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With the growth and competition in different industries, in this New Year, the largest Car Manufacturers are also in the game. The value of the global automobile market in the year of 2019 was around $1400 billion. Yes, you read that right, and the news is that this value is estimated to expand 3% in the coming five years and might reach up to $1700 billion.
Many new automakers are entering the market with the latest technology and advanced options to make your automobile experience worth the money. The race has been going neck to neck, and all the vehicle companies are competing to become the best car manufacturer in the world.
In today’s My Mind Speaks article, we have listed some of the huge brands that are in the list of the largest car manufacturers in the world.
Not a surprise for people who have an interest in the automobile business. Toyota has been ruling the vehicle markets for ages and never fails to prove that it is the best car manufacturer in the world. Whether we talk about revenue or production, Toyota is always number one. This giant company was founded in 1937 by Kiichiro Toyoda in Japan. With amazing car production and user satisfaction, Toyota has been on the path of making history by reaching the annual production capacity of ten million cars. In 2012, Toyota also manufactured its 200 millionth car.
There is no second opinion about the fact that Toyota is the largest car manufacturer in the world as it has always welcomed innovation and advancement to provide its customers with 100% product satisfaction.
Just like Toyota, Volkswagen is another best car manufacturer in the world. The average production of cars is 10,700 million every year. At Wolfsburg, Germany the Volkswagen was founded in 1937 by the German Labor Front. The Volkswagen Group has partnered numerous cars brands which are considered amazing by the people, Porsche, Lamborghini, Audi AG, Bentley are the few of the many amazing cars Volkswagen has partnered with. The empire of Volkswagen’s automobile brands generated US$278.3 billion in sales in 2018.
The successful launch of SUVs in North America by Volkswagen has made it more popular amongst the buyers.
When we are talking about the best car manufacturer in the world, how can we miss out on the ever amazing Ford? Being one of the best automobile companies in the world since ages, Ford was not able to impress its fan in the year 2018, and made sales just around 6 million cars, whereas the average revenue of Ford in around $150 billion. The lesser-known fact about this giant automobile company is that it has more than 90 car manufacturing plants all across the globe.
One of the most trusted names in the automobile market is General Motors. Buyers have their trust in General Motors all around the world. In 1908, William C. Durant, Charles Stewart Mott, and Frederic L. Smith at Detroit founded GM at Michigan, United States. The annual revenue of General Motors is more than $52 billion and has an employee network of 180,000 people in around 35 countries. As per the records updated in 2017, General Motors produces nine million vehicles per year.
In Europe and America, Daimler has an amazing market presence. The company was previously known as Daimler-Benz and was establishes in 1926 by Karl Benz and Gottlieb Daimler at Stuttgart, Germany. This spectacular automobile company manufactures some amazing car brands like Mercedes-AMG, Maybach, Mercedes-Benz, etc. The average car production of Daimler is 3.3 million every year. And the number of employees working in this huge company is 289,000.
Another best car manufacturer in the world is Honda. And we do not know under which rock you live if you haven’t get your hands on any of the Honda productions. It is one of the most commonly seen car brands on the roads. The average production of the internal combustion engine at Honda is 14 million. A self-taught engineer, Soichiro Honda, founded this amazing car manufacturing company in 1948. In 2010, Honda was the seventh-largest car manufacturer in the world.
The global presence of BMW is in almost every country around the world. Karl Rapp founded BMW in 1916 in Munich, Germany. Rolls Royce, BMW M, BMW-i, and Mini are the best sellers at the BMW Company. It is estimated that the annual car production at BMW is 2.7 million per year. The employee network of BMW consists of 129,000 personnel. In the race of luxury car manufacturers, BMW has always won with flying colors.
This incredible car manufacturing company was named after an engineer, Nikola Tesla. In 2003 Martin Eberhard, Marc Tarpenning, Elon Musk, Ian Wright, and JB Straubel founded this company in California, the United States, intending to provide the best vehicle experience to the customers. Tesla Inc. generates annual revenue of $12 million every year with almost 35,000 car productions.
The headquarter of this car manufacturing company is in Yokohama, Japan, and is considered as the Japanese largest car manufacturer in the world. The annual vehicle production of Nissan is around 5.5 million vehicles. Some of the popular car brands which this company owns are Datsun, Infiniti, Nismo, Nissan, etc. The annual turnaround of Nissan is around $41 billion. The company has over 142,000 employees across the globe.
Suzuki Motors is one of the popular largest car manufacturers, and its units can be seen on the roads quite commonly. According to a report in 2008, Suzuki generates 2.6 million vehicles every year. It has 35 production facilities in over 23 countries. Michio Suzuki founded Suzuki Motors in 1909.
In the first few years, Suzuki only manufactured big vehicles, but then they also hit the market with their compact cars, and no doubt, everybody loves Suzuki cars. Suzuki is also one of the largest motorcycle manufacturing companies.