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