Chemnitz (German pronunciation), known from 1953 to 1990 as Karl-Marx-Stadt, is the third-largest city in the Free State of Saxony, Germany. Chemnitz is an independent city which is not part of any county and seat of the Landesdirektion Sachsen. Located in the northern foothills of the Ore Mountains, it is part of the Central German Metropolitan Region. The city's economy is based on the service sector and manufacturing industry. Chemnitz University of Technology has around 10,000 students.