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 16,528.03 -114.98 -0.69%
Nasdaq 4,776.51 -51.82 -1.07%
S&P 500 1,972.18 -16.69 -0.84%
Treasuries 2.20 0.01 0.64%
Data as of 6:38am ET
Company Price Change % Change
Bank of America Corp... 16.34 -0.02 -0.12%
Freeport-McMoRan Inc... 10.64 0.14 1.33%
Apple Inc 112.76 -0.53 -0.47%
Intel Corp 28.54 0.12 0.42%
Ford Motor Co 13.87 0.13 0.95%
Data as of Aug 31
Sponsors

Sections

Blue Apron, Boxed, and Nature Box are worth an estimated $2.5 billion. Their co-founders all went to the same high school. More

How do you run a successful crowdfunding campaign? Indiegogo's CEO Slava Rubin offers his top tips and mistakes to avoid. More

Looking for something good on Netflix? These entertaining films will help you learn more about finance and investing. More