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今年4月起，美国政府大幅提高自欧盟进口汽车关税，重创欧洲汽车产业，德国主要车企集体陷入利润暴跌困境。欧美新协议虽将欧盟输美汽车关税从25%降至15% ，暂时避免全面贸易战，但德国制造业困境未解除，高出口成本与政策不确定性持续削弱车企信心。
宝马、梅赛德斯 – 奔驰、大众等德国主要车企2025年上半年财报显示利润普遍大幅下滑，多家企业指出美国高关税政策是财务承压主因。宝马上半年收入同比降8.2% ，净利润下滑29% ；奔驰上半年净利润近乎腰斩；大众上半年销售收入同比下降0.3% ，保时捷因关税额外支出约4亿欧元。同时，德国车企现金流状况恶化，三大汽车制造商今年现金流或合计减少约100亿欧元，车企纷纷下调增长预期。
德国车企业绩下...新能源车企。
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