Such operations, take over and acquisition played a quantity one role in enabling the company to control a major market in the vehicle trade. The name of the company changed to Toyota Industries Corporation in 2001 whereas the corporate commenced the manufacturing of AZ gasoline engine production in 2002. Another important institution launched by the corporate in 2002 is the introduction of Advanced Logistics Solutions Co Ltd to plan distribution systems and function distribution centres for Toyota . The background of Toyota dates back to 1926 when the corporate was formed by Sakichi Toyoda to fabricate and promote automated looms which the owner invented and perfected. The company targeted on innovation and differentiation to provide and sell automobiles. In 1935, the company developed a prototype of the A1 model and unveiled the model G1 truck at a new automobile exhibition in Tokyo.