Today we’re diving into the world of automobiles. We will be exploring the world’s top 10 richest car companies in the world. The first car was built from 1885 to 1886 by German mechanic Karl Benz. However, that might not be entirely true, transportation vehicles have been dated all the way back to the 15th century engineered by Leonardo da Vinci. From the 15th century and into the 21st century, the automobile has changed drastically and with those changes came power and money.
At the last count, there were 1.015 Billion automobiles in use in the world today, that includes cars, trucks, buses and heavy-duty trucks. At the last consensus, it was estimated that 17.5 million vehicles are sold each year raking in a whopping $105 Billion. So, it’s time now to take a closer look at the top richest car companies in the automotive world and learn how they got their start.
10: Fiat Chrysler Automobiles N.V. – Market Cap 33.6 Billion
Fiat is based in the UK and made over $100 Billion in revenue in a single year. It continues to grow becoming one of the best-known brands in the United Kingdom as well as other countries. Fiat was one of the most valuable and richest car companies in the world in 2018, beating out Renault. Chrysler and Fiat merged in 2014, with the first being founded in Italy in 1903 and the second being founded in Detroit Michigan in 1925.
Fiat stands for what translates to Italian Automobiles Factory Turin in Italian. Chrysler was founded by Walter Chrysler when the company called Maxwell Motor Company was reorganized, after that it became the Chrysler Corporation. Fiat has a long history of being dedicated to the environment, always trying to incorporate conserving energy and helping the planet into their production. The Fiat 200 was one of the smallest cars produced coming in at 127 inches in length.
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9: Nissan – Market Cap $38.92 Billion
December 26, 1933, a company was known as Nissan found its way into the market under the name Nissan Group. The company was born as the result of a slow merging of several automakers, the entire process actually began in 1914. During the Second World War and like most automobile manufacturers Nissan was forced to switch its primary focus from everyday use vehicles to those used for war. This included engines for aircraft and boats as well as army vehicles. Later the company would benefit from the work creations and will go on to expand their company, adding a department for independent shipbuilding and a department for engine building. In 2010 Nissan will go on to mass-produce the first car to run solely on electricity, the Leaf. In 2016, Nissan was responsible for 275,000 all-electric vehicles.