5 Biggest Car Companies in the World
The automobile was invented by German engineer Carl Benz in 1885. In such a short time, no other invention has had such an impact on humanity. Moreover, it has revolutionized transportation, making it easier and faster to travel short and long distances.
Today, cars are one of the world’s biggest industries. Every year, the biggest car companies sell millions of units and generate billions of dollars in revenue. The fact that more cars exist on the planet than people shouldn’t come as a surprise. From relatively cheap to middle-class to very expensive luxury cars, car manufacturers offer cars in different sizes, for different purposes, and in different price ranges. Over several decades, some car models have remained popular best-sellers. Thus, it is only logical that the biggest car companies worldwide are also among the biggest companies in the world.
Based on the most recent data, the following ranking shows the top 10 biggest car companies by revenue. You’ve likely heard of all those car manufacturers, but you may be surprised at the order in which they appear.
1. Volkswagen
Volkswagen AG
Revenue: $263.6 billion
Foundation Year: 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
Foundation Year: 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
Foundation Year: 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
Foundation Year: 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
Foundation Year: 1948
Based in: Tokyo, Japan
Cars produced last year: ~ 4.4 million
Number of employees: ~ 211,000
Owned Car Brands: Honda, Acura
