Feb 27, 2015

The annual list of the World’s Most Admired Companies from Fortune Magazine has named Toyota Motor Company to the top slot for the Motor Vehicle category. The automaker also landed the number 24 spot in the overall ranking, making both positions an increase of one spot up from the company’s 2014 ranking.

Each year, the Hay Group conducts an in-depth survey through the assistance of more than 4,000 securities analysts, executives and directors that choose their top ten companies that they admire from a pre made list. The companies included on the list are analyzed based on nine specific attributes that are critical to the global success of a company including global competitiveness, people management, social responsibility and quality of management.

“We’d like to thank Toyota team members, associates and partners worldwide for helping us achieve this honor,” said Jim Lentz, Toyota Motor North America chief executive officer. “We are dedicated to our customers, communities, and to leading the future of mobility. We’re proud to be recognized as one of Fortune’s World’s Most Admired Companies and a leader in our industry.”