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MIT publication ranks Toyota among 50 Smartest Companies

MIT publication ranks Toyota among 50 Smartest Companies image

Text: Eric Tipan / Photos: Toyota | posted June 24, 2016 09:11

MIT Technology Review ranks Toyota 17 out of 50 smart companies

Toyota Motor Company (TMC) has been perennially at the forefront of advancements in mobility as the automaker continues to seek better and more environmentally friendly ways for people to get around.

These efforts have not gone unnoticed as the MIT Technology Review honors Toyota by placing them 17th in the list of the World's 50 Smartest Companies.

This puts Toyota amongst the most distinguished IT companies in the world including Amazon, Alphabet, and Facebook and ahead of Microsoft, IBM, and Intel.

“We're very grateful to be recognized by MIT, one of the finest educational institutions in the world. Toyota's scientists are committed to innovation and leading the way to a future of mobility that is cleaner, safer, and provides freedom of mobility for all.  In the spirit of kaizen, Toyota is committed to improving every day in the service of our customers and society,” said Jim Lentz, chief executive officer of Toyota Motor North America.

Toyota was recognized for launching one of the world's first mass-market hydrogen fuel vehicles, the Mirai and also the opening of the Toyota Research Institute that's dedicated to the 'study the future of mobility, artificial intelligence, and robotics.'

Also highlighted was Toyota's work in developing 'a network of accessible and reliable hydrogen fuel stations' to support the Mirai and other hydrogen vehicles.

Part of the criterion, editors chose the companies based on the best innovative technology combined with an effective business model.

MIT Technology Review is a global media company that is funded by the Massachusetts Institute of Technology and it recognized for its 'coverage of science, business and technology.'

EV maker Tesla Motors, a fomer Toyota technology partner was also included in the list and ranked in 4th. The full list can be found on https://www.technologyreview.com/lists/companies/2016.