Manufacturing Magazine April 2018 | Page 55

TOP 10

SAIC www . saicmotor . com

The Shanghai-based SAIC Motor Corporation reported a net revenue of $ 112.72bn in 2017 , representing a $ 10.8bn increase year over year . The company ’ s annual revenue has grown consistently by over $ 99bn over the past 10-year period . In January 2018 , SAIC opened its first factory in Thailand , estimated to have cost over $ 310mn and is predicted to have an annual output of 100,000 units , according to the Nikkei Asia Review . SAIC has also partnered with Charoen Pokphand Group , “ seeking to stake a claim in a Japanese-dominated market as well as export to other Southeast Asian countries ”.

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FIAT CHRYSLER www . fcagroup . com

Formed in 2014 from the merger of automotive giants Fiat and Chrysler , Fiat Chrysler Automobiles is now based in London , and reported a net revenue of $ 122.81bn in 2017 . The company has experienced erratic profits over the past four years , with net returns as low as $ 56.5mn . 2017 represents the largest profits achieved by the company after the merger , with a bottom line of $ 1.99bn . However , Chrysler sales fell 19 %, Fiat brand sales were down 19 %, and Jeep sales decreased 11 %, with total Fiat Chrysler sales down 8 % for 2017 , according to 24 / 7 Wall Street . 7

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