Although there are hundreds of different automobile companies across the world only a few of these are in the Billion Dollar Club. Today we look at the ten most valuable automobile companies in the world.
Fiat an Italian automobile manufacturer, a subsidiary of FCA Italy S.p.A., which is part of Fiat Chrysler Automobiles. The company has grown by leaps and bounds in recent years. Fiat Automobiles was formed in 2007 when Fiat reorganized its automobile business and traces its history back to 1899 when the first Fiat automobile, the Fiat 4 HP, was produced. The company is worth about $US35.5 billion.
Nissan, now called Nissan Group, is a Japanese multinational automobile manufacturing company headquartered in Nishi-Ku, Yokohama. The company sells its cars under the brand names of Nissan, Infiniti, and Datsun with in-house performance tuning products labeled Nismo. Nissan’s net worth is about $US41.5 billion. Since the year 1999, Nissan has been part of the Renault–Nissan–Mitsubishi Alliance, a partnership between Nissan of Japan, Mitsubishi Motors of Japan and Renault of France.
Ford Motors is an American multinational automobile company headquartered in Detroit. It was founded by Henry Ford in 1903. The company sells automobiles and commercial vehicles under the Ford brand and the most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller and also has stakes in few other international companies. It also has multiple joint-ventures in China (Changan Ford), Thailand (AutoAlliance Thailand) and Russia (Ford Sollers) among others. Ford’s net worth is around $US45 billion. The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.
Tesla, founded in 2003, is an American multinational corporation based in Palo Alto, California, that specializes in electric vehicles, lithium-ion battery energy storage and solar panel manufacturing. It’s the leading electric car company in the world. The company’s current CEO and tech-mogul Elon Musk promised that Tesla is focused on producing electric cars affordable to the average consumers. As of June 2018, Tesla sells the Tesla Model S, Model X, and Model 3 vehicles, Powerwall and Powerpack batteries, solar panels, and roof tiles, plus other related products. The company’s net worth is about $US48 billion.
5. GENERAL MOTORS
General Motors is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. GM manufactures cars and trucks in 35 different countries. The company was founded by William C. Durant in 1908 as a holding company. The company holds the distinction of being the largest automobile manufacturer from 1931 through 2007. Its net worth is more than $US53 billion.