No, there's no world in which we're going to create an industry that exports large volumes to Europe. We've seen in the past some manufacturers send small volumes of particular cars to the EU, but if you're going to service Europe, you'll do it from Europe or somewhere close by.
This industry has been created over 60 years based on a North American supply chain. We just happen to sit beside the largest, most dynamic and wealthiest economy in the world. The gravity model of trade dictates that you're going to do the overwhelming share of your trade with the largest economy that is in closest proximity.
It's not only that, but the European Union is not what I would characterize as a high-growth market. I was just there a couple of weeks ago. There's a lot of hand-wringing about the future of Europe, demographic challenges and weak economic growth.
Our future lies in working with the American economy. That's where we have to focus our efforts.