Top 17 Ford Competitors & Alternatives in 2024

The top Ford Competitors are General Motors Company, Toyota Motors, Tata Motors, Hyundai Motors, Honda Motor Company, Tesla Motors and others. The Ford Motor Company is a gigantic automobile manufacturing corporation having a legacy of being one of the finest automakers in the world for 115 years. It was founded by legendary businessman and automobile aficionado Henry Ford in Detroit, Michigan in 1903.

Renowned worldwide for introducing the moving assembly line operations for the manufacturing of cars on never-seen-before, massive scale; Ford motors owns many prestigious brands like luxury car brand ‘Lincoln’, Brazilian SUV ‘Troller’ and holds 8% stake in Aston Martin of UK. Ford had a production output of  4.2 million vehicles in 2022. It faced a severe financial crisis in 2006 and was almost on the verge of bankruptcy but was back on track in almost no time by reporting profits in 2007. Ford Motor revenue for the quarter ending June 30, 2023 was $44.954B.

Ford Motor net income for the quarter ending June 30, 2023 was $1.917B. Ford Motor gross profit for the quarter ending June 30, 2023 was $7.483B. Ford Motor market cap as of September 05, 2023 is $48.39B.Ford Motor total number of employees in 2022 was 173,000.

As a part of its strategic growth plans, Ford Motors has acquired a majority stake in Artificial Intelligence start-up ‘Argo AI’ in 2017. Now, it’s planning to trim its workforce by 10% in Asia and US as well as save US$3 billion through cost reduction measures. This will definitely bolster its position as a strong contender for being a leader in automobile manufacturing again and regain is past glory of #1 automobile giant all over the world.

Here are the top Ford Competitors

1) General Motors Company

• Product Type: Automobiles, trucks, and automotive parts
• Industry: Automotive
• Founded Date: September 16, 1908
• Founders: William C. Durant, Charles Stewart Mott, Frederic L. Smith
• Headquarters: Detroit, Michigan, United States
• Area Served: Worldwide
• Current CEO: Mary Barra
• Revenue:$44.746B (June 30, 2023)
• Market capitalization: $45.82B (August 15, 2023)
• Number of employees: 167,000(2022)
• Major products: Chevrolet, GMC, Buick, Cadillac, Baojun, Wuling

General Motors Company, popularly known across the globe as GM, is an American automobile conglomerate, having its headquarter in Detroit. Its manufacturing operations are located in more than 35 countries. This legendary corporation was founded in 1908 and the iconic brands under its umbrella are Chevrolet, Buick, Cadillac, GMC, Holden, and Wuling.

GM has global manufacturing operations in six continents, across 22 time zones. It has more than 167,000 employees across the globe. General Motors net income for the quarter ending June 30, 2023 was $2.540B.

General Motors went through a particularly rough patch when it suffered heavy losses and went bankrupt in 2009. After a bailout by US treasury of US$49.5 billion, they dissolved the old GM and formed the current corporation. It took over all the assets of the old GM including its brand name GM. The company went through intense reconstruction and shed its brands like Hummer, Pontiac, Saab, and Saturn. Then it hit the markets with a new IPO and reported profits on its balance sheet in 2010.

GM sold over 20,000 fully electric vehicles for the first time in the first three months of 2023 and GM sold 599,187 vehicles in the U.S. in Q1 2023. With its revenue of $44.746B in 2023, GM is investing in cutting-edge technology with an elaborate network of its laboratories and science offices. GM has also announced its intent in 2016 to begin test-driving its driver-less vehicles after securing appropriate legal sanctions. GM is without a doubt one of the top most Ford Competitors.

2) Toyota Motors

• Product Type: Automobiles, commercial vehicles, and other mobility products
• Industry: Automotive
• Founded Date: August 28, 1937
• Founders: Kiichiro Toyoda, Sakichi Toyoda
• Headquarters: Toyota City, Aichi, Japan
• Area Served: Worldwide
• Current CEO: Akio Toyoda
• Number of employees: 375,235 (2023)
• Revenue:$76.992B (June 30, 2023)
• Market capitalization: $219.81B (August 16, 2023)

Toyota Motors hails from the land of engineering and automation – Japan – and currently reigns over the automobile industry. It has the honor of becoming the first automobile manufacturer to produce 10 million vehicles since 2012. Positioned firmly at Numero Uno in the automobile industry, Toyota Motors has the revenues of $76.992B as of June 30 2023.

As a result of its focus remarkable engineering and design, Toyota Motors also races ahead of every other automobile manufacturer in the sales of Hybrid Electric Vehicles. It has played a torchbearer for worldwide acceptance of hybrid vehicles from as early as 1997 and its attempts have come to fruition when in 2017, it crossed the landmark of selling 10 million hybrid passenger cars in 2017.

Japan’s Toyota has held on to the top spot in the Brand Finance Automobile 100 2022 ranking with a brand value of US$64.3 billion.

Toyota net income for the quarter ending June 30, 2023 was $9.573B.  Toyota gross profit for the quarter ending June 30, 2023 was $15.059B. They have reported sales of 10,421 units in Dec 2022.  Toyota’s motor vehicle production increased by 6.57 percent to reach roughly 8.69 million units in the fiscal year ended March 31, 2023.

This Japanese automobile giant came into existence in 1937 and has been selling its automobiles under brand names of Toyota, Lexus, Ranz, and Daihatsu. It has also diversified recently by investing in Mitsubishi Aircraft Corporation by paying US$67.2 million for a minority stake. It has also been actively supporting various humanitarian organizations such as American Red Cross and Leaders in Environmental Action for the Future. Toyota Motors has proved its al round capability for being a market leader by developing robots that can handle various tasks of elderly care, entertainment, and manufacturing. Due to its innovation and quality, Toyota is considered one of the top Ford Competitors.

3) Tata Motors

• Product Type: Cars, trucks, buses, coaches, and defense vehicles
• Industry: Automotive
• Founded Date: 28 December 1945
• Founder: J. R. D. Tata
• Headquarters: Mumbai, India
• Area Served: Worldwide
• Current CEO: N Chandrasekaran
• Number of employees: 59,000 (2022)
• Revenue: Rs 3.5 lakh crore (2023)
• Market capitalization: $26.86 Billion (August 2023)

Belonging to the proud house of Tatas- a leading industrial house in India, Tata Motors Ltd. is an Indian automobile corporation with a strong presence abroad. It has achieved many wondrous feats since its inception 73 years ago, in 1945.  It clocked in the revenues of Rs 3.5 lakh crore in 2023 and possesses a strong product line of passenger cars, sports cars, vans trucks, coaches, buses, construction equipment and military vehicles.

Tata Motors has its manufacturing plants at 6 locations in India and in UK, Thailand, South Africa and Argentina. Tata Motors registered its presence in the international arena with successive strategic acquisitions of notable automobile companies like Daewoo in 2004 and Jaguar Land Rover from Ford in 2008. It has also entered into joint venture with Marcopolo S.A. for manufacturing buses, with Hitachi for manufacturing construction machinery, and with Fiat Chrysler for producing automotive components. Because of its strong Asian presence, Tata motors is one of the top Ford Competitors.

Tata Motors is present in about 175 countries. Tata Motors is pioneering India’s Electric Vehicle transition and is India’s largest selling commercial vehicle manufacturer and is amongst the top three in the passenger vehicles market.

For the full 2022-23 fiscal, Tata Motors reported a net profit of Rs 2,414 crore against a net loss of Rs 11,441 crore.  Tata Motors registered total sales of 74,973 vehicles in May 2023. The company has operations in India, the UK, South Korea, and South Africa, with a network of 86 subsidiaries, ten associate companies, four joint ventures, and two joint operations as of March 31, 2022.

Tata boasts of producing the first-ever, fully indigenously developed passenger four-wheeler ‘Tata Indica’ car in 1998. It has also achieved a milestone in developing ‘Tata Nano’ the world’s cheapest car. Now, it is also moving in the sphere of electric vehicles. Its 2 oels – Tata Indica in the passenger vehicle segment and Tata Ace in the commercial vehicle segment are available in fully electric versions.

4) Hyundai Motors

• Product Type: Automobiles, SUVs, commercial vehicles, and buses
• Industry: Automotive
• Founded Date: December 29, 1967
• Founder: Chung Ju-yung
• Headquarters: Seoul, South Korea
• Area Served: Worldwide
• Current CEO: Jaehoon Chang
• Number of employees: 223,000 (2022)
• Revenue: KRW 42.25 trillion (Q2, 2023)
• Market capitalization: $19.02B (August 16, 2023)

One of the flagship brands from South Korea, The Hyundai Motor Company is based in Seoul since its inception in 1967 and is the third-largest automobile manufacturer in the world.

Hyundai Motors’ revenue in Q2,2023 was KRW 42.25 trillion. As a result of its steadfast commitment to quality, design, and research in manufacturing operations as well as its vehicles, Hyundai is the proud owner of the world’s largest automobile manufacturing facility in Ulsan, South Korea had an annual production capacity of 1.5 million units.

Hyundai Motors ranks amongst the top 100 valuable brands in the world. Its research and development centers are located in South Korea, Germany, Japan and India and a center in California exclusively develops designs for the US market.  The current design philosophy of Hyundai is ‘Fluidic Sculpture’ which is heavily inspired by nature.

Hyundai has an annual manufacture capacity of about 1.5 million units. Hyundai Motor Company announced that it sold 3,944,579 vehicles in 2022. For December 2022, Hyundai’s monthly global sales totaled 347,340 units, including 276,953 for overseas markets and 70,387 for the Korean market. It has about 223,000 employees across the world. Hyundai Motor net income for the quarter ending March 31, 2023 was $2.649B.

Hyundai Motors won the Strategic Vision Total Quality Award by Strategic Vision’s Total Quality Index measuring ownership experience. It has also come up with an augmented reality app helping its customers about operation and maintenance of its vehicles. It has also invested in alternative energy vehicles very early when it came out with its first completely electric car Sonata in 1991. Its Elantra LPI Hybrid, launched in South Korea in 2009, was the world’s first hybrid electric vehicle.

5) Honda Motor Company

• Product Type: Automobiles, motorcycles, power equipment, and robots
• Industry: Automotive.
• Founded Date: September 24, 1948
• Founder: Soichiro Honda
• Headquarters: Minato, Tokyo, Japan
• Area Served: Worldwide
• Current CEO: Toshihiro Mibe
• Number of employees: 223,000 (2022)
• Revenue: $33.762B ( June 30, 2023)
• Market capitalization: $52.53B (August 16, 2023)

Japan boasts of being a nation where many of the leading brands across various sectors have originated. In the automobile sector, Japan has given the brands like Toyota, Nissan, and Honda. They are all market leaders in their product segments offering cutting edge design and technology solution.

Honda Motor Company is Japanese automobile manufacturer, renowned for its range of products in four-wheelers, motorcycles, aircraft and power equipment segments. It has been the world’s No. 1 motorcycle manufacturer since 1959.

Honda sold a total of 21.1 million vehicles across the world in the fiscal year 2022. Honda sold 17.03 million motorcycles across the world in the fiscal year 2022. Honda net income for the quarter ending June 30, 2023 was $2.650B.

Having invested about 6% of its revenues i.e. around US$ 6.8 billion in Research and Development in 2013; the company seeks to focus on the development of electrified vehicles. In India, Honda Motors is the market leader in Scooter segment controlling 51% of the market share.

6) Tesla Motors

• Product Type: Electric vehicles, solar panels, and solar roof tiles
• Industry: Automotive, energy
• Founded Date: July 1, 2003
• Founders: Martin Eberhard, Marc Tarpenning, JB Straubel, Elon Musk
• Headquarters: Austin, Texas, United States
• Area Served: Worldwide
• Current CEO: Elon Musk
• Production output: 1,369,611 vehicles (2022)
• Revenue: $24.927B (June 30, 2023)
• Number of employees: 127,855 (2022)
• Market capitalization: $761B (August 14, 2023)

A young yet boisterous player in the automobiles field is making heads turn. Tesla Inc., founded in 2003 by its visionary entrepreneur Elon Musk, is growing by leaps and bounds in the segment of electrified vehicles. It specializes in the production of electric cars and residential solar energy implements and its revenues in the year 2023 have reached the mark of $24.927B.

Tesla has become one of the most valuable and influential companies in the world, with a market capitalization of over $700 billion as of 2023.

Tesla is one of the world’s most valuable companies and, as of 2023, is the world’s most valuable automaker. In 2022, the company led the battery electric vehicle market, with 18% share. Tesla’s manufacturing locations are on three continents and three countries while serving +40 markets.

Tesla operates as an original equipment manufacturer (OEM) for automobile giants like Daimler and Toyota. It has partnered with Panasonic in battery and solar panel research and development.

7) Volkswagen

• Product Type: Automobiles, trucks, buses, and motorcycles
• Industry: Automotive
• Founded Date: May 28, 1937
• Founders: The German Labour Front (DAF)
• Headquarters: Wolfsburg, Lower Saxony, Germany
• Area Served: Worldwide
• Current CEO: Oliver Blume
• Production output: 8.7 million (2022)
• Revenue: $81.791B (March 31, 2023)
• Number of employees: 669,275 (2022)
• Market capitalization: $43.97B (August 15, 2023)
• Parent: Volkswagen Group

Volkswagen AG is an eminent German entity manufacturing passenger vehicles, commercial vehicles, motorcycles, and turbomachinery.  It outpaced Toyota in 2016 and 2017 in being the world no. 1 automotive company by sales.

It produced 8.26 million vehicles in 2022 and its revenues for the 2023 year have been $81.791B.  The Volkswagen Group’s production network comprises 118 locations worldwide, of which 70 plants manufacture cars – around 40,000 units per day. The Volkswagen brand has 49 manufacturing plants for vehicles and components

Volkswagen’s net income recorded was $4.518B for the quarter ending March 31, 2023.

Founded in 1937 and making a beeline for huge popularity with its ‘Beetle’ model, Volkswagen possesses an entire army of bewitching brands in the automobile industry such as Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda, Volkswagen Marques, Ducati (Motorcycles).  Because of its huge product portfolio, Volkswagen is considered as one of the top Ford Competitors.

8) Renault Group

• Product Type: Cars, vans, trucks, and buses
• Industry: Automotive
• Founded Date: 24 December 1898
• Founders: Louis Renault, Marcel Renault, Fernand Renault
• Headquarters: Boulogne-Billancourt, France
• Area Served: Worldwide
• Current CEO: Luca de Meo
• Revenue: $48.878B (2022)
• Market cap: $11.96B (August 31, 2023)
• Number of employees: 105,812(2022)

Renault is a renowned automaker from France, incorporated in 1899. Renault Korea’s factory has a stated production capacity of 300,000 vehicles per year while Renault India’s facility in Chennai has an annual production capacity of 480,000 units.

Renault Group’s global sales amounted to 2,051,174 vehicles in 2022. RENAULT annual net income for 2022 was $-0.356B. Renault is available in 134 countries through its different sales subsidiaries, factories, and design and engineering centers on five continents and has about 105,812 people working for them.

Renault also has 1.55% stake in Daimler and it manufactures engines for its Mercedes A-class and Mercedes B-class. It has also been actively involved in the design and technology aspects of Formula 1 racing sport. Renault and Nissan have invested US$ 5.16 billion for the development of electric vehicles in 2011 and Renault have been showcasing all its electric vehicles under the concept of Z.E which stands for Zero Emission. It holds the market leadership position in Europe in the sales of electric vehicles.

9) Fiat Chrysler Automobiles

• Product Type: Automobiles, trucks, and buses
• Industry: Automotive
• Founded Date: October 12, 2014
• Founders: Fiat S.p.A. and Chrysler Group LLC
• Headquarters: Amsterdam, Netherlands
• Area Served: Worldwide

Fiat Chrysler Automobiles N.V. came into existence after merging two of the biggest automotive corporations – Fiat from Italy and Chrysler from the USA – in 2014. Now, the new entity – Fiat Chrysler Automobiles N.V. – has its headquarter in London. It has many iconic brands in its portfolio like Chrysler, Fiat, Alfa Romeo, Dodge, Maserati. Ferrari was spun off in the year 2016.

Fiat Chrysler manufactured 4.7 million units in the year 2016 and earned revenues of 111 billion Euros.  It has also focused on some of its brands that can gain competitive advantage for the company and hence, an updated brand positioning strategy has been formulated like brand Chrysler will be competing against Ford, Volkswagen, Toyota and Ford in US markets; Alfa Romeo is projected as a contender in premium cars segment against Mercedes-Benz, BMW and Audi whereas Maserati will compete against Rolls Royce and Bentley in ultra-luxury car segment.

10) Nissan

• Product Type: Automobiles, SUVs, trucks, and electric vehicles
• Industry: Automotive
• Founded Date: 26 December 1933
• Founders: Yoshisuke Aikawa, Masujiro Hashimoto
• Headquarters: Yokohama, Japan
• Area Served: Worldwide
• Current CEO: Makoto Uchida
• Production output: 3,250,800 units (2022)
  
• Revenue: $23.633B (March 31, 2023)
• Number of employees: 134,111 (2023)
• Market capitalization: $16.49B (August 15, 2023)
• Owner: Renault (43.4% cross ownership)

Nissan Motor Company Ltd. is headquartered in Yokohama, Japan. This Japanese automobile corporation has three brands viz. Nissan, Datsun, and Infiniti. It is also a part of a unified collaboration that’s made up of Nissan-Renault and Mitsubishi through which it holds 15% non-voting stake in Renault.

In the first quarter of 2023, Nissan Group announced total U.S. first quarter sales for 2023 of 235,818 units, an increase of 17.3% versus the prior year. Nissan Motor net income for the quarter ending March 31, 2023 was $0.795B.

It formed this alliance after facing a financial crisis in 1999. This alliance has proved beneficial in exchanging technology.  As in 2016, Nissan has become the world’s biggest manufacturer of electric vehicles. In 2022, Nissan manufactured 3,250,800 units and earned revenues of $23.633B.

11) Groupe PSA

• Product Type: Automobiles, vans, and light commercial vehicles
• Industry: Automotive
• Founded Date: 8 June 1976
• Founders: Simca, Peugeot, Citroën
• Headquarters: Paris, France
• Area Served: Worldwide
• Current CEO: Carlos Tavares

Groupe PSA, popularly known as PSA Group, in English is a French automobile manufacturing entity selling its vehicles under Peugeot, Opel, Vauxhall, DS and Citroën brand. It manufactured 3.5 million units in 2016 and clocked in revenues of 65.21 billion Euros in 2017 to be ranked as the second largest automobile manufacturer in Europe. This success has been the result of an aggressive acquisition and expansion strategy followed since 2016. PSA intends to penetrate Indian, Canadian, American and ASEAN markets in near future.

Its alliance with GM (General Motors) in 2012 has enabled savings and economies of scale to the extent of US$ 2 billion per year. It has also exhibited Hybrid Air engine in Geneva at Geneva Motor Show in 2013. Peugeot and Citroën’s brands have won numerous awards such as seven times the European Car of the Year award and 12 times the “Car of the year” Auto Europa award in Italy.

12) Geely Group

• Product Type: Automobiles, buses, motorcycles, and electric vehicles
• Industry: Automotive
• Founded Date: 6 November 1986
• Founder: Li Shufu
• Headquarters: Hangzhou, Zhejiang, China
• Area Served: Worldwide
• Current CEO: Li Shufu
• Revenue: $21.988B (2022)
• Number of employees: 49,000 (2022)
• Market cap: $12.68B (September 05, 2023 )

Geely Group is China’s claim to the superpowers of the automobile industry. Incorporated in 1986 in China, Geely produced 1.4 million units in 2022 and its revenues for the year were the $21.988B. Its brands are Geely Auto, Volvo, PROTON, and Lotus. It also manufactures commercial vehicles under London EV brand. It acquired Swedish car maker Volvo from Ford Motors in 2010 and The London Electric Vehicle Company in 2013 and made its mark on the international vehicle manufacturing scenario. It holds the majority stake in Malaysian automobile corporation ‘ PROTON’ and British carmaker ‘ Lotus Cars’.

Geely Auto sold 1,432,988 units in 2022, up 8% year-on-year. In 2022, Geely’s total sales volume reached 1.433 million vehicles, representing an 8% year-on-year increase. The company saw year-over-year sales growth of 4.7% in 2022, selling at least 2 million vehicles for a fifth year straight. Geely recorded a profit of 5.26 billion yuan ($763 million) in 2022, up 8.5% from the previous year.

13) Maruti

• Product Type: Automobiles
• Industry: Automotive
• Founded Date: 24 February 1981
• Founder: Government of India
• Headquarters: New Delhi, India
• Area Served: India
• Current CEO: Hisashi Takeuchi
• Revenue: INR 1,125,008 million (2023)
• Market capitalization: $36.62 Billion (August 2023)

Maruti Suzuki India Ltd. is one of the prominent names in Indian Automobile arena since its inception in 1981.  Japanese automaker Suzuki Motor Corporation holds a majority stake of 56.21% in this company. Its brands like Wagon R, Alto, Swift, Celerio, Swift Dzire, Baleno, and Ertiga are hugely popular in India. It sold its 10 millionth vehicle in India in 2012. Its corporate headquarters are in New Delhi.

Maruti Suzuki India Ltd reported a 42.7% surge in its fourth-quarter profit for the year ended March 31, 2023, beating estimates as the country’s biggest carmaker benefited from strong demand for passenger cars. The company posted a profit of 26.24 billion rupees ($321.2 million) for the quarter ended March 31, compared to 18.39 billion rupees a year ago. In Q1 of FY2023-24, Maruti Suzuki India’s profit rose 145.31% to Rs 2,485 crore, and revenue was up by 22% . In June 2023, Maruti Suzuki’s consolidated net sales were at Rs 32,338.50 crore, up 21.98% YoY. Maruti Suzuki’s standalone net profit jumped 43% YoY to Rs 2,624 crore for the fourth quarter ended March 2023.

Maruti Suzuki has achieved the highest number of domestic sales by selling 1,966,164 units in the full financial year 2022-23. It has a strong brand value and loyal customer base. It has about 15 vehicles in its product portfolio and has good product lines with good fuel efficiency.

14) Mercedes-Benz Group

• Product Type: Luxury cars, vans, and trucks
• Industry: Automotive
• Founded Date: 1886
• Founders: Gottlieb Daimler, Wilhelm Maybach
• Headquarters: Stuttgart, Germany
• Area Served: Worldwide
• Current CEO: Ola Källenius
• Production output: over two million vehicles (2022)
• Revenue: $40.270B (March 31, 2023)
• Number of employees: 168,797 (2022)
• Market capitalization: $80.59B (August 14, 2023)
• Parent: Mercedes-Benz Group

Mercedes Benz is an international automotive industry that was established during the year 1926 and is headquartered in Germany. It is a division of a German company named Daimler AG. The various products of this brand are automobiles, trucks, buses, internal combustion engines, and luxury vehicles. The company has its manufacturing facilities in about six continents and in 26 countries. The brand is always popular for its technological advancement that starts from the introduction of the internal combustion engine to pre-safe technology. This brand has a stronghold in the developing nation.

The various products of this brand are automobiles, trucks, buses, internal combustion engines, and luxury vehicles. In its two business divisions, Mercedes-Benz AG is continually expanding its worldwide production network with around 35 production sites on four continents. The brand is always popular for its technological advancement that starts from the introduction of the internal combustion engine to pre-safe technology. In 2022, the top selling model of Mercedes Benz was The GLC SUV in the US. In 2022 it sold nearly 2.45 million vehicles.

Total number of employees in Mercedes Benz in 2022 was 173,000. Mercedes Benz had an Annual revenue of €150 billion in 2022.  In 2022, the top selling model of Mercedes Benz was The GLC SUV in the US.

15) Ferrari

• Product Type: Luxury sports cars
• Industry: Automotive
• Founded Date: 1939
• Founder: Enzo Ferrari
• Headquarters: Maranello, Italy
• Area Served: Worldwide
• Current CEO: Benedetto Vigna
• Production output: 13,221 units shipped (2022)
  
• Revenue: $1,607 (June 30, 2023)
  
• Number of employees: 4,919 (2022)
  
• Market capitalization: 57.18B (August 15, 2023)

Ferrari is an Italian luxury sports car manufacturer that produces high-end and high-performance racing cars, supercars, and sports cars.Ferrari was founded in 1929 by Enzo Ferrari as a racing team. Ferrari’s cars are known as symbols of success, wealth, speed, elegance, sportiness, and prestige. The company offers a large model range which includes several supercars, grand tourers, and one SUV. Ferrari is currently a subsidiary of Ferrari N.V. and was spun off from Fiat Chrysler Automobiles in 2016.

Ferrari’s Prancing Horse logo stands for quality, performance, exclusivity, design, and uncompromised craftsmanship. Some of Ferrari’s popular products include the Ferrari 488 GTB, Ferrari 812 Superfast, Ferrari F8 Tributo, and Ferrari SF90 Stradale.

Ferrari Quarterly Net Income as of June 30, 2023 was $363 million.

16) Chevrolet

• Product Type: Automobiles, SUVs, trucks, and electric vehicles
• Industry: Automotive
• Founded Date: November 3, 1911
• Founders: Louis Chevrolet, William C. Durant
• Headquarters: Detroit, Michigan, United States
• Area Served: Worldwide
• Current CEO: Mary Barra
• Revenue: US$72.1 billion (2022)

Chevrolet is a brand that offers a range of vehicles, including cars, trucks, SUVs, and electric and fuel-efficient cars. The brand is headquartered in Detroit, Michigan, and was founded in 1911. Chevrolet models include electric and fuel-efficient vehicles that feature engaging performance, design that makes the heart beat, passive and active safety features. The 2022 Chevrolet model lineup includes trucks such as the Colorado, Colorado ZR2 Bison, Silverado, Silverado 3500 HD, and Silverado HD, as well as SUVs and crossovers such as the Equinox. Chevrolet is committed to making electric vehicles accessible to everyone and is working hard to make sure there’s an electric vehicle for every drive.

Chevrolet sales increased 17-16% to 852,187 units during the second quarter of 2023. The Chevrolet Camaro sales increased by 110% in Q2 2023. Chevrolet realized a total revenue of US$72.1 billion worldwide in 2022.

17) Dodge

• Product Type: Automobiles, SUVs, and trucks
• Industry: Automotive
• Founded Date: 1900
• Founders: John Francis Dodge, Horace Elgin Dodge
• Headquarters: Auburn Hills, Michigan, United States
• Area Served: Worldwide
• Current CEO: Ram Trucks

Dodge is an American brand of automobiles that was founded in 1900 by the Dodge brothers, John and Horace. The company is headquartered in Auburn Hills, Michigan. Dodge is famous for its sports cars, hatchbacks, minivans, sedans, and SUVs. Initially, the company started by making spare parts and assembling units for various automobiles but gradually started producing their own vehicles. Dodge vehicles are popular for their durability and performance. Some of the popular models are Viper, Challenger, Charger, Durango, etc. Dodge vehicles have been consistent in the positioning of the all-terrain vehicle wherein each version has something new to provide. It has been positioned as a performance vehicle and has a strong association with youth.

Dodge sold 55,060 Challengers in 2022, which represents about a one percent increase over the 54,314 Challengers sold in 2021. Dodge realized a total revenue of US$8.7 billion worldwide, while the total market revenue amounted to US$1.8 trillion in 2021. Dodge’s second largest segment was the SUVs segment. It accounted for 40% of the makes revenue in 2021.

Liked this post? Check out the complete series on Competitors