Everyone experienced an unprecedented year in 2020, and it had a huge effect on many industries. Some industries saw sales go through the roof as people were stuck at home throughout the COVID-19 pandemic, while other industries were hit hard and businesses were forced to close.
With so many people at home and not out driving on the roads, how did the automobile industry fare during this time? And which car companies were more successful than others?
The team at Alan’s Factory Outlet used data from Fortune’s Global 500 list to find how much the largest car companies earned in profits during 2020 as well as the ones that ended up not being profitable at all.
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