Top 9 Automotive OEMs in the US in 2021 by Revenue
Ford Motor Co, General Motors Co, Tesla Inc, PACCAR Inc, and Navistar International Corp are the top 5 automotive OEMs in the US in 2021 by revenue. Collectively, the top 9 automotive OEMs in the US in 2021 generated revenue of $348,275 million, with average revenue growth of 124.3%, where the highest revenue was registered by Ford Motor Co ($136,341 million), while the lowest revenue was registered by Workhorse Group Inc ($0.9 million). The highest revenue growth was registered by Lucid Group Inc (582%), followed by Tesla Inc (70.7%), and the lowest revenue growth was registered by General Motors Co (7.2%). Workhorse Group Inc posted a revenue decline of 161.2% in 2021. The United States of America-based Ford Motor Co is the leading automotive OEM in the US (by revenue). Ford reported revenues of $136,341 million for the fiscal year ended June 2021 (FY2021), an increase of 7.2% over FY2020, which was driven by higher net pricing, a favorable mix, and stronger currencies. The company is an automotive company, which designs, manufactures, markets, and services a full line of cars, trucks, sport utility vehicles, and electrified vehicles. The company provides vehicle-related financing and leasing services. It serves customers across South America, the Middle East, Europe, North America, Africa, and Asia Pacific. As of December 2021, they had 9,955 dealerships including 8,900 Ford, 654 of Ford-Lincoln, and 401 Lincoln, and sold approximately 3,942,000 vehicles across the world. The company has eight regional engineering, research, and development centers, 48 manufacturing and assembly plants across the world, and employs 183,000 people. General Motors Co (GM) is one of the leading companies in automotive OEM in the US (by revenue). The company reported revenues of $127,004 million for the year ended December 2021 (FY2021), the revenue which grew 7.0% YoY (2021 vs 2020) and recorded negative growth of 97.1% during 2019-21. The company is an automotive manufacturing company, which designs, develops, manufactures, and sells cars, trucks, and spare parts, along with its partners. It also offers maintenance, collision repairs, vehicle accessories, light repairs, and an extended service warranty. It also operates manufacturing, assembly, distribution, office, or warehousing operations in 29 countries, and employs 157,000 people.