Thanks to General Motors Corp. and the other two major U.S. car manufacturers, the Canadian province of Ontario in 2004 surpassed Michigan for the first time as the largest auto-producing region in North America, and GM executives don't mind being quite

blunt about the reason the company has moved so much production across the border. While hourly wages are somewhat lower north of the border, the most appealing aspect of Canadian production is the $1,400 per auto that GM saves because of Canada's substantially less expensive state-run healthcare system.

But as much as GM appreciates the Canadian system in Canada, the company becomes downright coy when asked whether such a system could work in the U.S. "GM thinks there has to be closer cooperation between the government and the private sector, but we don't advocate a single-payer system for the U.S.," a spokeswoman responded.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.