Denso Corp. has been named to the list of World’s Most Admired Companies by Fortune magazine for the fifth straight year.

The company placed sixth in the Motor Vehicle Parts industry, advancing one spot from 2018.

The company says this recognition follows recent changes to adapt to and lead widespread industry change, such as investing in strategic startup partners, pushing into software-based solutions and expanding its North American research and development 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—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.

Fortune’s full list of World’s Most Admired Companies is available in the magazine’s February issue. To view the Motor Vehicle Parts, ranking click here.

Globally headquartered in Kariya, Japan, Denso Corp. is a $48.1 billion global mobility supplier that develops technology and components for nearly every vehicle make and model on the road today. Denso has 170,000-plus employees and 220 facilities in 25 countries that produce thermal, powertrain, mobility, electrification and electronic systems.

In North America, Denso employs 24,000-plus engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. Denso Products and Services Americas Inc. is headquartered in Southfield, Mich. For more information on Denso in North America, go to www.denso.com/us-ca/en.

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