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Toyota subpoenaed by federal grand jury
TOKYO (AP) — Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods that connect a vehicle’s steering system to its front wheels.
The world’s largest automaker, which is trying to repair a reputation damaged by recalls of millions of cars worldwide since October, said the federal grand jury issued the subpoena to its U.S. subsidiary in late June.
“The company and its subsidiary are sincerely cooperating with authorities on the probe,” Toyota said in a statement.
Toyota said the grand jury’s subpoena did not specify vehicle models and it was not clear that the subpoena was linked to the 2005 recall, which came several years before safety lapses erupted into a global recall crisis late last year.
The automaker has recalled more than 8.5 million vehicles worldwide since October, including 6 million in the U.S. alone, to address the possibility of unintended acceleration and to fix a braking problem in its Prius hybrid.
Toyota paid a record $16.4 million fine for being slow to recall vehicles with an accelerator pedal problem and is facing hundreds of state and federal lawsuits. Congress is considering an upgrade to auto safety laws in the aftermath of the Toyota recalls that began in October.
In Tokyo, Toyota shares fell 2.6 percent Tuesday to close at 3,055 yen before the subpoena announcement was made.
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