Toyota Subpoeanaed by Federal Grand Jury
Updated from 4:42 a.m. EDT
TOKYO (
) --
Toyota
(TM) - Get Report
has been subpoenaed by a federal grand jury in New York to turn over documents related to steering problems in some of its cars.
Toyota, in a statement Tuesday, said it would cooperate with the probe.
Toyota, the world's No. 1 automaker, said the subpoena was issued in late June. Toyota said it was its second subpoena from a federal grand jury.
Toyota said the grand jury didn't specify the models of vehicles in the subpoena. The subpoeana specifically relates to steering relay rods.
-- Reported by Joseph Woelfel in New York.
Get more stock ideas and investing advice on our sister site,
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.