YOU NEED TO KNOW THIS… THE 10 BIGGEST CAR COMPANIES IN THE WORLD 2022

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)