Volkswagen, BMW, Mercedes-Benz: revenue comparison 2023
Volkswagen Group produced the most revenue from worldwide operations in 2023 with over 322 billion euros generated.
Due to their national workforce in German businesses, and source of tax revenue for the German government, this means that there is a high dependency on the automotive sector. Over 774,300 people are employed in Germany's automobile industry.
Amongst the three largest auto manufacturing groups based in Germany, Germany's dependence on the auto industry
German automotive manufacturing is one of the largest segments of the Germany’s economy. Revenue generated by German manufacturers is equivalent to about 15 percent of Germany's GDP. Add to that the contribution from auto suppliers, dealerships, and body shops.Due to their national workforce in German businesses, and source of tax revenue for the German government, this means that there is a high dependency on the automotive sector. Over 774,300 people are employed in Germany's automobile industry.