Industry consolidation is much talked about in automotive circles. Just the other day, I heard the prediction - one that I first heard in the 1990s - that the global auto industry will eventually collapse to around six big players. Don't hold your breath though. It is probably true to say though that the process of consolidation or restructuring at the industry level is a pretty slow one and takes a number of forms. It is coming, but it will take time. Maybe though, we're seeing signs of acceleration.