Published on 30 Mar 2024 on Insider Monkey via Yahoo Finance
25 Largest Automotive Companies and Suppliers in the World
In this piece, we will take a look at the 25 largest automotive companies and suppliers in the world. If you want to skip our overview of the global automotive industry, then you can take a look at the 5 Largest Automotive Companies and Suppliers in the World.
The global automotive industry is one of the largest in the world, having grown in size after the first mass produced automobiles were offered by Ford Motor Company (NYSE:F) and Rolls-Royce Holdings plc (OTC:RYCEY). Since then, cars have become significantly more advanced, and in the 21st century, they're also facing stiff competition from next generation vehicles that use electricity and aim to reduce global greenhouse gas emissions.
Its size and tight link with the economy also means that the automotive industry often ends up acting as one of the barometers for economic health. This is because large manufacturers like Ford and General Motors Company (NYSE:GM) employ thousands of people in their factories. These workers are dependent on car sales, and if the economy is growing and people can buy more cars, the workers are able to keep a job and vice versa.