The increasing automobile sales each year is good news for car manufacturers around the world. But is the mounting competition from innovators in the market posing a serious challenge for automotive manufacturers? From phones to cars, everything is becoming ‘Smart’ today, and innovators in the market such as Tesla have already introduced electric cars and have also started pilot testing ‘Self-driving cars”. This puts pressure on the other car manufacturers in the market to gear up their strategies and provide customers with better designs, technology, and features for their cars.
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Want to know who are the fast and furious players in the automotive industry? Here is the list:
Volkswagen
You might be aware that the German automobile giant Volkswagen group owns some of the best-known car brands such as Bentley, Audi, Lamborghini, Porsche, Skoda, etc. That’s not all – the popular motorcycle brand Ducati and commercial vehicles such as MAN, Scania, Neoplan, etc. are some of the additional feathers on Volkswagen’s cap. Since 2016, Volkswagen has maintained its position as one of the top car manufacturers globally.
Toyota
Toyota is one of the most popular car manufacturers in the world. The Japanese automotive player is a market leader in hybrid electric vehicles. Their operations mainly include designing and assembling passenger cars, trucks, and other heavy vehicles. They also provide lease finance to their customers.
Renault-Nissan
Renault-Nissan has been a significant performer in the top global car manufacturers’ list. This automotive maker controls several notable brands such as Renault, Nissan, Infiniti, Datsun, Mitsubishi, etc. The alliance partners are one of the top manufacturers of plug-in electric vehicles in the world. Request a free proposal for the latest insights on factors impacting growth in the car manufacturing sector.
General Motors
This American-based company is one of the renowned car manufacturers around the world. General Motors, popularly called GM, sells vehicles under the brand names such as GMC, Chevrolet, Cadillac, Opel, etc. They are basically into designing, manufacturing, and sales of passenger vehicles, automobile parts, and trucks worldwide. They also have operated extensively in aircraft engine manufacturing.
Ford Motors
Ford motors is a US-based automobile manufacturer, headquartered in Michigan. The company sells automobiles around the world and has a rich history of 113 years. The primary segment that garners maximum profit for this company is their pickup trucks. Apart from their own brand, they also sell vehicles under the name Lincoln and Troller.
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