GM today announced a range of strategic initiatives to aggressively respond to growing demand for fuel-efficient vehicles and to economic and market challenges in North America. Rick Wagoner, GM chairman and CEO, made the announcements here as part of the GM annual meeting of stockholders:

-- A new global compact car program for Chevrolet, a next generation for the popular Chevy Aveo, and a high efficiency engine module for the U.S. market.
-- Funding for production of the Chevy Volt extended-range electric vehicle.
-- Addition of third shifts to Lordstown and Orion, which build hot-selling Chevy and Pontiac cars.
-- Cessation of production at four plants that build pickups, SUVs and medium-duty trucks.
-- A strategic review of the Hummer brand.
Wagoner said. "Higher gasoline prices are changing consumer behavior, and they are significantly affecting the U.S. auto industry sales mix."

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