Toyota has again been named the top automotive company in Fortune Magazine’s annual list of the “World’s Most Admired Companies.”
Toyota ranked 28th overall out of 652 companies surveyed in various industries and services from 30 countries, and placed in the top ten in both talent and global business operations. The list was topped by tech giants Apple, Alphabet (Google) and Amazon (1, 2, 3, respectively), with insurer Berkshire Hathaway 4th and Walt Disney 5th.
The annual survey ranks companies on nine attributes considered essential to global success, including management quality, social responsibility, global competitiveness and people management, among others. The list is compiled from a variety of sources including company surveys, and peer rankings among 4,000 executives, directors and securities analysts.
Toyota ranked first in the Motor Vehicles category with a score of 7.7, but of note is that BMW placed ahead of Toyota in the Top 50 rankings (placing 18) but scored just 6.6 to place second in the auto ranks. Daimler placed third, also with a 6.6 score, ahead of Honda (5.5) and General Motors (5.2).
“Toyota is honoured to once again be recognized as a most admired company,” said Jim Lentz, Toyota Motor North America chief executive officer. “All of our team members and partners worldwide contribute to enhancing Toyota’s reputation by creating the future of mobility and contributing to a better society through safer, greener, and more fun driving experiences. This recognition is a reflection of their dedication to continuous improvement and exceeding customers’ expectations.”
Toyota was also near the top of the ranks of parts companies with Toyota Industries placing second with a score of 7.0, just behind Bosch (7.3). Goodyear placed third (6.3) ahead of Johnson Controls (6.2) and Michelin (5.8).