BANGKOK – A Thai court has issued a court summons for the president of the Thai unit of Japan’s Toyota Motor Corp., not an arrest warrant as reported by a local daily, over a legal dispute with a local dealership, sources close to Toyota said Saturday.
Earlier in the day, the Bangkok Post reported that the court in southern Krabi province issued an arrest warrant for Ryoichi Sasaki, president of Toyota Motor Thailand.
In a ruling dated Thursday, the court indicated that Sasaki had failed to follow previous court directives to fulfill car deliveries to Toyota Krabi, according to the report.
The dealership had alleged in its court filing that Toyota Motor Thailand had wrongfully terminated dealership contracts with Toyota Krabi, leading to business losses of 3 billion baht (about $76.6 million).
Sinprasert Saengsirattanakul, the owner of the dealership, filed a suit in Krabi and Samut Prakan seeking compensation for the losses.
Toyota Motor Thailand has since appointed a new dealership, Toyota Andaman Krabi, to serve the province, according to the report.
“Our loss is as much as 3 billion baht. Toyota Motor Thailand is to blame for the losses, since they didn’t send the cars to us for sale,” Sinprasert, also managing director of Toyota Krabi, was quoted as saying.