎯 直播场次:Coinbase|周五 06:30 📍 直播入口:
Coinbase 2025Q4业绩电话会议
港美股财报季继续!
$中芯国际(00981)$
、华虹半导体、Robinhood、Coinbase、AppLovin等公司放榜 本周,美股传统行业股票例如
$可口可乐(KO)$
、
$T-Mobile US(TMUS)$
、
$英国石油(BP)$
等公司将业绩,医药巨头
$阿斯利康(AZN)$
、
$Moderna(MRNA)$
也将发布财报。 上周市场大跌,投资者将集中关注于近期剧烈波动的AI应用与软件股板块以及关键科技公司,投资者可关注
$Applovin(APP.US)$
和
$Unity Software(U)
【直播预告】本周财报日历|直击业绩会(2.9-2.13)
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小虎老师
·
02-09
市场周评:上周美股价值股反弹,科技股受挫,本周CPI数据成美联储预期焦点
一、上周回顾 1. 美股市场——分化加剧,数据延期 科技股承压:本周股市在首尾两端上涨,抵消了周中科技股遭抛售的跌幅。
$道琼斯(.DJI)$
飙升 2.5%,史上首次收于 50,000 点上方;
$标普500(.SPX)$
500 微跌,
$纳斯达克(.IXIC)$
则下挫 1.8%。 科技股财报领跑:财报季已过半,据 FactSet 数据,科技板块预计 Q4 2026 盈利增长 30.4%,为标普 500 各板块平均 13.0% 的两倍多。 市场分化:大盘价值股延续 2025 年以来对成长股的领先优势,扭转了多年来成长风格主导的局面。本周价值基准指数上涨 2.2%,而成长基准指数下跌 2.0%。 加密货币剧烈波动:
$比特币(BTC.USD.CC)$
周五早盘暴跌至 61,000 美元——较四个月前 126,000 美元的历史高点腰斩不止——随后反弹至约 70,000 美元,全周仍累跌 17%。其他加密货币亦集体跳水。 贵金属颠簸:
$黄金主连 2604(GCmain)$
期货从上周跌势中反弹,交投于每盎司约 4,980 美元;白银期货则回落至周五的每盎司约 77 美元。 欧元区通胀:欧洲央行连续第五次会议维持利率于 2.0% 不变,此前数据显示欧元区通胀已滑落至 1.7%,低于该行 2.0% 的目标。 情绪回升:美国消费者信心触及六个月高位。与此同时,劳
市场周评:上周美股价值股反弹,科技股受挫,本周CPI数据成美联储预期焦点
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財報話你知
·
02-10
福特同Lyft财报倒数计时:华尔街已经心跳加速,你敢唔敢睇落去?
[Smart]小虎们,福特和Lyft将于2月10日盘后公开Q4及2025全年财报,
$福特汽车(F)$
的报告将直接检验公司在电动化转型中的韧性和战略调整成效。面对EV销量放缓和供应链中断的双重压力,华尔街一致预期福特Q4营收按年下降约8%-9%,调整后EPS下滑超50%,但是福特全年营收微增和商用车业务的强劲表现或许可以为公司提供缓冲。财报虎今天收集了关键资料汇总,包括华尔街预期、分析师观点和关注焦点,为小虎们大家带来两家公司的财报前瞻供大家参考~ 福特:EV巨亏吓死人,还是隐藏王炸等住爆? 关键财务预期 Q4营收:预计410-443亿美元,按年下降约8%-9.5%(去年同期约450亿美元)。汽车业务营收预计405.4亿美元,按年下降9.8%。 Q4调整后EPS:0.17-0.19美元,按年下降约54%-56%(去年同期0.39美元)。 Q4调整后EBIT:约11.6亿美元。 全年2025营收:预计1730亿美元,按年微增1%。 全年2025 EPS:1.31美元,按年下降39%;调整后EBIT约88.6亿美元(高于公司指引70亿美元)。 全年调整后自由现金流:20-30亿美元(高位指引)。 彭博社的普遍预期,福特汽车本季度营收预计将达到 424 亿美元,调整后每股收益 (EPS) 为 0.19 美元,调整后息税前利润 (EBIT) 为 11.6 亿美元。 🏎️ 福特:虽然电车亏得心疼,但燃油老本还算硬气 财报虎认为,福特最近这一通账目操作,简单说就是:为了向电动化转型。但是这笔「学费」交得着实不便宜。 Ford Motor EBIT 2012-2025 | F ;来源:MACROTRENDS 1. 账面上亏了多少? 福特去年底一口气记下了 195 亿美元 的相关费用。 时间表: 大头(125
福特同Lyft财报倒数计时:华尔街已经心跳加速,你敢唔敢睇落去?
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均勝電子
·
01-27
均胜电子荣膺长安福特价值共创奖,相关产品同步支持出口车型
均胜电子荣膺长安福特“价值共创奖” 在长安福特2026年供应链伙伴大会上,凭借在产品质量、项目执行与交付可靠性方面的优势,均胜电子旗下均胜汽车安全系统荣膺长安福特“价值共创奖”。 目前,长安福特在售量产车型均搭载了来自均胜电子的产品,相关产品不仅服务于国内市场,也同步支持出口车型项目。凭借稳定可靠的产品性能和成熟的项目执行能力,均胜电子持续为长安福特的业务发展提供有力支撑。 多年来,均胜电子与长安福特保持着长期、稳定的合作关系,双方围绕整车被动安全系统的配套开发及量产项目支持开展了深入合作。此次荣膺“价值共创奖”,体现了长安福特对均胜电子在合作中创造不凡价值,提升供应链整体效率,以及提供坚强客户保障的高度认可。
均胜电子荣膺长安福特价值共创奖,相关产品同步支持出口车型
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- -
公司概况
福特汽车公司于1919年在特拉华州注册成立,是一家全球性的移动出行和汽车公司,总部位于密歇根州迪尔伯恩。该公司起源于总部位于密歇根州的福特汽车公司,由亨利·福特于1903年创立,旨在设计和制造汽车。福特设计并交付范围广泛的车辆,包括卡车、运动型多功能车、商用货车、轿车和林肯豪华车,以及BlueCruise驾驶辅助技术和数字安全解决方案等互联服务。其运营分为三个以客户为中心的业务板块:福特Blue,专注于汽油动力和混合动力汽车;福特Model e,致力于电动和软件定义汽车;以及福特Pro,提供商用车和服务。福特还通过福特汽车信贷公司LLC提供金融服务。
04-30 12:00
季度报告
Form 10-Q - Quarterly report [Sections 13 or 15(d)]
Form 10-Q - Quarterly report [Sections 13 or 15(d)]
04-29
超过5%披露
Form SCHEDULE 13G - Statement of Beneficial Ownership by Certain Investors
Form SCHEDULE 13G - Statement of Beneficial Ownership by Certain Investors
04-29
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
04-15
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
04-15
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
04-02
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
03-14
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
02-11
年度报告
Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]
Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]
02-10
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
01-29
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
01-06
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
2025-12-15
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
2025-12-12
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
2025-11-21
重要事件披露
Form 8-K - Current report
Form 8-K - Current report
2025-10-24
季度报告
Form 10-Q - Quarterly report [Sections 13 or 15(d)]
Form 10-Q - Quarterly report [Sections 13 or 15(d)]
分时
5日
日
周
月
数据加载中...
最高
12.07
今开
12.06
量比
1.09
最低
11.78
昨收
12.08
换手率
1.37%
热议股票
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