BREAKING: FBI Raids Toyota Suppliers
The FBI is confirming raids at the offices of three Michigan auto suppliers who do work for Toyota.
Search warrants were served Tuesday evening at Yazaki North America, DENSO International and Tokai Rika. Yazaki sells electronic components and DENSO makes accelerator pedals.
Law enforcement sources say the raids are part of an ongoing anti-trust investigation of the companies. They say this is not a criminal investigation and not related to the current acceleration problems. Department of Justice spokesperson Gina Talamona said “The Antitrust Division is investigating the possibility of anti-competitive cartel conduct of automotive electronic components suppliers. We are coordinating with the European Commission and other foreign competition authorities.”
DENSO has released the following statement about the situation “DENSO International America, Inc. (DIAM), U.S. subsidiary of DENSO Corporation, was inspected on February 23, 2010 by the U.S. Federal Bureau of Investigation and the U.S. Department of Justi