Core Viewpoint - Jiangling Motors (000550) has denied rumors regarding the merger of Jiangling Ford into Changan Ford, stating that there are currently no plans for asset restructuring or integration [1][4]. Group 1: Company Background - Jiangling Motors entered the Chinese commercial vehicle market in 1995 through a partnership with Ford, launching the "Jiangling Ford Transit" in 1997, which gained wide recognition for its quality and reliability [5]. - Changan Ford was established in 2001 as a joint venture between Ford and Changan Automobile, with both holding a 50% stake. The first model, Fiesta, was launched in 2003, followed by other models like Mondeo and Focus [5]. - Jiangling Ford was jointly established by Jiangling Motors and Ford in 2021, with Jiangling holding a 51% stake and Ford 49%. The model range includes SUVs, MPVs, and light commercial vehicles [5]. Group 2: Market Performance - Changan Ford faced significant pressure in the competitive automotive market, with cumulative sales of approximately 77,000 units from January to May this year, marking a continuous decline for five months [5]. - Jiangling Ford has also experienced market pressure, with projected passenger vehicle sales of 48,000, 39,000, and 35,000 units from 2022 to 2024, indicating a consecutive decline over two years [5].

Core Viewpoint - Ford's strategy in China has shifted from ambitious growth plans to a more conservative approach focused on profitability, with recent signs of recovery in 2024 after years of losses [5][6][23]. Group 1: Strategic Shifts and Performance - In 2017, Ford announced its "China 2025 Plan," aiming to launch over 50 new models by the end of 2025, including 8 new SUVs and at least 15 electric vehicles [1][2]. - After six years of declining sales and losses, Ford China finally achieved profitability in 2024, earning $600 million, a significant turnaround from a $1.1 billion loss in 2018 [6][20]. - Ford's global revenue reached $176.2 billion, with the Ford Blue segment (traditional vehicles) generating $101.9 billion in revenue and $5.3 billion in profit, while the electric vehicle segment (Model e) reported $3.9 billion in revenue but a loss of $5.1 billion [7][13]. Group 2: Market Adaptation and Challenges - Ford's recent profitability in China is attributed to a strategic shift towards high-margin products and a reduction in low-margin offerings, focusing on personalized models [14][15]. - The company has leveraged its partnerships with Changan and Jiangling to establish China as a global export hub, with a 60% increase in exports in 2024, totaling 170,000 vehicles [16][17]. - Despite the positive performance, Ford faces challenges due to potential trade wars and tariffs, which could jeopardize its export strategy and profitability [4][22]. Group 3: Future Directions and Recommendations - Ford must accelerate local R&D efforts to develop a robust vehicle platform in China, addressing the unique preferences of Chinese consumers [29]. - The company needs to enhance its electric vehicle strategy, moving beyond a few imported models to a comprehensive platform that caters to the A and B segments [29]. - Ford's commercial vehicle segment remains a potential growth area, with opportunities to digitize fleet management and enhance after-sales services [30]. Group 4: Brand Perception and Market Position - Ford's brand image among younger consumers is mixed, necessitating a comprehensive rebranding strategy to resonate with the under-30 demographic [31]. - The competitive landscape in China is increasingly challenging, with local brands advancing rapidly in technology and pricing, leaving Ford at risk of falling behind [37]. - The year 2025 will be critical for Ford to demonstrate its ability to adapt and thrive in the Chinese market, moving beyond mere survival to a more aggressive market presence [38][40].

这些车型的消逝，不仅宣告了内燃机性能车与家用轿车的黄金时代终结，更折射出市场对智能化、新能源的狂热追逐——当"冰箱彩电大沙发"成为新 宠，燃油车时代的王者，难抵时代洪流的冲刷。 奔驰A级车将停产 奔驰已经确认A级车将停产，并且未来不会推出新一代车型。 撰文 / 路 行 设计 / shelly 全球汽车业接连传出标志性车型停产消息——诞生于1964年的迈锐宝，曾以千万销量铸就传奇，却因内饰老旧、品牌式微及生产线转型电动化而无奈 退场； "东瀛战神"GT-R R35终结18年征程，母公司处于风雨飘摇之中； 曾创下月销4万辆神话的福克斯，在自主品牌崛起与电动化战略的双重夹击下 走向沉寂。 除此之外，奔驰A级车、凯迪拉克XT4亦宣布退出历史舞台。这也是全球汽车产业剧变的缩影，燃油车时代的明星，在电动化与消费需求变革的浪潮 中渐行渐远。 这些车型的谢幕，表面看是销量持续低迷的直接结果，更深层的原因直指传统轿车市场的萎缩与电动化趋势的双重挤压：一方面，SUV热潮与消费偏 好转向大空间、高实用性车型，挤压了紧凑型轿车生存空间；另一方面，全球电动化进程加速，车企研发资源向电动平台倾斜，燃油车尤其是利润微 薄的入门级车型，逐渐 ...

以下文章来源于差评汽车部 ，作者脖子哥 差评汽车部 . 车企不会说的，技术没看懂的，看车不会选的，都来差评汽车部！ 来源丨差评汽车部（ID：xpin_automobile） 撰文丨白日梦 编辑丨面线 & 脖子右拧 图源丨midjourney 曾经的经典车型，现在一个接一个告别了。 前几天，福特发了一个官方通告，福特将在 2025 年 11 月正式停产福克斯车型。因为后续没有替代车 型，福克斯这么有名的车，也就撒由那拉了。 我说它是福特在中国市场最经典的一款车，并且没有之一，应该没人反对吧？多少人的第一款车选的就 是福克斯，来评论区来说说。 就算你没有买过，你身边一定也有人开过。在俺们编辑部里，就有两位福克斯车主： 可能不少人看到这个新闻都是会略带惊讶，这么经典的车型也 g 了？但其实它的停产，早就板上钉钉。 因为在 2023 年的时候，拿中国市场来说，福克斯的月销量就已经掉到了个位数。是的，你没有看错，一 个月只卖几台。能撑到今年已经够可以了。 而福特那边，也没什么要救救的意思，并且还老早表态，在福克斯上不会搞电动化转型。现在福特的心 思，要么花在电动化上，要么是 Bronco 、野马这种玩乐车。 惋惜归惋惜 ...

Core Viewpoint - The automotive industry is undergoing a significant transformation driven by electrification and intelligence, leading to the discontinuation of classic models like Mazda6 and Ford Focus, which once defined the golden age of family sedans [6][5][22]. Group 1: Discontinuation of Classic Models - Mazda has officially confirmed the end of Mazda6 production globally, which had already ceased in Japan last December, with overseas production ending as parts run out [3]. - Ford also announced that its Saarlouis plant in Germany will stop producing the Focus in November, marking the end of another iconic model [4]. - The discontinuation of these models signals a shift in the automotive landscape, where traditional fuel vehicles are being phased out in favor of electric and intelligent vehicles [6]. Group 2: Historical Significance of Mazda6 - Mazda6, first launched in 2002, was a flagship model for Mazda, known for its unique design and driving dynamics, which set it apart from competitors like Honda Accord and Volkswagen Passat [8][12]. - The model achieved global sales exceeding 3 million units, with nearly one-third of those sales coming from the Chinese market [19]. - However, the decline in sales was evident, with Japanese domestic sales plummeting from 25,000 units in 2003 to just 2,000 units in 2022 [17]. Group 3: Market Challenges and Strategic Shifts - Mazda's sales in China have been declining, with a 14.71% drop in cumulative sales in 2024, highlighting the brand's struggles in a competitive market [24]. - The introduction of the electric model EZ-6, intended as a successor to Mazda6, has not performed well, with sales figures showing a significant decline [25]. - Mazda is shifting its focus towards SUVs and crossovers, which are expected to account for over 70% of its product lineup, as part of a strategy to concentrate resources on high-profit models [27]. Group 4: Broader Industry Trends - The automotive industry is witnessing a trend where many classic models are being phased out due to the need for companies to balance profitability and survival amid the electrification wave [22][31]. - Ford's experience with the Focus illustrates the challenges faced by traditional automakers, as the model's profitability has significantly declined, leading to a strategic pivot towards electric vehicles and high-margin products [30].

Macro - The National People's Congress (NPC) is set to enhance the legal framework for the socialist market economy, including laws to promote the private economy and financial regulations [4] - The NPC will hold a press conference on March 9, addressing issues related to civil affairs, employment, housing, and health [4] - The Ministry of Commerce is actively engaging with foreign enterprises in Beijing to address their investment concerns [4] Domestic Stock Market - During the Two Sessions, proposals were made to strengthen investor protection and expedite the development of the REITs market [7][8] - There is a noticeable normalization in IPO activities, with some brokerages indicating an increase in project submissions [7] - A significant number of A-share companies are planning to list in Hong Kong, driven by globalization and favorable policy environments [8] Industry - Huawei has officially established a healthcare division, signaling its entry into the AI medical industry [12] - DeepSeek is gaining traction as a leading AI application, with significant interest from Microsoft and recognition in global rankings [12] - The demand for computing power is increasing, with major contracts signed for substantial amounts, indicating growth in the sector [13] International Stock Market - Japanese automakers reported mixed results in new car sales in China, with Toyota seeing a 15% increase while Honda and Nissan experienced declines [18] - The U.S. Department of Justice is investigating potential price-fixing in the egg market, focusing on major suppliers [18] - Porsche SE anticipates a significant loss in the upcoming fiscal year due to non-cash impairment losses [19] Commodity - Waste paper prices have risen significantly due to increased demand and rising costs of raw materials [21] Bonds - The NPC is establishing a government debt management reporting system to address debt risks and ensure stability [22] - Chengde Bank has been approved to issue 3.5 billion yuan in perpetual bonds [22]