5 Biggest European Car Companies

2. Mercedes-Benz Group AG (OTC:MBGYY)

Market Cap as of November 15: $70.36 Billion

Mercedes-Benz Group AG (OTC:MBGYY) is a leading global automobile company that primarily develops, manufactures, and sells luxury passenger cars. The company’s prominent brands include Mercedes-Benz, Mercedes-AMG, and Mercedes-Maybach among others. As of November 15, Mercedes-Benz Group AG (OTC:MBGYY) has a market cap of $70.36 billion and is one of the biggest car companies in Europe.

On October 26, Mercedes-Benz Group AG (OTC:MBGYY) posted earnings for the third quarter of fiscal 2022. The company reported an EPS of $3.68 and beat estimates by $0.59. The company generated a revenue of $38.02 billion for the quarter and outperformed expectations by $1.61 billion.

Mercedes-Benz Group AG (OTC:MBGYY) is one of the world’s leading automotive companies with a strong presence in both the passenger car and commercial vehicle segments. The company has a long history of innovation and has been a pioneer in many technological advancements in the automotive industry. This, combined with its strong financial position and global reach, gives Mercedes-Benz Group AG (OTC:MBGYY) a significant competitive advantage over its rivals.