Aisin

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Aisin Corporation
TypePublic (TYO: 7259)
IndustryAutomotive
Founded1949; 72 years ago (1949) (as Aichi Industries)[1]
HeadquartersKariya, Aichi, Japan
Key people
Kiichiro Toyoda: Founder Kanshiro Toyoda: Chairman Fumio Fujimori: President
ProductsAutomotive parts
RevenueIncrease¥3,243.178 billion (2016)[2]
Increase¥176.435 billion (2016)[2]
Increase¥96.974 billion (2016)[2]
Total assetsDecrease¥2,864.816 billion (2016)[2]
Total equityIncrease¥1,477.990 billion (2016)[2]
Owners[3]
Number of employees
100,000
Websitewww.aisin.com

Aisin Corporation (株式会社アイシン, Kabushiki gaisha Aishin) is a Japanese corporation that develops and produces components and systems for the automotive industry. Aisin is a Fortune Global 500 company, ranked 359 on the 2020 rankings.[4] They are a member of the Toyota Group of companies.

Aisin was founded in 1965[1] and supplies engine, drivetrain, body and chassis, aftermarket, and other main automotive parts for various major OEMs. In addition to partaking in the automotive markets, Aisin also offers life and amenity products (e.g. furniture and sewing machines), energy systems, welfare products, and other products/services.[5]

Corporate History[edit]

The company traces its origins to 1943, when Tokai Aviation Industries (東海航空工業, Tōkai Kōkū Kōgyō) was founded as a joint venture between the Toyota Motor Corporation and Kawasaki Aircraft Industries to produce aircraft engines for the Imperial Japanese Army Air Service. The company was quickly renamed Tokai Airplane Industries (東海飛行機工業, Tōkai Hikōki Kōgyō) after it was discovered that there was a pre-existing company with the same name.[6]

After the war Tokai renamed itself Aichi Industries (愛知工業, Aichi Kōgyō), and shifted production from aircraft parts to sewing machines and automobile parts. In 1965 Aichi Kogyo merged with auto parts manufacturer Shinkawa Kogyo to form Aisin Seiki Co., Ltd. (アイシン精機株式会社, Aishin Seiki Kabushiki Kaisha).[1]

In October, 2019 Aisin Seiki announced they would merge with subsidiary Aisin AW, consolidating management and renaming the company.[7] Effective April 1, 2021 the combined company was officially renamed Aisin Corporation.[8]

Aisin AW[edit]

The headquarters of Aisin AW

Aisin AW was Aisin Seiki's subsidiary building automatic transmissions. It was originally established in 1969 as Aisin-Warner, a joint venture with BorgWarner. In 1981 BorgWarner reduced its equity in Aisin-Warner to 10%[9], and by 1987 had divested themselves of the remainder. Aisin-Warner was renamed Aisin AW in 1988, and merged with parent company Aisin Seiki in 2021.

It developed the Prius transmission[10] and the world's first speaking navigation system.[11]

Additionally, the two-axis Aisin AW hybrid design has been adapted to the 2016– Prius (excepting the Prius c), and has also been employed on "Gen 1" (2005-2007) and "Gen 2" (2008-2012) Ford Escape Hybrids (Aisin T-030 and T-031 eCVTs, respectively), both FWD and AWD models, with Ford providing the Atkinson Cycle engine, hybrid battery, and all software control systems, and with Ford developing the AWD functionality; and on 2017– Chrysler Pacifica Hybrid minivans (Aisin T-032 eCVT). The two-axis design eliminates the second planetary gearset ("motor speed reduction device") found in the 2010–2015 Prius and the Prius c, and which reduces the width and weight of the eCVT and improves its overall efficiency.

It is based in Anjō, near Nagoya, Japan. Another major division is located in Okazaki.

Other global locations: Headquarters for Europe : AW Europe & AW Technical Center Europe which is located in Braine-l'Alleud (Belgium) for Research and Development and in Baudour (Belgium) for the re-manufacturing of automatic transmissions/transaxles and production of electronic products.

Aisin AI[edit]

Aisin AI was an Aisin Seiki subsidiary spun off in July 1991 to produce manual transmissions and transfer cases, moving its headquarters to Nishio City. Aisin AI supplied only Toyota through 1996, when DaimlerChrysler and Isuzu began using their products. The company later began supplying products to other companies worldwide.

Aisin AI was consolidated into Aisin AW in 2019.[12]

Aisin USA[edit]

Aisin constructed a factory in the United States of America in 1986, with production beginning in 1989. This factory, in Seymour, Indiana has since been expanded and supplies components for Honda, General Motors, Mitsubishi Motors, Nissan and Toyota. The company also operates in Marion, Illinois.

On October 5, 2005, Aisin USA opened an 878-acre (3.55 km2) testing facility near Fowlerville, Michigan. Officially named FT Techno of America (FTTA), but known as Aisin's Fowlerville Proving Ground, the new venture is a member of the Aisin Group, a Tier One worldwide automotive components supplier with global sales of more than US$15 billion in 2004. In Michigan, Aisin Group companies employ 554 associates, with annual payroll of US$40 million and total investments of US$102.7 million. FTTA is Aisin's fifth group company in Michigan. In 2009, the North American based division and companies were all placed under a newly created entity named Aisin World Corp. of America. Aisin World Corp. of America was structured so that Toyota Motors Corporation, Mitsui, and Hino Motors USA have majority ownership of the Aisin entities in North America. Aisin Automotive Castings, LLC. and other North American based Aisin companies operate as subsidiaries to Aisin World Corp. of America.

The new proving ground, Aisin's first in North America, and third worldwide, is research and development based supporting test surfaces of various lengths and lane widths used to develop and evaluate a variety of Aisin products and applications, such as transmissions, brakes, drivetrains, and chassis and body systems and components.

IMRA America[edit]

IMRA America (Institut Minoru de Recherche Avancé) was founded in 1990 in Ann Arbor, Michigan, and has become a key R&D division of Aisin group. IMRA America is dedicated to creative research and innovation on laser applications, biomedical devices, and lithium-ion batteries.

Alternative propulsion products[edit]

Aisin Seiki Co products includes:

Solar cells[edit]

Aisin Seiki has worked with Toyota Central R&D Labs Inc. to develop dye-sensitized solar cells (DSC).[13]

Sponsorship[edit]

Moffitt's championship winning truck with sponsor Aisin on display in Japan.

The company sponsors the Aisin SeaHorses Mikawa, 5-time champion of Japan's top professional basketball league.

NASCAR[edit]

Aisin AW currently sponsors Austin Hill in the NASCAR Gander RV & Outdoors Truck Series and Xfinity Series. Hill drives the No. 61 Toyota Supra and No. 16 Toyota Tundra for Hattori Racing Enterprises. HRE's first win came at Atlanta Motor Speedway with Brett Moffitt, whose truck had Aisin sponsorship, in 2018.[14] HRE and Moffitt also won the CWTS championship that same year.[15]

Aisin AW has also sponsored the team in the ARCA Menards Series.[16]

See also[edit]

References[edit]

  1. ^ a b c "Corporate History". Retrieved 2021-04-04.
  2. ^ a b c d e "Financial Data (Consolidated)". Aisin Seiki Global Website.
  3. ^ "Stock Information & Ratings". 2021-03-31. Retrieved 2021-04-04.
  4. ^ "Aisin Seiki". Fortune. Retrieved 2021-04-04.
  5. ^ "AISIN - Products - Group Companies Products". Retrieved 2009-10-09.
  6. ^ "Establishment of Tokai Hikoki Co., Ltd". Retrieved 2021-04-04.
  7. ^ "Management Integration of Aisin Seiki and Aisin AW" (pdf) (Press release). 2019-10-31. Retrieved 2021-04-04.
  8. ^ "Notice Regarding Conclusion of Merger Agreement (Simple and Short Form) with AISIN AW CO., LTD" (PDF) (Press release). 2020-12-22. Retrieved 2021-04-04.
  9. ^ "Borg-Warner Gain". The New York Times. 1981-06-02. Retrieved 2021-04-04.
  10. ^ "Major product information : Hybrid Transmission | Drivetrain Products". Aisin AW Co., Ltd. Retrieved 2016-04-04.
  11. ^ "Car Navigation System | Information Products". Aisin AW Co., Ltd. Retrieved 2016-04-04.
  12. ^ "AISIN Group companies announce management integration of consolidated subsidiaries" (Press release). 2018-10-31. Retrieved 2021-04-04.
  13. ^ "Dye solar cell". École Polytechnique Fédérale de Lausanne. 2013-05-03. Retrieved 2013-08-17.
  14. ^ "Moffitt takes wild Truck win at Atlanta after drama for Kyle Busch". Motorsport.com. Retrieved 2018-02-25.
  15. ^ "Brett Moffitt wins Hattori Racing their first championship". NASCAR. November 16, 2018. Retrieved June 17, 2019.
  16. ^ "09/13/2008 race: Eddie Gilstrap Motors 200 by Advance Auto Parts (ARCA) - Racing-Reference.info". racing-reference.info. Retrieved 2017-05-17.

External links[edit]