Europe is home to some of the world’s most iconic and recognizable car brands. Many of these brands have become synonymous with luxury, performance, and innovation.
Europe is home to some of the world’s most iconic and recognizable car brands. European car manufacturers have a high reputation for their quality made cars, innovative technologies, and trend-setting marketing and design (such as Rolls-Royce, Bentley, Ferrari, Lamborghini, Porsche, Mercedes-Benz, BMW, Audi and Land Rover).
As of 2022, the Volkswagen Group is the largest car manufacturer in Europe, followed by Stellantis (Its brands in Europe include Fiat, Alfa Romeo, Peugeot, Citroen and Opel), Mercedes-Benz Group (Germany), BMW AG (Germany) and Renault Group (France).
According to the European Automobile Manufacturers’ Association (ACEA), motor vehicles bring in EUR 374.6 billion in tax revenue to governments across Europe and account for a trade surplus of EUR 79.5 billion for the continent. Moreover, the automobile industry accounts for over 8% of Europe’s GDP, with roughly EUR 58.8 billion set aside for investments in R&D for the automotive sector, which makes up 32% of total government expenditure.
Here are the top five leading countries in European car manufacturing, including Germany, the United Kingdom, Italy, France and Sweden.
Let’s take a look, Which car brands and countries are on the list.
