全球最大的汽车供应商预警：利润率跌破2%

Group 1 - Bosch is facing significant financial pressure in 2025, with CEO Stefan Hartung indicating that the profit margin will be well below 2%, far from the expected target [1] - In 2024, Bosch's operating profit margin is projected to decline from 4.8% in 2023 to 3.5% [1] - The profit decline is partly attributed to high restructuring costs of €3.1 billion, which accounts for approximately 3.5% of sales [1] - Bosch's revenue for 2025 is estimated at €91 billion, slightly above the €90 billion forecast for 2024, primarily due to the acquisition of Johnson Controls-Hitachi, contributing around €4 billion in revenue [1] - Excluding the impact of the acquisition, Bosch's actual revenue showed a decline year-over-year [1] - Hartung has warned that 2026 will also be challenging, with the company unlikely to reach its long-term operating profit margin target of 7% until at least 2027, citing high tariffs and weak economic growth as contributing factors [1] Group 2 - To address operational pressures, Bosch has initiated layoffs, planning to cut 13,000 jobs in its core mobility solutions division by October 2025, following a previous announcement to lay off 9,000 employees in 2024 [2] - Bosch, as the world's largest automotive parts supplier, is facing significant challenges due to the industry's shift towards electrification and smart technology, impacting traditional component manufacturers [2] - ZF Friedrichshafen, another major German automotive supplier, is also experiencing financial difficulties, with a 10.3% year-over-year decline in sales to €19.7 billion in the first half of the year, and a net loss of €195 million compared to a net profit of €45 million in the same period last year [2] - ZF's EBITDA decreased by 42% to €367 million, with the EBITDA margin dropping from 2.9% to 1.9% year-over-year [2] - As of June 30, 2025, ZF's net debt reached €10.462 billion, with a leverage ratio of 3.21 [2] - To alleviate debt pressure, ZF announced the sale of its Advanced Driver Assistance Systems (ADAS) business for €1.5 billion to Harman [2]