The impact on Europe of the “Big 3” U.S. automakers remains unclear. But it seems likely the numbers of car manufacturers will shrink and be consolidated into a smaller market – in Europe and in the rest of the world. Though, there may be light at the end of the bankruptcy tunnel for one-time U.S. giants GM and Chrysler. Both companies expect to emerge as leaner and meaner companies after shedding unprofitable brands and other assets – including many in Europe. In any event, the worldwide map of car making will be drastically changed, notably by the shrinkage and consolidation of this manufacturing sector in Europe as well as the U.S. It is a watershed moment for the global industry.