According to Wikipedia:
Aiwa (アイワ?), registered as Aiwa Corp., is a consumer electronics company owned by Chicago-based Joe Born since 2015. Aiwa was originally a Japanese company founded in 1951, and was once a globally well-regarded brand known for making quality audio products, such as speakers, boomboxes and stereo systems.[1] It was the market leader in several product categories. Aiwa created the first cassette tape recorder in 1964.[2] The company was listed on the Tokyo Stock Exchange from October 1961 until September 2002.
The company went into the red in the late 1990s, and was fully bought by Sony in 2002. Aiwa was then rebranded as a new youth-focused division of Sony, but it was unsuccessful and the brand was discontinued by 2006. In 2015, an American audio company known as Hale Devices, Inc. was granted the rights to the iconic brand name, with the company renaming itself to Aiwa Corporation and starting to produce audio equipment.[3]
interesting that another defunct, or recycled, Japanese brand name from back in the day should surface today. I was looking at used equipment and saw a bunch of Sansui pieces I used to own back in the day. I always wondered what happened to Sansui as they made some good stuff way back when. It appears that Sansui too bit the dust, went out of business, but sold their brand name on the way out to others to use and misuse. Audio is a tough business I would guess because Joe and Jane Consumer are fickle and easily chase trends.
Anyway, I didn't mean to hijack the thread with a discussion of failing Japanese brands. We can return control of the thread back to wiring speakers
