PLANO, Texas, Jan. 19, 2018 /PRNewswire/ -- Toyota is
named again by Fortune as one of the "World's Most
Admired Companies" and named the No. 1 motor vehicle company for
the fourth consecutive year in an annual
ranking. Fortune also recognized Toyota as one of
the Top 50 "All-Star" companies surveyed, moving up five spots from
last year.
Fortune's "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 honored to be listed among the world's most admired
companies once again, and to be recognized as the most admired auto
company in the world for the fourth year in a row," said
Jim Lentz, CEO of Toyota Motor North
America (TMNA). "This ranking acknowledges the many successes of
our global team who are committed to advancing sustainable,
next-generation mobility for our customers."
The full list appears in the magazine's February issue
(available on newsstands January 22)
and can be viewed online now
on Fortune's website: http://fortune.com/worlds-most-admired-companies.
METHODOLOGY
Fortune collaborated with Korn
Ferry on this survey of corporate reputation. They began
with a universe of about 1,500 candidates: the 1,000 largest U.S.
companies ranked by revenue, along with non-U.S. companies
in FORTUNE's Global 500 database that have revenues of
$10 billion or more. They then winnowed the assortment to the
highest-revenue companies in each industry, a total of 680 in 29
countries. The top-rated companies were picked from that pool of
680; the executives who voted work at the companies in that
group.
To determine the best-regarded companies in 52 industries,
Korn Ferry asked executives,
directors, and analysts to rate enterprises in their own industry
on nine criteria, from investment value and quality of management
and products to social responsibility and ability to attract
talent. A company's score must rank in the top half of its industry
survey to be listed.
To select the 50 All-Stars, Korn
Ferry asked 3,900 executives, directors, and securities
analysts who had responded to the industry surveys to identify 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.
The difference in the voting rolls explains why some results can
seem at odds with each other. For example, Deere fell off the
All-Star list but moved up one notch within the construction and
farm machinery category when votes from only those in that industry
were counted.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in
the U.S. and North America for 60
years, and is committed to advancing sustainable, next-generation
mobility through our Toyota and Lexus brands. During that
time, Toyota has created a tremendous value chain as our teams have
contributed to world-class design, engineering, and assembly of
more than 33 million cars and trucks in North America, where we operate 14
manufacturing plants (10 in the U.S.) and directly employ more than
46,000 people (more than 36,000 in the U.S.). Our 1,800 North
American dealerships (nearly 1,500 in the U.S.) sold more than 2.6
million cars and trucks (2.4 million in the U.S.) in 2017 – and
about 85 percent of all Toyota vehicles sold over the past 15 years
are still on the road today.
Toyota partners with community, civic, academic, and
governmental organizations to address our society's most pressing
mobility challenges. We share company resources and extensive
know-how to support non-profits to help expand their ability to
assist more people move more places. For more information about
Toyota, visit www.toyotanewsroom.com.
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SOURCE Toyota Motor North America