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EV Slump, China Plunge to Hit Mercedes Profitability | Bloomberg The Pulse 07/26/24
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July 26, 2024
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42:13Now PlayingMercedes-Benz Group trimmed the upper range of a key margin forecast on the back of a subdued outlook and strong competition in China, chiming with other carmaker warnings. The company now expects returns in a range of 10% to 11% from its core automaking business, after previously saying margins could be as high as 12%. In the US, Vice President Kamala Harris said she pressed Israeli Prime Minister Benjamin Netanyahu to accept a cease-fire and warned him about the civilian death toll in Gaza during a meeting.
Today's guests: Louise Dudley, Federated Hermes; Jean Jacques Morin, Accor Deputy CEO; Simon Chadwick, Skema Business School
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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