The automobile sector is one of the most important parts of business economic sectors in the world. Billions of dollars are generated annually throughout the globe just from the automobile sector. There are various automobile companies in the world. These companies and organizations are also made their companies design, development, manufacturing, and selling of motor vehicles. Also, these companies are made up of many designed cars, trucks, buses, bikes, heavy-duty trucks. We are here to know about the top 5 richest and valuable companies in the world. These companies are rated according to the value of their market capitalization.
Look at the Top 5 Automobile Companies in the World:
Toyota motor corporation
Toyota motor is the largest automobile company in the world. Toyota is the largest manufacturer in Japan, it’s a Japanese automotive company. It was founded by Kiichiro Toyoda and incorporated on 28 August 1937, its manufacturers headquartered in Toyota city, Japan. Toyota Motor Corporation produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. Toyota is the global market leader in sales of hybrid electric vehicles, Toyota also a market leader in hydrogen fuel-cell vehicles.
Volkswagen is the 2nd largest company in the world. It is a German automotive company, is a German automaker founded by the German labor front on 28 May 1937. Volkswagen shortened to VW and headquartered in Wolfsburg, Germany. It’s the flagship brand of Volkswagen Group. Popular models are Volkswagen Polo, T-Roc, Vento, and Tiguan. They sold over 10 million vehicles in 2016-2017.
BMW is a German multinational automotive company that produces luxury vehicles and motorcycles and headquarters in Munich, Germany. BMW’s full form is Bayerische Motoren Werke AG but commonly referred to as BMW. The company was founded in 1916, which is produced from 1917to1918 and again after 1933 to 1945 and founded by Camillo Castiglioni Franz Josef Popp Kari Rapp. Under the brands are BMW, Mini and Rolls-Royce and motorcycles are under the brand BMW Motored. The BMW X1, BMW X5, BMW 3 series are the most popular cars in their company.
Daimler AG previously named Daimler Benz, but one is known and referred to as Mercedes-Benz. It is a German multinational automotive company and headquarters in Stuttgart, Baden-Wurttemberg, Germany, and founded in 1926. It is one of the world’s leading car and truck manufacturers. Brands are Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach.
Honda Motor Co:
Honda motor company is a Japanese multinational company and headquarters in Minato, Tokyo, Japan. This company manufacturer of automobiles, motorcycles, and power equipment. Honda has been the world’s largest motorcycle manufacturer since 1959, reaching a production of 400 at the end of 2019, as well as the world’s largest manufacturer of internal combustion engines measured by volume, producing more than 14 million internal combustion engines each year. The most popular Honda cars are Honda City, Amaze and WR-V and bikes are active 6G, shine and the most expensive one is the gold wing.