World’s Leading Car Companies: Asia vs Worldwide
Toyota Motor Corporation is the largest automaker of the world. It is a Japanese multinational firm having a global presence.
The company operates through more than 50 overseas manufacturing plants spread over 30 countries and regions of the world. This covers all the broad regions of the world including North America, Latin America, Africa, Asia-Oceania and Europe. The company has reached its 75 years since inception very recently.
The company’s total sales stood at approx. 9 million vehicles worldwide generating a revenue of 29,000+ billion yen. Toyota Motors has a commitment towards innovations which help them towards a high performance in Motor-Sports. Toyota also takes initiatives to involve the customers towards the future they dream of. Toyota shows commitment to safety by Introducing the “Integrated Safety Management Concept”
Revenue for the year: $245 Billion
South Korean automaker, Hyundai was established in the year 1967. It has headquarter located at Seoul, South Korea.
With the incorporation of the company in the year 1967 to having a history of 50 years, Hyundai has accomplished a lot in very few years. With the launch of Pony, first Korean passenger car in the year 1976 to entering into Canadian market in 1983, Pony became the bestselling car in both the nations because of its size and price.
Later it entered US market in 1985 by exporting Hyundai excel. Later in the year 1998 it acquired Kia motors and also completed its plant establishment in India. Entering into 100 best global brands in 2005 Hyundai has grown aggressively with the launch of i–series vehicles and winning awards globally for its durability,
Revenue for the year: $98 Billion
Honda Motor Company is a Japanese multinational automotive and motorcycle company with its presence all around the globe.
The company was incorporated in 1948 by Soichiro Honda and is headquartered at Tokyo, Japan. Honda is the sixth largest automobile manufacturer in the world. The company deals in automobiles, aircraft, motorcycles, and power equipment and even boasts about running of Honda equipment or vehicles in all seven different continents including Antarctica.
From opening of its first U.S. outlet in in 1950s, the company quickly grew fast to become a global brand. Honda Motor became the first car company from Japan to be a net exporter from the United States, exporting 100,000+ Honda and Acura models, while importing 85000+. The Honda Clarity Series Cars which are the plug-in hybrid electric and hydrogen fuel cell powered vehicles has been named 2018 Green Car of the Year.
Revenue for the year: $123 Billion
The Nissan name was first used in Japan in 1934 when Jidosha Seizo Co., Ltd’s name was changed to Nissan Motor Co., Ltd but the company began several years before that.
Nissan have exported models worldwide and become a brand known for their compact hatchbacks and large SUVs alike. Before we look into some of Nissan’s top models we’ve got a little more history to get through, and that’s how Datsun came to be an integral part of the Nissan business.
Nissan also established themselves at the forefront of innovative electric technology when they introduced the Nissan Leaf to the world in 2010. Now in its second generation, the Leaf offers drivers a range of up to 239 miles on the e+ version.
Revenue for the year: $70 Billion
BMW group abbreviated as Bayerische Motoren Werke Group is one of the leading manufacturers of premium automobiles and motorcycles and one of the top car brands in the world.
The company trace back its inception in the year 1916 with its current headquarter in Munich, Germany and it has evolved itself as a truly global company with as many as 30+ production and assembly facilities in many countries and a global sales network. The company’s total employee strength is 120,000+ out of which around 90 percent of the employees are in automobile segment.
The company was the first to design aircraft engine with aluminum piston in the year 1917. It also designed the BMW328 which was the most successful car of 1930s by making its chassis lightweight and aluminum cylinder heads. Infact, the company has a significant motorsport history, especially in touring cars, Formula 1, sports cars and the Isle of Man TT. According to the recent report, more than 20 BMWs are participating in the Formula One. in 2021 and 2022, BMW’s focus is on Electric Vehicles which continue showing consistent growth year on year.
Revenue for the year: $128 Billion
Ford Motor Company is an American multinational automaker incorporated in Delaware in the year 1919.
With about 200,000 employees worldwide, the Company makes and services a full line of Ford cars, trucks, electric vehicles etc. Ford Motors vehicle brands includes Ford and Lincoln. In 2017, the company sold approximately 6,500,000+ vehicles at wholesale throughout the world. The company has multiple consolidated and unconsolidated Joint ventures.
The company has had the achievement of being one of the companies having the highest sales in US. The company has also launched multiple models the previous year which includes F-150, EcoSport, Focus Electric, all-new Fiesta and all-new Expedition, and an all-new Lincoln Navigator and hence always been of the top car brands globally since its inception.
Revenue for the year: $135 Billion
Volkswagen Group is the second largest manufacturer of the world with its headquarter in Wolfsburg, Lower Saxony, Germany.
The vision of The Volkswagen passenger cars is “Moving people and driving them forward”. In the year 2017, the company achieved a new record by delivering 1.07 crores vehicles worldwide. With its employee strength of around 6,42,300 the group is one of the largest employers in private sector and one of the top car brands across the globe. In the previous fiscal year, the sales revenue of the firm stood at 230.7 billion euro which is an increase by 6.2% year-on-year.
In August,2017 the company rolled out its 150 millionth vehicle from assembly line at Volkswagen’s main plant in Wolfsburg. The company has launched its “TOGETHER – Strategy 2025” future program in order to transform its automotive core business and will among other things be launching a further 30-plus fully electric cars by 2025.
Revenue for the year: $302 Billion