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?
http://www.usatoday.com/story/money/cars/2016/09/13/chevrole...
http://www.reuters.com/article/us-gm-bolt-idUSKBN1300PM
http://nseavoice.com/cars/can-tesla-model-3-keep-up-with-che...
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.