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Toyota will switch production at a new Mexican plant from Corolla sedans to trucks and SUVs, following threats from US President Donald Trump.
Toyota has recalled almost 300,000 Hilux and Yaris cars sold in Australia because of separate safety issues.
Toyota will invest $123 million in manufacturing in Australia over the next five years with the help of the federal and Victorian governments.
Toyota will halt production at its only assembly plant in Venezuela because it lacks hard currency to import parts due to government controls.
Nearly 1.8 million Toyota vehicles are being recalled in the US, as part of broader global recall of 6.39 million vehicles.
Former president of Toyota Australia Dave Buttner has been named as Holden's new managing director.
Toyota chief executive Akio Toyoda has apologised to Congress and millions of American Toyota owners for safety lapses that led to deaths and vehicle recalls.
All in the name of Back To The Future Day.
Toyota's president of US operations apologised for the company's handling of safety issues on Tuesday while insisting that electronic problems did not contribute to sudden acceleration of its cars.
Toyota says it sold 10.23 million vehicles in 2014, retaining its crown as the world's top carmaker, edging out Volkswagen and General Motors.
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