Automobile Companies in the World:- There are some of the most reliable car brands in the market if you are planning to buy a new car for yourself.
But, many top car manufacturers are cutting their operations resulting in lower volume manufacturing which will eventually increase automobile prices.
The reason is, car brands are trying to compensate for their profits by cutting operating costs to deal with price increases and future crises.
In recent years, the automobile industry has faced a worldwide recession, leading major car suppliers to seek new and innovative profit-making approaches.
Many have made the transition to the high-end, while some focus more on competing models that contribute to larger margins of income.
There have been signs of some of the main players recovering in 2017 with record sales worldwide.
We have researched many brands and made a list for the world’s largest automobile companies that will not be significantly affected by the crisis.
Here are the top 10 Automobile Companies in the World
1. Volkswagen Group – Germany
In two decades, it has the largest market share in Europe. It ranked seventh among the world’s largest companies on the 2018 Fortune Global 500 list.
2. Toyota – Japan
3. Nissan group- France/Japan
Coalition partners combine forces to form a strong global network.
They collaborate together on innovative ideas, thus maintaining their own corporate identities.
The strategic partnership of Renault, Nissan and Mitsubishi is not a merger or acquisition, but through a cross-sharing agreement, it unites the three organizations.
4. Hyundai – South Korea
As of 31 December 2013, Kia Motors holds a 33.88% stake in Hyundai.
This global group manufactures a wide range of products and has become South Korea’s largest vehicle manufacturer.
5. General Motors – USA
William C. Originally on 16 September 1908. Was founded by Durant as a holding company. The company is now one of the best American car companies in the world in 2019.
As of 2018, Forbes ranked General Motors 10th in total revenue among the Fortune 500 America’s largest companies.
6. Ford – United States
It was built on 16 June 1903 by Henry Ford.
Under the brand names Ford and luxury cars under the brand Lincoln, the company sells automobiles and commercial vehicles.
7. Honda – Japan
By 2019, the Japanese carmaker’s global sales outlook increased. However, they are facing a decrease in overall sales in the second year.
Due to the current increase in motorcycle sales, Honda increased its revenue by 11.3 percent to $ 7 billion for the year ending in March 2019.
8. Fiat Chrysler Automobiles – Italy/US
Fiat-Chrysler has seen a 40 percent drop in its earnings in 2018, following solid North American sales performance in 2017.
9. Suzuki – Japan
Suzuki is the fourth largest car manufacturer in Japan and is the most profitable car company selling its cars in more than 190 countries.
10. PSA – France
Amidst some tough years in this decade, much of which was a loss of € 114 million in 2014, for which PSA Peugeot, the company soon bounced back.
In mid-2017, the French automaker announced a 15.4% global increase in sales.
The spectacle of SUV sales, which is 23 percent of combined sales, handles the vast majority of this growth.