大众汽车下调了 2025 年利润预期，原因是保时捷的电动汽车延误和需求疲软，损害了股价。 Volkswagen cut 2025 profit forecast due to Porsche's EV delays and weak demand, hurting shares.

德意志大众股价在达克指数上下跌4.9%,表现最差,该指数在修改其2025年营业利预测后将其从4%-5%降至2%-3%,理由是保时捷推迟推出电动汽车和战略转变造成的51亿欧元负面影响. Volkswagen shares fell 4.9% on the DAX, the worst performer, after revising its 2025 operating margin forecast to 2%-3% from 4%-5%, citing a €5.1 billion negative impact from Porsche’s delayed EV launches and strategic shift. 保时捷将其利润率前景从5%-7%降至最高2%,将下降归因于对EV需求疲软,特别是在中国,以及美国关税不断上涨。 Porsche lowered its profit margin outlook to a maximum of 2% from 5%-7%, attributing the drop to weak EV demand, especially in China, and rising U.S. tariffs. 汽车制造商记录了30亿欧元的非现金减值收费和31亿欧元的营业利润损失,导致大众汽车公司预期汽车业务净现金流量为零,低于10至30亿欧元。 The automaker recorded a €3 billion non-cash impairment charge and a €3.1 billion hit to operating profit, leading Volkswagen to expect zero net cash flow from automotive operations, down from €1-3 billion. 分析员对长期品牌和产品周期风险表示关切,而联邦统计局对大众股票保持中立评级。 Analysts expressed concern over long-term brand and product cycle risks, while UBS maintained a neutral rating on Volkswagen stock.