This is a list of notable companies located in the state of Michigan .
Top publicly traded companies in Michigan according to revenues with state and U.S. rankings | |||||
State | Corporation | US | |||
1 | Ford | 19 | |||
2 | General Motors | 21 | |||
3 | Dow | 75 | |||
4 | Penske Automotive | 147 | |||
5 | Lear | 189 | |||
6 | Whirlpool | 203 | |||
7 | DTE Energy | 212 | |||
8 | Stryker | 224 | |||
9 | BorgWarner | 262 | |||
10 | Kellogg's | 270 | |||
11 | Jackson Financial | 282 | |||
12 | Ally | 338 | |||
13 | Auto-Owners | 362 | |||
14 | SpartanNash | 399 | |||
15 | UFP Industries | 403 | |||
16 | Autoliv | 429 | |||
17 | Masco | 436 | |||
18 | CMS Energy | 441 | |||
Further information: List of Michigan companies Source: Fortune [1] |
*Note: this list includes joint-ventures based in Michigan, subsidiaries of Michigan-based companies also located in Michigan, and companies based in Michigan currently owned or controlled by private equity, venture capital, or other similar entities. Below is a separate list of outside companies with a significant presence in Michigan.
The Volvo Group is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it was the world's second-largest manufacturer of heavy-duty trucks with its subsidiary Volvo Trucks.
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue.
AM General is an American heavy vehicle and contract automotive manufacturer based in South Bend, Indiana. It is best known for the civilian Hummer and the military Humvee that are assembled in Mishawaka, Indiana. From 1974–1979 the company also manufactured transit buses, making more than 5,400 of them.
Chris-Craft Industries, Inc., formerly National Automotive Fibers, Inc., was a publicly held American corporation that was traded on the New York and Pacific Stock Exchanges. In 1962, the company adopted the name of one of its acquisitions, Chris-Craft Boats, which was founded in the late 19th century and became famous for mahogany-hulled powerboats in the 1920s through the 1950s. Chris-Craft Industries also went into broadcasting, owning television stations via its subsidiary BHC Communications and co-founding the UPN TV network.
Jiangling Motors Corporation Limited, abbreviated JMC, is a Chinese automobile manufacturer. According to company and press reports, the largest shareholder of JMC is Jiangling Investment, a company controlled equally by the state-owned enterprises Changan and Jiangling Motors Corporation Group (JMCG).
The Wayne Corporation was an American manufacturer of buses and other vehicles under the "Wayne" marque. The corporate headquarters were in Richmond, Indiana, in Wayne County, Indiana. During the middle 20th century, Wayne served as a leading producer of school buses in North America.
Toyota Motor North America (TMNA) is the operating subsidiary that oversees all operations of the Toyota Motor Corporation in Canada, Mexico, and the United States. Its operations include research and development, manufacturing, sales, marketing, after sales and corporate functions, which are controlled by TMNA but sometimes executed by other subsidiaries and holding companies. The company is headquartered in Plano, Texas, with offices in several locations including Georgetown, Kentucky, Ann Arbor, Michigan, Washington, D.C., and New York City.
Aisin Corporation is a Japanese corporation that develops and produces components and systems for the automotive industry. Aisin is a Fortune Global 500 company, ranked 359 on the 2020 rankings. Aisin is a member of the Toyota Group of companies.
Penske Corporation, Inc. is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is the founder and chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.
The Shyft Group, Inc., formerly known as Spartan Motors, is an American automobile design company that designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), government services, and delivery and service markets. The company started in 1975 as a direct result of the bankruptcy of Diamond Reo. It is currently headquartered in Novi, Michigan and has 3,000 employees.
Automotive Components Holdings, LLC is a Ford Motor Company-managed temporary business formed by the 2005 transfer of 17 automotive components factories and six research, testing and other facilities from Visteon Corporation to Ford. The creation of ACH was intended to ensure that Ford continued to receive a flow of parts from the facilities, whilst enabling them to be prepared for sale or other disposition.
Canadian Breweries Limited (CBL), originally the Brewing Corporation of Ontario, was an Ontario-based holding company in the brewing industry. The company was founded in 1930 by a merger of two breweries, Brading of Ottawa and Kuntz of Kitchener-Waterloo. Under the direction of its top executive, E. P. Taylor, the company bought or merged many of the smaller competitors existing after the repeal of prohibition. The new company closed many plants, reduced the number of beer brands and built new, larger plants to produce enough beer for a much larger geographic area. By the 1950s, the company had reduced the number of beer brands from approximately one hundred to six. Canadian Breweries became part of a large conglomerate of manufacturing and consumer businesses controlled by the Argus Corporation in 1945.
In the United States, the automotive industry began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. The United States was the first country in the world to have a mass market for vehicle production and sales and is a pioneer of the automotive industry and mass market production process. During the 20th century, global competitors emerged, especially in the second half of the century primarily across European and Asian markets, such as Germany, France, Italy, Japan and South Korea. The U.S. is currently second among the largest manufacturers in the world by volume.
The automotive industry in South Korea is the fifth-largest in the world as measured by automobile unit production and also the five-largest by automobile export volume.
Nexteer Automotive is a global motion control technology company. It is a publicly traded company owned about one-third by its shareholders. About two-thirds by Pacific Century Motors, which in turn is 51% owned by AVIC Automotive. Nexteer's global headquarters is in Auburn Hills, Michigan, United States.
JAI is an Indian multinational suspension system automotive company headquartered in Delhi, India. JAI produces various types of springs, including tapered or multileaf, parabolic spring, lift axle suspension, and air suspension systems. JAI manufacturing units are found in Yamuna Nagar, Malanpur, Chennai, Hosur, Rudrapur, and Jamshedpur.