The Forbes Global 2000 can be used in a number of useful manners, but digging down into industries is just one of them. Anyway, because the President has spent some time bolstering the United States auto industry i thought you might be interested in seeing how the people with all the money view the United States current positioning in the world. For example, Toyoto. My last couple of cars have been Prius--i love what Toyoto have produced. Having good competitors only makes us stronger.
You should note that Tesla, alone (which kind of shocked me when i looked at the totality of the data) owned a little over 35% of the total market value of the worlds auto and truck manufacturing sector. Tesla is valued so much higher then its next competitor it is hard to believe, unless of course, you believe it. Regardless, the data is real data and i do not think even from that you need to be too apologetic to the auto industry. As a U.S. industry, it should always strive to be the best.
Now here is the data as i am presenting it to you. I will leave any further thoughts to your own interpretation. The numbers are "world market value" in Billions.
| Tesla | 710.1 |
| Toyota Motor | 219.2 |
| Volkswagen Group | 147.2 |
| Daimler | 99.2 |
| General Motors | 84.6 |
| BMW Group | 69.8 |
| BYD | 64.9 |
| Stellantis | 57.0 |
| Hyundai Motor | 54.0 |
| Honda Motor | 52.8 |
| Ford Motor | 48.8 |
| Ferrari | 37.2 |
| SAIC Motor | 36.4 |
| Porsche Automobil Holding | 36.2 |
| KIA | 31.2 |
| Great Wall Motor | 28.8 |
| XPeng | 28.7 |
| Geely Automobile Holdings | 27.6 |
| Suzuki Motor | 21.0 |
| Nissan Motor | 20.7 |
| Tata Motors | 16.1 |
| Subaru | 15.2 |
| Mahindra & Mahindra | 13.7 |
| Renault | 12.6 |
| Lithia Motors | 10.4 |
| Guangzhou Automobile Group | 9.6 |
| Dongfeng Motor Group | 8.1 |
| Ford Otosan | 8.1 |
| FAW Jiefang Group | 8.0 |
| Isuzu Motors | 7.1 |
| Mazda Motor | 5.2 |
| Chongqing Changan Auto | 4.5 |
| Mitsubishi Motors | 4.3 |
| BAIC Motor | 2.7 |
That IS surprising about Tesla.
I probably hinted or inferred that all of Tesla is actually automotive, but i do not think it takes away the fact that the U.S. auto industry is pretty strong as it is, and with new advanced technology in batteries and new electronic infrastructure funds, the U.S. auto industry should get very strong. That is my opinion and the subject of a new blog that i am going to put out on Talkmarkets within the next half-hour.
Thanks for visiting my blog. Not all that many people know that it even exists, let alone have access to it.