Car manufacturers are also competing to provide cars that sell various advantages such as luxury, price, design, to fuel efficiency.
Given that many people use cars, it’s no surprise that the automaker is one of the most valuable companies in the world with billions of dollars in revenue per year.
But on the other hand, the increasing population of vehicles in various cities in the world makes the roads more congested. Congestion has even begun to penetrate small cities, including in Indonesia.
The following is a list of the 7 largest car manufacturers in the world summarized by revenue released by each company in 2019.
1. Toyota’s first car manufacturers
Over the past few years, Toyota Motor Corp. has almost always been in the first rank as the car manufacturer with the largest revenue in the world. The Japanese auto giant posted revenue of 272 billion US dollars in 2019, the largest among other automotive companies globally.
2. Volkswagen’s second car manufacturers
The second position of the world’s largest automotive company is occupied by the German manufacturer, Volkswagen. This company is the owner of the brands Audi, Porsche, Buggati, and Lamborghini. As the market leader on the streets of Continental Europe, Volkswagen recorded revenues of 252 billion euros. The company is based in Wolfsburg.
Daimler is the third-largest automotive company in the world as well as the second-largest in Germany in terms of revenue. Daimler’s revenue in 2019 was 173 billion euros or about 193 billion US dollars. Daimler is the owner of the Mercedes Benz, Daimler, Western Star, and Fuso trucks. The company’s production center and offices are located in Stuttgart.
Ford is by far the largest car manufacturer in the United States. In the world, his position is ranked fourth. Ford’s revenue in 2019 was 155.9 billion US dollars. Some of Ford’s well-known brands include Fusion, Mustang, Edge, Escape, F-150, and Ranger.
The second-largest Japanese manufacturer after Toyota, namely Honda, ranks fifth as the largest automotive company in the world. In addition, Honda’s revenue in 2019 was 143 billion US dollars. Some of Honda’s well-known brands include Civic, Odyssey, and Accord. In Indonesia, Honda has the Brio and Jazz brands which are quite a in demand.
6. General Motors
General Motors is the most popular car company in the US after Ford. Not only cars, but this company also produces various kinds of trucks. So, Battery Manufacturer in the World The main brands owned by General Motors are GMC, Chevrolet, Cadillac, and Buick. In 2019, General Motors recorded revenues of 137 billion US dollars.
Bayerische Motoren Werke or more familiarly known as BMW is the next largest German automotive company. Therefore, the company is the seventh-largest car manufacturer in the world. BMW is the owner of the Mini, BMW, and Rolls Royce brands of vehicles. As a result, BMW’s revenue in 2019 was 104 billion euros or about 114 billion US dollars.Tags: automotive, companies