除电动汽车合作外，雷诺集团还与福特签署了一份关于欧洲轻型商用车型合作的意向书。根据该意向 书，双方将共同探索联合开发与生产雷诺及福特品牌旗下特定轻型商用车型的可能性。 雷诺集团首席执行官福兰（Franois Provost）表示，"雷诺集团很荣幸能与标杆级汽车制造商福特开启新 的战略合作。此次合作彰显了我们在欧洲市场丰富的合作经验与卓越的竞争力。从长远来看，携手福特 整合双方优势，将使我们在快速变化的汽车市场中更具创新力与敏捷性。" 福特汽车公司总裁兼首席执行官吉姆·法利（Jim Farley）表示，"与雷诺集团的战略合作是福特在欧洲发 展的关键一步，这将助力我们构建高效且面向未来的欧洲业务体系。" 新华财经上海12月9日电（李一帆）12月9日，雷诺集团与福特宣布达成战略合作伙伴关系，旨在拓展福 特面向欧洲市场的电动汽车产品阵容，并在快速变革的欧洲汽车行业中，增强双方的竞争力。 据悉，双方签署了有关两款全新福特品牌电动车型的合作协议，新车型将基于雷诺的安培平台打造，并 在安培电动汽车城（ElectriCity）投产。两款全新车型均将由福特主导设计，与雷诺集团共同开发。首 款车型预计于2028年初发布，福特也将 ...

Core Viewpoint - Volkswagen Group is undergoing a strategic contraction in response to a significant decline in net profit, which fell by 61.5% year-on-year in the first three quarters of the year [1] Financial Performance - In Q3, Volkswagen Group reported revenue of €80.305 billion, a year-on-year increase of 2.3%, but incurred a net loss of €1.072 billion, marking a 168.8% decline compared to a net profit of €1.558 billion in the same period last year [1] - The operating loss for Q3 was €1.299 billion, a stark contrast to the operating profit of €2.833 billion in the previous year [1] - For the first three quarters, net profit dropped to €3.4 billion, a 61.5% decrease compared to the same period last year [1] Sales and Market Performance - In Q3, Volkswagen Group delivered 2.199 million vehicles, reflecting a year-on-year growth of 1% [1] - Cumulatively, vehicle sales for the first three quarters reached 6.518 million, up 1.8% year-on-year [1] - Sales in North America declined by 9.8% to 246,900 units, while sales in China fell by 7.2% to 660,300 units [2] Strategic Adjustments - Volkswagen Group plans to invest €160 billion by 2030, a reduction from previous investment plans of €165 billion for 2025-2029 and €180 billion for 2024-2028 [1] - The decline in profitability is attributed to increased production of low-margin electric vehicles and an additional burden of €7.5 billion, including U.S. import tariffs and strategic adjustments at Porsche [2] Porsche's Performance - Porsche's revenue for the first three quarters was €26.86 billion, down 6% year-on-year, with operating profit plummeting by 99% to €40 million [3] - The operating profit margin fell from 14.1% to 0.2%, largely due to €2.7 billion in strategic restructuring costs [3] - Porsche experienced its first quarterly loss since its IPO, amounting to €960 million [2][3] Future Outlook and Initiatives - Porsche is adjusting its electric strategy, slowing down the electrification process while planning to introduce more fuel and hybrid models [3] - The company is focusing on the Chinese market, having launched several initiatives to enhance its presence, including optimizing dealer channels and establishing a local R&D center [5] - Volkswagen Group aims to launch over 20 new energy models in China next year, maintaining a strong financial foundation to support its transition to electric vehicles [5]

Core Viewpoint - Maserati, known as the "Queen of Supercars," is facing store closures and price reductions due to a significant decline in global sales and market share in China, which has dropped to 8.2% [1][6]. Group 1: Sales and Market Performance - Maserati's global sales plummeted from 26,689 units in 2023 to 14,725 units in 2024, a decline of over 40% [6]. - In China, Maserati's sales decreased from approximately 4,680 units in 2022 to 1,209 units in 2024, with the market share shrinking from 20% to 8.2% [6]. - The brand's sales pressure is exacerbated by a lack of new product launches and a reduction in product offerings, leading to inventory issues [8]. Group 2: Store Closures and Inventory Management - Maserati has closed multiple dealerships in Beijing and other regions, leaving only one operational 4S store in Beijing [3][4]. - The remaining dealership is heavily discounting inventory, with price reductions of about 40% on models like the Grecale [3][4]. - The brand's management has acknowledged that the remaining inventory consists mainly of older models, with significant discounts being necessary to clear stock [3][4]. Group 3: Management Changes and Strategic Challenges - Maserati has experienced frequent changes in its Chinese management team, with three leadership changes in two years, yet this has not improved sales performance [7]. - The brand's strategy has been criticized for not adapting to the unique demands of the Chinese market, particularly in terms of electric and smart vehicle offerings [9]. - The company is at risk of being perceived as a "cheap luxury car" brand due to its aggressive discounting strategy, which could damage its brand value [9]. Group 4: Product Development and Future Outlook - Maserati's product lineup is undergoing significant changes, with key models like the Levante and Ghibli being discontinued without immediate replacements [8]. - The brand's electric vehicle strategy, initiated in 2019, has not progressed as planned, with only a few electric models available and the cancellation of the MC20 Folgore electric supercar project [8]. - Industry experts suggest that Maserati must introduce more accessible products to avoid further market share decline and potential "mass-market" positioning [9].

有着"超跑皇后"之称的玛莎拉蒂，如今正走向关店和降价。近日，北京商报记者多次走访后发现，玛莎拉蒂在北京的三家4S店仅剩一家营业。在售的格雷嘉 等车型以40%的幅度降价清库存，莱万特、吉博力等主力车型相继停产后，燃油车出现断档。这背后是玛莎拉蒂全球销量的几近腰斩，中国市场份额也缩水 至8.2%。在此背景下，公司管理层两年三换，却并未改善业绩下滑的趋势。 业内人士指出，超豪华品牌的核心竞争力在于稀缺性与溢价能力，无序降价会固化"廉价豪车"标签，更会损害品牌价值根基。事实上，玛莎拉蒂早年就 因"微商神车"标签透支品牌形象，如今又面临产品力的全面掉队：电动化转型滞后，智能化配置与国产高端车型差距显著，未来或将不可避免地走向平民 化。 降幅40%，纯电降至35.88万元 北京商报记者实地走访发现，玛莎拉蒂在北京的三家4S门店，如今仅剩北京保利玛莎拉蒂一家门店。而北京骏东玛莎拉蒂金宝街店和北京骏东玛莎拉蒂金 港店已分别于1年前和今年9月正式闭店，但金港店仍可提供玛莎拉蒂的售后维修服务。 玛莎拉蒂中国官方微信小程序信息显示，经销商北京骏东目前仅提供售后服务。北京骏东全称为北京骏东汽车销售有限公司，是法拉利与玛莎拉蒂指定的双 ...

自2009年诞生起，宝马M部门就将赛道基因注入了X5与X6，开启高性能SUV新时代。然而，随着新能源时代的开启，宝马加速电动化转型以及相关产品的 部署。下一代宝马M3已确认推出纯电动版本，下一代X5也将提供燃油、纯电、插混与氢能源等多种动力选择。在此形势下，宝马需要集中资源优化产品阵 容，对小众且面临法规风险的大排量燃油车投入成本重新评估，像X5 M与X6 M这类受众比较小的车型，大概率就会成为被优化的对象了。 近日，有媒体报道称，宝马高性能SUV车型X5 M、X6 M或将告别中国市场。目前，宝马X5 M雷霆版售价为144.89万元，X6 M雷霆版售价为146.89万元，均 产自宝马美国斯帕坦堡工厂。作为"性能猛兽"，它们搭载宝马4.4T V8双涡轮增压发动机与48V轻混系统，匹配8速运动型手自一体变速箱，还有M主动差速 器的xDrive四驱系统。发动机最大功率625马力，峰值扭矩750牛·米，0-100km/h加速仅需3.9秒。 当电动化浪潮席卷，这些搭载V8发动机、主打纯粹驾驶激情的燃油性能标杆，或许也将和市场渐行渐远。 ...

此外，市场竞争也愈发激烈，10万级国产纯电车市场新"选手"不断涌入，如小鹏MONA M03、吉利银河E5等。对比之下，大众ID.3在尺寸、智能化、配置和 纯电续航等方面全面处于下风，出色的操控性难以弥补性价比的缺失。 除此之外，上汽大众ID.3还面临着智能系统故障的困扰。在这之中，自动刹停问题尤为突出，多位车主反映，车辆在隧道或光线复杂路段行驶时，自动刹车 系统会无预警启动，导致车速骤降甚至瞬停，严重威胁驾驶安全。车质网数据显示，此类投诉已超20起，传感器误判被指为主因。经销商与厂方的检测结果 却屡屡显示"系统正常"，无故障记录，这进一步加剧了车主的不信任。 曾几何时，上汽大众ID.3凭借合资背景与德系品质的光环也有过月销过万辆的成绩，但进入2025年，其在市场上的境遇却急转直下，今年10月只卖出了2261 辆新车。 今年初，新款大众ID.3聪明款上市，然而新车却并未给大众ID.3带来实质性的销量提振，原因主要有三个。首先是电池方面，新款电池组容量虽增加 0.8kWh，续航增加1km，但放弃了三元锂电池组，改用磷酸铁锂电池。理论上，磷酸铁锂电池成本降低，且三元锂电池能量密度和低温性能更优，新款大众 ID.3在 ...

14家国内车企前三季度财报梳理：入账2万亿，净利率仅为1.76%。 车东西12月4日消息，截至今天，国内已有14家主要车企发布了2025年第三季度财务报告。 在2025年第三季度财务报告基础上，车东西整合了各家车企今年前三个季度的业绩表现，进行逐一梳理后发现：这14家国内车企今年前三季度营收规模总 和达到2.07万亿元，归母净利润总和为364亿元，简单计算一下，这14家车企净利率仅为1.76%。 各大国内车企前三季度表现差距明显，分化加剧。 传统车企阵营，8家传统车企前三季度净利润总和超过471亿元。 其中，比亚迪赚走6成净利润，凭借233亿元的归母净利润领跑，吉利净利润超过131亿元，长城、上汽各自净利润均超过80亿元，接近比亚迪1/3，而广汽 集团、江淮汽车、北汽蓝谷仍在亏损，最狠暴跌3691%。 同期新势力阵营，6家新势力车企前三季度净亏107亿元。其中，仅赛力斯、理想、零跑前三季度实现盈利，赛力斯凭借53亿元的归母净利润领先。 今年前三季度，小米智能电动汽车及AI等创新业务经营亏损为1亿元，小鹏亏掉15亿元，蔚来亏损加剧达到156.93亿元，汽车行业呈现出冰火两重天的局 面。 14大车企前三季度财报交 ...

Core Insights - The UK government announced an expansion of its electric vehicle (EV) subsidy program, adding £1.5 billion in funding and extending the program until 2030 [1][2] - The number of models eligible for the maximum subsidy of £3,750 has doubled to eight, covering multiple popular brands [1] - The subsidy program has already benefited over 40,000 vehicle owners since its launch in July [1] Funding Allocation - Of the additional £1.5 billion, £1.3 billion will be used to expand the subsidy fund and extend the program for another year until 2030 [1] - The remaining £200 million will be specifically allocated for the installation of charging stations across the country [1] Market Impact - October saw record high sales of electric vehicles in the UK, with one in four new cars sold being an electric vehicle [1] - The UK has nearly 87,000 charging stations, with the fastest growth occurring outside London in regions like Yorkshire, Wales, and the West Midlands [1] - The government has initiated a review of public charging costs to further reduce consumer expenses related to charging [1] Consumer Engagement - The subsidy program has significantly increased consumer interest in electric vehicles, with some eligible models seeing a doubling in browsing activity [2] - The UK government has invested a total of £7.5 billion to promote the transition to electric vehicles, positioning the country as a leader in EV market share among major European economies [2]

Core Insights - The global automotive industry is facing significant challenges due to tariff impacts, transformation pains, and market differentiation, leading to a reshuffling of performance rankings among major multinational car manufacturers [1] Toyota - Net profit reached $6 billion, a year-on-year increase of 62% [2][6] - Operating profit decreased by 18.6% to 2 trillion yen due to a 25% tariff on U.S. imports, with a significant cost increase of 900 billion yen [2][3] - Retail sales in China for Toyota and Lexus brands grew by 1.8% to 464,000 units [3] Ford - Net profit was $2.4 billion, a year-on-year increase of 174% [5][6] - Revenue for the third quarter reached $50.5 billion, a historical high, with a 9.3% year-on-year growth [7] - Ford's adjusted EBIT for the year is now expected to be between $6 billion and $6.5 billion, down from previous estimates [7][8] BMW - Net profit was $2 billion, a year-on-year increase of 257% [9][6] - Revenue for the third quarter was €32.314 billion, a slight decrease of 0.3% [9] - The company faced a 1.8 percentage point reduction in profit margins due to tariffs [10] Hyundai - Net profit was $1.7 billion, a year-on-year decrease of 20.5% [12][6] - Revenue reached 46.7 trillion won, an 8.8% year-on-year increase [13] - The company plans to launch a new hybrid SUV in the U.S. and increase production capacity [14] Mercedes-Benz - Net profit was $1.4 billion, a year-on-year decrease of 31% [16][6] - Revenue fell by 7% to €32.147 billion [17] - The company is implementing a restructuring plan aimed at saving €5 billion by 2027 [17] General Motors - Net profit was $1.3 billion, a year-on-year decrease of 57% [19][6] - Revenue for the third quarter was $48.59 billion, a slight decline of 0.34% [19] - The company has raised its full-year earnings forecast based on strong performance in both the U.S. and Chinese markets [19] Honda - Net profit was $780 million, a year-on-year increase of 16.5% [20][6] - Operating profit dropped by 41% to 438.1 billion yen [21] - The company has revised its profit expectations downward for the fiscal year [21] Nissan - Net loss was $700 million, a year-on-year decrease of 1042% [22][6] - Revenue for the first half of the fiscal year was 55.787 trillion yen, a 6.8% decline [23] - The company is undergoing a restructuring plan to cut costs and improve profitability [23][24] Volkswagen Group - Net loss was $1.2 billion, a year-on-year decrease of 169% [25][6] - Revenue for the third quarter was €80.3 billion, a 2.3% increase [25] - The group is facing significant challenges due to tariffs and restructuring costs [27] Stellantis - Net revenue for the third quarter was €37.2 billion, a year-on-year increase of 13% [28] - The company plans to invest $13 billion in the U.S. over the next four years [28] - Stellantis is gradually recovering under new leadership, focusing resources on the North American market [29]

Group 1 - The global automotive industry is facing unprecedented challenges, with over 55,000 jobs lost in the past two years in Germany alone, and more than 100,000 layoffs reported worldwide in the last year [1][2] - In contrast, China's automotive sector is thriving, with significant advancements in smart electric vehicles and a robust supply chain, positioning itself as a global leader in the industry [1][3] Group 2 - 2025 is seen as a critical year for automotive manufacturers, with a focus on survival in the face of electrification and the need for innovation in smart technologies [2][10] - China's automotive industry has rapidly evolved, achieving over 30 million annual vehicle sales and over 50% penetration of new energy vehicles, showcasing its ability to catch up and lead in the electric transformation [3][10] Group 3 - Major automotive companies are balancing tradition and innovation, with firms like Mercedes-Benz adapting to local markets while maintaining high safety and quality standards [4][5] - The innovation paths of foreign and Chinese companies are converging, with a blend of cautious planning and agile execution becoming the norm in the industry [5][6] Group 4 - A significant debate is ongoing regarding the technical routes for intelligent driving, with different approaches such as Tesla's vision-based system and Huawei's lidar-based system highlighting diverse innovation strategies [6][7] - The introduction of mandatory safety standards for L2-level driving assistance in China marks a shift towards a more regulated and safety-focused industry [8][9] Group 5 - The Chinese government is facilitating the development of L3-level autonomous driving, with expectations for standards to be established soon, indicating a strong push towards advanced automated driving technologies [10][11] - The competitive landscape in China's smart driving sector is characterized by a diverse ecosystem of companies, fostering innovation and adaptability across various scenarios [10][11]