The Massachusetts Institute of Technology (MIT), described as ‘one of the finest educational institutions in the world’ by Jim Lentz, Toyota North America’s chief executive officer, has named Toyota one of the world’s smartest companies in its Technology Review.

Ranked at No. 17 out of the world’s Top 50, Toyota was one of just two automotive manufacturers to make the grade, sitting amongst respected technology leaders including Amazon and Facebook, and ahead of Microsoft, IBM and Intel. You can view the Top 50 list right here.

Lentz commented, ‘We’re very grateful to be recognised by MIT’, saying that ‘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.’

Global media company MIT Technology Review, backed by MIT, is known for its coverage of science, business and technology. Editors ‘pick the 50 companies that best combine innovative technology with an effective business model’ to compile the list.

Toyota was selected by the MIT Technology Review as one of the smartest companies in the world for launching the Toyota Research Institute, which ‘will study the future of mobility, artificial intelligence and robotics’.

The Japanese marque has also launched the award-winning Toyota Mirai, a pioneering hydrogen fuel vehicle that emits just water vapour and has a 300+ mile range. And it’s currently developing ‘a network of accessible and reliable hydrogen fuel stations’ to support the Mirai and other potential future hydrogen vehicles.

Although the Mirai isn’t yet available from Lancaster Toyota, the rest of this incredible automaker’s range is ready and raring to go – which one will you pick? Whichever Toyota you choose, it’ll certainly be a very smart decision.