Crain's Detroit Business - 2011 Book of Lists - (Page 43)
December 27, 2010
CRAIN’S DETROIT BUSINESS
Page 43
In this section
Auto Suppliers . . . . 45, 47 Auto dealers . . . . . . . . 48 Aftermarket suppliers . 48 Divisions, affiliates . . . 49 Defense contractors . . 49
Top Metro airlines
The top five airlines at Detroit Metropolitan Airport, ranked by the number of domestic boarding passengers and tons of cargo from January through October. Airline Delta Airlines Pinnacle Spirit Southwest US Airways Airline Federal Express Delta Airlines United Parcel Service Lufthansa Airlines Air France Passengers 6,170,712 1,848,818 483,725 474,656 261,513 Cargo 29,127.4 15,699.3 9,829.0 3,717.0 1,983.4
Top pro sports teams
Ranked by last-completed regular season attendance: 1. Detroit Tigers (81 home games) Major League Baseball: 2,461,237 2. Detroit Pistons (41 home games) National Basketball Association: 896,971 3. Detroit Red Wings (41 home games) National Hockey League: 814,474 4. Detroit Lions (8 home games) National Football League: 395,162 5. Plymouth Whalers (34 home games) Ontario Hockey League: 76,000
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Two pieces of transportation infrastructure that don’t yet exist dominated headlines in 2010. The great panic is over and metro Detroit has survived the automotive apocalypse. Lawmakers spent the summer debating the merits of the proposed But it’s not been without casualties. Numerous plants were shuttered, hundreds of Detroit River International Crossing thousands of jobs were purged and production capacity of more than four million vehicles before eventually punting the was discarded during the recession. enabling legislation to next year, Now, at the start of a new year, the upside of downsizing is beginning to emerge in a citing concerns about traffic, funding and revenue. transformed automotive industry. The joint U.S.-Canadian span would People wanted cars again in 2010. The increased global demand and improving North link Ontario’s Highway 401 and I-75 American market lead to an increase in car volumes. between Windsor’s Brighton Beach Auburn Hills-based BorgWarner Inc., Livonia-based TRW Automotive Holdings Corp., Southarea and Detroit’s industrial Delray neighborhood. field-based Lear Corp. and Southfield-based Federal-Mogul Corp. saw profits soar in the secSupporters say the new span is ond half of the year, spurred by international market growth and lower overhead costs. needed to bolster trade, create jobs The last two major suppliers also exited bankruptcy in 2010. and maintain traffic and the flow of Novi-based Cooper-Standard Holdings Inc., parent company of Cooper-Standard Automotive goods in case one of the other local crossings is shut down. Inc., emerged from its 10-month bout in Chapter 11 in May into the control of bondholders, Critics say that border traffic who swapped their debt for equity in the reorganized company. remains below 1999 levels and that Van Buren Township-based the traffic study used to justify DRIC Visteon Corp. reached key deals inflates the numbers. Ambassador Bridge owner Manuel with its former parent, Ford MoMoroun said DRIC is unneeded and tor Co., and its lenders to shed unfair competition and has lobbied more than $2 billion in debt to kill the project. and emerge from bankruptcy The other project making news was the 9.3-mile light-rail line on in October. During its 16-month Detroit’s Woodward Avenue. bankruptcy, the supplier fought U.S. Transportation Secretary Ray off a $1.25 billion unsolicited bid LaHood announced on Aug. 2 that from Milwaukee-based Johnson the Woodward project has been approved to begin the environmental Controls Inc. and settled several study required for eventual federal lawsuits over retiree benefits. funding. In September, Tower InternaAfter a 12- to 18-month tional Inc. (then Tower Automoenvironmental study, construction COURTESY TOWER INTERNATIONAL tive) continued on its rise since would begin in late 2011 or early Tower International has continued on a rise since emerging from 2012, and the line would be emerging from bankruptcy in bankruptcy, keeping workers at the Clinton Township stamping plant completely operational by 2016. busy. 2007 by going public — markThe project is a joint effort by the city ing the first supplier to do so since 2005. and the private investors consortium M1 Rail, which has assembled $125 Meanwhile, the lithium-ion battery ramp-up ahead of the release of the first mass-promillion in cash and tax credits to duced plug-in electric cars, the Chevy Volt and Nissan Leaf spawned manufacturers build the stretch from Hart Plaza to throughout the region and state (See story, Page 51). West Grand Boulevard. As did many of the auto suppliers, the dealership network The total cost is estimated at $450 million to $500 became smaller in 2010 but has regained profitability. million. And in 2010, the closing of dealerships was a minor point New York City-based compared to 2009. Just two General Motors Co. dealers closed and engineering firm Parsons eight Chrysler Group LLC dealers were added in metro Detroit, acBrinckerhoff has been hired to manage the cording to information from Detroit-based Urban Science, which environmental impact study tracks dealers nationally. That compares with 17 local closures process for the city. San from Chrysler and GM dealers in 2009. Francisco-based engineering Along with the dealership closures, OEMs scaled back their firm URS Corp. has been contracted by the city to brands. Ford discontinued its Mercury brand, making all forhandle preliminary mer Lincoln-Mercury dealers standalone Lincoln dealers. Ford engineering for the rail line announced a goal of thinning the Ford brand dealers by 10 perand to prepare the funding A vision for light rail on Woodward in cent and the Lincoln dealers by 35 percent to 40 percent. Southapplication for federal Foxtown. east Michigan could lose a total of 10 dealers based on the curtransit money. rent dealership counts. A deal worked out last year in Congress allows that money to be In November, a trimmer and, some would say, nimble GM went public to much fanfare. used by the Detroit Department of The bailed-out automaker raised more than $20 billion in its initial public offering, reducTransportation as the local match ing the federal government’s stake by half. money needed to qualify for federal funding that would account for up to But not all that glitters is gold. Unemployment remained high in Michigan throughout 80 percent of the remainder of the 2010 — 12.8 percent in October — as the leaner automotive industry continued to keep overline’s capital costs. head costs low in fear of a double-dip recession. Some transportation insiders are Despite the shuttering of manufacturing plants across the industry, overcapacity refrustrated by what they say is a failure to embrace a regional plan of mains an issue as automakers are about 3.5 million units, or 14 plants, over capacity in light and higher-speed commuter rail North America and Canada, according to data by The Harbour Report in August. and bus systems. However, U.S. light vehicle production is forecast to rise as high as 13 million units in The proposed regional system is a 2011. Global vehicle production could rise to more than 75 million units, marking it as the $10 billion plan that would be built over 25 years as demand dictates. largest production year on record as demand grows in China and Brazil. The city continues to oppose regional The resulting growth in manufacturing should lead automakers and suppliers to add transit authority legislation that overhead and jobs, cautiously, keeping an eye on capacity and resources. remains idle on the state House floor, The doomsday talk for the automotive industry has subsided, but it will forever remain saying it’s not detailed enough and fails to adequately tackle funding. changed as it enters 2011 with a cautiously positive outlook.
THE MOTOR CITY
Bridge, rail dominate transportation news
— Dustin Walsh
— Bill Shea
THE MOTOR CITY
http://www.crainsdetroit.com
Table of Contents for the Digital Edition of Crain's Detroit Business - 2011 Book of Lists
Crain's Detroit Business - 2011 Book of Lists
The Big Picture
10 things to watch in 2011
10 things to remember about 2010
Private 200
Fastest-growing companies
Public school districts
Top-compensated CEOs
Top-compensated non-CEOs
Metro Detroit employers
Wayne County employers
City of Detroit employers
Livingston County employers
Washtenaw County employers
Macomb County employers
Oakland County employers
Publicly held companies
Hispanic-owned businesses
Native American-owned businesses
Asian-owned companies
Black-owned businesses
Woman-owned businesses
The Motor City
Airlines Serving Detroit Metro
Professional Sports Teams
Auto Suppliers
Auto Dealers
Aftermarket Suppliers
Divisions
Defense Contractors
New Economy/Health Care
Family-owned companies
IP law firms
Group health plans
Hospital companies
Physician organizations
Graduate business degrees
Engineering companies
Environmental companies
IT companies
Biotech companies
People/Awards
Salute to Entrepreneurs
CFO Awards
40 Under 40
Best Lawyers
20 in their 20s
Women to Watch
M&A Awards
Most Connected
Finance
Capital campaigns
Accounting firms
Banks and thrifts
Money managers
Business insurance agencies
SBA Lenders
Real Estate/Services
Office furniture dealers
Nonprofits
Meeting facilities
General contractors
Architects
Property managers
Residential brokers
Staffing companies
Logistics firms
Law firms
Classifieds
Index of Companies
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