'); ?> These Are The World’s Largest Car Manufacturers Today – The Update Times

These Are The World’s Largest Car Manufacturers Today

The automobile sector is growing at a very rapid speed. In terms of revenue, it is one of the largest industries in the world.

Manufacturers are constantly competing to get the top spot in both production and revenue. Many companies are joint ventures, making the classification of top manufacturers complicated. The major manufacturers in the automobile sector are the European, American, Japanese, Korean, and Chinese countries. The basis of comparisons for which company should be placed at the top of the list is endless. Some of them are revenue, market capitalization, and production. Here we will talk about the car companies that have the highest production.

PSA Group: 3,649,742 

It is a French multinational car maker. The legal name for this company is Peugeot SA. Its production output is 3.5 million. It generates a net revenue of €74.731 billion.

v9fi1gm8

Renault: 4,513,589

It is also a France-based company. As it is focused more on the European market, it mostly makes smaller vehicles to suit the narrow streets and roads of Europe. As of 2020, the net revenue of Renault was 3.75 billion euros.

9cstuhqg

Fiat-Chrysler Automobiles: 4,600,847

In 2009, after Chrysler announced its bankruptcy, the Italian small car manufacturer, Fiat, took it over. In January 2020, the company announced its new name, Stellantis.

m3s7jgkg

Honda: 5,235,842

The Japan-based company has been the world’s largest manufacturer of automobiles since 1959. It has produced around 400 million motorcycles and 5.2 million cars. It generates 15.36 trillion euros in revenue.

mu014uqg

Nissan: 5,769,277

Another Japanese company, Nissan, is a part of the Renault-Nissan-Mitsubishi Alliance. The company’s net revenue was 9.878 trillion euros.

cctj6cg

Ford: 6,386,818

Ford is a US-based manufacturing company. It is one of the few companies that was not bailed out by the government during the Global Financial Crisis in 2009. The current worth of Ford is around 12 billion USD.

r4febo0o

General Motors: 6, 856, 800

It is an American automobile manufacturing unit. It is the United States’ largest car manufacturer. Its market is North American-centric. This is the reason GM produces many pickup trucks and SUVs.

jqeagecg

Hyundai/ Kia: 7,218,391

Hyundai Motor Group is a South Korean company whose revenue is roughly 224.1 billion USD. Hyundai and Kia, together, are the 6th and 7th most valuable car manufacturers in the world.

t6e3afoo

Volkswagen Group: 10,382,334

It is a German motor vehicle manufacturer. Its market revenue as of 2020 was 245,600 USD, which makes it the third most valuable unit.

fichm6n8

Toyota: 10,466,051

Toyota is a Japanese manufacturer. It is known for making reliable and high-quality cars. It is the second-most valuable car company, just behind Tesla.

shhnldco

0 Comments

For the latest auto news and reviews, follow carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *