Police have raided Toyota Motor Corp.’s headquarters in Toyota City, as well as its offices in Tokyo and Nagoya, following the arrest a senior American executive on suspicion of drug law violations.
Julie Hamp, Toyota’s newly appointed head of public relations, has been arrested on suspicion of importing a controlled substance into Japan.
Toyota President Akio Toyoda said last week that he believes Julie Hamp did not intend to violate the law.
It is unclear what authorities were looking for in the raid, which is common after an arrest.
Toyota spokesman Ryo Sakai told Reuters news agency that the company would not comment because an investigation is ongoing.
Julie Hamp is the highest ranking female executive in Toyota’s history.
She was arrested on June 18 on suspicion of importing oxycodone, a narcotic pain killer, into Japan. The substance is tightly controlled in the country.
Police said the drugs were in a parcel that Julie Hamp had posted to herself.
Julie Hamp told police she brought the drugs into Japan to help with pain in her knees, Kyodo News reported.
New car sales in the US posted the best month in more than four years, with Toyota Motor showing the biggest rise.
Toyota saw sales rise 42% in September. Honda reported a jump of 31%, while Chrysler sales increased 12%.
Analysts said buyers in the US were taking advantage of low interest rates and cheap financing.
The US car industry’s recovery has been a boon to the US economy in recent months.
Industry-wide sales were up 12.8% in September compared to a year earlier, to 1.19 million cars and light trucks.
Calculated on an annualized basis that is 14.94 million vehicles, the highest rate since March 2008 according to Autodata.
Analysts said the increased demand for passenger vehicles comes after consumers in the US delayed buying new cars during the recession which went on till 2009.
That pushed the age of vehicles on the road up, and now those consumers are looking for replacement cars.
“I think in general with the economy chugging along at about 1.5% to 2% that we are gradually seeing people come back,” said Ford chief economist Ellen Hughes-Cromwick.
Japanese carmakers continue to show the biggest gains as they rebound from a supply shortage caused by the earthquake and tsunami in March 2011.
This website has updated its privacy policy in compliance with EU GDPR 2016/679. Please read this to review the updates about which personal data we collect on our site. By continuing to use this site, you are agreeing to our updated policy. AcceptRejectRead More
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.