The automobile industry plays a significant role in the global economy by creating vehicles that efficiently move people and products across entire continents and inside individual countries. These businesses create automobiles, vans, sport utility vehicles, and trucks (SUVs). Some even manufacture motorcycles, off-road vehicles, and commercial vehicles including buses and trucks for delivery. Today, the global automobile industry is one of the largest. The largest automakers sell millions of units annually and bring in billions upon billions of dollars in income.
So, it should come as no surprise that there are currently more cars on the planet than people. Today’s car manufacturers produce vehicles in a variety of sizes, for a variety of needs, and at a variety of price points, from middle-class to very expensive luxury vehicles. Even after several decades, some car models still manage to sell well. The following list represents the ten biggest car manufacturing companies in the world, according to the most available data. You are probably already familiar with all of those businesses, but you might be surprised by the ranking in which they are listed.
10. HYUNDAI
- Revenue: $110.25 billion approx. (in 2022)
- Founded In: 1967
- Headquarters: Seoul, South Korea
- Cars Produced:04 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 105,000 approx.
- Owned Car Brands: Ioniq, Hyundai, Genesis, Kia
A global South Korean automaker, Hyundai Motor Corporation makes a variety of vehicles, including automobiles, SUVs, and commercial vehicles. The business was established in 1967, and its head office is located in Seoul, South Korea. With factories in South Korea, the US, China, Europe, and other nations, Hyundai has become the tenth among the ten biggest car manufacturing companies in the world. The business is well renowned for producing high-quality automobiles, and its design, functionality, and safety features have earned it countless accolades.
Hyundai has been a pioneer in the development of electric vehicles (EVs) and has made significant investments in R&D to create cutting-edge and environmentally friendly mobility solutions. The firm sells a variety of hybrid and electric cars, like as the Ioniq and Kona Electric, and it has plans to roll out more electric models in the future. Hyundai produces engines, transmissions, and other parts for own cars as well as those of other manufacturers in addition to its automotive industry. The business has expanded into other sectors as well, such as steel, construction, and banking.
9. STELLANTIS
- Revenue: $189.21 billion approx. (in 2022)
- Founded In: 2021
- Headquarters: Amsterdam, North Holland, Netherlands
- Cars Produced:04 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 400,000 approx.
- Owned Car Brands: DS Automobiles, RAM, DS Automobiles, RAM, Peugeot, Citroen, Jeep, Lancia, Maserati, Fiat, Chrysler, Vauxhall, Alfa Romeo, Opel
An international manufacturer of automobiles, Stellantis is situated in Amsterdam, the Netherlands. It was created in 2021 as a result of the union of Fiat Chrysler Automobiles (FCA) and Groupe PSA, two significant automakers. As of right now, according to manufacturing volume, Stellantis is the fourth-largest carmaker in the world. Its diverse portfolio of brands includes Jeep, Ram, Dodge, Chrysler, Fiat, Alfa Romeo, Maserati, Peugeot, Citroen, DS, Opel, and Vauxhall.
Stellantis has 29 production facilities worldwide and conducts business in more than 130 nations. The company is focused on creating cutting-edge and environmentally friendly mobility solutions, such as electric and hybrid automobiles. By 2025, Stellantis wants to electrify every vehicle in its lineup and significantly reduce the carbon footprint of its operations.
8. SAIC
- Revenue: $114 billion approx. (in 2022)
- Founded In: 1955
- Headquarters: Anting, Shanghai, China
- Cars Produced:4 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 145,000 approx.
- Owned Car Brands: MG, Roewe, SAIC, Nanjing, Maxus
Located in Shanghai, China, SAIC (Shanghai Automotive Industry Company) is a state-owned Chinese automobile manufacturing business and comes in at number eight among the ten biggest car manufacturing companies in the world. One of China’s leading automakers, the business was established in 1955 and produces a variety of products, including passenger automobiles, commercial vehicles, and components. With a number of foreign automakers, including General Motors, Volkswagen, and Jaguar Land Rover, SAIC has joint ventures and collaborations.
SAIC has widened its global reach and gained access to cutting-edge technologies thanks to these relationships. SAIC has concentrated on creating electric and driverless car technology recently. The business debuted the MG EZS, an all-electric SUV, in 2019. It has also shown a number of concept cars that demonstrate their capabilities for autonomous driving.
7. BAYERISCHE MOTOREN WERKE AG
- Revenue: $141.8 billion approx. (in 2022)
- Founded In: 1916
- Headquarters: Munich, Bavaria, Germany
- Cars Produced:21 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 133,000 approx.
- Owned Car Brands: Rolls-Royce, BMW, Mini
German multinational company BMW (Bayerische Motoren Werke AG) manufactures high-end cars and motorcycles. The company was established in 1916 as a producer of aircraft engines, then in the 1920s and 1930s, it started making motorbikes and cars. German automaker BMW has its corporate headquarters in Munich. It is renowned for its high-performance cars, cutting-edge technology, and distinctive styling.
The 3 Series, 5 Series, and 7 Series sedans, as well as the X1, X3, and X5 SUVs, are a few of the popular BMW models. BMW produces motorbikes under the BMW Motorrad brand in addition to its automotive business. BMW is also well-known in motorsports, such as Formula One and endurance racing.
6. GENERAL MOTORS COMPANY
- Revenue: $156.7 billion approx. (in 2022)
- Founded In: 1908
- Headquarters: Detroit, Michigan, USA
- Cars Produced:29 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 155,000 approx.
- Owned Car Brands: Buick, GMC, Chevrolet, Cadillac
William C. Durant established General Motors in 1908, and since then it has expanded to operate in more than a hundred nations. GM has made a substantial contribution to the automotive industry over the years by introducing cutting-edge technology and manufacturing techniques that have shaped contemporary automobiles. General Motors (GM) is a global business with headquarters in Detroit, Michigan, in the United States. Sixth biggest automaker among the ten biggest car manufacturing companies in the world, it creates, produces, and markets a variety of cars, trucks, and SUVs. Chevrolet, Buick, GMC, and Cadillac are a few of the well-known GM brands.
Over the years, GM has also encountered a number of issues, such as financial hardships, labor disputes, and fierce competition from other automakers. But, the business has persisted in adapting and developing, and it now focuses on creating cutting-edge technology like electric and driverless vehicles.
5. HONDA
- Revenue: $125.1 billion approx. (in 2022)
- Founded In: 1948
- Headquarters: Minato, Tokyo, Japan
- Cars Produced:1 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 211,000 approx.
- Owned Car Brands: Acura, Honda
Honda is a worldwide company with headquarters in Japan that produces cars, motorcycles, and power tools. Soichiro Honda and Takeo Fujisawa began the company in 1948, and it has since expanded to rank among the biggest automakers in the world. Honda manufactures power tools including generators, lawnmowers, and snowblowers in addition to cars and motorcycles. The business is renowned for emphasizing technological innovation, and it has created a number of well-liked models throughout the years, including the Civic and Accord cars as well as the Gold Wing and Super Cub motorbikes.
The company’s luxury car business is called Acura. Also, the business offers financial and insurance services. With its global headquarters in Tokyo, Japan, Honda maintains activities in other nations. The business is strongly committed to sustainability and has taken a number of steps to lessen its negative environmental effects, including the creation of hybrid and electric automobiles.
4. FORD MOTOR COMPANY
- Revenue: $158 billion approx. (in 2022)
- Founded In: 1903
- Headquarters: Dearborn, Michigan, USA
- Cars Produced:9 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 186,000 approx.
- Owned Car Brands: Lincoln, Ford
Henry Ford created the American multinational automaker Ford in 1903. The corporation, which has its corporate headquarters in Dearborn, Michigan, is well-known for producing cars, trucks, SUVs, and commercial vehicles. One of the biggest and most established automakers in the world, Ford is known for its innovative mass-production methods.
Due to the launch of the Explorer SUV, Escape, Mustang sports car, Edge, and F-Series pickup trucks, as well as a brand-new Lincoln Navigator the company is in fourth position among the ten biggest car manufacturing companies in the world. Ford runs a financial services segment that provides loans and leases to consumers in addition to its car business. Due to its operations throughout North and South America, Europe, Asia, and Africa, the corporation has a significant presence in the international market.
3. MERCEDES-BENZ AG
- Revenue: $153.95 billion approx. (in 2022)
- Founded In: 1926
- Headquarters: Baden-Wurttemberg, Germany
- Cars Produced:09 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 288,000 approx.
- Owned Car Brands: Smart, Mercedes-Benz
German luxury automaker Mercedes-Benz is a division of the Daimler AG business. Stuttgart, Germany serves as the company’s headquarters. It was established in 1926. Mercedes-Benz has a reputation for creativity and engineering prowess in addition to being known for its premium automobiles, trucks, and buses. A variety of vehicles, including luxury cars, sports cars, SUVs, and commercial trucks, are available from the company. It manufactures cars under a variety of brands, including Daimler, Mercedes-Benz, FUSO, Western Star, and others.
For buyers and dealers, Mercedes-Benz also provides financing and leasing plans. Moreover, Mercedes-Benz participates in motorsports, such as Formula One racing. The firm has a lengthy history of creating some of the most recognizable and significant automobiles in automotive history, making it one of the oldest and most reputable automotive brands in the world.
2. TOYOTA MOTOR CORPORATION
- Revenue: $267.02 billion approx. (in 2022)
- Founded In: 1937
- Headquarters: Toyota, Aichi, Japan
- Cars Produced:16 million approx. (in 2021)
- Area Served: Worldwide
- Number Of Employees: 366,000 approx.
- Owned Car Brands: Daihatsu, Toyota, Ranz, Lexus, Hino
Japanese-based global company Toyota. By setting the bar for efficiency and quality, it was the first foreign manufacturer to secure a significant market share in the American auto industry. Toyota designs and manufactures cars, minivans, trucks, and commercial vehicles. Toyota manufactures a wide variety of vehicles under several brands, including Toyota, Lexus, and Scion, including sedans, trucks, and SUVs. The Tacoma, Tundra, Highlander, RAV4, and Camry are a few of the well-known Toyota vehicles.
Toyota is renowned for developing cutting-edge technologies, such as the hybrid drivetrain seen in the Prius and other hybrid vehicles. The company has recently concentrated on creating electric vehicles and has released a number of all-electric and hybrid-electric vehicles on the market. Toyota is known for its dependability and quality, and it frequently receives top marks in customer satisfaction polls. The business has made efforts to lessen its environmental effect and advance social responsibility as part of its commitment to sustainability.
1. VOLKSWAGEN AG
- Revenue: $284.21 billion approx. (in 2022)
- Founded In: 1937
- Headquarters: Wolfsburg, Lower Saxony, Germany
- Cars Produced Last Year: 56 million approx.
- Area Served: Worldwide
- Number Of Employees: 307,000 approx.
- Owned Car Brands: VW, Audi, Lamborghini, Porsche, Bentley, SEAT, Skoda, Bugatti, MAN
Volkswagen is a global manufacturer of automobiles with its headquarters in Germany. It designs and manufactures passenger cars, trucks, and other light commercial vehicles. The Tiguan, Passat, Golf, Jetta, and other automobiles are examples. Due to a decline in the market for smaller automobiles, the business discontinued producing the once-popular Volkswagen Beetle tiny car last year. Volkswagen’s best-known luxury brands are Audi and Porsche. Also, the business produces parts and provides fleet management and client financing services.
Volkswagen has recently been at the heart of a significant scandal surrounding the illegal software that was installed in its diesel engines to evade emissions tests. The scam, which was discovered in 2015, caused serious harm to the company’s finances and reputation. Since then, VW has taken a number of steps to rebuild its reputation with consumers and authorities, including making significant investments in electric vehicle technology.
After discussing the ten biggest car manufacturing companies in the world, we have realized that becoming the best requires constant effort. Every year, one or more automakers will release a new model in an effort to surpass one another and take the top spot. As a result, the dispute will continue to erupt every year. Every carmaker introduces brand-new models equipped with cutting-edge technology, which intensifies competition in the automotive industry.
Q&A
What are the ten biggest car manufacturing companies in the world?
The ten biggest car manufacturing companies in the world are Toyota, Volkswagen, Hyundai-Kia, General Motors, Ford, Honda, Nissan, SAIC Motor, Fiat-Chrysler, and Renault-Nissan-Mitsubishi Alliance. These companies dominate the global car market, producing millions of vehicles each year and generating billions of dollars in revenue.
How many cars does Toyota produce annually?
Toyota produces over 10 million cars annually, making it the largest car manufacturer in the world in terms of production. Toyota is known for its quality and reliability, and it has a diverse range of vehicles, including hybrids, sedans, SUVs, and trucks.
Which car company produces the most hybrid vehicles?
Toyota is the car company that produces the most hybrid vehicles. The Toyota Prius was the first mass-produced hybrid vehicle, and the company continues to be a leader in the development of hybrid and electric vehicles. Toyota has sold millions of hybrid vehicles worldwide, helping to reduce greenhouse gas emissions and promote sustainability.
How many vehicles does Volkswagen produce annually?
Volkswagen produces approximately 10 million vehicles annually, making it one of the largest car manufacturers in the world. The company has a diverse range of brands, including Volkswagen, Audi, Porsche, and Skoda, and it is known for its innovative technology and advanced engineering.
What is the history of Hyundai-Kia Motors?
Hyundai-Kia Motors was founded in 1944 in South Korea and began as a manufacturer of bicycle parts. The company has since grown into one of the largest car manufacturers in the world, producing millions of vehicles each year. Hyundai-Kia is known for its affordable and reliable vehicles, and it has a strong presence in both the domestic and global markets.
Which is the most popular General Motors car brand?
Chevrolet is the most popular General Motors car brand. Chevrolet has a long history, dating back to 1911, and it is known for its wide range of vehicles, including sedans, trucks, and sports cars. The company has a strong presence in the American market, and it is one of the largest car manufacturers in the world.
How many vehicles does Ford produce annually?
Ford produces approximately 6 million vehicles annually, making it one of the largest car manufacturers in the world. The company is known for its innovative technology and advanced engineering, and it has a diverse range of vehicles, including trucks, SUVs, and sports cars. Ford has a strong presence in the American market, and it is a global leader in the development of electric and autonomous vehicles.
What are the most popular Honda car models?
The Honda Civic and Honda Accord are among the most popular Honda car models. Honda is known for its reliable and affordable vehicles, and it has a strong presence in both the domestic and global markets. The company is also a leader in the development of hybrid and electric vehicles, and it has a strong focus on sustainability.
Which is the most popular Nissan car model?
The Nissan Sentra is the most popular Nissan car model. Nissan is known for its innovative technology and advanced engineering, and it has a diverse range of vehicles, including sedans, SUVs, and sports cars. The company has a strong presence in both the domestic and global markets, and it is a leader in the development of electric and autonomous vehicles.
What is the history of SAIC Motor Corporation Limited?
SAIC Motor Corporation Limited was founded in 1955 in Shanghai, China, and it is one of the largest car manufacturers in China. The company has a diverse range of brands, including MG, Roewe, and Maxus, and it is known for its affordable and reliable vehicles. SAIC Motor has a strong presence in the domestic market and is expanding globally, with a focus on electric and autonomous vehicles.
What is the history of Fiat-Chrysler Automobiles?
Fiat-Chrysler Automobiles is a global car company that was established in 2014 through a merger between Fiat, an Italian car manufacturer, and Chrysler, an American car manufacturer. Fiat was founded in 1899 in Turin, Italy, and has a long history of producing stylish and innovative cars. Chrysler, on the other hand, was established in 1925 in Detroit, Michigan, and is known for its expertise in producing rugged and reliable vehicles. The merger between the two companies resulted in a diverse range of brands, including Jeep, Dodge, Ram, Alfa Romeo, and Maserati.
What are the most popular Renault car models?
Renault has a range of popular car models globally, and some of the top-selling models include the Renault Clio, Renault Captur, and Renault Kadjar. The Renault Clio has been a popular model for over three decades, and it is renowned for its stylish design and fuel efficiency. The Renault Captur is a compact SUV that has gained popularity in recent years, while the Renault Kadjar is a mid-size SUV that offers comfort and versatility.
What is the annual revenue of Toyota?
Toyota is one of the largest and most profitable car manufacturers in the world, and its annual revenue in 2020 was $275.4 billion USD, as per the most recent financial reports. The COVID-19 pandemic has impacted the automotive industry, resulting in a decrease in Toyota’s revenue from the previous year. Nevertheless, the company continues to be a major player in the industry.
Which car company has the highest market capitalization?
Tesla is currently the car company with the highest market capitalization in the automotive industry. Its market capitalization surpasses traditional automakers such as Toyota, Volkswagen, and General Motors. The company’s success is attributed to its focus on electric cars and its commitment to innovation.
Which car company is the largest employer in the automotive industry?
Volkswagen is the largest employer in the automotive industry, with over 670,000 employees worldwide. The company is known for its advanced engineering and innovative technology, and it has a strong presence in Europe, Asia, and the Americas.
How many cars has Toyota sold since its inception?
Since its establishment in 1937, Toyota has sold over 200 million vehicles globally, including cars, trucks, and buses. This makes it one of the most successful and profitable car manufacturers in history.
What is the top-selling Volkswagen model?
The Volkswagen Golf is the most popular model produced by Volkswagen, with over 35 million units sold worldwide. The Golf has been a popular model for over 40 years, and it is known for its practicality, comfort, and versatility.
Which Hyundai-Kia car model is the most popular?
The Hyundai Elantra is a globally popular car model produced by Hyundai-Kia. It is a compact car that provides a balance of style, performance, and affordability.
Which is the most popular General Motors pickup truck?
The most popular pickup truck produced by General Motors is the Chevrolet Silverado. The Silverado has been a popular model for over two decades and is known for its ruggedness, durability, and versatility. The Silverado comes in different configurations, including single cab, double cab, and crew cab.
What is the most popular Ford car model?
The Ford F-150 is the most popular car model produced by Ford. The F-150 has been the best-selling vehicle in the United States for over 40 years, and it is renowned for its reliability, toughness, and versatility. The F-150 comes in different configurations, including regular cab, super cab, and super crew.
Which Honda car model has the best fuel efficiency?
The Honda Civic is a car model produced by Honda that has an excellent fuel efficiency of up to 36 miles per gallon in the city and 44 miles per gallon on the highway. The Civic comes in different configurations, including sedan, coupe, and hatchback.
What is the most popular Nissan SUV?
The Nissan Rogue is the most popular SUV produced by Nissan. The Rogue has been a popular model for over a decade, and it is known for its practicality, comfort, and safety features.
What is the most expensive car ever sold?
The most expensive car ever sold is the Bugatti La Voiture Noire, which was sold for $19 million USD in 2019. The car was created as a tribute to the Bugatti Type 57 SC Atlantic, of which only four were made between 1936 and 1938. The La Voiture Noire is a one-of-a-kind car with a 1,500 horsepower engine and a top speed of 260 miles per hour. It features a sleek black carbon fiber body and luxurious interior, and it is considered a masterpiece of automotive engineering and design.
Our Famous Articles:
