ANJO, Japan – In many ways, Aisin AW Co. Ltd.’s main competitor isn’t ZF Group, General Motors Corp.’s Powertrain Operations or even Japanese rival JATCO Corp. It is Toyota Motor Corp., Aisin AW’s main customer and second-largest shareholder. The supplier – owned 58% by Aisin Seiki Co. Ltd. and 42% by Toyota, produces all 6-speed automatic transmissions for the leading Japanese auto maker, as well as nearly 1 million units, mostly 5- and 6-speeds, for such prominent European vehicle ...

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