Toyota Again Named The 'World's Most Admired' Motor Vehicle Company By FORTUNE
OE

Toyota Again Named The ‘World’s Most Admired’ Motor Vehicle Company By Fortune

Fortune's "World's Most Admired Companies" list also recognized Toyota as No. 34 among the Top 50 "All-Star" companies surveyed.

Toyota has been again named by Fortune as one of the “World’s Most Admired Companies” and was named the No. 1 Motor Vehicle company for the third consecutive year in its annual ranking. Fortune’s “World’s Most Admired Companies” list recognized Toyota as No. 34 among the Top 50 “All-Star” companies surveyed.

The Fortune “World’s Most Admired Companies” list is widely acknowledged as the definitive report card on corporate reputation and is based on company surveys and industry peer ratings from senior executives, directors and industry analysts. For each company, the survey measures nine attributes considered critical to a company’s global success, including quality of products and services, social and environmental responsibility, global competitiveness and value as an investment, among others.

“Toyota is proud to be listed once again as among the world’s most admired companies,” said Jim Lentz, CEO of Toyota Motor North America. “This recognition honors the commitment of our team to continuous improvement and exceeding customer expectations. Together, we at Toyota are leading the industry in creating the future of mobility and are making a positive difference in the world through safer, greener and more fun driving experiences.”

FORTUNE’s “World’s Most Admired Companies” Methodology

Korn Ferry Hay Group started with approximately 1,500 companies with revenues of $10 billion or more, then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 680 companies in 28 countries. To arrive at the top 50 Most Admired Companies overall, Korn Ferry Hay Group asked 3,800 executives, directors and securities analysts to select the 10 companies they admired most. They chose from a list made up of the companies that ranked in the top 25 percent in last year’s surveys, plus those that finished in the top 20 percent of their industry. Anyone could vote for any company in any industry. To create the 51 industry lists, participants were asked to rate companies in their own industry on nine criteria: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products/services and global competitiveness.

The full list appears in the magazine’s March issue and can be viewed online here. http://beta.fortune.com/worlds-most-admired-companies/list.

You May Also Like

Vehicle Quality Trending in the Wrong Direction: JD Power

From cupholders and door handles to ADAS features, reported problems are rising at record levels.

The proliferation of technology in today’s vehicles might be coming at a cost.

According to J.D. Power’s 2023 U.S. Initial Quality Study, the number of problems per 100 vehicles (PP100) has gone up by a record 30 PP100 over the past two years – suggesting that quality is taking a backseat to innovation in the auto industry.

Japanese-Brand Automakers in US: $60.4B in Plants, 2.29M Jobs

New data highlights Japanese-brand automakers’ contributions to the U.S. economy and workforce.

Toyota Transforms Alabama Engine Plant with Clean Energy

Toyota, Toyota Tsusho America and Huntsville Utilities announce 168-acre solar project.

IIHS Strengthens Requirements for TOP SAFETY PICK Awards

Only 48 models qualify for 2023 awards thanks to stiffer requirements for headlights and side crash protection.

Magna Wins GM Battery Enclosures Business 

Magna will supply battery enclosures for the all-new 2024 Chevrolet Silverado EV.

Other Posts

Toyota Invests in Kentucky Facility to Boost EV Assembly

Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts.

Toyota Invests in Kentucky Facility to Increase EV Assembly
Anchor Announces Additional Lexus, Toyota Coverage

The latest release includes coverage for 4,716,160 applications and model years 2019-2024.

Anchor Announces Additional Lexus, Toyota Coverage
Toyota Bringing Battery EV Production to Kentucky

It will invest $1.3 billion at its flagship Kentucky facility for future electrification efforts, including assembly of an all-new, three-row battery electric SUV for the U.S. market.

Toyota Bringing Battery EV Production to Kentucky
Eaton Named a ‘World’s Most Admired Company’

Eaton was bestowed with this honor by Fortune magazine for the seventh straight year.

Eaton Named a ‘World’s Most Admired Company’