John identified several key developments that have helped to revitalize the U.S. auto industry, the first of which were the financial restructurings of General Motors and Chrysler that have taken place.

FORBES: Beyond Beijing: The Recovery in U.S. Autos

Volkswagen (Frankfurt: VOW.F), with joint ventures in both Shanghai and Changchun, continues to be the leading brand in China, increasing its total market share to 21.8 percent, while General Motors Company (NYSE:GM) follows in second place with 12.2 percent.

FORBES: China Passenger Car Sales Surge In January

To illustrate the degree of downsizing that has taken place, we understand that as many as 17 General Motors plants have been shuttered and will be sold in the coming year.

FORBES: Beyond Beijing: The Recovery in U.S. Autos

Sloan (see article), the legendary boss of General Motors, however, owed more to the structure and systems that they put in place in their organisations than it did on the individual's personality.

ECONOMIST: Idea