TOYOTA said yesterday it had received a federal grand jury subpoena for documents related to unintended acceleration and braking that led to the recall of millions of cars in the United States.
Toyota and its subsidiaries received a subpoena from the attorney’s office for the southern district of New York on 8 February, the world’s biggest carmaker said in a statement.
The Japanese carmaker also said it had also been asked by the US Securities and Exchange Commission (SEC) for documents related to unintended acceleration of Toyota vehicles.
Toyota said it had received a request on 19 February to voluntarily submit certain documents from the Los Angeles office of the SEC. US unit Toyota Motor Sales USA separately received a subpoena for related documents, including ones about the company’s disclosure policies.
Toyota said both companies intend to cooperate with the investigations.
Toyota executives, along with officials from the US National Highway Traffic Safety Administration, are due to testify in congressional hearings starting today over a series of recalls related to unintended acceleration and braking.
Toyota’s top executive, the grandson of the company founder, is one executive preparing for a hearing on Capitol Hill
Akio Toyoda, who took the helm at the world number one carmaker last June, is scheduled to testify before the US House Oversight and Government Reform Committee tomorrow. Toyota has recalled more than 8.5m vehicles globally in recent months.
City A.M. Reporter