The automotive industry is a driving force of the global economy, with car manufacturers producing millions of vehicles each year for consumers around the world. In this article, we take a look at the top 10 car companies in the world, ranked by revenue.
We’ll also provide a brief overview of each company, including its year of foundation, location, and the number of employees. Additionally, we’ll highlight some of the car brands owned by each company, giving you a sense of the scope and reach of each company’s operations.
Top 10 Car Companies In the World
10. Toyota
Founded in 1937, based in Toyota City, Japan, Toyota is the largest car manufacturer in the world by revenue. In 2020, the company produced over 10 million vehicles and employed over 366,000 people. Some of the car brands owned by Toyota include Lexus, Toyota, and Scion.
9. Volkswagen GroupÂ
Founded in 1937, based in Wolfsburg, Germany, Volkswagen Group is the second-largest car manufacturer in the world by revenue. In 2020, the company produced over 10 million vehicles and employed over 634,000 people. Some of the car brands owned by the Volkswagen Group include Audi, Bentley, Bugatti, Lamborghini, Porsche, and Volkswagen.
8. General MotorsÂ
Founded in 1908, based in Detroit, Michigan, USA, General Motors is the third-largest car manufacturer in the world by revenue. In 2020, the company produced over 8 million vehicles and employed over 180,000 people. Some of the car brands owned by General Motors include Chevrolet, Buick, GMC, Cadillac, and Holden.
7. Ford Motor CompanyÂ
Founded in 1903, based in Dearborn, Michigan, USA, Ford Motor Company is the fourth-largest car manufacturer in the world by revenue. In 2020, the company produced over 5.5 million vehicles and employed over 199,000 people. Some of the car brands owned by Ford Motor Company include Ford, Lincoln, and Troller.
6. Renault-Nissan-Mitsubishi AllianceÂ
Founded in 1999, based in Paris, France, Renault-Nissan-Mitsubishi Alliance is the fifth-largest car manufacturer in the world by revenue. In 2020, the alliance produced over 10 million vehicles and employed over 450,000 people. Some of the car brands owned by the alliance include Renault, Nissan, Infiniti, Datsun, and Mitsubishi.
5. Hyundai Motor GroupÂ
Founded in 1967, based in Seoul, South Korea, Hyundai Motor Group is the sixth-largest car manufacturer in the world by revenue. In 2020, the company produced over 7 million vehicles and employed over 250,000 people. Some of the car brands owned by Hyundai Motor Group include Hyundai, Kia, and Genesis.
4. Daimler AGÂ
Founded in 1926, based in Stuttgart, Germany, Daimler AG is the seventh-largest car manufacturer in the world by revenue. In 2020, the company produced over 3 million vehicles and employed over 300,000 people. Some of the car brands owned by Daimler AG include Mercedes-Benz, Smart, and Maybach.
3. BMW GroupÂ
Founded in 1916, based in Munich, Germany, BMW Group is the eighth-largest car manufacturer in the world by revenue. In 2020, the company produced over 2.5 million vehicles and employed over 134,000 people. Some of the car brands owned by BMW Group include BMW, Mini, and Rolls-Royce.
2. Honda Motor CompanyÂ
Founded in 1948, based in Minato, Tokyo, Japan, Honda Motor Company is the ninth-largest car manufacturer in the world by revenue. In 2020, the company produced over 5 million vehicles and employed over 198,000 people. Some of the car brands owned by Honda Motor Company include Honda and Acura.
1. Suzuki Motor CorporationÂ
Founded in 1909, based in Hamamatsu, Shizuoka, Japan, Suzuki Motor Corporation is the tenth-largest car manufacturer in the world by revenue. In 2020, the company produced over 3 million vehicles and employed over 45,000 people. Some of the car brands owned by Suzuki Motor Corporation include Suzuki, Maruti Suzuki, and Vitara.
Ending:
The top 10 car companies in the world represent a diverse range of automotive manufacturers, with a presence in every corner of the globe. From Toyota, the largest car manufacturer in the world, to Suzuki Motor Corporation, the tenth-largest, these companies produce a wide range of vehicles, from sedans and SUVs to luxury cars and electric vehicles. Whether you’re in the market for a new car or simply curious about the global automotive industry, this list of top car companies is a great place to start.
