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The ship of car manufacturers is sinking and taking almost everything with it.
It's bad news for those employees and families in the first few months.
But actually, the employees are getting off a sinking ship (and not sinking with it). And most will end up being engineers and workers at other firms that are not sinking.
As long as being self-employment and enterupeneurship for normal people is so heavily taxed as it is now nothing will grow out of the ruins of the big companies
I think the biggest problem is investment funding. VCs and angel investors are much more common in US then here. There are many European startups that ended moving to US because it's easier to raise capital there