FBI Raid On Toyota Supplier Offices...

The FBI raided the offices of three suppliers of Toyota Motors (NYSE: TM) Tuesday evening to investigate deeper into the controversy around Toyota and the hiding of its quality problems. The FBI launched an anti-trust probe to get to the bottom of the issues at hand.

We are hearing from credible sources that at least one of the raids was conducted on the Southfield offices of Denso International North America. This is the head quarters of Denso's North American operations.

Although we have not heard more on other suppliers that may have been raided, other suppliers in the area include Tenneco, INc. (NYSE: TEN), ArvinMeritor, Inc. (NYSE: ARM) and BorgWarner Inc. (NYSE: BWA). There are many other suppliers in the area. So until there is any confirmation of exact locations of other two offices that were raided, we can only speculate to who else could be involved.

http://www.benzinga.com/markets/company-news/142024/fbi-raid-on-toyota-supplier-offices-updated-tm