From Alan's Factory Outlet, this infographic looks at which major car companies were the most and least profitable in 2020. The data comes from Fortune's Global 500 list, and it was found that the most profitable car company in 2020 was Toyota with $19.1 billion in profits. Following Toyota was Volkswagen ($15.54 billion), General Motors ($6.73 billion), BMW ($5.5 billion) and Honda ($4.19 billion). The data also showed that Nissan was the least profitable major car company in 2020, as the company saw a substantial financial loss of $6.174 billion, which was a 314.5% decrease from the previous year.
The infographic also shows data on which car companies saw the biggest increase in profits from 2019 to 2020, and it was found that Hyundai saw the largest jump at 86.5%. Other major car companies with huge increases from 2019 to 2020 include Tata Motors (58.69% increase in profits), Kia Motors (49.2% increase), Volvo (32.4%) and Toyota (12.4%).
Infographic by: alansfactoryoutlet