Automobile companies too have been affected due to the coronavirus pandemic this year. They also have to shrink their workforce to help their businesses stay afloat this year. In fact, the demand for automobiles have dropped due to the pandemic, resulting in losses, and fall in workforce. So, which are the top companies in the world with the largest workforce now? Have a look.
Volkswagen – 626,715
The European automaker is the world’s largest automobile company in terms of workforce, but it comes second to Toyota in terms of revenue. Volkswagen has a workforce of 626,715, as per latest figures. It was founded in 1937, and its headquarters is at Wolfsburg in Germany. It works in 31 nations, and sells its vehicles across 150 countries.
They are working in segments such as passenger cars, commercial vehicles, motorcycles, and they are also into financial services, and power engineering. It has 8 brands that include Audi, Bentley, Porsche, Lamborghini, and Bugatti.
Toyota – 364,445
The Japanese automaker is the world’s largest automobile company in terms of revenue. It reported a revenue of $272 billion in 2019. It is the second largest automaker in terms of workforce, with 364,445 employees, as per latest figures. Its headquarters is located at Toyota in Japan. It is in the market since 1937. It has 5 brands such as Toyota, Lexus, Daihatsu, Ranz and Hino.
It sells its goods in 170 countries. It has about 50 plants located in 28 countries. It works in segments such as designing and assembling passengers’ cars and trucks, and also deals in financial services.
It also deals in vehicle sales and financing, and holds shares in other automobile companies such as Subaru and Isuzu. It is also working in biotechnology, robotics, and aerospace and is focusing on developing hybrid electric vehicles.
Daimler AG – 284,482
It is famous for the production of luxury cars. It produces Mercedes-Benz cars, Mercedes-Benz vans, and also works in segments such as Daimler trucks, Daimler buses and Daimler financial services. As per latest figures, it has a workforce of 284,482. The Germany-based company has plants in 20 nations. But its sales outlets are spread worldwide, with over 8000 stores across the world. It reported a revenue of 173 billion euros in the last fiscal year.
General Motors – 225,000
This company is 112 years old, and was founded in the United States of America. It is also one of the popular brands in the automobile industry. It deals in passenger vehicles, trucks and automobiles. As per latest figures, it had employed about 225,000 employees across 125 nations where it sells its vehicles. It deals in 11 brands, with the most popular being Chevrolet. Other brands include Baojun, GMC, Wuling and Holden. It reported a revenue of $137 billion during the 2019 fiscal year.
Honda Motors – 208,399
It is a Japanese firm, with its headquarters in Tokyo. It has its production units in 33 nations, and sells its goods in 140 countries across the world. It has a workforce of 208,399, as per latest figures. It sells automobiles, aircrafts, and motorcycles across the world. It also deals in financial services, providing credit and insurance cover to its customers. The pandemic has dented its revenue in the quarter ending June 30, 2020. It reported revenue of $19.751 billion, a 45.69 % decline year-over-year, in the June quarter.
Ford Motors – 201,000
Ford Motors is based in the United States of America, with its headquarters at Dearborn in Michigan. It deals in 2 segments. It first deals in manufacturing and distribution of automobiles across the world and second in the financial services, providing credit to its customers.
Currently, it has three brands in the market. It includes Lincoln, Ford and Mazda. It has a reported workforce of 201,000. The pandemic has even left a big player in Ford Motors affected. Ford Motors reported revenue of $19.371 billion for the quarter ending June 30, 2020. It was 50.14% decline year-over-year.
Nissan – 142,295
Nissan is regarded as one of the world’s best brands in the automobile sector. The Japanese automaker was founded in 1933, with the headquarters at Yokohama. It deals in the manufacture and sales of automotive and marine equipment. It started its first electric car in 2010, and continues to strive towards zero emissions.
It sells its automobiles under three brands such as Nissan, Datsun and Infiniti. It has a workforce of 142,925 as per latest figures. Its annual revenue for 2020 was $90.886 billion. It was a 12.75% fall from the previous year.
BMW – 124,729
BMW or Bayerische Motoren Werke Aktiengesellschaft is one of the popular brands in the automobile industry. The Germany-based automaker produces cars under 3 brands such as BMW, Rolls Royce and MINI. It was founded in 1916, and its headquarters is located at Munich. It used to make aircraft engines until 1945, and currently produces automobiles and motorcycles and deals in financial services, giving credit support to its customers.
It has a total workforce of 124,729 – as per latest figures – which work across 14 countries in about 30 production plants. It sells its goods in over 140 nations. Despite being one of the largest automobile companies in the world, it reported a drop in revenue this year due to the pandemic. It reported a revenue of $21.992 billion in June 2020 quarter, a fall of 23.91% year-over-year.
Hyundai – 104,731
It is one of the fastest growing automobile companies in the world. It started operations in 1967, with its headquarters at Seoul in South Korea. It now sells its cars across in close to 200 countries, with about 5000 dealerships. It deals in manufacturing and distribution of automobiles. It also deals in financial services, providing credit and insurance to its customers. Its total workforce is reported to be 104,731.
It also reported a decline in revenue and units sales in the 2020 June quarter. It reported a fall in revenue of 18.9 % year-over-year, and 36.3 % fall year-over-year in the global wholesale volume in the 2020 June quarter.