Jump to content
Create New...

FBI Raids Toyota Suppliers


Recommended Posts

The FBI raided the offices three suppliers of Toyota Motors (NYSE: TM) Tuesday evening to investigate deeper into the controversy around Toyota and it hiding its quality problems. Shares of Toyota are sliding off their highs on this news at it hits the presses in late day trading. Toyota's shares are still up 3.07% on the day to $73.75.

As we wrote yesterday, we feel that the bad news is just beginning for Toyota. Check out our 9 Reasons To Run From Toyota's Stock.

Toyota supplier Denso Corp. says the FBI and Department of Justice have raided its U.S. headquarters as part of an antitrust investigation.

Denso spokeswoman Julie Kerr says the supplier's office, located in Southfield, Mich., was raided on Tuesday. She says the company is cooperating with the investigation, but declined to offer details of what the government was looking for.

Kerr says the investigation is unrelated to Toyota's recent recalls. Denso is a major parts supplier for Toyota and is one of two suppliers of its gas pedals. While gas pedals from the other supplier were involved in Toyota's sticky accelerator recall, Denso's have not been implicated.

http://www.benzinga.com/markets/company-news/141448/fbi-raids-three-toyota-supplier-offices-in-detroit-tm

:hissyfit:

Edited by MRDETROITMETAL
Link to comment
Share on other sites

^ THAT is a Very Good Question !!

Today on Capitol Hill one of the Congressmen ( from Indiana, I think) showed "pedals", two different models, one made by CTS ( a USA Company) and the Other by Denso ( a Japanese Company).

The claim he made was that ALL of the deaths came from Toyo's equipped with the Denso pedals.

This is certianly NOT Over yet...far from it if there can be a link established between Toyota & Denso to conspire to control the supplier marketplace !

...which resulted in faulty parts and deaths.

Ohh, Boy...if that proves to be the case, the Shiz has yet to hit the fan !!.

Edited by MRDETROITMETAL
Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search

Change privacy settings