Toyota, BMW Are The Most Admired Automakers In The World

Fortune Magazine's survey of "World's Most Admired Companies" ranks Toyota as the world's most admired automaker. BMW was next best according to the survey.

The survey attributed nine measures including quality of management, social responsibility, people management and global competitiveness, among others. Toyota ranked top across all the categories in the motor vehicle sector.

The Japanese automaker also ranked 28 overall among all the companies and was in top 10 in both talent and running a global business. BMW ranked 18 overall, but, was ranked second to Toyota when it came to Most Admired Companies.

The result was based on responses from 4000 executives, directors and securities analysts. This group of people are from the top 25 list of companies in last year's surveys, it included those who finished in the top 20 percent of the industry. This enabled anyone to vote for any company in any industry.

In the motor vehicle sector, the ranking was based on peer ratings.

Among others who made it to the top list in the motor vehicle sector, following Toyota and BMW were Daimler, Hyundai, Honda, General Motors, Volkswagen and Nissan. Toyota and BMW are the only two who were ranked in the World's Most Admired Companies overall list.

The survey covers 652 companies from 30 countries. The industry lists were created by executives, directors and analysts to rate companies from their own industry on nine criteria which include investment value to social responsibility. For a company to be listed, its score has to rank in the top half within its industry survey.