My experience in this sort of production stems from mechanical controls in the late '70s. They were mostly cable controls for boat steering and engine systems, and remote valve controls for mechanical diggers. There were lots of mass-produced cable-end components of various shapes along with 'hubs', which were specially-shaped tubular and often screw-adjustable outer sleeve ends. There were thousands of varieties.
We used mostly cam autos for the big batches – they tended to be profitable for annual quantities of more than 20,000. They were essentially small capstans with a slow-running circular cam driving the slides. To buy a set of cams – often with circular form tools for component shaping – was quite expensive, and setup was lengthy, but they'd kick out several parts per minute.
There's a video here:-
https://www.youtube.com/watch?v=Ec8zKfZ7M7M
…showing one running. You can see the cam controller circulating about 14 seconds in.
Smaller batches might use modified standard capstans with plugboard automation, and larger batches still would go onto multispindle autos like the Wickman, which had six revolving spindles like a Gatling gun, each doing a separate movement of the operation.
In the dial gauge industry where I was working in the late '80s, Swiss autos originally designed for the mechanical watch industry made many of the small turned piece parts.
Tooling up and setting both these and the cam autos was very much a specialist skilled job with corresponding pay rates.
Edited By Mick B1 on 03/09/2018 09:52:51