Top 10 Car Companies in the World
The automobile industry is a global business, with tens of millions of cars and trucks being sold each year. The automotive industry’s importance to the world economy can not be understated – it accounts for more than three trillion dollars in annual revenue according to some estimates. There are many different types of vehicles on the market, so finding one that suits your needs won’t be too difficult.
The automobile industry has a huge impact on society, and it influences many other areas such as design, engineering, manufacturing and marketing. There are thousands of companies that make automobiles all over the world – from small family-owned businesses to multinational conglomerates.
Automobiles have come so far in just the past decade alone; they’re more fuel efficient, safer, and almost as easy to drive as a video game! This article will take you on a tour around 10 of the most popular automobile companies in the world. You’ll get an idea for how these companies started out and what makes them unique from one another.
With the advent of automobiles, many companies have been established to meet the desire for more and better vehicles. People in different countries have their own preferences when it comes to cars, so there are a lot of automobile manufacturers in the world.
Top 10 Best Automobile Companies in World 2023
Here are the best Automobile Companies in the World 2023:
- Nissan – Revenue: $ 96 Billion
- BMW [Bayerische Motoren Werke AG] – Revenue: $ 117 Billion
- Fiat Chrysler Automobiles – Revenue: $ 121 Billion
- SAIC – Revenue: $ 121 Billion
- General Motors – Revenue: $ 137 Billion
- Honda – Revenue: $ 142 Billion
- Ford – Revenue: $ 150 Billion
- Daimler AG – Revenue: $ 189 Billion
- Volkswagen – Revenue: $ 275 Billion
- Toyota – Revenue: $ 281 Billion
11. Tesla Motors, Inc. – 31.54 billion USD
Tesla, Inc. is an American company that sells electric cars and other products related to this industry. The Tesla Model S was one of the first commercially available all-electric vehicles on the market in North America, helped popularize plug-in electric vehicles. This is one of the best Automobile Companies in the World 2023.
Tesla’s current product line includes a variety of models including Solar City solar panels as well as battery energy storage units for home use or grid scale applications.
Tesla was named after the Nikola Tesla who is an inventor and engineer recognized for his contributions to the use of alternating current electricity in Europe and America. The company produces all electric vehicles, from a sports car called Roadster to sedans like Model S sedan and Model X SUV.
10. Nissan – Revenue: $ 96 Billion
- Founded: 1933
- Headquarters: Yokohama, Japan.
“Nissan Motor Company Ltd. (Japanese)” is a multinational automaker headquartered in Nishi-ku, Yokohama, Japan and part of the Renault–Nissan Alliance. The company sells its cars under the Nissan brand with international headquarters located in Nishi-ku, Yokohama.
Nissan was established in 1933 and has produced its first car “DAT-GO” in 1934. The company’s rapid growth led it to become one of Japan’s largest by the mid 1960s. In 2001 Nissan entered into a strategic alliance with Renault S.A., a French automaker, and established the Renault-Nissan Alliance. This is one of the top 10 Car Companies in the World 2023.
Nissan is the world’s largest electric vehicle manufacturer. They sell cars under three different brands and produce their own performance tuning products labeled Nismo, tracing their name to Nissan zaibatsu from before it was called “Nissan Group.” The top-selling fully electric car in the company’s lineup is LEAF which has sold more than 320,000 units worldwide as of April 2018.
9. BMW [Bayerische Motoren Werke AG] – Revenue: $ 117 Billion
BMW is a German automotive company and they are one of the world’s largest producers of luxury vehicles. They have been producing automobiles since 1916, with their first motorcycle in 1923, production cars in 1928 and public buses from 1936 onwards. BMW was originally founded as an aircraft engine manufacturer but after World War II it became known for its motorcycles and automobiles. The company now produces a range of luxury vehicles with BMW, MINI and Rolls-Royce Motor Cars as subsidiaries of the company.
BMW was originally founded in 1916 by Karl Rapp under the name ” Rapp Motorenwerke.” The company’s best selling car is the BMW 320i E21 which had sold over 700,000 units by 1972 when production ceased in Western Europe.
The BMW Group is a multinational automobile manufacturer headquartered in Munich, Germany. It operates 31 production and assembly sites across 14 countries as well has 140 global representation points with over 124,000 employees worldwide. This is one of the best Automobile Companies in the World 2023.
8. Fiat Chrysler Automobiles – Revenue: $ 121 Billion
The company was founded in 1899 by John Pierpont “J.P.” Morgan and William Durant as the Maxwell-Chalmers Company, an American automobile manufacturer based in Detroit. The carmaker then merged with Daimler AG to become Mercedes-Benz (Daimler) or just Daimler AG from 1995 until 1998 after Chrysler Corporation’s 1998 merger with Daimler-Benz.
Fiat Chrysler Automobiles is an Italian multinational automobile manufacturer headquartered in Turin, Italy. It was established on January 29th, 2014 after Fiat Group automotive companies capital tie up of FCA and SPA (subsidiaries).
The company employs about 31,400 people around the world. This is one of the best Automobile Companies in the World 2023.
The FCA Group has been in operation for over 100 years and is a large conglomerate with many different automotive brands such as Alfa Romeo, Fiat Professional, Chrysler Dodge Jeep®, Lancia Maserati. The group also includes companies that specialize in production systems like Comau or Teksid which supply the necessary materials to produce cars.
7. SAIC – Revenue: $ 121 Billion
SAIC (Shanghai Automotive Industry Corporation) is the largest vehicle manufacturer in China and one of the world’s top ten companies by volume. It is headquartered in Shanghai, with production bases covering more than 260,000 square meters. The company has a workforce of over 190,000 employees and produces mechanical components for commercial trucks, buses, and motorcycles.
SAIC is the only Chinese carmaker to be listed among the World’s Ten Biggest Manufacturers by volume in 2016. The company has more than 100 branches and subsidiaries with a total investment reaching $13 billion USD. This is one of the top 10 Car Companies in the World 2023.
The history of SAIC dates back to 1953 when it was founded as an automotive assembly factory .
In the following years, it expanded its operations to include other automotive-related businesses such as engine manufacturing. In 1998 SAIC established a joint venture with General Motors Corporation (GM) called Shanghai GM, which is now one of China’s leading car manufacturers and among the world’s ten biggest companies by volume in 2016.
In 2019, SAIC Motor achieved sales of 6.238 million vehicles and took 22.7% market share in China’s auto industry while selling 185,000 new energy cars with a 30.4% year-on-year increase from 2018 to become the leader in Chinese electric car production as it maintains more rapid growth than its competitors like BYD Auto Corporation that sold only 17,400 NEVs for an 11th place ranking domestically within local manufacturers even though they own 42 percent of the global battery cell manufacturing capacity against SAIC Motor Company who has about 20%.
It also ranked first among domestic automobile groups by exporting 350 thousand automobiles which is 26.5% higher than last years numbers!
6. General Motors – Revenue: $ 137 Billion
General Motors Corporation
GM was founded by William Durant on September 16, 1908. The original name of the company at founding was General Motors Company but it changed to its present-day legal name around July 1940 while still keeping the initials “The company has headquarters in Detroit, Michigan and is the oldest automobile manufacturer that still exists today.
In 2009 GM’s global sales were at their highest level ever with over 15 million vehicles sold worldwide. In 2010 they became one of the few carmakers to offer a plug-in hybrid, the Chevrolet Volt. This is one of the top 10 Car Companies in the World 2023.
In 2010 GM overtook Nissan and Volkswagen to become the world’s largest carmaker as measured by number of cars produced.
The company has a number of joint ventures with other companies including SAIC Motor Company (SAIC) in China, AvtoVAZ which is Russia’s biggest automotive manufacturer and Isuzu Motors Ltd. in Japan.
The GM is the only company with a fully integrated solution to produce self-driving vehicles at scale. The Company has committed itself to an all electric future and 2.6 billion EV miles have been driven by drivers of five GM electrified models, including Chevrolet Bolt EV which made it possible for people around the world to experience zero emissions cars in real life situations without compromise on performance or design
The innovative designs from General Motors helped save 35 million gallons worth gasoline per year while avoiding 312,000 metric tons CO2 pollution through 14 new vehicle launches last year alone.
5. Honda – Revenue: $ 142 Billion
Honda is one of the leading automotive companies in Japan, and is also a big player on global shores.
The company has been able to produce its own motorcycles for nearly 100 years now as an innovation leader in technology. Honda’s electric car division was established back in 2013 with Honda FCX Clarity which set out to be “the first mass -produced hydrogen fuel cell passenger car”. This is one of the top 10 Car Companies in the World 2023.
Honda prefers to take the long-term approach with its green technology. The company says that “by 2020, CO² emissions from Honda’s automotive products will be reduced by 50% compared to 2000 levels”
It plans to keep up this trend in order to meet and exceed new stricter emissions standards. Honda is also working on putting out a plug-in hybrid, and has already begun mass production of the Honda Clarity Fuel Cell Vehicle.
Approximately 90% of Honda’s motorcycle units on a group basis were sold in Asia. Approximately 42% of Honda’s automobile units (including sales under the Acura brand) on a group basis were sold in Asia followed by 37%.
The next largest regions for sale to be North America with 14%, and Japan being last at only 16%. Around 48% of their power products unit was also purchased within North America, 25% coming from Asian buyers while Europe had 16%.
4. Ford – Revenue: $ 150 Billion
Ford is an American multinational automaker headquartered in Dearborn, Michigan.
- Headquarters: Dearborn, Mich., USA
- Revenue: $ 150 billion (2016)
- Employees: 197,000+ (2016)
- Founded by Henry Ford on June 16th, 1903
- Ownership Type: Public company
Ford creates automobiles that are built to last. They can be found on the road and in many dealerships worldwide, but their focus is not just about building fast cars for speed lovers. Ford also has other innovative features like self-driving services which make them a one stop shop when it comes to transportation needs! This is one of the best Automobile Companies in the World 2023.
The Ford Motor Company designs, manufactures, markets and services a full line of cars. They also provide financial services through the company’s subsidiary; they are pursuing leadership positions in electrification for vehicles as well as self-driving service with their new mobility solution called “Sync Connect.”
3. Daimler AG – Revenue: $ 189 Billion
Daimler AG is the world’s oldest and largest automotive company, which was founded in 1926. They offer financial services through their subsidiaries as well; they can be found all across Germany with a large presence in Asia. Their specialization includes vehicles for private individuals that are offered under the Mercedes-Benz brand name, trucks for commercial use (branded as Mercedes-Benz Trucks), buses, coaches and passenger cars. This is one of the best Automobile Companies in the World 2023.
Daimler is a German multinational automotive corporation that was founded in the year 1886. You may be familiar with their vehicles, which include Mercedes-Benz and Smart cars, but they also have an arm of business for mobility services such as vehicle financing and fleet management.
2. Volkswagen – Revenue: $ 275 Billion
Volkswagen is a German multinational automotive company that was founded in 1937. They are headquartered in Wolfsburg, Germany and sell their vehicles all over the world. This includes brands such as Audi, Porsche, SEAT or VW. The group sells about one million cars per day across the whole globe which makes them the largest car manufacturer on earth. This is one of the best Automobile Companies in the World 2023.
Volkswagen Passenger Cars is the global leader in moving people forward with their vision of “Moving People and Driving Them Forward.” Volkswagen Passenger Cars has a strategy called TRANSFORM 2025+ which centers on innovation, technology and quality within the volume segment to become one of best car brands globally. With 6 million vehicles delivered worldwide last year, they are showing that this goal may be possible soon enough!
1. Toyota – Revenue: $281 Billion
Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi Prefecture. The company employs approximately 375,000 people worldwide and maintains an annual production of more than
14 million vehicles. It was the world’s first automobile manufacturing business to produce more than ten million cars per year which they did for the first time in 2002. This is one of the best Automobile Companies in the World 2023.
Toyota is the world’s largest automotive manufacturer by sales and production, with Toyota Crown being best-selling car model for 24 years straight between 1987 to 2010. The company pioneered many of its existing models including hybrids such as Prius and Aqua; diesel powered engines like Lexus RX450h, Camry Hybrid, and Highlander Hybrid.
The establishment of Toyoda Automatic Loom Works in 1926, which followed Kiichiro’s visit to Europe and the US. As an innovator, he returned home with new knowledge that helped him found Toyota Motor Corporation in 1937.
With £100k from selling his loom patent rights Sakichi had recieved before succumbing to tuberculosis, it was possible for their son Kiichiro (founder of what is now known as the largest car company) create a corporation that has since become one amongst The Top 10 Automobile Manufacturers Worldwide.
With so many of the top automobile companies in the world, it can be hard to pick just one favorite. But with a little research and careful consideration for your needs, you’ll find an auto company that is perfect for you! Which carmaker are you most excited about? Let us know below in the comment section.