Graeme Maxton is an extremely well known figure in auto industry circles. Working within his auto consulting company, autopolis, his views on the outlook for the auto industry are always interesting and often provocative. In this presentation, he argues that the US and European vehicle markets are headed for a significant downturn. Just six automakers now dominate the global vehicle industry, but there is a period of further rationalisation to come. The scenario is not a cheerful one.