Business

Top 10 Most Richest Car Companies in the world

A vital element of the global economy is the automotive industry, which produces vehicles that move people and goods effectively in different countries and whole regions.

The automotive manufactures in these firms include automobiles, trucks, buses, and sports cars.

Some also manufacture motorcycles and off-road vehicles, and passenger vehicles, such as light trucks and buses.

The major automotive makers have an extensive worldwide presence, supplying cars to customers and corporations worldwide.

Table of Contents

10). Nissan Motor Co. Ltd.

Nissan Motor Co. Ltd Richest Company In The World

Source: Nissan Thailand

Revenue (TTM): $80.2 billion
Net Income (TTM): -$8.9 billion

Nissan is a multinational car corporation headquartered in Japan. It develops and produces motor cars, forklifts, marine equipment, and associated components; the vehicle types include the electric LEAF vehicle of Altima, Maxima, Sentra, Versa, Pathfinder, Rogue Titan. Infiniti is the premium branch of the brand, It also provides lending and lease options.

9). Hyundai Motor Co.

Source: Wikipedia

Revenue (TTM): $85.4 billion
Net Income (TTM): $1.6 billion

Hyundai is a foreign automotive maker based in South Korea. The company designs and produces passenger cars, trucks, and vehicles; the models include Accent, Elantra, Sonata, Santa Fe, and Tucson.

It also manufactures components, runs automotive maintenance facilities, and offers to finance.

8). Fiat Chrysler Automobiles

Source: Automotive News Europe

Revenue (TTM): $98.8 billion
Net Income (TTM): -$1.5 billion

A multinational business that emerged from the acquisitions of Fiat S.p. Chrysler A’s Group was Fiat Chrysler Automobiles, N.V. Exor was the first Italian holding company and the beneficiary of voting rights.

Exor, a family-run Italian investment company, kept FCA at 29.19% and controlled 44.31% through a voting allegiance mechanism. FCA has two major branches; the Turin-based FCA Italy and the US-based FCA in Auburn Hills, Michigan.

FCA’s masse business labels are in operation. The models Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, and Ram Trucks become part of the company’s portfolio.

On October 31, 2019, FCA announced that it intends to combine on an all-stock basis with PSA Group on a 50-50.

7). General Motors Co

Top 10 General Motors Co Richest Company In The World

Source: Devdiscourse

Revenue (TTM): $115.8 billion
Net Income (TTM): $1.7 billion

General Motors Company is a Detroit international firm with a corporate headquarters in Detroit’s Renaissance Centre.

It is responsible for designing, manufacturing, marketing, and distributing vehicles and automotive components and selling financial services.

The corporation was founded as a holding company by William C. Durant on September 16, 1908, and created after its restructuring in 2009.

The company is the leading American car manufacturing firm and one of the major carmakers in the world. The GMC’s four main car parks are Chevrolet, Buick, GMC, and Cadillac, manufactured by General Motors in many countries.

6). Bayerische Motoren Werke

Bayerische Motoren Werke Richest Company

Source: Mission Statement Academy

Revenue (TTM): $116.7 billion
Net Income (TTM): $5.5 billion

The German multinational companies Bayerische Motoren Werke AG, widely referred to as BMW, manufacture luxury cars and motorcycles.

Established in 1916 as an engine maker, it manufactured aircraft between 1917 and 1918 and again between 1933 and 1945.

The BMW, Mini, and Rolls-Royce brands sell cars and bikes under the BMW Motorrad banner. With 2.279,503 automobiles manufactured, BMW was the 14th largest motor car maker in the world in 2017.

BMW has its Munich-based headquarters and manufactures automakers in the United Kingdom, Germany, Brazil, China, India, South Africa, the United States, and Mexico.

5). Honda Motor Co.

Source: Honda Global

Revenue (TTM): $120.7 billion
Net Income (TTM): $1.9 billion

Since 1959, Honda has become the world’s biggest motorcycle company with a capacity of 400 million by the end of 2019 and the world’s largest producer of internal volume-based combustion engines with an annual output of 14 million internal combustion motors.

In 2001 Honda became Japan’s second-largest automaker. In 2015, Honda was the world’s eighth-largest automaker.

Honda’s development in artificial intelligence and robotics has been underway since 1986, launching their ASIMO robot in 2000.

They have also taken to airspace through the development of GE Honda Aero Engines in 2004 and the 2012 launch of Honda HA-420 Honda Jet.

Two joint ventures have taken place in Honda China: Dongfeng Honda and Guangqi Honda.

Honda also became the first Japanese car manufacturer to manufacture 108,705 Honda and Acura models from the United States in 2013, with just 88,357 imported.

4). Ford Motor Co

Source: Britannica

Revenue: $130.4 billion
Net Income: $2.1 billion

The Ford Motor Company, usually known as Ford, is a multinational automaker with its headquarters in Dearborn, Michigan, Detroit, America.

It was created on June 16, 1903, by Henry Ford. Under the Ford name, the company offers cars and recreational vehicles, with Lincoln’s expensive vehicles.

The company also holds Troller, an 8 percent shareholding in Aston Martin, a 32 percent share in Jiangling Motors. Ford owns a Brazilian SUV maker.

At the beginning of the 21st century, the financial crisis has fought to the point of collapsing, which President George W.

Bush has effectively avoided by announcing a deal to support Ford Motors, Chrysler LLC, and General Motors to supply the automaker with $13.4 billion immediately.

3). Daimler

Source: IndustryWeek

Revenue: $174.6 billion
Net Income: $309.3 million

Daimler is a German-based leading automotive manufacturer. The company manufactures passenger cars, freight vehicles, off-road and business vehicles such as trucks and buses.

It produces cars with various names, including Daimler, Mercedes-Benz, FUCSO, Western Star, Smart, and more. Daimler offers loan and leasing services to customers and retailers.

2). Volkswagen

Source: Daily Sabah

Revenue (TTM): $247.4 billion
Net Income (TTM): $6.4 billion

The German Labor Front, known as the classic Beetle, was created in 1937 and headquartered in Wolfsburg. Volkswagen was shortened to V.W. It is the flagship brand in 2016 and 2017, the world’s biggest automaker.

The company’s largest market is in China, where 40 percent of revenue and profits are produced.

Volkswagen’s most common models include Golf, Jetta, Passat, Atlas, and Tiguan. The German word Volk means ‘people,’ and hence Volkswagen means ‘people’s Car.’

1). Toyota Motors

Source: Twitter

Revenue: $248.6 billion
Net Income: $14.4 billion

Toyota Motor Corporation has its head office in Toyota, Aichi (Japan), and is a Japanese mixed car manufacturer.

Toyota becomes the first car maker in the world to make more than 10 million cars a year when it announced that the 200 millionth vehicle was manufactured in 2012.

In the selling of hybrid electric vehicles, Toyota is the worldwide pioneer and one of the biggest firms to promote the mass consumer use of hybrid vehicles globally.

Toyota Motor Corporation manufactures five brands’ cars, including brands such as Toyota, Hino, Lexus, Ranz, and Daihatsu.

The company also has a 20.02% share in Subaru, a 5.9% stake in Isuzu until 2018, a 5.1% stake in Mazda, a 3,8% interest of Suzuki, and a 2.8% interest in Panasonic, as well as two partnerships in China, one in the Czech Republic and one in the United States, along with several non-motorist firms in the Czech Republic, one in the United States.

Conclusion

The vehicle is an essential part of our life now. First, it reduces the time of reaching the destination; second, it’s value there are different vehicle types for every level of the person.

These top automobile companies’ main motive is to provide comfort and help them financially by producing a diverse range of cars, so people can easily afford it.

Business

Tackle Decision Fatigue With This CEO-Worthy AI Tool

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

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Decision fatigue is real — especially when you’re an entrepreneur. Think of SkillWee as your very own AI-powered assistant ready to help you make data-driven decisions. It lets you test business strategies totally risk free, analyze any potential outcomes and get real-time insights before you take action.

Need some advice on whether you should hire more people? What about tips on how to secure funding? SkillWee provides AI-powered recommendations on these kinds of topics with answers based on data-driven insights.

SkillWee was built for entrepreneurs and professionals, and is designed to help you think like a CEO and strengthen your decision-making skills. It’s a great way to weigh your options before deciding things, helping you avoid expensive mistakes in the future.

Since SkillWee is powered by AI, it will adapt to your unique learning style and goals as you go. It can also offer personalized feedback, so you can learn as you go. There are game-like scenarios that even make it fun.

Aside from helping you in your day to day, SkillWee can also help you build some essential soft skills. Choose from decision-making, leadership, communication, and more to sharpen your professional skills as you use this tool.

Take advantage of this lifetime subscription to SkillWee AI-Powered Decision-Making App, now only $49.99 (reg. $299.99).

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SkillWee helps you make smarter, data-backed decisions. And right now, a lifetime subscription can be yours for just $49.99 (reg. $299.99).

Save time and avoid making mistakes with this AI-powered tool

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Business

How to Turn Bad Reviews Into Great News For Your Business

1750112447 negative feedback 0625 g 1496985963

Opinions expressed by Entrepreneur contributors are their own.

No matter how robust your brand’s customer service is, you can’t avoid negative feedback — noise that can block out all the great things your business offers and does. Social media is rife with videos highlighting incidents where customers feel wronged and the torrent of negative comments that follow. Reviews on Google, Yelp, Facebook, Open Table, TripAdvisor and other platforms are filled with dissatisfied customers, and that can upend a business’s good standing.

Sometimes, there are missteps, and the reviews and feedback reflect a breakdown in service or product delivery. Other times, people are venting or trolling with no cause. You can’t take it personally, but don’t ignore what they say. Customers rely on reviews when discovering or purchasing products and services. Bad reviews can turn them away and cause a reputational crisis for your business.

Your online business reputation depends on a proactive, strategic approach for identifying, monitoring, managing and responding to negative reviews. You’ll seize opportunities to build trust, improve customer service and enhance customer relations.

Table of Contents

Identifying customer issues

If a negative or bad comment appears on social media or one of the consumer review platforms, take a breath and figure out what’s behind the review. Put yourself in the customer’s shoes to see if the review or comment was justified. Go beyond the words and anger to determine where things went wrong. Then respond — genuinely and professionally.

Monitoring online reviews

You won’t know customer dissatisfaction exists without monitoring your online reviews. There are various tools and strategies available to do so. For example, you can use Google Alerts or ReviewTrackers to provide you with real-time alerts when new reviews are posted on platforms like Yelp, Facebook, TripAdvisor and Google.

Also, ensure your business is claimed and verified on the major platforms so you can respond to reviews and receive notifications of activities. Optimize your business profiles. You want potential customers to find accurate, useful information when they are looking up reviews about your brand. Make sure photos, location, hours and business description are up to date.

Managing online reviews

Designate a “review response” team or personnel to respond to reviews. Share these tips with the individual or team responsible for handling reviews:

Don’t let emotions come into play when crafting responses to negative comments.
Thank customers for their feedback and let them know your intention to do better.
If the customer is justifiably dissatisfied, apologize and show empathy without overdoing it.
Make things right if possible. For example, offer an opportunity to revisit your restaurant with dessert on the house. Send out a replacement product that got lost in the mail at no cost. Offer a discount on a future product.
If all goes well, encourage the customer to modify the comment with an updated review so others can see your good-faith efforts. When you acknowledge customer dissatisfaction and do what you can to turn things around, you’ll find that these consumers will become your biggest champions and cheerleaders.

In some cases, contact reviewers offline to discuss their experience. During the conversation, ask the customers to update their reviews. If they choose not to update the comment, you can respond online that the issue was resolved.

Go beyond the negative, highlight the positive

In dealing with bad reviews, in addition to responding and turning dissatisfied customers into advocates for your business, beefing up your online reputation with positive comments and reviews is equally critical. Positive reviews influence buying behavior and help win people over, even if there is the occasional bad comment.

When asking for a positive review, timing is everything. Encourage reviews at the point of purchase, following an event or fulfilling a service. For example, send a quick text or email saying, “Happy you had a great experience. Would you mind leaving us a quick review?” Make it easy for your customers to leave a comment with a link to the review page.

Make getting positive reviews part of your brand strategy

Train your staff to ask for reviews in their communication. For example, recently, my colleague had an issue with a product that was delivered to the wrong house. It was the delivery service and not the retailer that made the error. The delivery service would not rectify the situation; however, the retailer was happy to send a replacement product. My colleague received an email with an invoice ($0) listing the products reshipped to her home and a gentle nudge to leave a review about the service and resolution. She was more than happy to do so and spread the word.

Respond to positive reviews, too. This shows you care about your customers’ feelings and helps build trust with future reviewers. Don’t be shy about sharing great reviews as testimonials on your website and social media platforms. Other satisfied customers on social will chime in and reinforce the great experience your brand delivers, further boosting your online reputation.

Getting some negative reviews is not all bad. They help you pinpoint areas that need improvement. In addition, they help create a balanced, authentic brand profile. While you want most of your feedback to be positive, having occasional negative comments and responding to them builds trust and credibility.

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This $180 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs

Almost half of entrepreneurs rely on their laptops daily, according to data from global market research firm Ipsos. That’s not a huge shock, considering these portable computers let you get work done anywhere. As an entrepreneur, you’re used to bringing work home… and on vacation. And right now, you can get a super versatile device, an ASUS Chromebook CM30, for just $179.99 (reg. $329.99).

This Chromebook is durable, versatile, and ready for your busy schedule

Entrepreneurs have to be flexible, and the ASUS Chromebook CM30 can keep up with everything a workday throws at you. It can even go from laptop to tablet, thanks to a detachable 10.5-inch touchscreen. There’s also a garaged push-pop stylus with fast-charging technology that you can use to jot down notes, graphs, and more.

This 2-in-1 device lets you tackle anything anywhere, with a MediaTek Kompanio 520 processor that lets you do all the multitasking required of an entrepreneur. You’ll also be working on the Chrome OS, so you’ll have access to all the cloud-based apps you’re already using.

8GB of RAM and 128GB eMMC storage ensure you have sufficient space to download your favorite apps and save important files locally. Dual 5MP cameras are available on the front and rear, letting you take pictures, video chat, and more.

If you’re hard on your devices, the ASUS Chromebook will be a great fit for you. It’s made from a military-grade, durable aluminum chassis so that it can withstand heavy handling. You’ll also be able to get a full workday in and more, thanks to the 12 hours of battery life.

This particular model is an open box device, which means it was likely excess inventory from store shelves. It will be verified to be in new condition and placed in clean packaging before it arrives at your doorstep.

Bring home an ASUS Chromebook CM30 for just $179.99 (reg. $329.99).

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