Automaker earns No. 28 spot in “World’s Most Admired Companies“ list
Plano, Texas (Feb. 19, 2016) – Toyota was once again named the top motor vehicle company in Fortune Magazine’s annual list of the “World’s Most Admired Companies.” Toyota is also ranked at No. 28 overall out of all companies surveyed and was in the top ten in both talent and running a global business.
The “World’s Most Admired Companies” survey measures nine attributes considered critical to a company’s global success, including quality of management, social responsibility, people management and global competitiveness, among others. Toyota ranked No.1 across all categories in the motor vehicles sector. The list, widely considered to be the definitive report card on corporate reputation, is based on company surveys and peer ratings from senior executives, directors and analysts.
"Toyota is honored 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.”
The full list appears in the magazine’s March issue, available now on Fortune’s website at fortune.com/WMAC and on newsstands February 22.
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 652 companies from 30 countries.
To arrive at the top 50 Most Admired Companies overall, Korn Ferry Hay Group asked 4,000 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% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry. To create the 54 industry lists, participants were asked to rate companies in their own industry on nine criteria.
Toyota (NYSE:TM), the world's top automaker and creator of the Prius and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota, Lexus and Scion brands. Over the past 50 years, we’ve built more than 30 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 42,000 people (more than 33,000 in the U.S.). Toyota operates 1,800 North American dealerships (1,500 in the U.S. alone which sold almost 2.5 million cars and trucks in 2015) – and about 80 percent of all Toyota vehicles sold over the past 20 years are still on the road today.
Toyota partners with philanthropic organizations across the country, with a focus on education, safety, and the environment. As part of this commitment, we share the company’s extensive know-how garnered from building great cars and trucks to help community organizations and other nonprofits expand their ability to do good. For more information about Toyota, visit www.toyotanewsroom.com.