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    Automotive Supplier Outlook 2025: Volume 3 Companies K - N
    S&P Global Mobility’s Matthew Beecham has engaged senior executives from 42 suppliers in the automotive supply chain for an end-of-year interview initiative. This initiative seeks to gather valuable insights into the challenges faced in 2024 and the strategies being formulated for 2025, prioritizing genuine experiences over elaborate strategies. This report is the third of four volumes. The key discussion points include the challenges faced by automotive suppliers, including increased r...
    Insights
    Northvolt’s collapse: A tale of reckless extravagance and blurred focus
    Fewer than two years after the collapse of Britishvolt, one of the most promising battery startups in the UK, Swedish battery maker Northvolt filed for chapter 11 in the US on Nov. 21. The filing followed its failure to scale up production as planned at its flagship gigafactory in Skellefteå, Sweden and raise more funds to rescue its operations. While Northvolt’s collapse is seen as another setback to Europe’s battery ambitions, it also underlines a wider trend of new-age, clean-tech startu...
    Insights
    Automotive Grade Linux launches OSPO Expert Group led by Toyota
    Automotive Grade Linux (AGL), a cross-industry collaborative initiative aimed at developing an open-source platform for software-defined vehicles (SDVs), has established a new Open Source Program Office (OSPO) Expert Group in San Francisco, California. Led by Toyota with support from Aisin and Panasonic, the group aims to promote the establishment of OSPOs within the automotive industry and facilitate the exchange of best practices and information among them. The initiative comes as a response t...
    News
    Aisin first half FY 2025 revenue declines 4.2% YOY to $15 billion
    Aisin has reported a 4.2% year-over-year decline in revenue to ¥2.3 trillion (about $15 billion) in the first half of the current financial year ended Sept. 30, 2024. The lower revenue impacted the company’s earnings with operating profit declining 38.1% year over year to ¥56.2 billion and profit before income taxes decreasing 81.9% year over year to ¥19.6 billion. Aisin concluded the first half with an 88.4% year-over-year decline in net profit to ¥8.1 billion. The company reported a 5...
    News
    Aisin’s net profit more than doubles to $600 million in FY 2023/24
    Aisin’s net profit more than doubled to ¥90.8 billion (about $600 million) in the financial year ended March 31, 2024, the Japanese supplier said in a press release. Revenue surged 11.5% year over year to ¥4.9 trillion, driven by higher vehicle production in Japan and the US, as well as an increase in sales of electrification solutions. Higher revenue also helped the Toyota group supplier to report operating profit of ¥143.3 billion, more than double over ¥57.9 billion a year earlier. T...
    News
    Toyota Boshoku and Aisin begin transaction of commercial rights for automotive seat frame mechanism parts
    Toyota Boshoku and Aisin has begun the transfer of commercial rights for the business of automotive seat frame mechanism parts, the company said in a press release on 2 November. Significance: The transaction of the automotive seat frame mechanism will increase and further strengthen global competitiveness of Toyota Boshoku’s automotive seat business. The transaction follows the transfer of automotive seat frame mechanism parts business for Toyota Motor Corporation from Aisin to Toyota Bosh...
    News
    Aisin Seiki’s nine-month 2020 revenue decline 12.8% y/y to USD24.2 billion
    Aisin Seiki has reported a 12.8% year-on-year (y/y) decline in revenues to JPY2.5 trillion (USD24.2 billion) for the first nine months ended 31 December, the Japanese supplier said in a press release on 2 February. Operating profit and net profit for the period also decreased by 36% and 16.2% y/y to JPY49.3 billion and JPY39 billion, respectively. Toyota accounted for 61% of total nine-month sale. In terms of regions, sales decreased across all regions except China, where sales grew by 11.5% ...
    News
    Aisin Seiki's H1 FY2021 revenues fall 23.1% y/y to USD13.7 billion
    Aisin Seiki has reported a fall of 23.1% year on year (y/y) in its revenue to JPY1.4 trillion (USD13.7 billion) during the first half of the fiscal year ended 30 September 2020. Aisin Seiki witnessed an operating loss of JPY38 billion in the first half, as compared with an operating profit of JPY53.4 billion in the corresponding period last year. Net loss for the six-month period was JPY19.4 billion, against a net profit of JPY30.3 billion last year. Revenues from most regions fell ...
    News
    Aisin Group’s Q1 revenue drops 42.3% y/y to USD5.2 billion
    Aisin Seiki’s revenue declined 42.3% year on year (y/y) to JPY555.3 billion (around USD5.2 billion) in the first quarter ended 30 June 2020, the company said on 31 July. Net loss for the quarter was JPY50.3 billion against net profit of JPY17.4 billion in the same period a year ago. The company posted an operating loss of JPY79.9 billion compared with operating income of JPY25.5 billion. The company’s sales dropped in Japan by 40.3% y/y to JPY331.9 billion while rose 15.9% y/y in China to...
    News
    Aisin Seiki invests in StradVision Series B fundraising
    StradVision Inc., a startup focused on vision processing technology for autonomous vehicles, has received a strategic investment from Japanese automotive supplier Aisin Siki Co. as part of its USD27 million Series B fundraising, according to a report by The Robot Report on 16 June. Aisin Group invested in StradVision through its corporate venture capital fund managed by Pegasus Tech Ventures. Significance: StradVision first announced its Series B round in December 2019. Aisin Group said its i...
    News
    Aisin Seiki to change trade name to Aisin Corporation
    Japan-based auto components and transmission systems supplier, Aisin Seiki, has announced that it will be changing its company trade name and that it will take effect from 1 April 2021. According to a press release issued by the supplier on 30 April, the company has declared that the new trade name will be Aisin Corporation. The new name will be officially determined at the 97th annual meeting of the company’s shareholders that will be conducted on 16 June. Significance: Towards the end ...
    News
    Aisin’s FY 2020 revenue falls 6.4% y/y to around USD35 billion
    Aisin Seiki’s revenue declined 6.4% year on year (y/y) to JPY3.7 trillion (around USD35 billion) in the fiscal year (FY) ended 31 March 2020, the company said on 30 April. Net income dropped 78.2% y/y to JPY24 billion. The company posted a 72.7% y/y decline in operating income to JPY56.1 billion. The company’s sales dropped in Japan by 7.8% y/y to JPY2.1 trillion and 16.5% y/y in China to JPY315.2 billion. Aisin Seiki reported improved sales in Europe, which increased by 5% y/y to JPY367....
    News
    Aisin Seiki’s April-December net profit drops 43.9% y/y to USD427.9 million
    Aisin Seiki’s net income declined 43.9% year on year (y/y) to JPY46.7 billion (USD427.9 million) in April to December period ended 31 December 2019, the company said on 31 January. Revenue dropped 4.7% y/y to JPY2.8 trillion, mainly due to a decline in automatic transmission sales in China. The company posted a 52.2% y/y decline in operating income to JPY77.2 billion. The company’s sales dropped in Japan by 5.9% y/y to JPY1.6 trillion and 14.7% y/y in China to JPY261.4 billion. Aisin Seik...
    News
    Aisin collaborates with Vayyar Imaging to develop exterior vehicle sensing
    Japan-based Aisin Seiki Co Ltd. has teamed up with Vayyar Imaging, an Israeli company specializing in 4D imaging sensor technology, to develop high resolution short-range radar (SRR) for exterior vehicle sensing, according to a press release on 7 January. The collaboration will see the integration of Aisin's in-vehicle system expertise with Vayyar's 4D high-resolution short-range radar to develop exterior sensing capabilities for vehicles, such as blind spot detection for low-speed driving ...
    News
    Aisin Seiki announces plan to merge with Aisin AW
    Japanese auto components and transmission manufacturer Aisin Seiki has announced a plan to merge with their automatic transmission production brand, Aisin AW, in a press statement released on October 31st. The planned management integration is being done in order to adapt to automotive industry disruptions, according to the company. The merger will take place after Aisin AW reacquires all of its shares that are currently held by the Toyota Motor Corporation. The transfer of shares is schedule...
    News
    Aisin Seiki Q1 net income drops 56.6% y/y to USD161 million
    Aisin Seiki has reported a decline of 56.6% year over year (y/y) in net income to JPY17.4 billion (USD161 million) for the first quarter ended 30 June 2019, according to a company press release on 31 July. Revenue for the period fell 4.5% y/y to JPY963 billion. The company posted a 60.6% y/y drop in operating profit to JPY25.5 billion. The company generated JPY603.2 billion, equivalent to 62.6% of the total revenue, from its parent Toyota Group in the first quarter of 2019. Other automotive c...
    News
    Aisin Seiki’s FY 2018/19 net income down 18.2% y/y to USD993 million
    Aisin Seiki has reported a decline of 18.2% year-over-year (y/y) in net income to JPY110.1 billion (USD993 million) for the fiscal year ended 31 March 2019, according to a company press release on 26 April. Revenue for the period grew 3.4% y/y to JPY4.04 trillion, the highest revenue for Aisin Seiki. Despite higher sales, operating profit fell 19% y/y to JPY205.5 billion. The company generated JPY2.3 trillion, equivalent to 57.3% of the total revenue, from its parent Toyota Group in the FY 20...
    News
    Auto Shanghai 2019: Aisin Group showcases solutions for electrified vehicles
    Aisin Group is showcasing its range of solutions for electrified vehicles (EVs) at the Auto Shanghai 2019 in China, the company announced in a press release. The exhibits will include products such as electric water pump for engine cooling, cooperative regenerative brake system, and the ‘i-mobility Type-T’ concept car equipped with a broad range of Aisin Group products. Aisin will also be showcasing solutions for Vehicle Dynamics Control for automated driving, such as an active ste...
    News
    Aisin Seiki, Anhui Ring New Group form JV in China to produce aluminum die-cast parts for automatic transmissions
    Aisin Seiki has set up a new joint venture (JV) with Anhui Ring New Group in China to manufacture aluminum die-cast parts including transmission cases for automatic transmissions, the company announced in a press release on 17 April. Named Aisin (Anqing) Auto Parts, the JV will get a capital of CNY237 million (USD35.3 million), 85% of which will be from Aisin and the remaining 15% by Anhui Ring New Group. The plant under the JV will start production in August 2020 and will employ around 150...
    News
    Aisin Seiki’s net profit down 13.7% y/y to USD754.2 million in April-December 2018
    Aisin Seiki has reported a decline of 13.7% year-over-year (y/y) in net income to JPY83.2 billion (USD754.2 million) for the first nine months of fiscal year 2018/19, according to a company press release on 1 February. Revenue for the period grew 4.7% y/y to JPY3 trillion, the highest revenue for Aisin Seiki during the first nine months of a year. Despite higher sales, operating profit fell 13.1% y/y to JPY161.4 billion. The company generated JPY1.7 trillion, equivalent to 56.6% of the total ...
    News
    Denso, Aisin Seiki to form new JV for EV driving modules
    Japan-based Denso and Aisin Seiki have agreed to set up a new company to develop and sell driving modules for electric vehicles (EVs), Denso announced in a press release on 26 December. The new company, to be called ‘BluE Nexus’, will be established in April 2019 with about 200 employees. Based out of Aichi Prefecture, Japan, the joint venture (JV) will have a capital of JPY50 million (USD441,187); it will be 50% owned by Denso and 50% by Aisin Seiki. Kozo Yamaguchi, who is currently the exe...
    News
    Aisin Seiki, ADVICS, JTKET, Denso agree to form company to develop software for autonomous driving
    Aisin Seiki, ADVICS, JTEKT, and Denso have formally agreed to form a new joint venture (JV) company to develop integrated electronic control unit (ECU) software for “automated driving, vehicle motion control, and other related functions,” the companies said in a joint press release on 26 December. The new company called J-QuAD Dynamics will be established in April 2019 after regulatory approval from antitrust authorities. Denso will have majority shareholding of 65% in the JV company...
    News
    Aisin Seiki’s H1 net income up 15.3% y/y to USD567.7 million
    Aisin Seiki reported a growth of 15.3% year-over-year (y/y) in net income to JPY64.5 billion (USD567.7 million) in the first half year ended 30 September 2018, according to a company press release on 31 October. Revenue for the first two quarters combined grew 7.5% y/y to JPY2 trillion, the highest revenue for Aisin Seiki during the first half of a year. Operating profit also increased 14.1% y/y to JPY123.2 billion, also the highest ever for the 6-month period. The company generated JPY1.12 b...
    News
    Aisin Seiki’s Q1 net income up 27.4% y/y to USD362.3 million
    Aisin Seiki’s net income increased 27.4% year-over-year (y/y) to JPY40.1 billion (USD362.3 million) in the first quarter ended 30 June 2018, the Japanese supplier said in a press release today (31 July). Revenue for the quarter grew 9.9% y/y to JPY1 trillion. Higher revenue helped the Japanese supplier record 21.2% y/y growth in operating income to JPY64.89 billion. The company generated JPY563.6 billion, equivalent to 55.9% of the total revenue, from its parent Toyota Group. Other automoti...
    News
    Aisin to acquire majority stake in Toyota Autoparts Philippines
    Aisin Seiki is set to increase its equity stake in Toyota Autoparts Philippines (TAP) from 34% to 61%, Toyota announced in a press release on 24 May. TAP will be renamed ‘Toyota Aisin Philippines’, and Aisin will take the lead in managing the new company's business operations. With the new arrangement, Toyota Motor Corporation’s holding in the joint venture will come down to 34%, whereas Toyota Motor Philippines Corp will continue to hold 5% stake in the company. In the future, Aisin pl...
    News
    Aisin Seiki’s FY 2017/18 net income up 6.2% y/y to USD1.3 billion
    Aisin Seiki’s net income increased 6.2% year-over-year (y/y) to JPY134.55 billion (USD1.3 billion) in the fiscal year ended 31 March 2018, the Japanese supplier said in a press release on 27 April. Revenue for the year grew 9.7% y/y to JPY3.9 trillion. Higher revenue helped the Japanese supplier record 11% y/y growth in operating income to JPY253.8 billion. The company generated JPY2.3 trillion, equivalent to 58% of the total revenue, from its parent Toyota Group. Other automotive customers...
    News
    Aisin Seiki to set up JVs with GAC Motor, Geely Automobile to produce automatic transmissions in China
    Aisin Seiki will set up two new joint ventures (JV) with Chinese automobile manufacturers Guangzhou Automobile Group Motor (GAC) and the other with Zhejiang Geely Luoyou Engine Co. (subsidiary of Zhejiang Geely Holding Group) to manufacture automatic transmissions (AT) in China, the company announced in a press release today (25 April). The two JVs are expected to produce 400,000 units per year of 6-speed ATs. Both JVs will receive investment of CNY12.7 billion (USD117 million), in which Ai...
    News
    Aisin expands test track in US state Michigan
    Aisin Group continues to expand its proving ground in Fowlerville, Michigan (United States), Automotive News reported on 9 April. The 958-acre proving ground is currently undergoing its seventh expansion. In the latest expansion, the test site is converting around 16 acres to support autonomous driving technologies such as steering and braking as well as pedestrian detection. The new features at the test site following the latest expansion will include a stimulated urban setting with a five-lane...
    News
    Toyota to establish new company to accelerate automated driving efforts
    Toyota is set to establish a new company to develop automated driving software, the company announced in a press release on 2 March. The new entity will be named Toyota Research Institute-Advanced Development" (TRI-AD). Toyota has also signed a memorandum of understanding (MOU) with Aisin Seiki (Aisin), and Denso Corporation on  joint development of fully-integrated, production-quality software for automated driving. The three companies together will invest JPY300 billion (USD2 billion). Wh...
    News
    Aisin Seiki’s April-December 2017 net income up 1.9% y/y to USD855.7 million
    Aisin Seiki’s net income increased 1.9% year-over-year (y/y) to JPY96.4 billion (USD855.7 million as on 31 December 2017) in the nine months ended 31 December 2017, the Japanese supplier said in a press release on 2 February. Revenue for the period grew 10.5% y/y to JPY2.87 trillion. Higher revenue helped the Japanese supplier record 14.4% y/y growth in operating income to JPY185.6 billion. The company generated JPY171 trillion, equivalent to 58.3% of the total revenue, from its parent Toyo...
    News
    Hybrid Transmission Developments
    With the introduction of tighter legislative scrutiny on emission norms across various regions around the world, OEMs and suppliers are continuously developing solutions across the entire driveline. Advancement in hybrid transmissions is one such technological development domain where conventional internal combustion propulsion systems and electric systems are combined to meet fuel efficiency and emission targets, modulated with respect to the type of hybrid vehicle application. Categorization o...
    Insights
    NAIAS 2018: Aisin to showcase electrification, autonomous driving, connected car solutions
    Japanese supplier Aisin Group will showcase electrification, connected car and autonomous driving solutions at the 2018 North American International Auto Show (NAIAS) next month in Detroit, Michigan (United States), the supplier said in a press release on 22 December. The exhibit will include six Aisin Group companies—Aisin Seiki Co., Aisin Takaoka Co., Aisin Chemical Co., Aisin AW Co., Aisin AI Co, and ADVICS Co. The company will display a frame-model demonstration car equipped with a wide ra...
    News
    Aisin Seiki announces personnel changes
    Aisin Seiki has announced certain personnel changes, according to a company press release last week (28 November). The company has appointed Kiyotaka Ise and Toshiyuki Mizushima as executive vice-president. In their previous roles, both Ise and Mizushima were senior managing officers at Toyota Motor Corporation. In April this year, the company introduced a Virtual Company System (VC System) as a foundation for strengthening the competitiveness of the group as a whole. Kiyotaka Ise has also be...
    News
    PSA to produce Aisin's automatic transmissions in France under license – report
    French automaker PSA has reached an agreement with Japan-based automotive supplier Aisin Group to produce automatic transmissions under license in France, Reuters reported on 1 December citing two people familiar with the development. The licensing agreement between the two companies is likely to be announced this month, the people said.    Significance: PSA sources six-and eight-speed automatic transmission from Aisin, produced in Japan and China, for its Peugeot, Citroën and...
    News
    Aisin expands automatic transmission production capability in China and Japan
    Japanese automotive supplier Aisin Group has announced plans to expand its automatic transmission (AT) production capability in China and Japan, the company said in a press release last week. Aisin AW, one of the six core companies of the Aisin Group, has established a new AT manufacturing company in Mizunami, Gifu (Japan), named ‘AW Mizunami’ to produce ATs and parts. The company will invest JPY490 million (USD4.3 million) into the new manufacturing subsidiary which will have annual product...
    News
    Aisin Seiki’s H1 net income up 11.7% y/y to USD728 million
    Aisin Seiki’s net income increased 11.7% year-over-year (y/y) to JPY81.9 billion (USD728 million as on 30 September 2017) in the first six months ended 30 September 2017, the Japanese supplier said in a press release on 31 October. Revenue for the period grew 9.3% y/y to JPY1.8 trillion. Higher revenue helped the Japanese supplier to record 13.9% y/y growth in operating income to JPY108 billion. The company generated JPY1.1 trillion, equivalent to 59% of the total revenue, from its parent T...
    News
    Tokyo Motor Show 2017: Aisin to present electrification, connected car, autonomous driving solutions
    Japanese supplier Aisin Group will showcase electrification, connected car and autonomous driving solutions at the 2017 Tokyo Motor Show, which is scheduled to be held from 28 October to 5 November in Tokyo (Japan), the supplier said in a press release on 10 October. The exhibit will include six Aisin Group companies—Aisin Seiki Co., Aisin Takaoka Co., Aisin Chemical Co., Aisin AW Co., Aisin AI Co, and ADVICS Co.. The company will display a frame-model demonstration car equipped with a wide ra...
    News
    Aisin Seiki’s Q1 net income drops 24.6% y/y to USD280 million
    Aisin Seiki’s net income declined 24.6% year-over-year (y/y) to JPY31.5 billion (USD280.3 million as on 30 June 2017) in the first quarter ended 30 June 2017, the Japanese supplier said in a press release on 28 July. The company also witnessed 9.3% y/y drop in operating profit to JPY53.5 billion. Aisin Seiki reported lower earnings despite recording 9.3% y/y growth in revenue to JPY917 billion. The company generated JPY540.6 billion, equivalent to 59% of the total revenue, from its Toyota G...
    News
    PSA may produce Aisin's automatic gearboxes at French plant – report
    French automaker PSA Group is considering producing Aisin’s automatic gearbox at its plant in France, reports Reuters, citing three sources. According to the report, the two companies are in talks to manufacture Aisin’s 6-speed automatic gearboxes. The two plants that are reported to be under consideration are the Metz-Borny facility, which is said to have unused space, and the Valenciennes facility, which has expertise in manufacturing transmissions. According to sources, the deal could be ...
    News
    Aisin Seiki’s net income up 26.2% y/y to USD1.1 billion in FY 2016/17
    Aisin Seiki’s net income jumped 26.2% year-over-year (y/y) to JPY126.7 billion (USD1.1 billion as on 31 March 2017) in the fiscal year ended 31 March 2017, the Japanese supplier said in a press release today (28 April). Revenue for the period amounted to JPY3.6 trillion, up by 9.8% y/y. Higher revenue also helped the Japanese supplier to record an 18.7% y/y growth in operating profit to JPY228.7 billion. Aisin reported 6% y/y increase in sales to Toyota Group, its biggest customer, to JPY2....
    News
    Aisin to supply transmissions to Elio Motors
    Aisin Group is set to supply its transmission system to Elio Motors for the latter’s upcoming three-wheeler, Elio announced in a press release on 10 April. "The Aisin transmissions will play a key role in meeting several of our goals, including cost, fuel efficiency, and performance. In addition, having Aisin as part of our world-class team underscores Elio Motors' ability to attract leading suppliers to move this project forward," said Paul Elio, founder and CEO of Elio Motors. Significanc...
    News
    Toyota, Aisin Seiki to showcase advanced mobility technologies at CeBIT trade fair
    Toyota Motor and one of its key suppliers Aisin Seiki, will showcase their advanced mobility technologies at CeBIT 2017, which is scheduled be held from 20 to 24 March in Hannover, Germany, the company said in a press release. Toyota will demonstrate its next-generation mobility sharing system Ha:Mo and its urban mobility concept i-Road. Aisin Seiki will showcase its personal mobility concept dubbed ILY-Ai, an automated parking system called Remote Parking, Unconscious Driver Support System, and...
    News
    Aisin Seiki’s nine months net income up 29.4% y/y to USD810.7 million
    Aisin Seiki’s net profit jumped 29.4% year-over-year (y/y) to JPY94.6 billion (USD810.7 million, 31 December 2016) in the first nine months ended 31 December 2016, driven primarily by an 8.2% y/y increase in revenue to JPY2.6 trillion, the Japanese supplier said in a press release. Higher revenue also helped the Japanese supplier to record a 16.7% y/y growth in operating profit to JPY162.2 billion. During the first nine months, Aisin reported 4% y/y increase in sales to Toyota Group, its bi...
    News
    NAIAS 2017: Aisin unveils new transmissions
    Japanese automotive supplier Aisin Group has unveiled three new transmissions North American International Auto Show (NAIAS) in Detroit, Michigan (United States), including THS II RWD, a rear-wheel drive (RWD) hybrid transmission; an eight-speed automatic transmission and a 10-speed RWD automatic transmission. The company also showcased its electronic stability control (ESC) systems, a smart device for fully unmanned "Automated Valet Parking" with vehicle control and vehicle-to-infrastructure...
    News
    Aisin Seiki announces repurchase of shares of common stock
    Aisin Seiki has announced repurchase of its own shares based on Article 156 of the Companies Act (Japan), the company said in a press release last week (2 December). The company repurchased 6,103,000 shares of common stock worth JPY28.7 billion (USD251 million as on 2 December 2016). Aisin Seiki’s net profit jumped 45.8% year-over-year (y/y) to JPY54.8 billion (USD540.6 million as on 30 September 2016) in the first half (H1) ended 30 September 2016, driven primarily by an 8.6% y/y increase ...
    News
    Aisin Seiki’s H1 net income up 45.8% y/y to USD540.6 million
    Aisin Seiki’s net profit jumped 45.8% year-over-year (y/y) to JPY54.8 billion (USD540.6 million as on 30 September 2016) in the first half (H1) ended 30 September 2016, driven primarily by an 8.6% y/y increase in revenue to JPY1.7 trillion, the Japanese supplier said in a press release.  Higher sales also helped the Japanese supplier record a 23.3% y/y growth in operating profit to JPY94.8 billion. During the first half, Aisin reported 5% y/y increase in sales to Toyota Group, its bigg...
    News
    Aisin Seiki, three other suppliers agree to pay fine over price-fixing in US
    Four auto parts suppliers, including three Japanese (Aisin Seiki, G.S. Electech and Tokai Rika) and one German (Schaeffler) have agreed to pay USD30 million in consumer settlements, with one paying an additional USD5.9 million to US dealerships to settle class-action lawsuits in price-fixing probe, reports Automotive News. Aisin Seiki has agreed to pay USD24.5 million in settlements, which includes USD18.6 million to US consumers and USD5.9 million to dealerships. The plaintiffs accused supplier...
    News
    Aisin Seiki’s Q1 net profit up 92.8% y/y to USD407.5 million
    Aisin Seiki’s net profit jumped 92.8% year-over-year (y/y) to JPY41.8 billion (USD407.5 million) in the first quarter ended 30 June 2016, driven primarily by an 8.8% y/y increase in revenue to JPY838.7 billion (USD8.2 billion), the Japanese supplier said in a press release.  Higher sales also helped the Japanese supplier to record 77.9% y/y growth in operating profit to JPY59 billion (USD575.1 million). During the first quarter, Aisin reported 6.6% y/y increase in sales to Toyota Group...
    News
    Toyota reports 11% y/y surge in May global production
    Toyota's group-wide global vehicle production, covering the Toyota, Daihatsu, and Hino brands, rose 11.0% year on year (y/y) to 837,229 units during May. According to data released by the automaker, year-to-date (YTD) global production now totals nearly 4.11 million units, a 0.2% y/y decline. On a unit basis, worldwide output of the Toyota brand grew 11.8% y/y to 750,450 units during May. The Group's other two subsidiaries also posted growth in the month: Daihatsu Motors' output was up by 5...
    News
    EDITORIAL – Toyota keiretsu suppliers expect lower sales in FY 2016/17
    Six core Toyota group companies, including Denso, JTEKT, Toyota Boshoku, Toyota Industries, Toyoda Gosei and Toyota Tsusho, are expecting a decline in net sales in the financial year ending 31 March 2017 (FY 2016/17) citing stronger yen and economic slowdowns in emerging markets as the major reasons. For the current financial year, Denso expects a 0.5% y/y decline in net sales to JPY4.5 trillion, JTEKT expects net sales to fall 7.1% y/y to JPY1.3 trillion, Toyota Industries forecasts net sales t...
    News
    Toyota again forced to halt two assembly lines in Japan
    Toyota has today (3 June) suspended production at its two domestic vehicle assembly lines, after they were affected by a parts shortage due to an explosion at supplier's plant, reports Reuters. The announcement of the halt came soon after the automaker announced yesterday that it has resumed production at all its production lines. The automaker has suspended the first shift on one line at the Kanto Higashi Fuji plant and one line at Daihatsu's Kyoto plant.   Significance: The exp...
    News
    Toyota restarts domestic production lines; Suzuki halts operations at three plants after blast at supplier
    Toyota has restarted operations at all its domestic vehicle assembly lines from today (2 June), after they were affected by a parts shortage due to an explosion on 30 May at the Kariya plant of auto parts supplier ADVICS, a subsidiary of Aisin Seiki. Toyota suspended production on some lines between 31 May and 1 June. Meanwhile, Suzuki has announced today it will suspend production at three domestic plants in eastern Japan over the same supply disruption. The three plants are expected to re...
    News
    Toyota halts output at 14 domestic production lines after explosion at supplier
    Toyota has suspended 14 production lines at nine of its plants in Japan due to potential parts shortages following an explosion at one of its brake parts suppliers earlier this week. The nine plants are located across Aichi Prefecture, Kyoto Prefecture, Osaka Prefecture and Fukuoka Prefecture, according to a news report by Xinhua News Agency. The explosion occurred at Aisin Seiki-owned auto parts supplier Advics's Kariya plant, which is located in central Japan's Aichi prefecture near one of the...
    News
    Japanese vehicle output slides 9.7% y/y during April.
    Overall Japanese vehicle output, comprising passenger cars, trucks and buses, reached 643,901 units during April, according to the figures released by the Japan Automobile Manufacturers' Association (JAMA). This is a 9.7% year-on-year (y/y) decline from 713,240 units sold in April 2015. As the largest category, passenger car output reached 546,397 units, down 7.7% y/y, followed by production of trucks and buses, which reached 88,342 units (down 18.95 y/y) and 9,162 units (down 24.2% y/y), respec...
    News
    ADVICS reports explosion at Kariya plant in Japan
    Japanese auto parts supplier ADVICS has reported an explosion at its Kariya plant in central Japan's Aichi prefecture on Monday (30 May), reports Reuters. The explosion occurred near one of the painting lines of the plant. ADVICS is assessing the extent of damages caused by the explosion, according to the report. The explosion caused injury to four people. Significance: ADVICS is majority owned by Aisin Seiki, a Toyota group supplier, and operates two production plants in central Japan, loca...
    News
    Toyota Group posts global output down 6.5% y/y in April, to issue bonds worth JPY60 billion
    Toyota Group, including brands Toyota, Daihatsu, and Hino, recorded a 6.5% year-on-year (y/y) decline in its global vehicle output to 753,633 units during April. According to a company press release, worldwide production of Toyota-branded vehicles declined 6.2% y/y to 668,837 units in the month, while Daihatsu and Hino posted declines of 9.4% y/y (to 71,061 units) and 5.8% y/y (to 13,735 units), respectively. By region, overseas output edged up 0.3% y/y to 495,246 units, but Japanese output slum...
    News
    Aisin releases earnings forecast for FY 2016/17
    Japanese supplier Aisin Seiki has released earnings forecast for fiscal year ending 31 March 2017, according to a company press release yesterday (26 May). The company expects net sales of JPY3.4 trillion, operating income of JPY175 billion and net income of JPY90 billion in FY 2016/17. Significance: Aisin did not reveal earnings forecast for FY 2016/17 at the time of disclosing full year results for FY 2015/16 in April this year. The company attributed the delay in releasing figures to diff...
    News
    Kyushu earthquake: Japanese production recovery to take nine months – forecast
    The aftermath of the Kyushu earthquake is dragging on and the time needed to recover lost production is extending as suppliers and OEMs struggle to find extra working days to make up for the lost time, according to IHS Automotive forecasting. Background The earthquakes that hit the southern Japanese city of Kumamoto in Kyushu prefecture during April affected a number of suppliers and automakers. Toyota was the most deeply affected, and although the company restarted production operations...
    News
    Aisin Seiki aims to double revenue in India by end-2018 – report
    Japanese supplier Aisin Seiki expects to double its revenue from India in the next three years, reports The Economic Times (ET). "Last year [2015], Aisin Seiki had revenue of Rs 300 crore (USD45.2 million). By 2018 end, we are looking to double the revenue," Hiroshi Shirai, deputy managing director, sales at Aisin Automotive Haryana, told ET in an interview. "This includes both the domestic and export revenues for the company," Shirai said.    Significance: Aisin Seiki, a Toy...
    News
    Toyota resumes production at all quake-affected assembly lines
    Toyota restarted production operations at all its remaining quake-affected assembly lines in Japan from today (6 May), reports Kyodo News. The automaker's lines were halted after two earthquakes hit the southern Japanese city of Kumamoto, in Kyushu prefecture, last month and disrupted key supply chains for the automaker. Five Toyota assembly lines in four domestic plants resumed operations from 25 April. Two lines resumed at the Tsutsumi plant, where Toyota produces Prius hybrid cars, and assemb...
    News
    Aisin Seiki’s net income up 25% y/y to USD862 million in FY 2015/16
    Aisin Seiki’s net income grew 25% year on year (y/y) to JPY96.9 billion (USD862.1 million, 31 March 2016) in the fiscal year ended 31 march 2016, according to a company press release. Net sales for the period stood at JPY3.2 trillion (USD28.8 billion), up 9.4% y/y. The company's operating income also increased, by 6.2% y/y, to JPY176.4 billion (USD1.6 billion). Aisin Seiki’s sales in Japan, its domestic market, increased 1.4% y/y to JPY1.8 trillion (USD16.2 billion). The company's sales ...
    News
    Japanese production recovers in aftermath of Kumamoto earthquake; IHS forecasts full recovery to take until Q4
    The earthquakes that hit the southern Japanese city of Kumamoto, in Kyushu prefecture, will continue to affect operations for several months at a number of manufacturers and suppliers, as the situation and short-, medium- and long-term picture becomes clearer. Toyota, the hardest hit of the OEMs, is beginning to recover and has already reopened a number of lines and pledged to resume production on all vehicle assembly lines in Japan after a scheduled holiday between 29 April and 5 May. The reope...
    News
    Toyota resumes assembly operations at four plants in Japan after earthquake
    Toyota resumed operations on five vehicle assembly lines at four domestic plants Monday (25 April) after announcing a temporary suspension as earthquakes disrupted supply chains in southern Japan, reports Kyodo News. Two lines restarted at the Tsutsumi plant, where Toyota makes Prius hybrid cars. Lines were also reactivated at Toyota Industries' Nagakusa plant in Obu, Aichi, Toyota Motor East Japan's Higashi Fuji plant in Susono, Shizuoka Prefecture, and Iwate plant in Kanegasaki, Iwate Prefectu...
    News
    EDITORIAL - Supply-chain recovery will be key in how Kyushu earthquake will affect the Japanese automotive industry
    Two powerful earthquakes hit the southwestern island of Kyushu on 14 and 16 April, causing domestic production shutdowns at key Japanese automakers including Mitsubishi, Nissan, and Toyota. Component shortages have been cited as one of the main reasons behind these shutdowns. According to official announcements and IHS Automotive research, we expect the situation at suppliers Aisin Seiki and Renesas to be key to how quickly normal operations resume in the industry. Most of the automakers in ...
    News
    Aisin Seiki imports door parts to meet shortage in Japan
    Japanese component supplier Aisin Seiki has started importing door parts from its Chinese and Mexican plants in order to meet a parts shortage in Japan on account of the recent earthquakes, reports the Nikkei. Aisin Seiki manufactures several parts for doors and engines at its factories in Kumamoto, which is operated by subsidiary Aisin Kyushu. The supplier will import door checks – a component that keeps an opened door in place instead of slamming shut under its own weight. Meanwhile, Aisin i...
    News
    Kyushu earthquake: The immediate impact on the Japanese automotive industry
    The large earthquakes that occurred on 14 and 16 April affecting the southern Japanese city of Kumamoto have disrupted the domestic automotive industry and caused production interruptions at a number of component and OEM manufacturers based in the affected region, with Toyota worst hit. According to official announcements and IHS Automotive research, we expect the situation at suppliers Aisin Seiki and Renesas to be key to how quickly normal operations resume in the industry. Aisin Seiki pro...
    News
    Toyota Boshoku, Denso to showcase automotive products at 2016 Auto China show
    Japanese suppliers Toyota Boshoku and Denso will showcase their products at the 14th Beijing International Automobile Exhibition 2016 being held in Beijing, China, from 25 April to 4 May. Toyota Boshoku China will exhibit a new type of seat developed for the Toyota Prius. The company says the new seat uses a newly developed seat frame based on the Toyota New Global Architecture concept. Toyota Boshoku will also showcase a sports seat that uses ‘Foam in Place Method’, which is installed in th...
    News
    Earthquakes hit output at automakers and suppliers in Japan
    Two earthquakes have hit output at several automakers and suppliers in Japan, interrupting production largely due to a lack of parts, reports Automotive News. Japan's leading automaker, Toyota, including subsidiary Daihatsu, announced yesterday (17 April) plans to suspend domestic vehicle assembly operations at its plants in stages between 18 and 23 April. The automaker will decide when to restart domestic operations according to the availability of parts. Mitsubishi announced plans to halt oper...
    News
    Continental supplies engine management systems for Mahindra KUV1OO’s gasoline engine
    Continental is supplying complete engine management system (EMS) to mFalcon gasoline engine that is powering new Mahinda & Mahindra KUV1OO, reports Autocar Professional. The EMS components supplied by the German supplier include electronic control units (ECUs), injectors, fuel rail, and electronic throttle control as well as knock, temperature, cam and crank and temperature manifold absolute pressure (TMAP) sensors. Continental is also supplying fuel supply systems, wheel speed sensors and i...
    News
    ADVICS to raise capital through share sale to boost capacity – report
    ADVICS, a Toyota Motor group company specialising in braking systems, plans to raise capital to boost its production capacity, reports Nikkei Asian Review. According to the report, the company intends to issue more than JPY10 billion (USD90.7 million, 7 April 2016) in new shares to procure funds for investment in plant and equipment. The new shares will be sold directly to existing shareholders, Nikkei reported, with Aisin remaining the majority stakeholder, and Denso gaining the power to veto m...
    News
    Shifting Horizon
    We have to create new products because some of our current products won’t give us bread and butter in the future,” said Yasumori Ihara, president of Aisin Seiki at 2015 Tokyo Motor Show held in Japan. Aisin Seiki is one of the major suppliers to Toyota and develops components such as engine parts and transmissions. Ihara’s comments were with reference to Toyota’s ambitious goal of selling around 900,000 fuel cell electric vehicles (FCEVs), plug-in hybrids (PHEVs) and elec...
    Insights
    Aisin Seiki’s net income up 26% y/y to USD599.3 million in April-December 2015
    Aisin Seiki’s net income grew 26.3% year on year (y/y) to JPY72.2 billion (USD599.3 million, 31 December 2015) in April-December 2015, according to a company press release. Net sales for the period stood at JPY2.4 trillion (USD19.9 billion), up 9.7% y/y. The company's operating income also increased 7.5% y/y to JPY124.2 billion (USD1.03 billion). Aisin Seiki’s sales in Japan, its domestic market, increased marginally (0.6% y/y) to JPY1.35 trillion (USD11.2 billion). The company's sales i...
    News
    Mahindra & Mahindra (M&M) open to making small size engines
    India’s leading utility vehicle manufacturer Mahindra & Mahindra (M&M) is open to building small-size engines, reports Business Standard. The company recently launched all-new KUV 100 compact sport utility vehicle (SUV) which is powered by 1.2L gasoline (petrol) and diesel engines, which is nearly half of its other engines measuring 2.2L and 2.5L in cubic capacity diesel engines featuring in Bolero, Xylo, Scorpio and XUV500. However, when asked if the automaker is willing to build engi...
    News
    Aisin Seiki to showcase automatic transmissions at 2016 NAIAS
    Aisin Seiki and Aisin AW will jointly showcase a wide range of automatic transmissions at the 2016 North American International Auto Show (NAIAS), to be held at the COBO Center in Detroit, United States from 16-24 January, says a company press release. The company will exhibit fuel-efficient FR 8-speed automatic transmissions, which the company claims to be as compact as 6-speed automatic transmission, while achieving speeds of 8-speed transmissions. Additionally, Aisin Seiki will be demonstrati...
    News
    Mahindra & Mahindra (M&M) launches automatic transmission in XUV500 SUV
    Mahindra & Mahindra (M&M) has introduced an automatic transmission in its popular XUV500 sport utility vehicle (SUV). The 6-speed torque converter transmission is sourced from Aisin Seiki, reports Autocar India. The automaker has introduced the transmission option in three trim levels of the vehicle: the W8 FWD, W10 FWD (front-wheel drive), and W10 AWD (all-wheel drive). Models with the automatic transmission are priced between INR1.55 million (USD23,355) and INR1.74 million in New Delhi...
    News
    Aisin Seiki’s H1 net income up 3.3% y/y to USD316 mil.
    For the first half ending 30 September 2015, Aisin Seiki’s net profit went up 3.3% year on year (y/y) to JPY37.8 billion (USD316.1 billion, 30 September 2015), according to a press release. Net sales for the period stood at JPY1.55 trillion, up 8.7% y/y. The company's operating income grew 4.3% y/y to JPY73.5 billion. Aisin Seiki’s sales in Japan, its domestic market, declined 2% y/y to JPY876 billion. However, the company's sales in North America increased by 23.4% y/y to JPY281.4 billi...
    News
    Jatco, Nissan develop new CVT for FWD compact cars
    Jatco and Nissan have jointly developed a new continuously variable transmission (CVT) CVT7 W/R (wide range) for front-wheel-drive (FWD) compact cars, according to a press release. The new CVT is based on Jatco’s CVT7, the world’s first CVT with an auxiliary gearbox, which was introduced in 2009. It is designed to offer improved driving performance and better fuel efficiency in internal combustion engines. The new CVT makes use of technologies including active slip control, which helps to pr...
    News
    Suppliers to the new Renault Talisman
    If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail james.clark@ihs.com.This cutaway represents a subset of the European and NAFTA supply base information held in the SupplierBusiness Who Supplies Whom Database. Please click here for more information on this product.
    Insights
    Toyota and Aisin Seiki to consolidate group's manual transmission production
    Toyota Motor Corporation (TMC) and Aisin Seiki have signed an agreement to consolidate the Toyota Group's manual transmission production and development, according to a company press release. Under the agreement, the development of manual transmissions for mass-produced vehicles will be consolidated at Aisin AI, Aisin Seiki's subsidiary, by the end of 2016. In addition, Toyota's domestic manual transmission production operations will be transferred to Aisin AI's plant in Japan in February 2016. ...
    News
    Toyota's key suppliers to supply new technologies for Toyota’s TNGA vehicle platform - report
    Toyota’s key suppliers including Denso, Aisin Seiki, JTEKT and Advics will supply advanced technologies as early as next year, reports Automotive News. The new systems including Aisin Seiki’s direct-shift automatic transmission, Advic’s regenerative brakes, Denso’s heat and cold storage systems, and JTEKT’s steer-by-wire will be linked to Toyota's commonised vehicle platform called Toyota New Global Architecture (TNGA). Aisin Seiki will supply a new automatic transmission featuring...
    News
    EDITORIAL – Tougher quarter for automotive suppliers as automakers struggle
    OEMs and suppliers have been releasing financial details for the quarter this week. Here are the highlights from the last week: Aisin Seiki’s net profit declined 6.3% year on year (y/y) to JPY22.3 billion (USD182 billion, 30 June 2015) in the first quarter of fiscal year (FY) 2015/16. Net sales for the period stood at JPY771.7 billion (USD6.3 billion), up 9.2% y/y. Despite higher sales, operating income fell 12% y/y to JPY33.8 billion (USD276 million). Aisin Seiki attributed increase in sa...
    News
    Aisin Seiki’s Q1 net profit down 6.3% y/y to USD182 million
    Japan-based automotive components supplier Aisin Seiki last week (31 July) announced its financial results for the first quarter ended 30 June 2015. According to a company press release, Aisin Seiki’s net profit declined 6.3% year on year (y/y) to JPY22.3 billion (USD182 billion, 30 June 2015) in the first quarter of fiscal year (FY) 2015/16. Net sales for the period stood at JPY771.7 billion (USD6.3 billion), up 9.2% y/y. Despite higher sales, operating income fell 12% y/y to JPY33.8 billion ...
    News
    Aisin Seiki president plans to make company more competitive – report
    Aisin Seiki’s new president Yasumori Ihara wants to make the company more competitive to deal with challenges, reports Bloomberg. By the end of this year, Ihara plans to decide on the ways to better organise Japan’s second largest automotive supplier and its 180 subsidiaries, which make diverse auto parts varying from brake, chassis, engine, transmission to body parts.    Ihara worked at Toyota as vice-president for emerging market before becoming president at Aisin Seiki last...
    News
    Suppliers to the new Renault Espace
    If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail james.clark@ihs.com. This cutaway represents a subset of the European and NAFTA supply base information held in the SupplierBusiness Who Supplies Whom Database. Please click here for more information on this product.
    Insights
    Toyota Boshoku’s net income down 58.7% y/y to USD43.4 million in FY 2014/15
    Toyota Boshoku’s net income fell 58.7% y/y to JPY5.2 billion (USD43.4 million) from JPY12.6 billion (USD122.3 million) in the financial year ended 31 March 2015. Net sales during the year increased 7.1% y/y to JPY1.3 trillion (USD10.9 billion), driving a 12.4% y/y growth in operating income to JPY32.3 billion (USD270.7 million). Geographically, Toyota Boshoku’s sales in Japan jumped 2.6% y/y to JPY678.8 billion (USD5.7 billion) in FY 2014/15. Sales in Asia and Oceania were down 3% y/y to...
    News
    Aisin Seiki’s net income down 14.2% y/y to USD646.2 million in FY2014/15
    Japan-based automotive components supplier Aisin Seiki has reported results for the fiscal year (FY) ended 31 March 2015. According to a company press release, Aisin’s net income declined 14.2% year-on-year (y/y) to JPY77.3 billion (USD646.2 million, 31 March 2015). The company’s operating income also declined 3.2% y/y to JPY165.7 billion (USD1.4 billion). Aisin reported decline in profit despite 5% y/y increase in net sales to JPY2.9 trillion (USD24.7 billion). Aisin’s sales in Japan ...
    News
    Aisin AW, Nippon Sheet Glass (NSG), GKN announce senior management changes
    Aisin AW, Nippon Sheet Glass (NSG) and GKN have made changes to its senior management team, according to company press releases. Aisin AW has appointed Masato Shimei, Yoshinari Kuwayama and Yasunari Nakamura as senior managing officers. Toru Shimizu, Kyomi Morimoto and Tatsuya Iwatsuki will assume the role of managing officer. In addition, two current managing officers – Kiyotaka Uchida and Hiroshi Maekawa will retire from their position. All these changes are effective from 1 April 2015. ...
    News
    Aisin Seiki appoints Yasumori Ihara as president
    Aisin Seiki has appointed Yasumori Ihara as president, replacing Fumio Fujimori, according to a company press release. Prior to this new role, Ihara served as an executive vice-president of Toyota Motor. Fujimori will assume the role of vice chairman. Additionally, Toshiyuki Mizushima has resigned from the post of executive vice-president.
    News
    Suppliers to the new Smart ForFour
    If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail james.clark@ihs.com. The 2015 Smart ForFour marks Daimler's return to the affordable family hatchback segment. Following poor sales, the production of the first-generation model was axed by the automaker in 2006, after only two years in production. The FourFour’s running gear is identical to its smaller sibling, the ForTwo and is assem...
    Insights
    Japanese OEMs and suppliers’ production strategy
    Japanese automakers have long used Japan as an export base to meet demand in international markets, but the appreciation of yen against the US dollar and euro, especially between 2007 and 2012, forced many Japanese automakers to reduce dependence on domestic production for exports and invest in overseas production facilities. The twin disasters (earthquake and tsunami) in March 2011, which heavily disrupted automotive exports from Japan for some months, also forced Japanese automakers to intensi...
    Insights
    Clarion, Toyoda Gosei, Toyota Boshoku report decline in net income in first nine months of FY 2014/15
    Three Japanese suppliers, Clarion, Toyoda Gosei and Toyota Boshoku, have reported a decline in net income in the first nine months of FY2014/15 ended 31 December 2104, according to their filings with Tokyo Stock Exchange. Clarion’s net income declined 20.3% year-on-year (y/y) to JPY1.14 billion (USD7.7 million, 31 December 2014), while operating income was up 10.1% y/y to JPY3.4 billion (USD23.3 million). Net sales for the period increased 3% y/y to JPY144.3 billion (USD989.6 million). Toy...
    News
    Aisin Seiki’s net income declines 21% y/y to USD476.6 million in first nine months of FY2014/15
    Aisin Seiki’s net income declined 21% year-on-year (y/y) to JPY57.2 billion (USD476.6 million, 31 December 2014) in the first nine months ended 31 December 2014, according to a company press release today. Net sales for the period increased 4.3% y/y to JPY2.2 trillion (USD18.2 billion). Despite increased sales, operating income declined 11% y/y to JPY115.5 billion (USD963.2 million). Geographically, sales in Japan increased marginally to JPY1.3 trillion (USD11.2 billion) driven by increase...
    News
    Aisin Seiki displays new products at 2015 NAIAS
    Aisin Seiki has displayed new products at the 2015 North America International Auto Show (NAIAS), Detroit, United States from 12-25 January 2015, according to a company press release. With regard to safety, the company showcased a simulator and seating sensor for safer driving, while on the theme of comfort and convenience, Aisin displayed sunroof, power seat and rear through monitor.   Sunroof using glass, Source: Aisin Seiki Website Rear through monitor, Source: Aisin...
    News
    CES: QNX and ecosystem members demonstrate automotive systems running on the QNX platform
    QNX is demonstrating systems running on the QNX platform along with members of the QNX automotive ecosystem including Aisin, HI Corporation, Intel, NVIDIA, Qualcomm, and Texas Instruments.  Aisin AW will present its 3D navigation solution, running on the QNX CAR Platform for Infotainment. HI Corporation will present a digital instrument cluster created with its exbeans UI Conductor user-interface authoring tool and running on the QNX Neutrino OS. Intel will showcase the QNX CAR Platfor...
    News
    EDITORIAL – SupplierBusiness’ most read articles in 2014
    January – Future demand for manual transmissions IHS Automotive took an in depth look at the manual transmission market and where it is heading. Though the technology is at a high state of development, there are still new elements being added. Six is expected to be the ideal number of speeds for manual transmission going forward. February – Continental retunes its powertrain strategy Continental splits its Strategy and Technology department two separate entities, in a bid to foc...
    Insights
    Toyota Boshoku to acquire mechanical seat frame component business from Aisin Seiki, Shiroki
    Toyota Boshoku will acquire mechanical seat frame components business operated by Aisin Seiki and Shiroki, the company said in a press release on 19 December. The partners have signed an agreement under which Aisin Seiki and Shiroki will transfer their mechanical seat frame components business to Toyota Boshoku. The transfer will be executed in stages to create an integrated system from development through production and the business is expected to be consolidated by the end of 2015. The details...
    News
    Toyota consolidates seat production
    Toyota has announced that it will consolidate the seat manufacturing operations of its four units under one umbrella by 2016. According to a report by the Nikkei, Aisin Seiki, Shiroki and Toyota Auto Body, which currently make electric components, seat recliners, and seat frames respectively, are expected to merge these operations with Toyota Boshoku. Separately, Toyota announced organisational changes that will take effect from January 2015, according to a company press release. The unit manage...
    News
    New technologies could overhaul the established order in automotive seating
    The fitment rates for various seat features such as powered and memory functions, lumbar support and massage have been increasing and will continue to do so as vehicle interiors become “smarter”. Much of the technology in today’s seats is electric or electronically driven and can be remotely controlled via links on the dashboard or controllers located throughout the vehicle. This has led to a change in the supplier structure for some of the components that go to make up complete seating sy...
    Insights
    Toyota plans to consolidate group's brake system, diesel engine, and transmission production
    Toyota and its group companies Aisin Seiki and Denso plan to accelerate the consolidation of brake system engineering, manufacturing and sales under the control of Advics to further strengthen the competitiveness of Toyota's brake system business, reports a company release. Moreover according to company press release, Toyota Industries Corporation (TICO) and Toyota Motor Corporation (TMC) will consolidate their joint diesel engine development and production under the control of TICO. In addition...
    News
    Relations between suppliers and OEMs deteriorate as pressure increases to tighten purchasing costs
    Heightened friction between OEMs and suppliers on cost reduction matters is the main factor behind the deterioration of relations between automakers and suppliers globally in 2014, according to suppliers who took part in the annual Global OEM-Supplier Relations Study conducted by IHS Automotive. The unique global survey allows automotive suppliers to rate carmakers on a variety of matters, including technology sourcing, profit-impacting factors, quality management and intellectual property prote...
    Insights
    Aisin Seiki pleads guilty in US antitrust probe
    The US Justice Department (DOJ) announced that Japanese auto supplier Aisin Seiki has agreed to plead guilty and pay USD35.8 million criminal fine over an antitrust allegation. The DOJ said the agreement was over Aisin’s role in a conspiracy to allocate customers of variable valve timing devices, and is only the latest in a string of prosecutions that are the result of the largest antitrust investigation in US history, according to Automotive News. The one-count felony charge says that Aisin c...
    News
    Aisin Seiki’s H1 net income drops 25.4% y/y to USD334.4 million
    Aisin Seiki has reported a 25.4% year on year (y/y) decline in net income to JPY36.6 billion (USD334.4 million, 30 September 2014) for the first half ended 30 September 2014. Operating income went down 18.2% y/y to JPY70.5 billion (USD644.1 million). Aisin Seiki attributed the decline in operating income and net income to rise in depreciation and research and development costs associated with the increase in investment on establishing global business bases. Net sales increased 3.4% y/y to J...
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