The 10 World’s Largest Automotive Companies in the World of 2020– There are 10 World’s Largest Automotive Companies in the World of 2020 based on Data from the annual report 2020 of each company. This report is published by each public company as a comprehensive description of the development of the company’s activities. In business terms, these automotive companies are big players and also leaders with various vehicle brands which of course are famous to the world. Maybe most of the worldwide people are familiar with these vehicle brands on various highways.
The following is a ranking of the 10 world’s largest automotive companies based on the amount of net profit/profit obtained by each company in 2020. The company data analyzed are public companies where this company is a company that has been listed on the world stock exchange and some of its shares already owned by the community. The rank is arranged based on the profit that the company has earned in 2020.
Table of Rank 10 Largest Automotive Companies in the World of 2020
|Rank||Name of Companies||Revenue||Revenue||Profit||Profit|
|Domestic Currency||US Dollar||Domestic Currency||US Dollar|
|1||Toyota Motor Corp. (TM)||27,214 Billion Yen||249 Billion||2,282 Billion Yen||20.9 Billion|
|2||Volkswagen AG (VOW.DE)||222 Billion Euro||261 Billion||6338 Million Euro||7,4 Billion|
|3||Honda Motor Co. (HMC)||13,170 Billion Yen||120 Billion||695 Billion Yen||6,37 Billion|
|4||General Motors Co. (GM)||122 Billion US Dollar||123 Billion||6,3 Billion US Dollar||6,3 Billion|
|5||Daimler AG (DAI.DE)||155 Billion Euro||182 Billion||4 Billion Euro||4,72 Billion|
|6||BMW (BMW.DE) (BMW.MI)||98 BIllion Euro||115 Billion||3.8 Billion Euro||4.4 Billion|
|7||Hyundai Motor Co. (HYMTF)||103,998 Billion KRW||94 Billion||1,925 Billion KRW||1,7 Billion|
|8||Tesla (TSLA)||31 Billion Dollar||32 Billion||721 Million Dollar||722 Million|
|9||Fiat Chrysler Automobiles NV (FCAU)||86 Billion Euro||101 Billion||24 Million Euro||28 Million|
|10||Ford Motor Co.||127 Billion Dollar||127 Billion||(-1,276 Million Dollar)||(-1.2 Billion)|
|Noted :||(Parenthesis shows negative performance / Loss)|
|Source : Annual Report, 2020|
|Currency Rate :||1 Euro = 1.18 US Dollar ($)|
|1 US Dollar ($) = 1100 Korean Won (KRW)|
|1 US Dollar = 109 Japanese Yen (JPY)|
Of course, it can be seen that several big players such as Toyota, Volkswagen Group, Honda, and General Motors are still the rulers of the world automotive market. In addition to the company’s income and net income data, there is also additional data related to the company’s assets and debts (liabilities) taken from the balance sheet of each company. In addition to the performance of the company, a brief description of assets and liabilities can be looked at in the table below. Its data comes from a balance sheet of the company in 2020. These data show the position and condition of financial aspects in running its business from time to time.
Description of Assets and Liabilities (Debts) of 10 Largest Companies Based on Balance Sheet Report in Annual Report 2020
|Name of Company||Assets||Assets||Liabilities||Liabilities|
|Origin Currency||US Dollar ($)||Origin Currency||US Dollar ($)|
|Toyota Motor Corp. (TM)||62,267 Billion Yen||571 Billion||37,978 Billion Yen||348 Billion|
|Volkswagen AG (VOW.DE)||497 Billion Euro||597 Billion||368 Billion Euro||434 Billion|
|General Motors Co. (GM)||235 Billion US Dollar||236 Billion||185 Billion US Dollar||185 Billion|
|Daimler AG (DAI.DE)||285,737 Million Euro||336 Billion||223,489 Million Euro||263 Billion|
|Honda Motor Co. (HMC)||21,921,030 Million Yen||115 Billion||12,548,191 Million Yen||66 Billion|
|BMW (BMW.DE) (BMW.MI)||216,658 Million Euro||254 Billion||155,138 Million Euro||182 Billion|
|Tesla (TSLA)||52,148 Million Dollar||52 Billion||28,418 Million Dollar||28 Billion|
|Ford Motor Co.||267,261 Million Dollar||267 Billion||236,450 Million Dollar||236 Billion|
|Hyundai Motor Co. (HYMTF)||209,344 Billion KRW||190 Billion||133,003 Billion KRW||120 Billion|
|Fiat Chrysler Automobiles NV (FCAU)||99,730 Million Euro||116 Billion||73,869 Million Euro||86 Billion|
|Source : Annual Report, 2020|
|Currecy Rate :||1 Euro = 1.18 US Dollar ($)|
|1 US Dollar ($) = 1100 Korean Won (KRW)|
|1 US Dollar = 109 Japanese Yen (JPY)|
Regarding the 10 Largest Automotive Companies in the World in 2020, here are some brief explanations related to the description of each company taken from various sources, especially data from the Company’s Annual report.
1.Toyota Motor Corp
Toyota Motor Corp. is the world’s largest automotive company in 2020. Based on its history, the company was founded by Kichiro Toyoda on August 28, 1937, as a diversification of the company’s previous business aimed at producing cars. Until now, Toyota Motor Corporation produces vehicles under various brands such as Toyota, Hino, Lexus, Ranz, and Daihatsu brands. In addition, this company also has shares in several well-known automotive companies such as Subaru Corporation with 20.02% of the stake, 5.1% of stake in Mazda, 4.9% of stake in Suzuki, 4.6% of stake in Isuzu, 3.8 % of shares in Yamaha Motor Corporation, and 2.8% of shares in Panasonic, as well as several business partnerships in China, namely GAC Toyota and Sichuan FAW Toyota Motor, in India namely Toyota Kirloskar, and several partnerships in foreign countries
Until now, the company is still headquartered in Toyota City, in Aichi Prefecture, Japan. In 2020, based on its financial performance, the company generated revenues of 27 trillion yen or equivalent to 249 billion US Dollars with a net profit of 2.8 trillion yen or equivalent to 20.9 billion US Dollars.
Founded on May 28, 1937, and has its main office in Wolfsburg, Germany, Volkswagen has become gradually one of the World’s Largest Automotive Companies in 2020. Along with business development, The Volkswagen Group operates in 153 countries with various vehicle brands such as Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, and code. In addition, Volkswagen AG has a stake in the truck, bus, and diesel engine manufacturers Scania AB and MAN SE. In 2020, the company generated revenues of 222 billion euros or equivalent to 261 billion US Dollars with a net profit of 6.3 billion euros or equivalent to 7.4 billion US Dollars.
3. Honda Motor Co.
The Honda Motor Company, Ltd. is a Japanese multinational automotive company that produces cars, motorcycles, and electrical equipment, headquartered in Minato, Tokyo, Japan which was founded in September 1948. Honda has been the world’s largest motorcycle manufacturer since 1959. In 2020, they are able to sell 15 million motorcycles and 4 million cars. Besides their core business of automobiles and motorcycles, this corporation also manufactures garden equipment, marine engines, personal boats, and electric generators, among other products.
In 2020, Honda recorded revenues of 13 trillion yen or equivalent to 120 billion US dollars and a net profit of 695 billion yen or 6.37 billion US dollars. This performance places Honda as one of the World’s Largest Automotive Companies in 2020.
4. General Motors Co.
The General Motors Company is the world’s largest 2020 automotive multinational company from the United States, headquartered in Detroit, Michigan. The company designs, manufactures, markets and distributes vehicles and vehicle parts. Operationally, the company’s global headquarters are located at the Renaissance Center, Detroit, United States. The company was founded by William C. Durant on September 16, 1908, as a holding company, and the current entity was founded in 2009 after being restructured. The company is the largest American automaker and one of the largest automakers in the world.
Along with the deloppment of the company, they have produced many cars with well-known brands in the world. Some of General Motor’s brands include Chevrolet, Buick, GMC, Cadillac, Baojun, Jiefang, and Wuling. Along with the development of the company’s business, the company has a total of 155,000 employees and 122 production plants, and more than 4,000 dealers in the United States. In 2020, this company generated revenues of 122 billion US dollars and a net profit of 6.3 billion US dollars.
Daimler AG is one of the world’s largest automotive companies in 2020 from Stuttgart, Germany that formerly known as Daimler-Benz and Daimler Chrysler. This company is generally known as the Mercedes-Benz car brand. Until now, this German multinational automotive company has a main office in Stuttgart, Baden-Württemberg, Germany. Historically, Daimler-Benz was formed with the merger of Benz & Cie and Daimler Motoren Gesellschaft in 1926. The company was later renamed Daimler Chrysler following the acquisition of American automaker Chrysler Corporation in 1998, but it was renamed again as Daimler AG following the divestment of Chrysler to Cerberus Capital Management in 2007 (Chrysler is currently owned by Stellantis).
In 2014, Daimler had stakes in a number of car, bus, truck, and motorcycle brands including Mercedes-Benz, Mercedes-AMG, Smart Automobile, Detroit Diesel, Freightliner, Western Star, Thomas Built Buses, Setra, BharatBenz, Mitsubishi Fuso, MV Agusta as well as stakes in Denza, KAMAZ, and BAIC Motor. In 2020, the company earned revenues of 155 billion euros, or equivalent to 182 billion US dollars, and a net profit of 4 billion euros or equivalent to 4.72 billion US dollars.
The BMW (Bayerische Motoren Werke) group is an international automotive company originating from Germany. They started their business on March 7, 1916. Along with the development of more than 1 century. they have famous brands, namely BMW, Mini, and Rolls-Royce. The brands above are premium class vehicles, of course. The founders of this company are Camillo Castiglioni, Franz Josef Popp, and Karl Rapp. According to its history, at its inception in 1916, the company was originally named Bayerische Flugzeugwerke AG which later changed its name to Bayerische Motoren Werke (BMW) in 1922. Initially, the company produced airplanes, motorcycle engines, agricultural equipment, household goods. The company produced motorcycles in 1923 and BMW became an automobile manufacturer in 1928 when it bought the Fahrzeugfabrik Eisenach.
To date, the BMW Group has its main office in Munich and produces motor vehicles in Germany, Brazil, China, India, Mexico, the Netherlands, South Africa, the United Kingdom, and the United States. To date, the BMW Group’s production network is located in 31 locations in 15 countries. In 2020, this company earned revenues of 98 billion euros or equivalent to 115 billion US Dollars with a profit of 3.8 billion euros or equivalent to 4.4 billion US dollars.
7.Hyundai Motor Co.
The Hyundai Motor Company, as we know “Hyundai” is a South Korean multinational automotive manufacturer and has a main office in Seoul, South Korea. Hyundai Motor Company. The founding father of the company is Chung Ju-yung. He started in 1967. Along with a hard-working and long-lasting commitment to survive, he continues to develop its business with various vehicle variants. In addition to its well-known Hyundai brand, the company has an affiliation with Kia Corporation (the manufacturer of KIA cars) because it owns a 33% stake.
Hyundai operates the world’s largest integrated car manufacturing facility in Ulsan, South Korea with an annual production capacity of 1.6 million units. The company also employs about 75,000 people worldwide. Hyundai has sold its products in many countries through thousands of dealers and showrooms. Based on sales figures, in 2020, the company was able to sell more than 1.6 million cars. In 2020, financially, the company still showed a positive performance by obtaining revenues of 103 trillion Korean Won (KRW) or equivalent to 94 billion US Dollars with a net profit of 1.9 trillion KRW or equivalent to 1.7 billion US Dollars.
Tesla, Inc. is an electrical and environmentally friendly automotive company based in Palo Alto, California. Tesla products include electric cars, energy storage batteries, solar panels, and solar roofs. Founded in July 2003 by Martin Eberhard and Marc Tarpenning. Tesla’s name is actually a tribute to the famous inventor and electrical engineer from the United States, Nikola Tesla. Since Elon Musk leads this company, who has been CEO since 2008, the company has grown rapidly by releasing various variants of its electric vehicle models.
Tesla started production of their first car model, the Tesla Roadster in 2009 and the Model S sedan in 2012, the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y in 2020. Many of these models are selling well in the international market. In 2020, financially, this company still showed a positive performance by obtaining revenues of 31 billion US dollars with a net profit of 721 million dollars.
9.Fiat Chrysler Automobiles NV
Fiat S.p.A. or Fabbrica Italiana Automobili Torino is an automotive company and has main office in Turin, Italy. The founding father of the company is Giovanni Agnelli on July 11, 1899. In 2014, the company changed its name to Fiat Chrysler Automobiles N.V. (FCA) following Fiat’s acquisition of the Chrysler automotive company. By joining Chrysler, of course, adding to the company’s product portfolio which includes the brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, and Ferrari. In 2020, financially, the company was able to generate revenues of 86 billion euros or equivalent to 101 billion US Dollars with a net profit of 24 million euros or equivalent to 28 million US dollars.
10.Ford Motor Co.
The Ford Motor Company, commonly known as Ford, is an American multinational automaker has the main office in Dearborn, Michigan. Founded by Henry Ford on June 16, 1903. The company sells cars and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also acquired the Brazilian SUV carmaker Troller in 2007 and owns an 8% stake in Britain’s Aston Martin and a 32% stake in Jiangling Motors. In 2020, this company showed an unsatisfactory performance. In that year, the company earned revenues of 127 billion US dollars but suffered a net loss of 1.2 billion dollars.
Source of Article “Top 10 World’s Largest Automotive Companies in 2020”
Toyota Motor Corp. 2021. Annual Report 2020. Accessed via https://global.toyota/en/ir/library/sec/ on 20 June 2021
Volkswagen AG 2021. Annual Report 2020. Accessed via https://annualreport2020.volkswagenag.com/ on 20 June 2021
Honda Motor Co. 2021. Annual Report 2020 Accessed via https://global.honda/investors/ on 20 June 2021
General Motors Co. 2021. Annual Report 2020 Accessed via https://investor.gm.com/investor-relations on 20 June 2021
Daimler AG 2021. Annual Report 2020 Accessed via https://www.daimler.com/investors/reports-news/annual-reports/2020/ on 20 June 2021
BMW. 2021. Annual Report 2020 Accessed via https://report.bmwgroup.com/financial-statements/ on 20 June 2021
Hyundai Motor Co. Annual Report 2020 Accessed via https://www.hyundai.com/worldwide/en/company/ir/financial-information/financial-highlights/annual on 20 June 2021
Tesla (TSLA). 2021. Annual Report 2020 Accessed via https://ir.tesla.com/_flysystem/s3/sec/000156459021004599/tsla-10k_20201231-gen.pdf on 20 June 2021
Fiat Chrysler Automobiles NV (FCAU). 2021. Annual Report 2020 Accessed via https://www.stellantis.com/en/investors/stock-and-shareholder-info/agm-15-april-2021 on 20 June 2021
Ford Motor Co. 2021. Annual Report 2020. Accessed via https://sec.report/Document/0000037996-21-000012/ on 20 June 2021