Toyota Expects Factory Automation to Cost $6.4 Billion
Toyota Motor estimates it could cost $6.4 billion every year from 2028 to modernize its factories worldwide, including the use of automation and robotics. The world’s biggest carmaker told investors it wants around 400,000 robots in its factories as a way to address the company’s aging infrastructure. Many of those robots will replace existing robots.Toyota did not specifically announce when the investments or changes would begin. Other carmakers are reportedly looking into similar investments to upgrade factory output. Business News Today – tEDmag
