The world largest car manufacturing company

The world’s largest automobile manufacturers have been announced. According to the Forbes Global 2000 list, which includes the 2000 largest companies in the world, the companies with the highest sales and profits in the world were ranked. According to the ranking created by evaluating the four criteria, namely sales, profit, asset and market value of the companies, it became clear which of the largest automotive companies in the world is.

In the current list for 2023, there are no big surprises in the ranking of the largest automobile companies in the world. Automakers based in Central Europe and Far Asia came to the fore in the list. Toyota took the first place on the list, followed by Volkswagen and Mercedes. Here are the automakers on the list of the world’s largest automotive manufacturers:

1. Toyota Motors

• Country: Japan
• Sales: $270.49 billion
• Brand value: $188.2 billion

Toyota Motor Corporation is the world’s largest automotive company with a wide range of models and manufacturing in varying fields. Toyota retained its position as the world’s largest automaker.

2. Volkswagen Group

• Country: Germany
• Sales: $293.47 billion
• Brand value: $70.16 billion

Volkswagen AG is an automobile company established by the German Automotive Association in Germany in 1937 for the production of single model public car. The name of the company means “people’s car” in German.

3. Mercedes-Benz Group

• Country: Germany
• Sales: $158.78 billion
• Brand value: $78.49 billion

Mercedes-Benz Group, previously called Daimler AG, is one of the leading companies in the German automobile industry. It is headquartered in Stuttgart, Germany. With the separation of the construction equipment and truck unit as Daimler Truck, Daimler AG’s passenger car area was named Mercedes-Benz Group.

4. BMW Group

• Country: Germany
• Sales: $154.25 billion
• Brand value: $75.77 billion

Bayerische Motoren Werke Aktiengesellschaft, or BMW by its common abbreviation, is a German manufacturer of automobiles, motorcycles, engines and bicycles, founded in 1916. BMW also owns the auto companies Mini and Rolls-Royce.

5. Stellantis

• Country: Netherlands
• Sales: $188.75 billion
• Brand value: $49.84 billion

Stellantis is the automobile company that emerged from the merger between Fiat Chrysler Automobiles and the French PSA Group. Headquartered in Amsterdam, the company has many well-known automobile brands.

6. Tesla

• Country: USA
• Sales: $86.03 billion
• Brand value: $539 billion

It is a US-based automaker that produces high-performance electric cars. Tesla, owned by Elon Musk, is one of the most valuable automakers.

7. General Motors

• Country: USA
• Sales: $160.74 billion
• Brand value: $46.23 billion

General Motors is a Detroit-based company founded in the USA in 1908. Buick, Cadillac, Chevrolet, GMC brands are the most important brands. Holden has a significant stake in foreign brands such as Wuling, Baojun, and FAW Jiefang, GM Uzbekistan, SAIC-GM-Wuling.

8. Hyundai Motor

• Country: South Korea
• Sales: $124.68 billion
• Brand value: $38.94 billion

Hyundai Motor Group is an automobile manufacturer based in South Korea. The company was founded in September 2000 as Hyundai Kia Automotive Group and is the country’s largest automobile manufacturer. The company’s headquarters is located in Seoul’s Seocho district.

9. Honda Engine

• Country: Japan
• Sales: $124.68 billion
• Brand value: $44.94 billion

Honda is a Japanese automotive company founded in 1948 by Soichiro Honda in Japan. The company, which initially produced motorcycles, has become a company that produces automobiles, water engines, robots, power equipment, engines and aircraft over time.

10. Ford Motor

• Country: USA
• Sales: $165.06 billion
• Brand value: $47.79 billion

Ford Motor Company was founded by Henry Ford on June 16, 1903 in Highland Park, Michigan, USA. It is currently headquartered in Dearborn, Michigan. Ford Motor Company, one of the leaders of the automotive industry, which stepped into the world’s first automobile production in Michigan, manufactures and distributes vehicles in 200 markets in 6 continents.

11. Porsche Automobil Holding

• Country: Germany
• Sales: $41.27 billion
• Brand value: $115.76 billion

It is a German-based automobile company. Stutgart-based holding is known for its significant investments in the automobile sector. The company is also the main shareholder of Volkswagen AG and has majority voting rights.

12. KIA

• Country: South Korea
• Sales: $70.17 billion
• Brand value: $26.04 billion

Founded in 1994 in Seoul, it is South Korea’s first automobile manufacturer. Its ownership passed to the consortium of Hyundai Motor Company and Daimler-Chrysler in 1998 and has made great strides since then. It is South Korea’s second largest automaker.

13. SAIC Motor

• Country: China
• Sales: $102.5 billion
• Brand value: $26.04 billion

SAIC Motor Corporation Limited is a Chinese state-owned automotive company headquartered in Shanghai. SAIC is China’s largest vehicle manufacturer. In 2006 SAIC bought the Rover brand of the bankrupt MG Rover Group.

14. Nissan Motor

• Country: Japan
• Sales: $74.28 billion
• Brand value: $14.52 billion

Nissan Jidōsha Kabushiki Gaisha, or Nissan in abbreviated form, is a Japanese multinational automotive company. Founded for the first time in 1910, the company was renamed Nissan after the merger in 1934. In 1989, Nissan launched a luxury car brand in the US under the name Infiniti.

15. Suzuki Motor

• Country: Japan
• Sales: $33.51 billion
• Brand value: $17.22 billion

Suzuki manufactures automobiles, motorcycles, off-road vehicles, marine engines and various other small internal combustion engines. It was established in 1909.

16. Volvo Car

• Country: Sweden
• Sales: $33.83 billion
• Brand value: $11.28 billion

Swedish automotive giant Volvo is an automaker that produces passenger cars and SUVs. Volvo Car was sold by the Volvo Group to Ford Motor Company in 1999 and then to Chinese Geely in 2010.

17. Subaru

• Country: Japan
• Sales: $26.95 billion
• Brand value: $12.57 billion

Subaru is a Japanese automaker founded in 1953 by Fuji Heavy Industries. Toyota owns 16.5% of the shares of Subaru’s parent company, Fuji Heavy Industries.

18. Tata Motors

• Country: India
• Sales: $40.5 billion
• Brand value: $22.49 billion

Tata Motors was founded in 1945 by Mr. Ratan Naval is an Indian automobile manufacturer founded by Tata. In 1954, he established a partnership with German Daimler-Benz for the production of commercial vehicles and this partnership ended in 1969.

19. Isuzu Motors

• Country: Japan
• Sales: $23.38 billion
• Brand value: $9.28 billion

Japanese automaker Isuzu Motors is headquartered in Tokyo. Founded in 1937, the company is one of the world’s largest automotive manufacturers.

20. Mazda Motor

• Country: Japan
• Sales: $27.78 billion
• Brand value: $5.74 billion

Mazda is an automaker based in Japan. Operating in many sectors, Mazda is also known for producing luxury cars.