Car manufacturers based on revenue
In terms of vehicle sales and revenue, Toyota and Volkswagen are counted among the most successful automakers worldwide. Toyota experienced a significant increase in revenue after seeing flat revenue streams over the past three years. Volkswagen finished second. Despite being involved in the diesel emissions scandal, the German automaker, apparently with the help of fraudulent methods, was still able to increase its revenue to around 240 billion U.S. dollars in the fiscal year of 2016, up from around 236.6 billion U.S. dollars in the 2015 fiscal year. Prior to the diesel emissions scandal, the global automotive industry was hit hard by the financial crisis of 2008-2009, and the North American automaker declared its roughly 91 billion U.S. dollar bankruptcy in the wake of the crisis. In 2009, passenger car sales slumped in most markets, with the exception of China, which emerged as the key sales market for passenger cars. Chinese manufacturers - such as Dongfeng, Geely, Chang'an and BAIC - are beginning to cut the cord from their joint venture partners from other parts of Asia and the Western world. It is yet to be seen if carmakers from China will make an impact in the global automotive market similar to Chinese manufacturers of trucks or heavy equipment.