AKRON—For the fifth year in a row, Fortune magazine has ranked Goodyear as the world's most admired tire company.
Fortune listed the Akron-based tire maker as No. 2 on its list of most admired companies in the motor vehicle parts category, the highest rank in the category for a U.S.-based company. The second-place rank also is an improvement over last year's No. 3 ranking.
Other tire companies to make the 2017 list in the motor vehicle parts category were Group Michelin and Continental A.G., which were ranked fourth and fifth, respectively.
Robert Bosch L.L.C. took to the top spot in the motor vehicle parts category. Toyota (3), Johnson Controls (6), Lear (7) and ZF Friedrichshafen (8) round out the list of companies in the category.
In addition to being ranked among Fortune's most admired companies, Goodyear also ranks 169th on the Fortune 500 list.
To determine the best-regarded companies in 51 industries, Fortune collaborates with Korn Ferry Hay Group, which asks executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed.
The full list of Most Admired companies will be featured in the March issue of Fortune, which is set to hit newsstands on March 20. Additional information about the annual rankings is available online.
Based in Akron, Goodyear is the No. 3 tire maker worldwide, with 48 tire plants in 21 countries.