Detroit, Michigan (MI)
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Detroit and the surrounding region constitute a manufacturing powerhouse, most notably as home to the American automobile industry and the Big Three auto companies. General Motors is based in Detroit, Ford Motor Company in nearby Dearborn, and one of the two world headquarters for DaimlerChrysler in Auburn Hills (the other is in Stuttgart, Germany). Dotting the Detroit landscape are countless offices and plants in the automotive support business: parts, supplies, electronics, and design. It is not uncommon in Detroit to hear radio ads or to spy billboards in which multimillion-dollar auto corporations make insider sales pitches to one another. Nevertheless, there is a flip side to the automotive dominance: because of its almost singular dependence on the auto industry, Detroit is more acutely vulnerable to economic cycles than most large cities. According to one saying, "When the auto industry hiccups, Detroit coughs, and when the auto industry catches a cold, Detroit gets pneumonia." Detroit is often one of the first cities to feel the effects of a nationwide recession and one of the last to recover from it.
Including the Big Three, there are seventeen Fortune 500 companies headquartered in Metro Detroit, including Borders Books and Music, Comerica, Federal-Mogul, Kelly Services, and Lear Corporation. Detroit is home to Compuware and the national pizza chain Little Caesars. Other major industries include advertising, medical services, chemicals, computer software, and casino gambling.
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