Toyota Receives Subpoenas From U.S. Grand Jury, SEC

Toyota Motor Corp. said Monday it has received subpoenas from a U.S. federal grand jury and the Securities and Exchange Commission, both requesting documents related to unintended acceleration of its vehicles and the braking system of its Prius hybrid.

The company's disclosure comes one day ahead of the start of congressional hearings into its handling of safety problems responsible for the recall of more than six million vehicles.

Toyota said it intends to cooperate with the investigations and is preparing its responses to the requests.

A person familiar with the matter said the securities-fraud unit of the U.S. attorney's office is handling the investigation but declined to say anything further.

The securities-fraud unit brings cases involving violations by public companies, including improper disclosures or misleading statements made to investors, among other things.

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