With millions of units sold annually and billions upon billions of dollars in revenue, cars are currently one of the largest industries in the world.
Today's vehicles come in a variety of shapes, sizes, and price points, from relatively affordable vehicles to middle-class vehicles to very expensive luxury vehicles.
After the epidemic year, the automotive industry's sales increased. The world's automakers are still focusing on electric automobiles and trucks.
The world's top automakers offer a variety of vehicles, including sedans, hatchbacks, SUVs, trucks, buses, and electric cars.
Below, we take a closer look at the top 10 automakers based on 12-month trailing revenue. The top 5 vehicle brands in the world as of 2022 are listed below.
One of the biggest manufacturers in the world is the Volkswagen Group. With a $302 billion revenue, the company is known for owning well-known automakers like Volkswagen Passenger Cars, Audi, SEAT, Skoda, and others.
In addition, the company manufactures parts and provides customer financing and fleet management services.
To modernize its main automotive industry, the corporation has established its "TOGETHER - Strategy 2025" future program. Among other things, this program calls for the introduction of more than 30 fully electric vehicles by 2025.
The biggest automaker in the world is Toyota Motor Corporation. It was the first foreign manufacturer to establish a commanding market share in the American auto industry by establishing the benchmark for effectiveness and quality.
More than 50 overseas production facilities, located in 30 different nations and regions of the world, including North America, Latin America, Africa, Asia-Oceania, and Europe, are used by the corporation to produce its products. The annual revenue of Toyota Motors is $245 billion.
Founded in Germany, Daimler is a global manufacturer of automobiles. Vehicles are produced by the firm under a variety of brands, including Daimler, Mercedes-Benz, FUSO, Western Star, smart, and others. Daimler generates about $174 billion in revenue.
Founded in Delaware in 1919, Ford Motor Company is a multinational American car manufacturer. The business creates, produces, and provides maintenance for automobiles, SUVs, vans, and trucks.
The company manufactures and supports a comprehensive line of Ford cars, trucks, electric vehicles, etc. with roughly 200,000 employees globally and $135 billion in revenue.
General Motors is an American multinational automaker. The company designs and manufactures automobiles, trucks, and auto parts. The GM has 180,000 employees from 70+ countries and a revenue of more than $130 billion.
the rest of the list includes some other manufacturers including BMW, Fiat Chrysler, Kia Hyundai group and Nissan Motors.