The automotive industry is a competitive one. An average car enthusiast could probably name dozens of automakers in 60 seconds. In this post I will tell you the 10 Most profitable auto companies in the world.
However, the industry is not as diverse as you might think. According to Carsurance, Ferrari, Tesla, Subaru, and Mazda are just some of the few famous stand-alone car brands. The other auto manufacturers belong to corporate entities bigger than them, each possessing tremendous financial clout.
1. Volkswagen Group (€230.682 billion, 2017)
Aside from Volkswagen, the German auto giant also has Audi, Bentley, Porsche, Lamborghini, Bugatti, Ducati, and others in its mammoth organization. In other words, the Volkswagen Group is the manufacturer of La Voiture Noire, the most expensive car in history, which costs $12.5 million before tax.
Based on the exchange rate between the euro and the greenback on December 31, 2017, the company raked in a staggering $276.95 billion.
2. Toyota Motor Corporation ($261 billion, 2018)
Lexus, Daihatsu, and Hino Motors are all part of the umbrella corporation of Toyota. Despite owning fewer assets, the Japanese company has never failed to take a large slice of the pie because of the Toyota Corolla—the top-selling vehicle on the planet.
3. Daimler AG (€164.330 billion, 2017)
Headquartered in Stuttgart, Germany, this company has Mercedes-Benz, Fuso, Western Star, Smart, Freightliner, Bharat Benz, Setra, and Thomas Built on its roster. When calculated using the EUR-USD exchange rate on the last day of 2017, Daimler AG’s revenue was over $197 billion that year.
4. Ford Motor Company ($156.776 billion, 2017)
The pride of the Motor City was the most profitable US auto company of 2017. It builds an extensive selection of vehicles under the Ford, Lincoln, and Troller brands.
5. General Motors ($145.588 billion, 2017)
Another American car titan that calls Michigan home, GM is the owner of Chevrolet, GMC, Cadillac, Buick, Holden, Aubobaoijun, Wuling, and Jiefang.
6. Honda Motor Company ($145.588 billion, 2017)
The only brand the company owns without the name “Honda” in it is Acura, its luxury vehicle division. Nevertheless, its products are perennially on demand. Honda sold around 5.2 million units in 2018.
7. Fiat Chrysler Automobiles (¥14.60 trillion, 2016)
Other than Fiat and Chrysler, the FCA is the mother company of Dodge, Jeep, Alfa Romeo, Maserati, Lancia, and Ram. Collectively, these brands brought in $125 billion to the corporation’s coffers in 2016.
8. BMW Group (€98.678 billion, 2017)
Mini and Rolls-Royce are BMW’s sister brands. Together, along with BMW Motorrad, they made more than $118.40 billion in 2017.
9. Groupe PSA (€65.210 billion, 2017)
This French multinational manufactures automobiles and motorcycles sold under the Peugeot, DS Automobiles, Opel, Citroen, and Vauxhall marques. The Groupe PSA made about $78.29 billion in 2017.
10. Hyundai Motor Group (₩93.649 trillion, 2016)
The Korean automaker, which also owns Kia and Genesis, had a 2016 revenue of over $77.6 billion.
The histories of auto mergers are often convoluted. And today’s leading car groups did not become successful without controversy. As the global automotive industry shrinks, do not be surprised to see high-profile takeovers in the future.