According to General Motors, the introduction of the small car will boost the company's percentage of U.S.-built cars and trucks sold in the States from about 67 percent today, to beyond 70 percent by 2013.
"Small cars represent one of the fastest growing segments in both the U.S. and around the world," said Fritz Henderson, General Motors President and CEO. "We believe this car will be a winner with our current and future customers in the U.S."
"I would like to personally thank the UAW for agreeing to work with us to ensure our overall manufacturing competitiveness in the United States. It takes a special effort by everyone to bring a domestically produced small car to market in a cost-competitive and profitable way - but that is what we are going to do together," Henderson added.