The automotive industry stands as a pillar of the global economy, driving mobility for individuals and businesses across continents. From passenger cars to heavy-duty trucks, these manufacturers produce a vast array of vehicles essential for modern life. The leading companies in this sector boast an expansive international presence, distributing their vehicles to markets worldwide. While headquartered primarily in industry-leading nations, the top echelon of car companies includes representatives from various countries, showcasing the global nature of automotive manufacturing.
This article delves into the top 10 largest car manufacturers, ranked by their revenue over the trailing 12 months (TTM) as of December 21, 2022. It’s important to note that some international companies report financial results semi-annually rather than quarterly, which may result in slightly older TTM data compared to companies with quarterly reporting. This list focuses on publicly traded companies in the U.S. and Canada, or those accessible through American Depositary Receipts (ADRs).
Some companies listed are traded over-the-counter (OTC) in the U.S., rather than on major exchanges. This is often the case for foreign entities without sponsored ADRs on traditional exchanges. Trading OTC stocks can involve higher costs and may be subject to foreign exchange fluctuations, potentially impacting investment returns.
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
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Volkswagen headquarters building in Wolfsburg, Germany, showcasing the global presence of one of the biggest car manufacturers.
Volkswagen AG (VWAGY), based in Germany, is a multinational automotive powerhouse. They are responsible for the design, production, and distribution of a diverse range of vehicles, including passenger cars, trucks, and light commercial vehicles like buses. Popular models under the Volkswagen umbrella include the Tiguan, Golf, Jetta, and Passat. Recently, Volkswagen discontinued the iconic Beetle due to shifting consumer preferences away from smaller car segments. The company also owns prestigious luxury brands such as Porsche and Audi, further solidifying its position in the high-end market. Beyond vehicle manufacturing, Volkswagen is involved in parts production, customer financing solutions, and fleet management services, offering a comprehensive suite of automotive-related services.
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)
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Automated production line at a Toyota factory, illustrating the efficiency and scale of operations of a leading global car manufacturer.
Toyota Motor Corp. (TM), headquartered in Japan, is a multinational automotive giant renowned for its commitment to quality and efficiency. Toyota achieved a significant milestone as the first foreign manufacturer to establish a dominant market share in the U.S. automotive market, setting new benchmarks for industry standards. The company’s portfolio includes a wide spectrum of vehicles, from cars and trucks to minivans and commercial vehicles. Well-known models in their lineup include the Corolla, Camry, 4Runner, Tacoma, and the pioneering hybrid electric sedan, the Prius. Lexus serves as Toyota’s luxury vehicle division, catering to the premium segment. Similar to Volkswagen, Toyota’s business extends beyond manufacturing to encompass parts and accessories production, as well as financing options for both dealers and customers.
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
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A collection of vehicle models representing the diverse brand portfolio of Stellantis, a major player among the biggest car manufacturers.
Stellantis (STLA) is a multinational automaker formed in 2021 through the merger of Groupe PSA (France) and FCA (Fiat Chrysler Automobiles, Italian-American). This strategic union created one of the world’s largest automotive groups, with a significant footprint in Europe, North America, and South America. Stellantis offers a comprehensive range of vehicles, encompassing passenger cars, trucks, vans, and SUVs, marketed under a diverse portfolio of brands. These include Peugeot, Citroën, DS, Opel, Vauxhall, Jeep, Ram, Dodge, and Chrysler. The company’s corporate headquarters are located 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
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Assembly line at a Mercedes-Benz factory, showcasing the precision engineering and manufacturing processes of a leading luxury car manufacturer.
Mercedes Benz (MBGYY) is a German-based multinational automobile manufacturer synonymous with luxury and performance. The company’s production encompasses passenger cars, vans, off-road vehicles, and commercial vehicles, including transport trucks and buses. Mercedes-Benz is globally recognized for its high-end vehicles and technological innovation in the automotive sector.
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
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Ford F-150 trucks on the assembly line, highlighting a key model in the lineup of this major American car manufacturer.
Ford Motor Co. (F), headquartered in Michigan, USA, is a multinational automotive manufacturer with a long-standing history in the industry. Ford is involved in the development, manufacturing, and servicing of a wide range of vehicles, including cars, SUVs, vans, and trucks. Iconic models like the Mustang, Edge, Escape, F-150, and Ranger are part of their extensive portfolio. In addition to vehicle sales, Ford provides financing and leasing services, enhancing customer accessibility and convenience.
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
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Production line for Chevrolet Bolt EV, demonstrating General Motors’ commitment to electric vehicle manufacturing and innovation.
General Motors (GM) is a multinational automobile manufacturer with a significant global presence. The company’s core activities include designing and manufacturing cars, trucks, and automotive parts. GM has been at the forefront of electric vehicle development, pioneering models like the Chevy Volt and its successor, the Chevy Bolt. Their operations are structured around four primary vehicle brands: GMC, Chevrolet, Cadillac, and Buick, catering to diverse market segments. Similar to other major manufacturers, General Motors also offers automotive financing solutions to its customers.
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
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Robotic arms assembling vehicles in a Honda plant, illustrating the advanced technology used in modern car manufacturing.
Honda Motor Co. Ltd. (HMC), a Japan-based multinational, is a diversified automotive company. Their manufacturing portfolio includes passenger cars, trucks, vans, all-terrain vehicles, motorcycles, and related parts. Notable vehicle models from Honda include the Civic, Accord, Insight Hybrid, Passport, and Odyssey. Acura is Honda’s luxury car division, targeting the premium market segment. Beyond manufacturing, Honda provides financial and insurance services, expanding its offerings to customers.
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
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Tesla Model S, Model 3, Model X, and Model Y vehicles, showcasing the electric vehicle lineup of a disruptive car manufacturer.
Tesla (TSLA) is a pioneering manufacturer focused on electric vehicles and clean energy solutions. Tesla’s current vehicle lineup consists of four all-electric models: Model 3, Model Y, Model S, and Model X. These vehicles are known for their high performance, capable of exceeding 135 miles per hour and accelerating from 0-60 mph in under 4.8 seconds, with a range exceeding 320 miles on a single charge. Tesla also provides financing options for retail customers, facilitating access to their electric vehicle technology.
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
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Variety of Nissan car models, representing the broad product range of this major Japanese car manufacturer.
Nissan Motors (NSANY), another Japan-based multinational automotive company, is involved in the design and manufacturing of passenger vehicles and related components. Popular models in their range include the Altima, Maxima, Sentra, Versa, Pathfinder, Rogue, Titan, and the LEAF electric car. Infiniti is Nissan’s luxury division, catering to the premium automotive market. Nissan also provides financing and leasing services to its customer base.
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
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BYD electric vehicles on display, showcasing the growing presence of Chinese manufacturers in the global automotive market.
BYD Co. Ltd. (BYDDY) is a Chinese multinational corporation specializing in diverse sectors, including electric vehicles, batteries, solar panels, and renewable energy products. Headquartered in Shenzhen, China, BYD operates in over 70 countries globally. The company is recognized as a leader in the electric vehicle industry, with a strong presence in both passenger and commercial vehicle markets. Beyond automotive, BYD is a significant player in the renewable energy sector, supplying solar panels and energy storage systems.
