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The U.S. Department of Justice agrees to defer prosecution and dismiss its case as long as Toyota complies with all agreement terms, which include submitting to an independent monitor.
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The safety recall, due to begin this month, will address a potential problem with the third-row, middle seat belt assembly.
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Toyota has announced that it will be exporting U.S.-assembled Highlander SUV models to Australia and New Zealand.
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The recall involves about 700,000 2010-2014 MY Prius vehicles and about 300,000 RAV4, Tacoma and Lexus RX 350 vehicles in the U.S.
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Toyota Motor Corporation will end Australian vehicle and engine production by the end of 2017 due to an "extremely competitive market" and strong Australian dollar, following recent exits by General Motors and Ford.
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To compete against the Toyota Tacoma, Nissan Frontier and the more carlike Honda Ridgeline, GM plans to deliver class-leading power, payload and towing capacity with the 2015 Chevrolet Colorado.
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Because a certain material located between the seat covers fails to comply with federal safety standards, dealers must first replace the fabric with another before the vehicle can leave the lot.
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Toyota Motor Sales will produce a hydrogen fuel-cell electric car for the 2015 model year with a 300-mile range that will initially debut in California, the automaker announced at the Consumer Electronics Show.
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The automaker is reporting a 15% increase in retail sales compared to 2012, when it outsold Toyota by 329,677 vehicles in the U.S. Through November, Ford held a lead over Toyota of 396,041 vehicles sold.
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Toyota Ghana has unveiled a new Hino truck for the Ghanian market.
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