SOUTHFIELD, Mich. (February 28, 2019) - DENSO, the world's 2nd largest mobility supplier, has been labeled to the list of World's Most Admired Companies by Fortune for the 5th consecutive year. The company placed sixth in the Motor Vehicle Parts industry, advancing one spot from 2018. This identification follows recent changes made by DENSO to adapt to and lead widespread industry change, such as investing in strategic startup partners, pushing into software-based solutions and increasing its North American R&D capabilities.
'Our new company direction, strategic investments and long-term vision to move mobility innovations to new elevations likely played a role in our new ranking,' said Kenichiro Ito, CEO of DENSO International America, Inc. 'Most notably, we credit this popularity to our talented, dedicated and collaborate colleagues who regularly demonstrate an unrivaled 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 got its highest scores in the innovation, social responsibility and product quality categories.