5 Most Valuable Car Companies in the World

4. Daimler AG ADR (OTCMKTS: DMLRY)

Market cap: $92.3 billion

Ranking 4th on the list of the most valuable companies in the world is Daimler AG. The German automobile manufacturer is one of the most successful producers of luxury cars and trucks under the brands of Mercedes-Benz, Fuso, Sterling, Freightliner, and Maybach. The first automobile powered by an internal combustion engine was developed in 1886 by Mercedes-Benz formerly known as Daimler-Benz. Daimler revealed in 2019 that it would spend more than $570 million over the next decade to commercialize autonomous trucks.

The company’s revenue in 2020 came in at $181 billion with the Mercedes-Benz brand contributing $115 billion to the total revenue. Shares of DMLRY increased 189.9% over the past twelve months.

Image by Free-Photos from Pixabay