07 Feb Top Car Manufacturers In The World
There was a time when only less than five car manufacturers existed all over the world. Now times have changed, and lots of new brands have come up. There is so many that we can’t even count. There are some brands that most of us haven’t even heard of. In this article, we will see the top car manufacturers in the world.
When it comes to the first position in the list, there is a clear winner, and it is not a surprise. The Volkswagen Group has some of the best automobile brands under its name. The company which had tremendous profits in the earlier stages thanks to Hitler, the company was able to acquire some failing brands in the industry and turn them into profit-making brands. The car manufacturing companies that come under the Volkswagen group are Audi, Bentley, Bugatti, Lamborghini, Porsche, and Skoda. Other automobile brands that come under the Volkswagen group are Ducati, MAN, Scania, and Neoplan. If Volkswagen owns that many companies then obviously it will secure the top spot.
Toyota passenger vehicles have a market share of 10.9 percent. So that means ten out of every hundred cars that are sold is from Toyota. From the year 2010 Toyota has constantly sold more than seven million vehicles worldwide which makes it the only brand in the history of automobiles to do it. It was in the year 2016 that Toyota lost its first position. Not just that Toyota is the global leader when it comes to Hybrid vehicle production. Toyota’s hybrid model Prius is the highest selling hybrid vehicle of all time.
Earlier the companies Renault and Nissan were two different entities. After the merger, they became one, and now they are one of the leading automobile manufacturers in the world. In the year 2018, they produced more than ten million vehicles. They have a global market share of 9.4 percent. They also control some major brands like Infinity, Dacia, and Datsun. They also have huge stocks in Samsung Motors. Their latest addition to the list is Mitsubishi.
Hyundai – Kia
The South Korean automobile giant owns thirty-three percent stakes in Kia Motors. Together both the brands have sold more than eight million vehicles around the globe. The brand has Hyundai has absolute dominance in many countries in Asia.
The company which once ruled the entire automobile sector is now struggling to make it big after a series of failures in the past decade. The brand Ford had a strong presence in many countries. Even though the company has a considerable growth in sales of 1.7 percent, it is nowhere near to what it was in the past. The best part when it comes to Ford is that its arch rival and enemy GM is struggling, even more, to make ends meet. GM has shut down many of its manufacturing units in the country and has also stopped its sales in many countries.
The Japanese automobile brand has always managed to end in good profits year after year. Honda is one company that has stuck to its roots and the name Honda has always been associated with good quality products. Its IVTEC and IDTEC are some of the most significant technologies when it comes to engine designs.