Mazda

Mazda Motor Corporation (マツダ Matsuda) TYO: 7261 is a Japanese automobile maker based in Hiroshima, Japan. As of 2005, the company produces roughly 800,000 automobiles per year with sales evenly divided among Japan, Europe, and North America.

History

Mazda 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, although they produced weapons for the Japanese military throughout the Second World War. 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 33.4% 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.