The automobile industry has been offering people a lot of luxurious, comfortable, and fast cars, and people love traveling in those cars. But do you know how much they earn every year? Stick to this article to learn who are the top 10 car manufacturers and how much revenue they make.
Cars were originally steam-powered and were invented in the year 1769, and have evolved since then. It was the year 1886 when the first car that ran on gasoline was invented, and that’s the power source that is being used ever since.
Car manufacturing companies earn millions and billions of revenues every year because cars are needed by everyone. Some buy them for adding to their collection, and others buy them for a life of comfort.
Here are the Top 10 Car Manufacturers
10. Nissan- If you are a fan of fast cars, you surely would have heard the name Nissan. This Japanese car manufacturing company earned around revenue of $92 billion last year. Not only does it sell cars by its name, but it also owns two other companies, which are Datsun and Infiniti.
9. BMW- This German company is known for its stylish, comfortable, and luxurious cars as well as motorcycles. Many people do not know that its full form is Bayerische Motoren Werke which is German for Bavarian Motor Works. This car manufacturing company earned nearly $120 billion in revenue. BMW also owns two famous companies- Rolls-Royce and Mini, and we all know their legacy of producing F1, sports, and touring cars.
8. SAIC- The Chinese motor company that goes by the name SAIC or Shanghai Automotive Industry Corporation is very famous in the west for the MG cars. Apart from MG, this corporation owns Maxus, Roewe, and Yuejin. This company earned a grand revenue of $122 billion last year. SAIC is one of the best in the field of manufacturing new energy cars and intelligent technologies, which makes it the only Chinese company that made it to the list.
7. Mitsubishi Motors- Mitsubishi’s history began in 1870, and after that, this company has evolved again and again. Being the world’s first country to mass-produce EV, the small i-MiEV cars, it made the world acknowledge it. After earning a whopping revenue of $135 billion in 2021, this company became one of the top 10 car manufacturers in the world.
6. General Motors- Right beside German, Japanese, and Chinese companies, General Motors- an American motor company, also made it to the list as they generated a huge revenue of $137.2 billion in 2021. General Motors manufactures trucks that play a huge role in generating that revenue. Apart from trucks, big brands like Cadillac, Buick, and Chevrolet that are owned by General Motors also helped a lot in making money.
5. Honda- The name Honda is hardly unknown to anyone as it has sold millions of cars in almost every country of the world. Starting in the year 1948 as a bicycle engine manufacturing company, this Japanese automobile company has come a long way, earning around $137.2 billion last year. This company produces cars for Acura as well, which helped in earning that revenue.
4. Ford- Who does not know the American car manufacturers Ford. The marvelous legacy was created by Henry Ford in the year 1903. This company is one of the oldest car manufacturing companies in America, and last year, it made $156 billion. This huge revenue made it number 4 on the list.
3. Daimler- Manufacturing cars, trucks, buses, and vans is Daimler’s specialty, and that’s what helps it in becoming one of the best and successful automobile companies. Daimler made a massive $193 billion after manufacturing automobile vehicles for Mercedes-Benz, Fuso, and Smart. The company has further decided to focus more on green technology and promote emission-free driving as much as possible.
2. Toyota- The name speaks for itself. Toyota got second place in the top 10 car manufactures because of the enormous revenue of $272 billion. Toyota is famous all around the world, and its 55% revenue comes from Japanese and North American regions. That tells how favorite Toyota cars are. Other brands such as Lexus, Daihatsu, Ranz owned by it also helped the automobile giant become the second wealthiest car manufacturer globally.
1. Volkswagen- It was a bit predictable, wasn’t it? Volkswagen is the wealthiest car manufacturer in the world with its $290 billion enormous revenue earned in the year 2021. The reason behind it is simple. Volkswagen owns many big names in the car industry, such as Audi, MAN, Lamborghini, Bentley, Porsche, Bugatti, SEAT, and Skoda that played a crucial role in generating this revenue.
Conclusion
Car manufacturers make and deliver millions of cars every year. These companies made it this big by offering luxurious, comfortable, fast, and safe cars to the people. From the ordinary public to billionaires, everyone loves the car, and these companies are most trustable when you need to buy a car.
We hope that this article offers you knowledge about the Top 10 car manufacturers as per revenue and you can buy yourselves one after knowing these companies by reading this article.
