10 World’s Largest Car Companies in 202210 World’s Largest Car Companies in 2022

10 World’s Largest Car Companies in 2022- According to Annual Report in 2022, there are 10 World’s Largest Car Companies.   Basically, the rank can be clustered into assets and net income / profit of car companies in 2022.  The companies that we ranked are public companies. The car public companies have listed its stock in stock markets and many people can buy and trade its stock. With these conditions as a public company, many people can access the financial statements of the company. 

10 World’s Largest Car Companies in 2022 - List of The Car Companies

Many of us still know the company because many people used the vehicle production from these companies. Many different models, brands, and technologies can be seen from their products. Here is the rank of 10 world’s largest car companies based on the amount of net profit/profit obtained by each car company in 2022. The data of net income / profit can be seen in the income statement.

Rank 10 Largest Car Companies in the World of 2022 Based on Net Income

RangkingNama Perusahaan RevenueNet Income
Origin CurrencyUS. DollarOrigin CurrencyUS. Dollar
1Volkswagen AG 279 Billion Euro$ 292 Billion22 Billion Euro $ 23 Billion
2Toyota Motor Corp.31,379 Billion Yen $ 219 Billion2,850 Billion Yen $ 19.9 Billion
3BMW Group142 Billion Euro$ 149 Billion18.5 Billion Euro$ 19.4 Billion
4Stellantis179 Billion Euro$ 187 Billion16.7 Billion Euro$ 17.5 Billion
5Daimler AG 150 Billion Euro $ 157 Billion14.8 Billion Euro $ 15.54 Billion
6Tesla 81.4 Billion US Dollar $ 81.4 Billion 12.5 Billion US Dollar $ 12.5 Billion
7General Motors Co. 156 Billion US Dollar$ 156 Billion 9.9 Billion US Dollar$ 9.9 Billion
8Hyundai Motor Co.142,527 Billion KRW$ 106 Billion7,983 Billion KRW$ 5.9 Billion
9Honda Motor Co. 16,907 Billion Yen $ 118 Billion651 Billion Yen $ 4.5 Billion
10Ford Motor Co.158 Billion US Dollar $ 158 Billion ($ -2.1 Billion )($ -2.1 Billion)
Source : Annual Report, 2022
Origin Currency : Currency Officially Used in Annual Report 2022
US Dollar : Currency that is converted to US Dollar from Origin Currency Using Currency Rates Below
Currency Rates :
1 Japanese Yen (JPY) = 0.0070 US Dollar (USD)
1 Euro = 1.05 US Dollar (USD)
1 Korean Won (KRW) = 0.00075 US.Dollar (USD)

Of course, from the rank above, several big players such as Volkswagen AG, Toyota Motor Corp, BMW Group, Stellantis, and Daimler AG are still the top 5 biggest car companies based on assets in 2022. 

In addition to analysing the company’s income and revenue, we also analyse the data related to the company’s assets and debts (liabilities) taken from the balance sheet of each company.  The Assets and liabilities can describe the financial position of the company. Company with less liabilities than assets can be an indication of its financial health.

The Rank of 10 World’s Largest Companies Based on Assets in 2022

RangkingNama Perusahaan AssetsLiabilities
Origin CurrencyUS. DollarOrigin CurrencyUS. Dollar
1Volkswagen AG 564 Billion Euro $ 592 Billion386 Billion Euro$ 405 Billion
2Toyota Motor Corp.67,688 Billion Yen $ 473 Billion41,443 Billion Yen $ 290 Billion
3Daimler AG 260 Billion Euro$ 273 Billion173 Billion Euro$ 181 Billion
4General Motors Co. 264 Biilllion US Dollar$ 264 Billion 191 Billion US Dollar$ 191 Billion
5BMW Group246 Billion Euro$ 258 Billion154 Billion Euro$ 161 Billion
6Ford Motor Co.255 Billion US Dollar $ 255 Billion 212 Billion US Dollar $ 212 Billion
7Stellantis186 Billion Euro $ 195 Billion113 Billion Euro $ 118 Billion
8Hyundai Motor Co. 255,742 Billion KRW$ 191 Billion164,845 Billion KRW$ 123 Billion
9Honda Motor Co. 24,670 Billion Yen $ 172 Billion13,167 Billlion Yen $ 92 Billion
10Tesla 82.3 Billion US Dollar$ 82.3 Billion 36.4 Billion US Dollar$ 36.4 Billion
Source : Annual Report, 2022
Origin Currency : Currency Officially Used in Annual Report 2022
US Dollar : Currency that is converted to US Dollar from Origin Currency Using Currency Rates Below
Currency Rates :
1 Japanese Yen (JPY) = 0.0070 US Dollar (USD)
1 Euro = 1.05 US Dollar (USD)
1 Korean Won (KRW) = 0.00075 US.Dollar (USD)

Regarding the 10 Largest Car Companies in the World in 2022, here are some brief explanations related to the description of each company taken from various sources, especially data from the Company’s Annual report.

Brief Description of 10 World’s Largest Car Companies in 2022



1.Volkswagen AG

10 World’s Largest Car Companies in 2022- Volkswagen Group

Founded on May 28, 1937, and has its main office in Wolfsburg, Germany, Volkswagen has become one of the world’s largest car companies in 2022. 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, namely Scania AB and MAN SE. In 2022, the company generated revenues of 279 billion euros or equivalent to 292 billion US Dollars with gaining a net profit of 22 billion euros or equivalent to 23 billion US Dollars.

2.Toyota Motor Corp.

Toyota Motor Corp. is one of the world’s largest car companies from Japan. Based on its history, the company was founded by Kichiro Toyoda on August 28, 1937. Until now, Toyota Motor Corporation produced vehicles under various brands such as Toyota, Hino, Lexus, Ranz, and Daihatsu brands. In addition, this company also has shares in several well-known car 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

10 World’s Largest Car Companies in 2022- Toyota Motor Corp

Until now, the company is still headquartered in Toyota City, in Aichi Prefecture, Japan. In 2022, based on its financial performance, the company generated revenues of 31 trillion yen or equivalent to 219 billion US Dollars with a net profit of 2.8 trillion yen or equivalent to 19.9 billion US Dollars.

3.Daimler AG

Daimler AG is one of the world’s largest car companies in 2022 from Stuttgart, Germany that was formerly known as Daimler-Benz and Daimler Chrysler. This company is generally known as the Mercedes-Benz car brand. Until now, this German multinational car 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).

10 World’s Largest Car Companies in 2022- Daimler AG

In 2014, Daimler had stakes in several 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 2022, the company earned revenues of 150 billion euros, or equivalent to 157 billion US dollars, and a net profit of 14.8 billion euros or equivalent to 15.5 billion US dollars.

4.General Motors Co.

The General Motors Company is one of the world’s largest car companies from the United States, headquartered in Detroit, Michigan. Historically, 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.

10 World’s Largest Car Companies in 2022- General Motors

Along with the development of the company, they have produced many cars with well-known brands in the world. Some of General Motors 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, 122 production plants, and more than 4,000 dealers in the United States. In 2022, this company generated revenues of 156 billion US dollars and a net profit of 9.9 billion US dollars.

5.BMW Group

The BMW (Bayerische Motoren Werke) group is an international car company originating from Germany. They started their business on March 7, 1916. Historically, 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, and household goods. The company produced motorcycles in 1923 and BMW became an automobile manufacturer in 1928 when it bought the Fahrzeugfabrik Eisenach. Along with the development, until 2022, BMW Group will have some famous brands, namely BMW, Mini, and Rolls-Royce. Commonly, these brands are premium class vehicles.

10 World’s Largest Car Companies in 2022- BMW Group

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. Furthermore, the BMW Group’s production area is in 31 locations in 15 countries. In 2022, this company earned revenues of 142 billion euros or equivalent to 149 billion US Dollars with a profit of 18.5 billion euros or equivalent to 19.4 billion US dollars.

6.Ford Motor Co.

10 World’s Largest Car Companies in 2022- Ford Motor Companies

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 2022, this company showed an unsatisfactory performance. In that year, the company earned revenues of 158 billion US dollars but suffered a net loss of -2.1 billion dollars.

7.Stellantis

10 World’s Largest Car Companies in 2022- Stellantis

Stellantis N.V is a global car company that was formed in 2023. Structurally, this company is the merger between Fiat Chrysler Automobiles (FCA) and the French PSA Group. As of this merger, this company, Stellantis controls many vehicle brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall. Financially, in 2022, this company has assets around 186 billion Euro / 195 billion US Dollar and Liabilities around 113 billion Euro / 118 billion US Dollar. Based on the business performance in 2023, the company gained revenue around 179 billion Euro / 187 billion US Dollar and net income around 16.7 billion Euro / 17.5 billion US Dollar.

8.Hyundai Motor Co.

The Hyundai Motor Company, as we know “Hyundai” is a South Korean multinational car manufacturer and still 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.

10 World’s Largest Car Companies in 2022- Hyundai Motor Co

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 2022, the company was able to sell more than 1.6 million cars. In 2022, financially, the company still showed a positive performance by obtaining revenues of 142 trillion Korean Won (KRW) or equivalent to 106 billion US Dollars with a net profit of 7.9 trillion KRW or equivalent to 5.9 billion US Dollars.

 9.Honda Motor Co.

10 World’s Largest Car Companies in 2022- Honda

The Honda Motor Company, Ltd. is a Japanese multinational car 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 2022, they can 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 2022, Honda recorded revenues of 16 trillion yen or equivalent to 118 billion US dollars and a net profit of 651 billion yen or 4.5 billion US dollars.

10.Tesla

Tesla, Inc. is an electrical and environmentally friendly car 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 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.

10 World’s Largest Car Companies in 2022- Tesla

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 2022. Many of these models are selling well in the international market. In 2022, financially, this company still showed a positive performance by obtaining revenues of 81 billion US dollars with a net profit of 12.5 billion dollars.


The Summary of 10 World’s Largest Car Companies in 2022


10 World's Largest Car Companies in 2022 Based on Assets

10 World's Largest Car Companies in 2022 Based on Net Income


Bibliography of Article “Top 10 World’s Largest Car Companies in 2022”

Toyota Motor Corp. 2023. Annual Report 2022. Accessed via https://global.toyota/en/ir/library/annual/  on 20 June 2023

Volkswagen AG 2023. Annual Report 2022. Accessed via https://annualreport2022.volkswagenag.com/  on 20 June 2023

Honda Motor Co. 2023. Annual Report 2022 Accessed via https://global.honda/investors/  on 20 June 2023

General Motors Co. 2023. Annual Report 2022 Accessed via https://investor.gm.com/  on 20 June 2023

Daimler AG 2023. Annual Report 2022 Accessed  https://group.mercedes-benz.com/investors/reports-news/annual-reports/2022/  on 20 June 2023

BMW. 2023. Annual Report 2022 Accessed via https://www.bmwgroup.com/en/investor-relations/company-reports.html on 20 June 2023

Hyundai Motor Co. Annual Report 2022 Accessed via https://www.hyundai.com/worldwide/en/company/ir/financial-information/financial-statements  on 20 June 2023

Tesla (TSLA). 2023. Annual Report 2022 Accessed via https://ir.tesla.com/sec-filings   on 20 June 2023

Stellantis. 2023. Annual Report 2022 Accessed via https://www.stellantis.com/en/investors/reporting/financial-reports  on 20 June 2023

Ford Motor Co. 2023. Annual Report 2022. Accessed via https://shareholder.ford.com/Investors/financials/default.aspx on 20 June 2023

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