Toyota Tops Global Automotive Profit in 2019

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Andrea Lidwina 15/01/2021 14:29 WIB

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Toyota Motor earned a profit of US$19.1 billion in 2019, the highest among all automotive companies worldwide. Volkswagen followed with US$15.5 billion.

Top 10 Automotive Companies by Profit (2019)

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Toyota Tops Global Automotive Profit in 2019

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Top 10 Automotive Companies by Profit (2019)

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Toyota Motor earned US$19.1 billion in 2019, the highest profit among automotive companies worldwide. Volkswagen followed in second place with US$15.5 billion.

General Motors recorded a profit of US$6.7 billion that same year, while BMW Group earned US$5.5 billion and Honda Motor US$4.2 billion. Volvo, SAIC Motor, and Peugeot's profits were in the US$3 billion range, followed by China FAW Group and Jardine Matheson at around US$2 billion.

However, these automotive companies' profits are expected to have fallen sharply last year due to decreased demand during the Covid-19 pandemic.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."