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Volkswagen: Analyst/Patrick Hummel

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  • In October 2022, Patrick Hummel projected that profits of European and U.S. automakers such as Ford and General Motors will likely decline by 50% in 2023[1]. His forecasts were a significant miss as these companies ended up performing way better in 2023[2][3].

References

  1. ↑ https://www.bloomberg.com/news/articles/2022-10-10/ford-and-peers-face-50-profit-slump-next-year-ubs-analysts-say
  2. ↑ https://investor.gm.com/news-releases/news-release-details/gm-releases-2023-fourth-quarter-and-full-year-results-and-2024
  3. ↑ https://s201.q4cdn.com/693218008/files/doc_financials/2023/q4/2-6-24-Ford-Delivers-Solid-2023-Provides-Outlook-for-Healthy-24-Company-Declares-Regular-Supplemental-Stock-Dividends.pdf
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