Invented in 1885 by the German engineer Carl Benz, the automobile has undeniably revolutionized the world. Few inventions have had such a profound and rapid impact on humanity. Most notably, it has completely transformed transportation, making short and long-distance travel easier and faster.
Today, the automotive industry is one of the largest in the world. The leading car companies sell millions of units annually and generate revenues in the billions of dollars. Consequently, there are now more cars on Earth than there are humans. Car manufacturers offer a wide range of vehicles in various sizes, catering to different needs and budgets, from affordable models to mid-range options and high-end luxury cars. Some car models even maintain their status as best-sellers over several decades. It is, therefore, logical that the largest car companies also rank among the world’s largest corporations.
The following list ranks the top 10 largest car companies by their generated revenues, based on the most up-to-date data available. You may already be familiar with these car manufacturers, but you might find the order in which they appear in this ranking to be surprising.
Note: This ranking of the Top 10 Largest Car Companies considers the total revenue generated by the biggest car manufacturers as a whole. This means that the revenue generated by individual car brands, which are part of one of the largest car companies, is counted as additional revenue for the parent company to which the respective car brand belongs.
Here it goes:
1. Volkswagen
Volkswagen AG
Revenue: $263.6 billion
Year of Foundation: 1937
Based in: Wolfsburg, Lower Saxony, Germany
Cars produced last year: ~ 8.9 million
Number of employees (worldwide): ~ 307,000
Owned Car Brands: VW, Audi, Porsche, Lamborghini, Bentley, Bugatti, SEAT, Skoda, MAN
2. Toyota
Toyota Motor Corporation
Revenue: $258.7 billion
Year of Foundation: 1937
Based in: Toyota, Aichi, Japan
Cars produced last year: ~ 9.5 million
Number of employees (worldwide): ~ 366,000
Owned Car Brands: Toyota, Lexus, Ranz, Daihatsu, Hino
3. Mercedes-Benz
Mercedes-Benz AG
Revenue: $182.5 billion
Year of Foundation: 1926
Based in: Stuttgart, Baden-Wurttemberg, Germany
Cars produced last year: ~ 2.8 million
Number of employees: ~ 288,000
Owned Car Brands: Mercedes-Benz, Smart
4. Ford
Ford Motor Company
Revenue: $127.1 billion
Year of Foundation: 1903
Based in: Dearborn, Michigan, USA
Cars produced last year: ~ 4.2 million
Number of employees: ~ 186,000
Owned Car Brands: Ford, Lincoln
5. Honda
Honda Motor Company
Revenue: $125.2 billion
Year of Foundation: 1948
Based in: Tokyo, Japan
Cars produced last year: ~ 4.4 million
Number of employees: ~ 211,000
Owned Car Brands: Honda, Acura
6. General Motors
General Motors Company
Revenue: $122.5 billion
Year of Foundation: 1908
Based in: Detroit, Michigan, USA
Cars produced last year: ~ 6.8 million
Number of employees: ~ 155,000
Owned Car Brands: Chevrolet, Cadillac, Buick, GMC
7. BMW
Bayerische Motoren Werke AG
Revenue: $117.1 billion
Year of Foundation: 1916
Based in: Munich, Bavaria, Germany
Cars produced last year: ~ 2.3 million
Number of employees: ~ 133,000
Owned Car Brands: BMW, Mini, Rolls-Royce
8. SAIC
SAIC Motor Corporation Ltd.
Revenue: $107.6 billion
Year of Foundation: 1955
Based in: Shanghai, China
Cars produced last year: ~ 5.6 million
Number of employees: ~ 145,000
Owned Car Brands: SAIC, Maxus, Roewe, Nanjing, MG
9. Stellantis
Stellantis N.V.
Revenue: $104.8 billion
Year of Foundation: 2021 (as a merger between Fiat Chrysler & Peugeot)
Based in: Amsterdam, North Holland, Netherlands
Cars produced last year: ~ 6.2 million
Number of employees: ~ 300,000
Owned Car Brands: Fiat, Chrysler, Peugeot, Citroen, Opel, Vauxhall, Alfa Romeo, Dodge, Jeep, Lancia, Maserati, Abarth, DS Automobiles, RAM
10. Hyundai
Hyundai Motor Company
Revenue: $93.2 billion
Year of Foundation: 1967
Based in: Seoul, South Korea
Cars produced last year: ~ 4.9 million
Number of employees: ~ 105,000
Owned Car Brands: Hyundai, Kia, Genesis, Ioniq
The 10 Biggest Car Companies in the World 2022 (at a glance) (as of February 2022, by most recent revenue numbers in U.S. Dollars)
TOP 10 BIGGEST CAR COMPANIES IN THE WORLD:
1. VOLKSWAGEN
Revenue: $263.6 billion
2. TOYOTA
Revenue: $258.7 billion
3. DAIMLER
Revenue: $182.5 billion
4. FORD
Revenue: $127.1 billion
5. HONDA
Revenue: $125.2 billion
6. GENERAL MOTORS
Revenue: $122.5 billion
7. BMW
Revenue: $117.1 billion
8. SAIC
Revenue: $107.6 billion
9. STELLANTIS
Revenue: $104.8 billion
10. HYUNDAI
Revenue: $93.2 billion
Source: All Top Everything
(Filed by JR AMIGO/ai/mnm)