Manufacturing Magazine April 2018 | Page 56

TOP 10

HONDA world . honda . com

Headquarted in Tokyo , Japanese auto manufacturer , the Honda Motor Company , reported a net revenue of $ 127.86bn in 2017 . This represents a $ 9B increase year to year and is the highest revenue over a ten-year period of near-continuous growth . However , profits have decreased by $ 1.7bn over the past three years , down to a five-year low of $ 3.93bn in 2017 . In January 2018 , Honda was forced to recall 350,000 cars from the Chinese market after reports of engine issues , according to Eyewitness News .

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FORD www . corporate . ford . com

US auto manufacturer Ford Motor Company reported a net revenue of $ 151.8bn in 2017 , an increase of over $ 2bn in comparison to the 2016 financial year . The company also reported a growth in its asset portfolio of over $ 13bn , continuing a seven-year growth trend in the wake of the 2009 recession . Looking to the future , the company ranked seventh on a list of electric vehicle sales in the US , “ which says a lot about how far behind Ford is in appealing to this fast-growing niche market ,” Seeking Alpha asserts . In response , Ford committed in January 2018 to investing $ 11bn into the development of a wide range of electric vehicles by 2022 . 5 56 April 2018