根据LSEG汇总的华尔街平均预期： 调整后每股收益（EPS）：2.44美元；营收：462.81亿美元。 若业绩符合预期，则营收将同比下降3.3%，调整后每股收益同比下降20.3%。通用在2024年第二季度营 收为479.7亿美元，归属于股东的净利润为29.3亿美元，调整后息税前利润（EBIT）为44.4亿美元。 公司在5月因关税调整了全年指引： 通用汽车(GM.N)将于周二美股开盘前公布第二季度财报，投资者正关注特朗普总统的汽车关税将如何 影响其业绩，以及公司是否会更新全年指引。 尽管汽车制造商一直希望关税有所缓解，但特朗普政府对进口汽车及大量汽车零部件的25%关税仍在实 施。 在这一不确定背景下，通用正努力对冲关税风险。上个月，公司宣布将在多家美国工厂投资40亿美元， 包括将两款原在墨西哥生产的车型迁至美国生产或增加其美国产量。公司上周还表示，将把一款燃油 SUV的生产转移至美国，并在其总部所在的密歇根州增加皮卡生产。 通用在5月曾表示，仍有信心抵消至少30%的预期关税成本增幅，但同时下调了2025年盈利指引，将汽 车关税可能带来的影响列为40亿至50亿美元。公司当时表示，其指引已考虑特朗普政府对关税作出的 ...

Core Viewpoint - The automotive industry faces significant challenges in after-sales service, particularly regarding the high costs of maintenance and repairs for fuel vehicles, leading to consumer anxiety about ownership costs [2][4][11]. Group 1: After-sales Challenges - The average maintenance cost for traditional vehicles in 2022 was 2,570 yuan, with repair costs for engines and transmissions ranging from 5,000 to 15,000 yuan [4][11]. - The "zero transparency" in parts pricing and difficulties in obtaining original parts from third-party repair shops contribute to consumer anxiety about vehicle maintenance [4][11]. - The average vehicle ownership period in China is about 6-8 years, meaning that over half of the vehicle's lifespan is spent without warranty coverage, increasing the financial burden on consumers [4][11]. Group 2: Innovative Solutions - FAW-Volkswagen is addressing these consumer pain points by launching a "lifetime warranty" policy for its fuel SUVs, which includes unlimited mileage and time coverage for core systems like engines and transmissions [5][9]. - The policy also includes lifetime warranty coverage for original parts replaced during accident repairs, addressing concerns about depreciation after repairs [6][9]. - The nationwide warranty system, supported by nearly 1,000 authorized dealers, allows for seamless service across the country [7][9]. Group 3: Consumer Benefits - The lifetime warranty policy can save consumers 20%-30% in potential maintenance costs over the vehicle's lifecycle, significantly reducing financial risks associated with repairs [11][13]. - The policy enhances vehicle resale value, as vehicles maintained at authorized service centers have a 2%-3% higher resale rate compared to those serviced at roadside shops [15]. - FAW-Volkswagen's commitment to quality and service is reflected in its extensive dealer network and experienced service teams, ensuring reliable support for consumers [21]. Group 4: Quality Assurance - FAW-Volkswagen's confidence in its products stems from rigorous testing and high manufacturing standards, including extensive road tests and advanced production techniques [17][18]. - The company employs a high level of automation in its manufacturing processes, ensuring consistent quality and reliability in its vehicles [18][21]. - The emphasis on quality assurance and customer service aims to transform the automotive purchase experience, providing consumers with peace of mind and trust in their vehicles [21].