Volkswagen, Toyota and Hyundai are the world’s three leading passenger car manufacturers. The global car industry is highly competitive and dominated by companies based in Europe, Japan, South Korea and the USA. The world’s largest automakers are China, the USA, and Japan.

The Four Biggest Passenger Car Manufacturers In The World

Toyota – 10,466,051

Toyota became the world’s largest automobile company, producing more than 20 million vehicles in 2017. The Japanese company follows its history until 1933 when it became a branch of Toyoda Automated Bench Works. The company, led by Kiichiro Toyoda, became Toyota Motor Company in 1937. Over the years, the company has managed to reduce production costs and improve vehicle quality by adopting principles such as Just in Time (JIT) and Lean manufacturing systems. The company’s annual revenue exceeds $ 200 billion. Toyota’s main markets are Asia (Thailand, India and Indonesia), Europe (Germany, France, the UK and Italy) and the USA.

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Volkswagen – 10,382,334

This German company produced 10.3 million units in 2017. On May 28, 1937, the company became a state-controlled company called Gesellschaft Zur Vorbereitung des Deutschen Volkswagens mbH. The factory of the company is II. It was destroyed in World War II and was described in 1960 after it was rebuilt. Today’s company includes brands such as Audi, Porsche, Bentley, SEAT and Lamborghini. The company’s major markets are China and Europe. Recently, the company reached news in an emission scandal using software in diesel engines to underestimate emission levels.

Hyundai – 7,218,391

Hyundai, headquartered in South Korea, started operations in 1967 as Hyundai Motor Company. The company was the brain of Chung Ju-Yung. Over the years, the company has slowly transformed into a holding, with numerous affiliates and subsidiaries worldwide. The company’s US, China, Russia, India, the Czech Republic has six international and three domestic factories and factory in Turkey. Hyundai is dominant in Korea and has pursued a larger global market with branding and innovative products.

General Motors – 6,856,880

General Motors headquarters is in the state of Michigan in the USA and was founded in 1908 as part of Buick. The company was renamed General Motors Corporation in 1916, and in 1929 it became the leading car manufacturer in the USA. The global dominance of the company has been increasingly challenged by companies from Japan and South Korea, but the company outperformed its competitors in North America Market. Other important markets for China and European company. General Motors’ brands include Cadillac, Buick and Chevrolet.