MANY years ago a Japanese car manufacturer has a factory where gearbox assembly was automated. A human being loaded in the components, and another unloaded complete gearboxes at the other end.
Many years ago, Bosch EPVE injection pumps were assembled and set with similar minimal human intervention.
So the days of full employment in any car plant, and many others also, seem to be long gone.
The benefit of full automation and robotics, is complete consistency of the product. The disadvantage is that if anything is wrong, (poor programming / malfunction, etc) the end product will be wrong but probably consistently so. In that way, you know either how to fix it, or to scrap the lot!
A casting or forging will produce a near near shape component requiring the minimum of extra work, for the finished item, again saving labour and cost.
The labour cost portion of the cost of the item will have been overtaken by material cost and the overheads of capital to set up and program the assembly line
Fifty years ago, an engine test took eight hours, now the actual test bed time is a few minutes, but labour is needed for rigging, before and after, the actual test. But the entire process occupies far less time, and therefor cost.
Howard