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Akio Toyoda backs exec Julie Hamp after drug-related arrest

Akio Toyoda, president of the Japanese automaker that bears his name, is personally backing Julie Hamp, the American businesswoman who was hired to run Toyota's global PR and reports directly to him, after she was arrested by police in Tokyo for the illegal importation of drugs into Japan. "We are confident ... that once the investigation is complete, it will be revealed there was no intention on Julie's part to violate any law," Toyoda said in a news conference, adding that the automaker was fully cooperating with Japanese authorities. Investigators found 57 oxycodone pills in a package sent to Hamp, who claims she did not know the substance was illegal to import into Japan. According to Automotive News, citing Reuters, a lawyer in Japan who is not directly involved with the case claims Hemp could face years in prison if found guilty, after which she would be deported back to the US. News Source: Automotive News - sub. req.Image Credit: The Asahi Shimbun via Getty Government/Legal Toyota drugs julie hamp oxycodone

Toyota is world's top-selling automaker for second year in a row

Toyota is the top-selling automaker in the world. Again. Still. With total reported sales, including those from subsidiaries, of 9.98 million in 2013, Toyota's performance was enough to outpace rival General Motors by around 270,000 vehicles. That's a 2.4-percent gain over 2012, and it makes Toyota the top-seller two years in a row. Still, the gap between the top three is shrinking - Toyota held a 460,000-unit lead in 2012.
GM sold 9.71 million vehicles last year, a four-percent increase, coming in second place ahead of Volkswagen, which sold around 9.5 million. According to Bloomberg, Toyota CEO Akio Toyoda said his company managed to win the sales race while also remaining more profitable than GM or VW.
It's going to be another interesting year in 2014 as the three behemoth automakers vie for the title of World's Largest. Toyota has predicted that it will increase sales in 2014 to 10.32 million - which would make Toyota the first automaker ever to surpass 10 million global sales - though General Motors and VW are expected to again fight for the lead in the massive Chinese market. Stay tuned.

Toyota unintended acceleration lawsuit settled for $16M

Slowly, the many loose threads still dangling after the unintended acceleration issue Toyota faced a few years ago are being resolved. The Orange County District Attorney's office was believed to be the first DA's office to take Toyota to court, its suit alleging that Toyota knew its cars had defects and continued to sell them. The suit sought to "permanently enjoin Toyota from continued unlawful, unfair, deceptive, and fraudulent business practices as it pertains to both consumers and competitors" and asked for $2,500 "for every violation of the Unfair Business Practices Act," plus costs.
That suit has now been settled, Toyota - without admitting fault or wrongdoing - agreeing to pay $16 million to the county. Half of the money will go to the Orange County Gang Reduction Intervention Partnership, another four million dollars to the OC DA's office to investigate economic crime, the remaining four million being used to pay for the case.