Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Grand jury subpoenas Toyota

By Blake Ellis, staff reporter

NEW YORK (CNNMoney.com) -- Toyota Motor Corp. has been subpoenaed by a U.S. federal grand jury for documents related to steering problems in its vehicles, the automaker said Tuesday.

Toyota (TM) and its subsidiaries plan to cooperate with the investigation and are preparing a response, company spokesman Etienne Plas said Tuesday in an e-mailed statement.

The request for documents related to defective, broken or fractured steering relay rods was issued by a federal grand jury in New York on June 29, the spokesman said.

Models and production years of the vehicles involved were not specified.

The probe comes after the troubled automaker was subpoenaed in March for documents related to unintended acceleration of its vehicles and braking issues in the Toyota Prius.

Shares of Toyota were down about 1% in pre-market trading.  To top of page

Find Your Next Car
Index Last Change % Change
Dow 17,719.68 25.00 0.14%
Nasdaq 4,776.54 -2.71 -0.06%
S&P 500 2,070.93 0.16 0.01%
Treasuries 1.50 0.02 1.35%
Data as of 10:05am ET
Company Price Change % Change
Bank of America Corp... 13.24 0.05 0.38%
Citigroup Inc 42.47 0.35 0.83%
Huntington Bancshare... 8.83 0.32 3.73%
Ford Motor Co 12.34 -0.21 -1.67%
General Electric Co 30.87 0.32 1.05%
Data as of 9:50am ET


Amazon is doing a second Prime Day on July 12, despite consumer complaints about Prime Day last year, which saw record sales. More

Investors are already sifting through the Brexit market rubble for opportunities. Morgan Stanley compiled a list of highly-rated stocks that have limited or no direct exposure to the situation in the U.K. More

Google's offices in Madrid are being raided by police, a source familiar with the situation told CNNMoney. More