Toyota Motor Corporation has made it to the list of Fortune's list of world's 500 largest companies by revenue for 2006. Toyota was ranked 6th for this year which is two notches ascent from last year's 8th ranked.
The producer of top-of-the-line Toyota Camry parts, Toyota Motor Corp. was the only Asian company that made it to the top 10 of Fortune Global 500 rankings. Toyota's revenue of $204.75 billion has qualified it for the 6th position.
Toyota's revenue has grown by 10 percent over the previous year and is expected to grow continuously for the coming years.
Aside from Toyota, the US retail Wal-Mart Stores Inc. has returned from the top spot from being second the previous year with a revenue of $351.14 billion up by 11 percent.
Exxon Mobile Corp. still from US came second with revenue of $347.25 billion followed by the British-Dutch oil titan Royal Dutch Shell PLC with revenue of $318.85 billion.
In fourth position was Britain's BP PLC with $274.32 billion revenue followed by General Motors, the world's largest automaker of United States with posted revenue amounting to $207.35 billion.
The total revenues of the companies included in the Fortune Global 500 list came to $21 trillion up by 10.4 percent as compared to 2005.
As expected six of the top 10 were oil companies with three automakers and a retailer. Banks and brokerage firms have also advanced in their rankings baked by a global boom in merger and acquisition activities.
There were a total of 67 Japanese companies that made it into the Fortune's list down by three from the previous year which is attributed to the depreciation of yen against some of the world's major currencies which reduces their revenues in dollars.
Japan has the second largest number of companies on the list seconded by United States which has 162 companies. The combined revenues of the US companies included in the 500 list accounted for more that one-third of the total revenues of the Fortune Global 500 companies.
China has also 24 companies that made it into the Fortune's 500 list, up by 20 from the previous year and the second highest number in Asia following Japan.
Among the Japanese firms that made it into Fortune Global 500 list are Honda Motor Co. which ranked 37th with $94.79 billion revenue; Nippon Telegraph and Telephone Corp. ranked 40th with $92 billion revenue; Nissan Motor Co. on the 45th place with $89.50 billion revenue; and Hitachi Ltd on the 48th place with $87.62 billion.
Rain Stockton is an engineer by profession. He is a motorsports fanatic, especially F1 and NASCAR. He seldom fails to attend major car racing events. A frustrated race car driver, he spends some of his free time working in one of the largest automotive shops in Indianapolis.
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