威孚高科主要从事汽车零部件业务，产品包括燃油喷射系统、尾气后处理系统等。公司总部位于江苏无 锡，是国内汽车核心零部件领域的重点企业。 截至2025年8月15日收盘，威孚高科股价报20.37元，较前一交易日上涨0.45元，涨幅2.26%。当日成交 量为17.87万手，成交金额达3.62亿元。 公司公告显示，2025年8月15日经职工代表民主选举，冯志明当选为公司第十一届董事会职工董事。 资金流向方面，8月15日主力资金净流入1756.26万元，近五日主力资金累计净流出2711.01万元。 风险提示：股市有风险，投资需谨慎。 ...

Core Viewpoint - The article discusses the recent bankruptcy protection filing by Marelli, a major global automotive parts supplier, highlighting the challenges faced by the company and the potential ripple effects on the automotive industry [4][40]. Group 1: Company Background - Marelli, founded in 1891, has a long history of success in the automotive parts industry, initially gaining traction with ignition components and later expanding into various automotive technologies [8][11][14]. - By 2006, Marelli had become a significant player with annual sales reaching €4.5 billion and operations in 15 countries [21]. - The company was acquired by Fiat in 1967 and later merged with another parts supplier, creating a combined entity that ranked among the top automotive suppliers globally [17][30]. Group 2: Recent Challenges - Marelli's troubles began in 2019 when its parent company, Fiat Chrysler Automobiles, faced significant losses, leading to a sale attempt of Marelli [25][27]. - The COVID-19 pandemic severely impacted global automotive sales, with Marelli's revenue plummeting from €14.6 billion in 2018 to €10.4 billion in 2020, nearly halving [32]. - Internal management issues, including conflicting operational philosophies between Japanese and European teams, exacerbated Marelli's challenges, leading to production inefficiencies and loss of contracts [33][36][40]. Group 3: Bankruptcy and Restructuring - In June 2023, Marelli filed for Chapter 11 bankruptcy protection in the U.S., allowing the company to restructure its debts while retaining management control [67][70]. - The company has proposed two restructuring plans, one involving a potential acquisition by Motherson Group, which has faced resistance from creditors due to unfavorable terms [74][76]. - A second plan involves securing $1.1 billion in financing from creditors to stabilize operations, with an automatic conversion of debt to equity if no better offers arise [78][79]. Group 4: Industry Implications - Marelli's bankruptcy highlights broader issues in the automotive supply chain, particularly the impact of declining sales from major clients like Nissan and Stellantis [48][49]. - The company has missed critical opportunities in the transition to electric vehicles, with a significant portion of its revenue still tied to traditional internal combustion engine components [50][51]. - The evolving global trade policies, particularly tariffs imposed by the U.S., have further strained Marelli's operations, emphasizing the need for adaptability in the automotive sector [54][55].