'Evening News' Shows How Foreign Automakers Do It Right in America
As the debate over whether taxpayers should fund a bailout of the Big Three U.S. automakers remains front and center on Capitol Hill, foreign auto manufacturers are surviving in the
The Dec. 3 broadcast of the â€śCBS Evening Newsâ€ť compared two auto plants â€“ a Hyundai plant in
â€śFive years ago, John Kalson put
Kalson, vice president of Hyundai Motor Manufacturing, Alabama LLC, told Strassman he saw the writing on the wall. He landed in
â€śNorth of Detroit, Gary Malkus manages this GM Plant. Union labor makes mid-sized sedans. But, whatâ€™s really on the line, jobs â€“ for 4,000 employees,â€ť Strassmann said.
The difference â€“ Hyundaiâ€™s business model in its American plants allows it to remain competitive, while GM is liable for union contract deals it made long ago.
â€śHyundaiâ€™s workers, including all
â€śAnother Hyundai advantage in
Despite Hyundaiâ€™s successful business model which is outperforming GMâ€™s, CBS criticized Hyundai for not being an American-owned company.
â€śWith a major difference â€“ these GM workers build American innovation and inspiration,â€ť Strassmann said. â€śNot so in
Strassmann included industry analyst and consultant Maryann Keller who reiterated his point downplaying foreign manufacturersâ€™ use of American workers to build cars in American plants.
â€śItâ€™s really just putting pieces together that somebody else in some other country has designed and developed for us,â€ť Keller said.