When Zak Pashak's Detroit Bikes factory opened in 2013, bicycle manufacturing in the United States had all but disappeared. Today, the company makes 80 bicycles a day and is on pace to produce 10,000 this year.
Detroit Bikes is helping to bring manufacturing back to motor city. But the economics of making bicycles in the U.S. are challenging.
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Research shows working-age populations are slipping in the U.S. and other industrialized nations while those of other countries are growing faster.
The strong euro and expensive labor are making it tough for BMW, VW, Volvo, and some other European carmakers to show a profit in America.