Cost Of Automation: Toyota Sees $6.4-Billion Annual Spend From 2028
Starting in 2028, Toyota Motor plans to invest roughly 1 trillion yen ($6.4 billion) per year into high-tech automation and robotics. The initiative is designed to counter Japan’s shrinking, ageing labour pool while overhauling ageing manufacturing infrastructure throughout its supplier network. Squeezed by factory obsolescence and hiring crunches, the auto industry is leaning heavily into…