Market Chatter: Toyota Motor Estimates $6.33 Billion in Annual Costs for Factory Automation

05:59 AM EDT, 09/18/2026 (MT Newswires) -- Toyota Motor (TM) estimates that its planned factory modernization could cost 1 trillion Japanese yen ($6.33 billion) annually from 2028, Reuters reported Friday. The estimated budget covers automation and robotics deployment for Toyota group and major suppliers, according to the report. The automaker told investors that automation at its factories would require about 400,000 robots, the news agency reported. Toyota discussed the potential investment earlier this month, but did not provide a timeline or other details, Reuters reported. The company didn't immediately respond to MT Newswires' request for a comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)