Automotive companies are engaged in the development, designing, manufacturing, marketing, and sales of motor vehicles, and also focus on a range of related components such as batteries, fuel, engines, and bodies. Automotive companies design, develop, and produce self-powered vehicles trucks, passenger cars, farm machinery and equipment, and other commercial and privately used vehicles. The primary focus in the industry currently is on the introduction of new and more innovative products, as well as innovation in existing products owing to a surge in technological advancements in various industries and sectors across the globe. Major trends observed for a while now have been a rapid striving to expand product offerings, increase features in products, in-build intelligence in vehicles, capitalize on technology and related components, and retain and build loyalty-oriented consumer bases.
Popular automotive manufacturers included in this section are Toyota Motor Corporation, Daimler AG, Volkswagen AG, BMW, Tesla Inc., Honda Motor Co., Ltd., and General Motors.
Toyota Motor Corp is engaged in the design, manufacture, assembly, and sale of passenger vehicles, commercial vehicles, minivans, and related accessories and components. This is the world’s first automobile manufacturer to produce around 10 million vehicles per year, which it has done since 2012. The company produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. It operates mainly through its automotive and financial services segments. In addition to automotive products, Toyota – via its subsidiaries – manufactures rubber and cork materials, steel, synthetic resins, automatic looms, cotton, and woolen goods.
Daimler AG is one of the successful automotive companies, with its divisions Daimler Trucks, Daimler Buses, Mercedes-Benz Cars, Mercedes-Benz Vans, and Daimler Financial Services. This is the biggest manufacturer of commercial vehicles and producer of premium cars in the world. Mercedes-Benz and Smart car brands are part of the Daimler Group, which are combined under the Mercedes-Benz Cars division. In 2018, the most popular vehicle segment of the group’s Mercedes Benz brand was the SUV segment. In addition, Mercedes-Benz was the most valuable automobile brand in Germany in 2018.
Volkswagen AG (Volkswagen Group) is one of the world’s leading manufacturers of automobile and commercial vehicles. The group includes 12 brands namely: Volkswagen Passenger Cars, SEAT, Audi, ŠKODA, Bentley, Bugatti, Lamborghini, Ducati, Volkswagen Commercial Vehicles, Porsche, Scania, and MAN.
The Volkswagen Group operates through two divisions: the automotive division and the financial services division. The automotive division segment comprises commercial vehicles, passenger cars, and power engineering business areas. In addition, the automotive division comprises the development of vehicles and engines, production and sale of light commercial vehicles, passenger cars, buses, trucks, motorcycles, propulsion components, special gear units, and testing systems businesses.
BMW (Bayerische Motoren Werke Aktiengesellschaft), along with its subsidiaries, is engaged in manufacturing, developing, and sales of motorcycles and automobiles worldwide. The company operates through motorcycles, automotive, and financial services segments. The automotive segment develops, assembles, manufactures, and sells automobiles and off-road vehicles under MINI, BMW, and Rolls-Royce brands, and spare parts and accessories.
Tesla Inc. is engaged in designing, developing, manufacturing, and sales of fully electric vehicles (EVs). In addition, the company generates energy and manufactures energy storage systems. Furthermore, the company provides after-sales services such as installation and maintenance of energy systems. Tesla Inc. is the world’s first vertically-integrated company for the sustainable energy sector, offering end-to-end clean energy products, including generation, storage, and consumption. Tesla Inc. produces and sells three fully electric vehicles: Model S sedan, Model X- sport utility vehicle, and Model 3 sedan.
Honda Motor Co., Ltd. is engaged in the development, manufacturing, and distribution of motorcycles, power products, automobiles, and other products worldwide. The company’s shares trade on the New York Stock Exchange, Tokyo Stock Exchange, as well as exchanges in Nagoya, Osaka, Sapporo, London, Paris, Kyoto, Switzerland, and Fukuoka.
In addition, the company sells spare parts and offers after-sale services through retail dealers or independent distributors. The company has around 89 plants in 33 countries worldwide. These plants are located in China, the US, Pakistan, Canada, the UK, Belgium, Japan, Brazil, Mexico, Malaysia, New Zealand, Indonesia, Philippines, India, Thailand, Turkey, Vietnam, Peru, Argentina, and Taiwan.
General Motors Company is engaged in designing, building, and selling trucks, cars, crossovers, and automobile parts across the globe. The company operates through four business segments namely: GM International, GM North America, GM Cruise, and GM Financial. The company primarily sells its vehicles under brand names that include Buick, Chevrolet, Cadillac, GMC, Holden, Baojun, Jiefang, and Wuling. Additionally, the company offers connected security, safety, and mobility solutions for retail and fleet customers. Solutions include stolen vehicle assistance, automatic crash response, roadside assistance, the remote door unlocks, dealer maintenance notifications, turn-by-turn navigation, hands-free calling, vehicle location services, smart driver, and marketplace.