5 Most Valuable Car Companies by Market Cap Heading into 2024

2. Toyota Motor Corporation (NYSE:TM)

Total market cap as at 30th October 2023 (in $ billions): 235.3

Toyota Motor Corporation (NYSE:TM) is the largest automaker by sales, but the company’s production facilities have faced pressure in Japan as it has shut down two plants due to problems at a supplier. The past year has been excellent for Toyota Motor Corporation (NYSE:TM) despite these limitations and it has gained over 43% in share price in YTD 2023.