By Betty Henderson •
Published: 21 Dec 2022 • 14:50
Japanese car brand Toyota had an excellent year, topping a global list for profitability
THE last year has been transformative for the motoring market, which has seen the return to a new normal after the pandemic and the transition to electric vehicles accelerate like never before. 2022 was indeed a great year for many car manufacturers, whose most significant issue was supply issues.
Today we take a look at the companies who brought in the most profit this year.
The Japanese manufacturing giant leads the list thanks to earnings of €25.7 billion and a major boost in its share value, taking it to the second position in global rankings.
The German motoring brand took second place in the rankings with earnings of €22.1 billion, an improvement of more than €2 billion compared with last year. The company also has the largest number of employees worldwide.
Third on the list is another German manufacturer, with projected earnings of €23.5 billion, a significant improvement of more than €5 billion on pandemic-struck 2021.
German car manufacturers dominated the top five this year with another company in fourth place. Mercedes-Benz actually took a tumble in earnings since last year with profit falling to €19.5 billion.
The American manufacturer made the top five, despite a fall in earnings from 2021 to make a total profit of €13.3 billion.
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