Denso, the world’s second largest mobility supplier, has been named to the list of World’s Most Admired Companies by Fortune for the fifth consecutive year.
The company placed sixth in the Motor Vehicle Parts industry, advancing one spot from 2018. The recognition follows recent changes made by Denso to adapt to and lead widespread industry change, such as investing in strategic start-up partners, pushing into software-based solutions, and expanding its North American R&D capabilities.
“Our new company direction, strategic investments and long-term vision to push mobility innovations to new heights likely played a role in our new ranking,” said Kenichiro Ito, CEO of Denso International America, Inc. “Most importantly, we credit this recognition to our talented, dedicated and collaborate associates who consistently demonstrate an unparalleled passion for creating safe and efficient vehicles.”
The World’s Most Admired Companies list—widely regarded as the authority on corporate reputations—is compiled by Fortune and Korn Ferry Hay Group through surveys of industry executives, directors and analysts who evaluate companies on nine criteria. DENSO received its highest scores in the innovation, social responsibility and product quality categories.
Denso is a $48.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today.