Toyota Motor Corporation

By John Terrett in Business on February 23rd, 2010
Photo from AFP

Excuse me but can this Toyota story get any more odd?

Monday began here in Washington DC with a radio report citing a Toyota memo that appeared to gloat that the company had saved one hundred million dollars by convincing US authorities to limit a vehicle recall three years ago.

By lunchtime, however, things had got far worse for the Japanese car giant when Toyota said it had received subpoenas from a US Federal Grand Jury, related to problems with acceleration and braking systems in Toyota cars.

In other words Toyota's widely reported safety issues were now being elevated to the level of a possible criminal investigation. It means someone from the firm's HQ will have to answer questions before a Federal Grand Jury about the unintended acceleration of some Toyota vehicles and the faulty breaking of the hybrid Prius.

Depending on the evidence criminal charges may follow.