Mazda Motor began as the Toyo Cork Kogyo Co., Ltd, founded in Japan in 1920. Toyo Kogyo moved from manufacturing machine tools to vehicles, with the introduction of the Mazda-Go in 1931. The company formally adopted the Mazda name in 1984, though every automobile sold from the beginning bore that name. The first four-wheel car, the Mazda R360 was introduced in 1960, followed by the Mazda Carol in 1962. The Ford Motor Company has owned 25% of Mazda since 1979, and its stake was increased to a 33% controlling interest in 1996 when Mazda fell into financial crisis. Ford has based many of its models on Mazdas, such as the Probe, late model (North American) Escort and Mercury Tracer, and the co-developed Escape/Mazda Tribute. The 1979 deal paved way for Ford selling badge-engineered Mazdas in Asia and Australia, such as the Laser and Telstar. These models replaced the models from Ford Europe sold throughout the 1970s. Ford also used the Mazda models to establish its own retail presence in Japan - the Autorama dealers sold these cars, plus the occasional Ford US and Ford Europe models. The badge-engineered models came to an end in the early 2000s, as Ford replaced the Laser with its own Focus, and Telstar with its own Mondeo. Ford and Mazda have moved onto collaboration in a more fundamental sense, by way of platform sharing. 1920 1920* Toyo Cork Kogyo Co., Ltd is founded in Hiroshima, Japan. 1921* Jujiro Matsuda becomes president. 1927* Company becomes Toyo Kogyo Co., Ltd. 1929* Manufacturing of Toyo machine tools begins. 1931* Three-wheel truck production starts. 1932* Begins export with 3-wheel trucks for China. 1935* Production of rock drills and gauge blocks begins. 1945* (Atomic bomb dropped on Hiroshima)(End of World War II) * Mazda loans part of headquarters' building to Hiroshima prefecture and all functions of the prefecture office are transferred there.(until July '46). 1949* 3-wheeled truck exports restart (India). 1967* Full-scale export to the European market starts. * Establishes sales company in Australia. * Introduces Mazda Cosmo Sports (110S), Mazdaâ