In this article we will look at the most famous car manufacturers in the world. You can skip our discussion of auto industry growth and go The 5 largest car companies in the world.
Over the years, advances in vehicle technology and production have facilitated the development of the automotive industry into a thriving industry. By creating new job opportunities, automakers have significantly improved the world economy. However, since this industry generates a lot of taxes and revenue with forex, it is vital in the market. To increase profits, many automakers around the world produce significant numbers of vehicles. As of 2021, the production of cars and other motor vehicles in the US market was worth $82.6 billion.
The United States ranks second in the global automobile market with 8.8 million vehicles produced in 2020. By 2030, global automotive industry sales are expected to be close to $9 trillion.
In this article we have listed some of the best car manufacturers in the world. We selected these companies based on their market capitalization.
10. Nissan engine
Market cap: $12 billion
Nissan Motor Corporation (TYO: 7201) is a popular automaker founded in 1933 in the Japanese city of Yokohama.
Since then, the company has grown into a global company with a significant presence on every continent. Nissan Motor (TYO: 7201) sells and manufactures vehicles such as cars, buses, and trucks, as well as other closely related auto products. The company has customers in over 160 different nations and production facilities in 20 countries. It currently employs 134,111 people. Nissan Motor (TYO: 7201) operates several well-known international brands that manufacture a wide range of goods. The company’s popular, groundbreaking products include the super-efficient Nismo and the all-electric Nissan Leaf.
The group invests heavily in “green” technologies such as hybrids, economical internal combustion engines and clean diesel. The company attaches great importance to the development of zero-emission vehicles such as fuel cells and electric cars. Nissan (TYO: 7201) is known for its business practices that involve the creation of strategic collaborations.
Market cap: $27 billion
Hyundai (KRX: 005380) is a South Korean automobile manufacturer founded in 1967. The company’s headquarters are located in Seoul, South Korea.
Hyundai (KRX: 005380) is engaged in vehicle manufacturing and sales, provides customers with financial services such as insurance and credit, and builds railways. Hyundai (KRX: 005380) offers well-known vehicles in every market segment, including SUVs, sedans, hatchbacks and more like the Civic, i10 series, Accent and Elantra. Around 75,000 employees work for the organization worldwide.
8. Honda engine
Market cap: $37 billion
Honda Motor (TYO: 7267) is a Japanese multinational automotive company with a global presence. They manufacture and sell cars, airplanes, and motorcycles, and provide financial services, such as insurance and loans, to their customers. With 89 production facilities in 33 nations and sales in approximately 140 countries, Honda (TYO: 7267) employs 204,305 people worldwide. Honda’s Civic and Accord are two of the most well-known vehicles and they continue to dominate the North American market with significant sales.
In 1959, the company opened a factory in America and called it American Honda Motor Co.
Market Cap: $49 billion
The BMW Group (ETR:BMW), also known as the Bayerische Motoren Werke Group, is one of the largest manufacturers of luxury cars and motorcycles and one of the most well-known automobile manufacturers in the world.
In addition, the company is a premium provider of mobility and financial services. BMW (ETR: BMW) was founded in 1916 and is headquartered in Munich, Germany. It has developed into an international company with more than 30 assembly and production sites in numerous countries and a worldwide sales network. More than 118,909 people work for the company.
The core BMW (ETR:BMW) model includes BMWi, an electric car with aerodynamics and lightweight construction. Other models include the BMW M, which has a sporty appeal and is a leader in motorsport functionality.
In 1917, the company was the first to build an aircraft engine with aluminum pistons. This company’s robust culture is its greatest asset.
6. Ford engine
Market Cap: $47 billion
In 1919, the American multinational automaker Ford Motor (NYSE:F) was founded in Delaware. Ford Motor (NYSE:F) manufactures and services a comprehensive line of Ford electric vehicles, trucks and automobiles with around 183,000 Employees worldwide. Ford Motors’ automotive brands include Lincoln and Ford. In 2008, the company’s recovery from the Great Recession was an example to follow. The company revitalized and restructured its operations to accomplish this feat. The company earned the distinction of being one of the top US companies by revenue.
Since its inception, Ford Motor (NYSE:F) has ranked among the top automotive companies in the world thanks to the launch of numerous models including the Lincoln Navigator, F-150, Focus Electric, EcoSport and the all-new Expedition and Fest.
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Disclosure: None. The 10 Biggest Car Companies in the World was originally published on Insider Monkey.