Daimler says all costs under scrutiny after moderate start to 2019

The Mercedes logo is seen on a Vision Mercedes-Maybach Ultimate Luxury show car ahead of the Daimler annual shareholder meeting in Berlin, Germany, May 22, 2019. REUTERS/Hannibal Hanschke

BERLIN (Reuters) – German luxury carmaker Daimler said all costs were under scrutiny after reporting a moderate start to the year and affirmed its full-year forecast.

“Everything is under scrutiny: fixed and variable costs, material and personnel costs, investment projects, vertical integration and the product range,” outgoing CEO Dieter Zetsche said in a statement on Wednesday just before Daimler’s annual general meeting in Berlin.

Reporting by Ilona Wissenbach; Writing by Thomas Seythal; Editing by Riham Alkousaa

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