Top 7 Largest Car Manufacturers by Revenue 2022

No. 7: SAIC Motor

SAIC Motors is the single largest car manufacturer in China. It is located in the Municipality of Shanghai. As of this February 2022, the company has earned over $106 billion. SAIC sold over 5.6 million vehicles in 2020, ranking them first in China for the past 15 years.

No. 6: General Motors

General Motors is one of the largest car manufacturing companies in the world. Based in Detroit, Michigan, they employ over 155,000 talented individuals across 6 continents. As of February 2022, GM has earned $122.5 billion in revenue. Following its unfortunate dissolution due to bankruptcy in 2009, the company is now divided into 4 brands: Buick, Cadillac, Chevrolet, and GMC. GM has recently redesigned their logo as a new marketing strategy to promote electric vehicles.

Here, you can see the headquarters of General Motors, along with Car dealership opportunities in 2017. You can see very clearly that in some of the areas near Detroit, the supply of cars greatly exceed the demand. Detroit is home to the 'Big Three' of car manufacturers: Ford, General Motors, and Chrysler Stellantis.

No. 5: Honda

Established in 1946 by engineer Honda Soichiro to produce efficient combustion engines, Honda is no doubt one of the most popular car brands in the world. The massive company is based in Tokyo, Japan with more than 211,000 employees. They've earned over $125 billion in revenue and produced over 4.4 million cars in the past year.

Honda actually first started out by making engines for bikes after its establishment. In 1964, they became the world's largest motorcycle manufacturer. Even though Honda is one of the world's biggest engine manufacturers, they have branched out to other things such as watercraft, robotics, lawn equipment, and solar cells.

No. 4: Ford

Headquartered in Dearborn, Michigan and founded in Detroit in 1903, Ford Motor is one of the oldest American car companies. Ford Motor revealed the immensely successful Model T in 1908. The company was manufacturing over 50% of America's cars by 1928. Ford Motor Co. is one of 2 American carmakers that have not gone bankrupt, with the other being Tesla.

No. 3: Daimler

Daimler AG, now known as Mercedes-Benz AG, is the fourth oldest automobile manufacturer since its founding in 1883. The company racked up $182.5 billion last year and sold over 2.8 million units. Mercedes also has multiple different subsidiaries - Mercedes-AMG, Mercedes-Maybach, Mercedes-EQ, Mercedes me, as well as Mercedes-Benz Bank, Mercedes-Benz Financial Services and Athlon - making the company 'the world's most valuable luxury automotive brand.

The following layer on the right shows the population density of German Cities. You can see many densely populated areas surrounding Stuttgart, as it is the 6th most populous city in Germany. It also is the home of Porsche along with Mercedes, also having large museums for the two car companies.

No. 2: Toyota

Toyota Motor Corporation is the one of, if not the most successful car companies in the world. Spearheading Japan's automobile industry, Toyota sells more cars than Nissan and Honda combined. Founded in 1937, Toyota has since become the most popular car brand in the world. It was the world's first car company to produce more than 10 million vehicles per year. They has a revenue of ~$258 billion last year. Toyota currently employs more than 366,000 workers.

No. 1: Volkswagen

Volkswagen was founded by the German Labour Front and headquarted in Wolfsburg, Germany in 1937. Widely known for their iconic Beetle, VW is the largest car manufacturer by revenue in 2022. This beast of a company earned over $263 billion along with producing 8.9 million cars last year. They also own multiple other car companies, which are all part of the Volkswagen Group. VW, ŠKODA, SEAT, and CUPRA are part of their 'Volume' lineup. Audi, Lamborghini, Bentley, and Ducati are part of their Premium lineup and only Porsche is part of their sports lineup of cars. Now, VW is focusing their efforts into electric vehicles. They announced in 2020 that they would be increasing their investment into electric vehicles to $86 billion.