World’s 10 Largest Car Manufacturers
Japanese car maker Toyota Motor Corporation is the world’s largest car manufacturer. It has sold 3,564,105 units in the first half of 2009 compared to 4,815,442 units in the first half of 2008. Though Toyota reported an annual net loss of US$4.4 billion on May 8, 2009, it could still emerge as the world’s largest car maker. The Japanese giant has been severely affected by the 2007-2009 financial crises. Toyota ventured into the automobile industry in 1934 with its first product Type A engine. It manufactured in its first passenger car the Toyota AA in 1936. Toyota Motor Corporation was established as an independent and separate company in 1937.
General Motors was established in 1908 by William C. Durant. It is world’s second-largest car maker. General Motors was world’s number one car company for consecutive 77 years from 1931 to 2007. Because of the economic conditions, the beleaguered car giant went bankrupt on June 1, 2009. On 10th July 2009, the company emerged from” Chapter 11 bankruptcy” reorganization. In spite of all these, General Motors could sell 3,552,722 units compared to last year’s 4,541,125 units.
The Volkswagen Group is the world’s third largest car maker. It sold 3,100.300 units this year compared to 3,265,200 units of previous years. The Volkswagen Group constitutes the car brands like Audi AG, Bentley Motors Ltd., Automobiles Bugatti SA, Automobili Lamborghini Holding S.p.A., SEAT, Skoda Auto and heavy goods vehicle manufacturer Scania AB. Recently, Porsche has united with the Volkswagen Group. The German luxury car company was founded on May 28, 1937 under the leadership of Adolf Hitler. Adolf Hitler wanted a “people’s car”. Volkswagen literally means ‘people’s car’ in German.
Hyundai-Kia has emerged as the world’s fourth largest car manufacturer. This year Hyundai-Kia jumped up a rank above. The Korean car maker showed global sales for the first half of 2009 at 2,153,000 units. The Indian subsidiary of Hyundai Kia Automotive Group, the Hyundai Motors India, is the country’s second largest car manufacturer. The Hyundai Motor Company was founded in 1967. It became the Hyundai Kia Automotive Group when Hyundai Motor Company purchased 51% of South Korea’s second-largest car company, Kia Motors in 1998.
Ford Motor Company was founded by Henry Ford and incorporated on June 16, 1903. Presently, it is world’s fifth largest car maker with 2,145,000 units of global sales. This year, Hyundai-Kia edged out the mighty Ford of the fourth position. In 2007, Ford fell from second to third-ranked car maker for the first time in 56 years, behind only General Motors and Toyota.