5 Biggest European Car Companies

3. Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY)

Market Cap as of November 15: $57.38 Billion

Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY), commonly referred to as BMW, is a German multinational corporation that produces luxury vehicles and motorcycles. Some of the company’s iconic brands include BMW, MINI, and Rolls-Royce. Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) is among the biggest European car companies and is worth $57.38 billion on the open market, as of November 15. Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) was founded in 1916 and as of 2022, employs over 100,000 individuals.

On November 3, Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) reported earnings for the third quarter of 2022. The company reported earnings per share of EUR 4.25 and generated a revenue of EUR 37.18 billion, up 35.3% year over year. The company reportedly delivered 0.58 million vehicles to consumers in the third quarter of 2022.

On October 19, Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY) announced a $1.7 billion investment in the company’s U.S. operations to build electric vehicles. The company has free cash flows of $12.89 billion.