The same argument could apply to the US, even more so... the tsunami seems to be more of a squall. The big manufacturers are adapting just fine at, seemingly, their own pace.
No, the turnover generated by the automotive sector represents 6.5% of EU GDP, in Germany it is 20%. In the US it is about 3%.
> The big manufacturers are adapting just fine
Any examples for that?
Since we don't know what the numbers mentioned above mean and if they are about comparable things, I tried to give a precise number for a sector.