Employees rank Michelin in Fortune magazine's annual survey.

Michelin has been ranked the top tire manufacturer and third by Fortunemagazine among the World's Most Admired Companies in the Motor Vehicle Parts category for 2020.

Michelin has been in business since 1889.

"At Michelin, we are passionate about bringing new solutions to the challenges of mobility, so that people everywhere from massive urban cities to smaller communities can experience the freedom of moving about affordably, efficiently and sustainably," Alexis Garcin, chairman and president,Michelin North America, said in a news release. "Michelin is grateful for this recognition from other business leaders in our industry, and thanks especially to the hard-working and innovative people of Michelin who contributed to the results."

In the annual listing fromFortune magazine, "World's Most Admired Companies" are ranked based on an independent survey of executives, directors and analysts, the news...