5 Biggest European Car Companies

1. Volkswagen AG (OTC:VWAGY)

Market Cap as of November 15: $97.10 Billion

Headquartered in Wolfsburg, Germany, Volkswagen AG (OTC:VWAGY) is one of the world’s leading automobile manufacturers and among the largest carmakers in Europe. The company develops, manufactures, and markets passenger cars and commercial vehicles under Volkswagen, Audi, Bentley, Lamborghini, and Porsche among other brands. The company was founded in 1937 and employs roughly 646,000 individuals. As of November 15, Volkswagen AG (OTC:VWAGY) is worth $97.10 billion on the open market and is ranked among the biggest European car companies.

On October 28, Volkswagen AG (OTC:VWAGY) announced earnings for the fiscal third quarter of 2022. The company reported a GAAP EPS of EUR 3.90 and generated a revenue of EUR 70.71 billion, up 24.2% year over year. For the third quarter, Volkswagen AG (OTC:VWAGY) produced and sold roughly 2.23 million vehicles. Volkswagen AG (OTC:VWAGY) is profitable and cash rich. The company has a trailing twelve-month operating margin of 8.83% and free cash flows of EUR 17.26 billion.

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