Car companies have become one of the world’s most dominant businesses. As the global demand for cars has risen, the automobile industry has grown steadily. And this can be seen from the sales of automobiles. With the first car that was built in 1885 by Karl Benz to the latest model of the 21st century, automobiles have not only grown but have changed dramatically.
The biggest automotive companies in the world not only concentrate on technology but also put a similar priority on their vehicles after-sales. Such leading car manufacturers introduce new versions every year to simplify and speed up travel. All of these factors give these brands greater market enthusiasm. The more features and revenues it is, the better it is to distinguish the strongest from the worst.
Out of many car companies in the world, the leading ones are selling their automobiles in more than 100 countries. Let us take a look at the top ten leading car manufacturers worldwide.
1. Toyota Motor Corporation
Named after its founder Kiichiro Toyoda, Toyota is the largest and number one company in the world. It is a Japanese car company that has a market capitalization of 211 billion dollars. The reason for standing at number one position is for manufacturing the best and most lasting vehicles than any other car manufacturer out there. This is why Toyota is the world’s famous car manufacturers and has won many awards for producing the most reliable automobile products. Toyota is the only company that claims to invest $1 million per hour for its development and research of their company.
This Motor Company now works with 5 labels throughout the world, including the Toyota brands Lexus, Daihatsu, Ranz, and Hino. With its 53 plants in 28 countries worldwide, Toyota is selling its automobiles in more than 170 different nations.
With the market capitalization of 95 billion dollars, Volkswagen stands at second-best car manufacturers of the world. This one is a German car company and was founded in 1937. Volkswagen stands for people’s cars and is believed to be the European largest car company with its headquarters at Wolfsburg, Germany.
VW operates worldwide under eight different brands, which include Audi, Bentley, Porsche, Lamborghini, Seat, Skoda, and Bugatti. Besides assembling a tremendous and famous range of cars, Volkswagen also manufactures trucks, buses, and vans. This car company is currently owning its unit in 31 countries, and selling in more than 153 different countries of the world.
Daimler is another largest car company in the world, which was founded in 1886. This car company is famous for producing the finest and premium luxury cars in the world and has a market capitalization of 68.5 billion dollars. It split into the five categories Mercedes-Benz cars and vans along with Daimler’s trucks, buses, and financial services.
Daimler has the manufacturing facilities in about 20 countries and is selling its cars from more than 8500 of its retail center across the globe. Every year they deliver over 3 million vehicles to their customers, which includes the world’s wealthy, celebrities like Elizabeth Taylor, Coco Chanel, John Lennon, and many more.
4. General Motors
General Motors was established in 1908 by the Buick founder, Williams Buick. They have a market capitalization of 52.68 billion dollars. The sale of the leading self-driving start-up Cruise Automation in 2016 has made General Motors an overnight participant in the high-crowd driverless automotive market.
This most successful automotive manufacturer in Europe owns 11 different brands, including Baojun, Jiefang, Buick, Onstar, Cadillac, Opel, Chevrolet, Vauxhall, GMC, Wuling, and Holden. General Motors manufactures its vehicles in 35 countries and operates in more than 125 countries in the world.
5. Honda Motors
Honda is another leading car company that is popular for manufacturing famous cars, like Civic and Accord. This Japanese firm stepped in the field of automotive in 1949, by introducing its first product, called the Dream, a motorbike. And now, with the market value of 46 billion dollars, this company is responsible for the production and selling of vehicles, bikes, and the aircraft as well. Honda is also providing financial services to its clients, including credit and insurance of the automotive. In 33 countries, Honda has nearly 89 of its car manufacturing units and is operating in 140 nations worldwide.
The thought of luxury cars in the world made our minds automatically count for the BMW on the list. It is another German-based company that started operating in 1916. BMW was one of the world’s largest auto companies and supplied aircraft motors until 1945. This company has a market capitalization of about 42 billion dollars, it is now manufacturing automobiles, motorcycles, and financial services. The company manufactures motors under three brands: Audi, Rolls Royce, and MINI.
BMW is selling its vehicles in more than 140 countries, with 31 production units that operate in 14 different countries.