5 Most Profitable Car Companies in the World

4. Mercedes-Benz Group 

Net Profit in 2022: $15.6 billion

Revenue in 2022: $161.4 billion

Profit to Revenue Ratio: 9.7%

With 2.45 million vehicles sold in the year, the German automaker Mercedes-Benz Group was the 4th most profitable automaker in the world. CEO Ola Källenius has unveiled the group’s plans to increase its share of EVs to account for half of its auto sales by 2025. The company is preparing to go fully electric in the next decade. It has employed over 170,000 people worldwide.