Another year, another accolade for Toyota on the Fortune 500 lists. Does the news surprise you? Not really? Well, we wouldn't blame you - Toyota has been performing extremely well over the last few years, avoiding major scandals and keeping outputs high. It's also worth remembering that a couple of years back was when Toyota began to push their new image and vision for their products, with fun-to-drive in mind, and while it may not directly correlate with their performance on the Fortune 500 lists, it's a nice line of reasoning.
While Toyota has been at the top of the Motor Vehicle Company list for the Fortune 500, in terms of the bigger picture they have moved up 5 spots on the "All-Star" list. In terms of judging, the lists themselves are for the "World's Most Admired Companies", which takes outright performance out of the equation. Toyota won on the basis of being committed to advancing sustainable, next-generation mobility for consumers.
It's safe to say then that Toyota is doing pretty well, both from a consumer perspective and from the viewpoint of professionals within the industry (as they are the ones who vote). Toyota may not be doing outright fantastic within the ASEAN region, but there is no doubt that their push in other markets combined with their production efficiency and consistency has allowed them to maintain a fairly loyal fanbase.