Top 10 Biggest Car Companies in the World by Revenue
2nd Largest Car Manufacturer in the World – Toyota, Japan
Headquartered in Toyota City, Japan, Toyota is the second largest automaker by sales volume. Founded in 1937, Toyota manufactures passenger and commercial vehicles under its Toyota and Lexus brands. Despite facing intense competition, Toyota sold over 10 million vehicles globally in 2022, displaying its strong brand loyalty and quality heritage. Iconic models like the Camry, Corolla and RAV4 dominate their respective segments. Toyota is also a pioneer in hybrid electric technology with its pervasive Prius lineup. With over 330,000 employees working in over 170 regional operations worldwide, Toyota has a tight control over its supply chain to ensure global supply reliability. Looking ahead, Toyota’s massive $70 billion investment plan will focus on electrification and software systems to take on new competitors in coming years. With flagship production facilities in Japan and North America aided by state-of-the-art manufacturing techniques, Toyota is firmly entrenched at the number 2 spot.
3rd Largest Car Manufacturer in the World – Stellantis, Netherlands
Headquartered in Amsterdam, Stellantis emerged in 2021 from the $52 billion merger between Fiat Chrysler and PSA Group. As the third largest automaker globally, Stellantis owns a diverse portfolio of brands like Peugeot, Fiat, Chrysler, Jeep, Maserati, Opel and Citroën. It sold over 6 million vehicles in 2022 across its automotive divisions - Stellantis North America, Stellantis South America and Stellantis Enlarged Europe. Stellantis uses a flexible manufacturing strategy via its 42 plants located internationally, from Europe to India. The automaker leads the European market with over 20% share and is focusing on electrification with 34 electrified vehicle introductions planned by 2024. Stellantis utilizes scale benefits to invest heavily in connectivity, autonomy, mobility and next-gen powertrains to remain competitive in coming years.
4th Biggest Car Company in the World – Mercedes Benz Group, Germany
Headquartered in Stuttgart, Germany, Mercedes Benz Group designs and manufactures luxury automobiles and commercial vehicles. In 2022, Mercedes Benz Group sold over 2.5 million passenger cars and nearly 400,000 commercial vehicles to luxury clients in over 130 countries. Led by the iconic Mercedes-Benz brand, Mercedes also owns AMG performance, Maybach ultra-luxury, and Smart small electric vehicle brands. With over 173,000 employees globally, Mercedes operates production facilities and assembly plants on five continents. Continuous investment in state-of-the-art powertrain, software and manufacturing technologies helps Mercedes compete with newer luxury rivals like BMW and Audi. While leveraging over 130 years of expertise, Mercedes Benz is proactively transitioning its entire portfolio to electric powertrains by 2030.
5th Largest Car Manufacturer in the World – Ford Motor, United States
Headquartered in Dearborn, Michigan, Ford is the fifth largest global automaker by sales. Founded in 1903, Ford sold over 4 million vehicles worldwide in 2022 through its Ford and Lincoln brands across six continents. Popular nameplates like the F-Series pickup, Mustang sports car and Expedition SUV dominate key segments domestically. Internationally, models like the EcoSport, Endeavour and Territory are top sellers. With over 184,000 employees and a massive manufacturing footprint that includes plants in North America, South America, Europe and Asia, Ford can deliver consistent quality at scale. Under severe cost-cutting, Ford is fast-tracking its $50 billion transition towards electric and autonomous vehicles by 2026. With new EV models attracting strong demand and integrated supply chains, Ford has regained momentum in hopes of retaking market share globally.
6th Largest Car Manufacturer in the World – BMW, Germany
Munich-headquartered BMW Group is the world's sixth largest automaker by volume, with sales of over 2.5 million luxury vehicles in 2022. Best known for its BMW brand, BMW also owns the Mini and Rolls-Royce marques. BMW leads the global premium automotive segment through diverse model offerings - from compact 3-Series sedans to sporty M-Division models and luxurious SUVs. With over 120,000 employees, BMW operates 31 production and assembly facilities across 15 countries in Europe, North America, South Africa, and Asia. Continuous R&D investments ensure BMW vehicles encompass cutting-edge technologies across electric powertrains, autonomous driving systems and digital connectivity. For 2023, over a quarter of BMW’s model range will be fully electric.
7th Biggest Car Company in the World – Honda, Japan
Honda, headquartered in Tokyo, is the seventh largest global automaker by sales. Since starting as a motorcycle company in 1949, Honda has grown remarkably to sell over 4 million automobiles annually. Popular models include the Civic, Accord, CR-V and Odyssey from its Honda brand, while Acura offers luxury alternatives. Honda operates 20 major research and development centers and 35 principal production facilities worldwide, with regional hubs in China, India, Brazil, Mexico and Turkey. A pioneer in emission-free technology, Honda will invest $64 billion to launch 30 EV models globally by 2030. Its diverse interests in power products, aviation and robotics has enabled constant innovation. With efficient production spanning America, Asia and Europe, Honda seems primed to strengthen its position.
8th Largest Car Manufacturer in the World – General Motors, United States
Headquartered in Detroit, General Motors is the eighth largest automaker globally. Founded in 1908, GM operates through its Chevrolet, Buick, GMC and Cadillac brands. Selling over 6 million vehicles annually, GM dominates the North American market through full-size trucks and SUVs like the Silverado, Tahoe and Escalade. GM's international presence spans China, South America, Middle East, Australia and Africa with tailored products. With over 155,000 employees, GM operates over 120 manufacturing facilities and 30 research labs globally. Under CEO Mary Barra, GM is accelerating its $35 billion investment in EV/AV technology with advanced battery plants, new electric trucks and vehicles based on the Ultium platform. GM aims for an all-electric future while relying on profitable truck sales and financial arms for steady revenue.
9th Biggest Car Company in the World – SAIC Motors, China
Headquartered in Shanghai, SAIC Motor Corporation Limited is China’s largest automaker and ninth largest globally by volume. Formed in 1956, SAIC manufactures commercial and passenger vehicles through joint ventures with Volkswagen and General Motors. Popular Chinese brands owned by SAIC include MG, Maxus and Roewe that sell comfortably over 4 million units per year. SAIC operates 34 production bases across China and globally spanning India and Malaysia. While boosting conventional vehicle sales through affordable pricing and technology, SAIC increasingly focuses on EVs, connectivity and autonomous driving. SAIC aims to become a global sustainable enterprise with advanced automotive/mobility offerings by 2025.
10th Largest Car Manufacturer in the World – FAW Group, China
Based in Changchun, FAW Group Corporation is the tenth biggest automaker in the world and largest automotive company in China. Since 1953, FAW has emerged as an industry leader with its Hongqi, Besturn and Jiefang marques and joint ventures with Toyota. FAW delivered over 4 million units in 2022 across its diverse segments - commercial vehicles, passenger cars, engines, auto finance, parts and more. With assets exceeding $35 billion, FAW builds vehicles through 25 factories across China and overseas using advanced production methods. Looking ahead, FAW pledges “green development” by accelerating R&D in electric vehicles, connectivity systems and autonomous driving technology to build innovative mobility solutions.
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