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 “CBS Evening News” compared two auto plants – a Hyundai plant in
“Five 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
“North of Detroit, Gary Malkus manages this GM Plant. Union labor makes mid-sized sedans. But, what’s really on the line, jobs – for 4,000 employees,” Strassmann said.
The difference – Hyundai’s business model in its American plants allows it to remain competitive, while GM is liable for union contract deals it made long ago.
“Hyundai’s workers, including all
“Another Hyundai advantage in
Despite Hyundai’s successful business model which is outperforming GM’s, CBS criticized Hyundai for not being an American-owned company.
“With a major difference – these GM workers build American innovation and inspiration,” Strassmann said. “Not so in
Strassmann included industry analyst and consultant Maryann Keller who reiterated his point downplaying foreign manufacturers’ use of American workers to build cars in American plants.
“It’s really just putting pieces together that somebody else in some other country has designed and developed for us,” Keller said.