14 giant corporations control global auto industry | 2017-01-13

14 giant corporations control global auto industry

Sun Online Desk

13th January, 2017 06:38:48 printer

14 giant corporations control global auto industry

The infographic shows the 14 companies which control a combined 54 car brands.

The automotive industry has experienced incredible growth over the past couple of years. In the US alone, more than 30 automotive brands vie for the 17 million autos sold each year.

 

Around the world, even more brands are selling everything from tiny economy cars to million-dollar exotics for the world's plutocracy. But the industry is highly consolidated -- a handful of major corporations own nearly all of the world's major car brands, according to a report of Business Insider.

 

The dominance of a few companies has reached such a level that if anyone wants to buy a luxury car such as a Lamborghini, Porsche or Bentley, one might have less choice than one’s think. All three of those luxury brands are actually owned by Volkswagen – the Germany-based company, which also owns brands such as Audi, Volkswagen, Bucatti, Skoda and Seat.

 

Of the remaining 13 auto giants, US-based General Motors owns brands like Chevrolet, Holden, Vauxhall, Cadillac, Opel, GMC, Wulung, Baojun and Buick while France-based Renault owns Renault, Dacia and Samsung brands while India-based Tata makes Tata, Jaguar and Land Rover brands.

 

Japan-based Toyota owns Toyota, Lexus and Daihatsu, US-based Ford makes Lincoln and Ford; Germany-based Daimler produces Mercedes-Benz and Smart while Italy-based Fiat Chrysler Automobiles manufactures Fiat, Maserati, Lancia, Alfa Romeo, Chrysler, Jeep, and Ram Dodge.

 

Japan-based Nissan owns Nissan, Infinity and Datsun; Honda makes Honda and Acura; Germany-based PSA owns DS Automobiles, Peugeot, and Citroen; Germany-based BMW manufactures Rolls-Royce, BMW, and Mini; China-based Geely owns Volvo, Geely, and London Taxi while South Korea-based Hyundai manufactures Hyundai, and Kia brands.

 

Business Insider has not included several well-known names such as Mazda, Subaru, Mitsubishi, and Tesla as they do not belong to a large car making conglomerate. Ferrari has not appeared because it has been spun off from FCA and floated on the New York Stock Exchange.

 


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