- Judith Akatugba
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The automobile sector plays a vital role in the global economy by creating vehicles that effectively move goods and people between countries and across continents. These businesses produce sport utility vehicles (SUVs), trucks, vans, and automobiles. Some even manufacture commercial vehicles including buses and transport trucks, motorcycles, and all-terrain vehicles.
The largest automakers offer cars to people and companies all around the world, covering a considerable territory. Although the majority of these large corporations have their headquarters in the top few nations in the sector, foreign automakers are included in the list of the top ten.
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The ten largest automakers are examined in-depth hereunder based on their trailing 12-month (TTM) revenue as of December 21, 2022. The TTM data may be older than it is for companies who report quarterly since some non-US companies report earnings semi-annually rather than quarterly. Only publicly traded corporations in the United States or Canada are included on this list, either directly or through American depositary receipts (ADRs).
#1 Volkswagen AG (VWAGY)
• Revenue (TTM): $284.34 billion
• Net Income (TTM): $19.76 billion
• Market Cap: $81.0 billion
• 1-Year Return (TTM): -36.5%
• Exchange: OTC
Volkswagen (VWAGY) is a global manufacturer of automobiles with its headquarters in Germany. It designs and manufactures trucks, buses, and other light commercial vehicles in addition to passenger automobiles. Models of vehicles include the Jetta, Passat, Tiguan, Golf, and more. Due to a decline in the market for smaller vehicles, the business discontinued production of its once-popular Volkswagen Beetle tiny automobile last year. Porsche and Audi are Volkswagen’s most well-known premium brands. In addition, the business provides fleet management services, client finance, and part manufacturing.
#2 Toyota Motor Corp. (TM)
• Revenue (TTM): $270.58 billion
• Net Income (TTM): $20.39 billion
• Market Cap: $189.4 billion
• 1-Year Return (TTM): -21.8%
• Exchange: New York Stock Exchange (NYSE)
Japan is home to the international company Toyota (TM). By establishing the industry standard for efficiency and quality, it was the first foreign manufacturer to gain a commanding market share in the American automotive industry. Toyota is a car, truck, minivan, and commercial vehicle manufacturer. Corolla, Camry, 4Runner, Tacoma, and the hybrid electric sedan Prius are among the available car models. The company’s luxury car section is called Lexus. Toyota also manufactures accessories and parts and offers financing to dealers and end users.
#3 Stellantis (STLA)
• Revenue (TTM): $181.58 billion
• Net Income (TTM): $16.97 billion
• Market Cap: $45.2 billion
• 1-Year Return (TTM): -15.8%
• Exchange: NYSE
The French carmaker Groupe PSA and the Italian-American automaker FCA (Fiat Chrysler Automobiles) merged in 2021 to form the global automaker Stellantis (STLA). The corporation is a prominent global automobile manufacturer, with a robust presence in Europe, North America, and South America. Stellantis provides a large selection of automobiles under several brands, such as Peugeot, Citroën, DS, Opel, Vauxhall, Jeep, Ram, Dodge, and Chrysler. These vehicles include passenger cars, trucks, vans, and SUVs. The main office of the business is in Amsterdam, Netherlands.
#4 Mercedes Benz AG (MBGYY)
• Revenue (TTM): $156.23 billion
• Net Income (TTM): $25.64 billion
• Market Cap: $70.2 billion
• 1-Year Return (TTM): -6.0%
• Exchange: OTC
Mercedes Benz (MBGYY) is a multinational automaker with its headquarters in Germany. The company makes commercial vehicles such transport trucks and buses in addition to passenger cars, vans, and off-road vehicles.
#5 Ford Motor Co. (F)
• Revenue (TTM): $151.74 billion
• Net Income (TTM): $9.01 billion
• Market Cap: $46.1 billion
• 1-Year Return (TTM): -39.0%
• Exchange: NYSE
Based in Michigan, Ford (F) is a global manufacturer of automobiles. The company designs, builds, and maintains automobiles, vans, trucks, and SUVs. Models of vehicles include the F-150, Ranger, Edge, Escape, Mustang, and more. The business also offers leasing and financing for automobiles.
#6 General Motors (GM)
• Revenue (TTM): $147.21 billion
• Net Income (TTM): $9.68 billion
• Market Cap: $50.0 billion
• 1-Year Return (TTM): -34.6%
• Exchange: NYSE
A worldwide automaker, General Motors (GM) is a car manufacturer. The business creates and produces automobiles, trucks, and auto parts. With the introduction of the Chevy Volt and its follow-up, the Chevy Bolt, it has taken the lead in the development of electric vehicles. It functions under the following four primary auto brands: Buick, Cadillac, GMC, and Chevrolet. The business also provides financing for cars.
#7 Honda Motor Co. Ltd. (HMC)
• Revenue (TTM): $126.17 billion
• Net Income (TTM): $5.29 billion
• Market Cap: $39.8 billion
• 1-Year Return (TTM): -11.1%
• Exchange: NYSE
Honda (HMC) is a global automaker with its headquarters in Japan. It produces motorbikes, all-terrain vehicles, lorries, vans, passenger automobiles, and associated parts. The Civic, Accord, Passport, Odyssey, Insight Hybrid, and other car models are among them. The company’s luxury car business is called Acura. The business offers insurance and financial services as well.
#8 Tesla Motors (TSLA)
• Revenue (TTM): $74.86 billion
• Net Income (TTM): $11.19 billion
• Market Cap: $435.1 billion
• 1-Year Return (TTM): -54.1%
• Exchange: NASDAQ
The company Tesla (TSLA) produces sustainable energy products including electric cars. The Model 3, Model Y, Model S, and Model X are the four electric models that Tesla produces. Every model can accelerate from 0 to 60 miles per hour in less than 4.8 seconds and reach speeds of over 135 mph. Their combined range exceeds 320 miles. Tesla offers financing to individual consumers.
#9 Nissan Motors (NSANY)
• Revenue (TTM): $73.73 billion
• Net Income (TTM): $0.9 billion
• Market Cap: $12.7 billion
• 1-Year Return (TTM): -33.4%
• Exchange: OTC
Nissan (NSANY) is a multinational automaker with its headquarters in Japan. It creates and produces passenger cars and their components. The Altima, Maxima, Sentra, Versa, Pathfinder, Rogue, Titan, and its electric car, the LEAF, are among the available vehicle models. Infiniti is the brand of the company’s luxury line. The business also provides lease and financing options.
#10 BYD Co. Ltd. (BYDDY)
• Revenue (TTM): $51.37 billion
• Net Income (TTM): $1.48 billion
• Market Cap: $74.7 billion
• 1-Year Return (TTM): -18.0%
• Exchange: OTC
The Chinese multinational company BYD Co. Ltd. (BYDDY) is focused on the design, development, and production of a broad range of goods, such as solar panels, electric cars, batteries, and other items related to renewable energy. The corporation operates in more than 70 countries worldwide, with its headquarters located in Shenzhen, China. BYD has a significant presence in the passenger car and commercial vehicle markets and is renowned for being a leader in the electric vehicle sector. Apart from its primary operations, BYD is a prominent player in the renewable energy industry and a top provider of solar panels and energy storage systems.
