The global auto industry is highly competitive, and it is dominated by companies in Europe, Japan, the United States, and South Korea. Volkswagen, Toyota, and Daimler are the three leading passenger car manufacturers in the world.
In 2018, the previous number-one manufacturer on our list, Toyota, was overtaken for the top spot. The Volkswagen Group became the new number one.
With 2020 shaping up to be another competitive year for the global auto industry, we've compiled a list of the world's largest car companies (based on 2019 revenue).
The Largest Car Companies in the World (2019 Ranking List)
There’s a quiet revolution underway in the automotive world: the transition to low- and no-emission vehicles. Car companies have seen the future, and the future is electric cars. The key to winning the market is to have better products and services.