关注 「电动车公社」 和我们一起重新思考汽车 随着新能源大潮袭来，全球汽车格局也发生了极大的变化。 中国车企乘势而起，正在跻身全球顶尖的行列；原本的全球巨头，却可能受制于战略转型，面临承压。 这一点，在各家财报上体现得尤为明显。前一年还赚得盆满钵满，下一年却可能因为种种原因"扭盈为亏"。 如此形势下，无论是传统巨头还是新势力，都必须根据自身情况和外部环境，随时调整计划，作出最适合自己的决策。 眼下，就让我们通过8家车企的财报表现，来回顾一下略显严峻 的市场情况吧。 需要注意的是， 由于港股、美股不同上市公司公布年度业绩的时间，主要集中在次年的 2-4 月份，而日本车企的财年计算方法稍有不同（从每年 4 月开始 是新财年） ，所以公社在这里总结的是截至到 2026 年 2 月 12 日，已公开的车企财报或业绩预告。 1 、 特斯拉：切换身份中 特斯拉 2025 年全年财报：营收 948.27 亿美元，同比下降 3% ， 出现史上首次下滑 ；净利 润 37.9 亿美元，同比下降 46%， 和前些年的如日中天不可 同日而语。 | FINANCIAL SUMMARY | | | | | | | | | --- | - ...

Turning around its business in China is important to General Motors and its investors, and there's a little good news in that area.If you only started following or investing in the automotive industry in the past few years, it's probably difficult to believe that General Motors (GM +1.28%) once sold more vehicles in China than it did in its core profit engine, the United States. Despite climbing the mountain and becoming a major player in China, GM has suffered large setbacks as China's domestic automakers ...

Market Overview - The S&P 500 decreased by 1.4% and the DOW by 1.1%, marking the worst week of 2026, with the tech-heavy NASDAQ down 2.3% due to policy chaos from the administration [1] - The market is experiencing volatility as the administration's tariff policies shift, impacting investor sentiment and market stability [1][11] Tariff Policy Changes - The Trump administration is considering rolling back steel and aluminum tariffs due to inflation concerns, which have moderated to 2.4% in January after a year of price fluctuations caused by these tariffs [2][3] - Shares of United States Steel Corp (X) fell by 3.4% and Alcoa (AA) by 2.8% in pre-market trading as renewed foreign competition becomes a possibility [2] Deregulation Efforts - The administration repealed the EPA's "Endangerment Finding," which was crucial for regulating greenhouse gases, benefiting the traditional energy sector but creating confusion for the auto industry [6][7] - Ford (F) and General Motors (GM) saw modest gains of 0.5% and 0.2% respectively, but the long-term implications of this deregulation remain uncertain as global markets move towards electric vehicles [6][8] Trade Deals and Global Relations - Recent trade announcements include a new framework with India, tariff reductions with Taiwan, and a deal with the U.K., but market reactions have been muted due to skepticism about the effectiveness of these frameworks [9][10] - The iShares MSCI Taiwan ETF saw a small increase of 0.9%, but concerns about a potential visit to China by the President may limit market optimism [10] Conclusion on Market Sentiment - The major indices are down, with the S&P 500 experiencing a 2.1% decline for the week, reflecting market uncertainty regarding the administration's policy changes [11] - Investors are left questioning the logic behind rolling back tariffs to combat inflation that the tariffs themselves helped create, highlighting the unpredictable nature of current market conditions [12]

2月11日，通用汽车发布声明表示，公司在全球采购中始终坚持公平、无歧视原则，不会因供应商 国别将其排除在外。 通用汽车强调，在供应商选择上，以综合成本、服务与技术能力、供货稳定性、产品质量及合规性 等核心商业因素为主要评判标准。 中国作为通用汽车全球战略的重要组成部分，公司将持续深化在华业务布局。通过与本土供应商长 期稳定合作，目前通用汽车在华供应链本土化率已超过 95%。 ...

GM Stock Can Move Higher After a Strong Year, Says Analyst. Plus, Cloudflare, Vertiv, and More. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# GM Stock Can Move Higher After a Strong Year, Says Analyst. Plus, Cloudflare, Vertiv, and More.S ...

格隆汇2月14日｜随着美国电动汽车热度消退，美国车企正面临巨额亏损。底特律三大车企——通用、 福特和斯特兰蒂斯——在第四季度销量下滑30%后，宣布了超过500亿美元的电动汽车相关资产减记。 销量下滑的原因是7500美元联邦税收抵免政策到期。 通用汽车持续缩减电动汽车产量，而福特则转向 在2027年前推出一款低成本电动皮卡。 斯特兰蒂斯出售了其电池业务股份，理由是对能源转型的节奏 判断失误。 美国联邦税收抵免削减、能效要求放宽，再加上需求疲软，迫使车企取消项目、裁员，并 重新转向燃油车。 ...

Valued at a market cap of $73 billion, General Motors is among the largest automobile companies in the world. The Detroit automaker recently announced a 20% dividend bump alongside a fresh $6 billion buyback program after beating Wall Street's fourth-quarter earnings forecasts. GM stock surged on the news and is now up close to 70% over the past 12 months. The iconic car maker has rewarded investors who stuck with the company through a year of aggressive restructuring and billion-dollar write-downs. It ...

Core Insights - The global automotive sales rankings for 2025 have been released, showing significant changes in positions among the top manufacturers, although no new entrants have appeared in the top 10 [1][2][3] Group 1: Toyota Motor Corporation - Toyota has retained its position as the global sales champion for the sixth consecutive year, achieving a 4.6% year-on-year growth in group sales [4] - In 2025, Toyota's global sales reached approximately 10.54 million vehicles, with North America contributing about 2.93 million vehicles (up 7.3% year-on-year) and China contributing around 1.78 million vehicles (up 0.2%) [6][7] - Despite challenges from U.S. tariffs and the rise of new energy vehicles in China, Toyota has shown resilience, although its electric vehicle sales remain low at only 1.9% of total sales [8][11] Group 2: Volkswagen Group - Volkswagen remains the second-largest automaker globally, with a slight decline of 0.5% in total sales to 8.98 million vehicles in 2025 [12][13] - The European market saw a 4.5% increase in sales, while the Chinese market experienced an 8% decline [13] - Volkswagen's electric vehicle sales grew significantly, with 983,100 units sold (up 32% year-on-year), increasing its share to 10.9% of total sales [15][16] Group 3: Hyundai Motor Group - Hyundai maintained its third position globally with a slight increase of 0.6% in sales, totaling 7.27 million vehicles [23] - The U.S. market is crucial for Hyundai, contributing 40% of its revenue, and the company plans to expand its production of hybrid models in the U.S. [27][29] - Hyundai aims for a sales target of 7.51 million vehicles in 2026, with more electric models planned [30] Group 4: Stellantis - Stellantis ranked fourth with stable sales of 5.42 million vehicles, but faced significant financial losses due to its electric vehicle transition [31][33] - The company is attempting to adjust its strategy, including partnerships with other manufacturers [35] Group 5: BYD - BYD's sales increased to 4.6 million vehicles in 2025, with overseas sales surpassing 1 million units (up 145% year-on-year) [37][38] - The company is seen as a strong contender in the global market, although it still has a long way to go to catch up with established giants like Toyota and Volkswagen [42][43] Group 6: General Motors - General Motors sold 4.51 million vehicles in 2025, with North America being its largest market, contributing 2.85 million vehicles [46][49] - The company is under pressure from its electric vehicle transition and reported significant financial losses [49][50] Group 7: Ford - Ford's sales reached 4.4 million vehicles, with strong performance in the U.S. market, where it sold over 2.2 million vehicles [51][54] - The company plans to launch multiple electric models to enhance its competitive edge [56] Group 8: Geely Holding Group - Geely moved up to the eighth position globally with a sales increase of 26% to over 4 million vehicles [58][60] - The group includes various brands and has a significant share of electric vehicle sales, indicating strong growth potential [66][67] Group 9: Honda - Honda's sales declined to 3.52 million vehicles, continuing a downward trend from the previous year [68][70] - The company faces challenges in the Chinese market, which has significantly impacted its overall performance [71][72] Group 10: Nissan - Nissan's sales fell to 3.1 million vehicles, with a notable decline in the Chinese market [73][75] - The company is focusing on the Americas for growth, as it navigates the challenges of the electric vehicle transition [75] Conclusion - The gap between the top four automakers and the rest is widening, indicating stronger competitive advantages for leading companies [76] - The automotive landscape is evolving, with potential shifts in rankings as newer players like BYD and Geely continue to grow [78][80]

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This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Claudia Gast | General Motors General Motors appointed Claudia Gast as deputy CFO and vice president of strategy, corporate development and technology partnerships, effective March 1. Gast will report to CEO Mary Barra for strategy and to CFO Paul Jacobson for corporate development and technology partnerships. She joins GM from electric vehicle startup Lucid Motors, where she ...