Toyota to Submit Report on Steering-Rod Problems
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Toyota Motor Corp., facing more than 325 U.S. lawsuits after recalling more than 8 million vehicles to fix defects, was ordered by a U.S. federal grand jury to submit a report on steering-rod problems.
Toyota announced the order in a statement today to the Tokyo Stock Exchange. “The company and our subsidiaries will cooperate with the investigation with sincerity,” Toyota said in the statement, without elaborating.