Automobile industry has become an integral part of growing economies across the world. Every years, hundreds of new cars are launched and millions of cars are sold globally. Top automobile companies like Toyota, General Motors and Daimler are in the list, along with other major car brands like Hyundai, Honda, Nissan and Ford. Other global brands like Volkswagen, Fiat Chrysler & BMW complete the rank-wise list. Here are the top 10 automobile companies in the world 2016 as per Revenues and Net Income.
10. Fiat Chrysler
Fiat Chrysler Automobiles, known as FCA, is seventh largest auto maker in world, which is a group of two companies- FIAT and Chrysler, an Italian-American multinational company.
Image: company website
FCA Italy and FCA US are two main subsidiaries operating for FCA’s mass-market brands and FCA is headquartered at London, UK with worldwide area coverage. Along with Automotive industry, FCA is working in Production systems and Print media industries in the presence of subsidiaries like Comau and its Italian Editrice subsidiary.
FCA group is established in 2014, but this journey started in 2009 when Chrysler filed for bankruptcy. Chrysler emerged from bankruptcy with proceedings from FIAT, United Auto Workers pension funds, U.S. and Canadian governments as Principal Owners. FIAT gradually acquired the other parties’ shares, making Chrysler a wholly owned subsidiary.
FCA group with Tata Motors Limited created a joint venture – Fiat India Automobiles Private Limited (FIAPL). The manufacturing facility is located at Ranjangaon, India. FIAPL is currently manufacturing Fiat Linea, Fiat Punto, Tata Manza, Tata Vista, Tata Indica, 1.3 Diesel and 1.2 , 1.4petrol Fiat Engines along with Transmission and make components. FCA is ninth largest automobile seller in India. To strengthen the presence in India, FCA announced to invest approximately $280 million to support the production of a new Jeep vehicle and is expecting production from mid 2017.