GM announces new compact

August 21, 2008 2:49:04 PM PDT
General Motors is hoping a new compact car will help boost its bottom line.The company unveiled the new Chevrolet Cruze compact Thursday afternoon. It will be built at its Lordstown, Ohio plant.

GM hasn't set a price for the vehicle.

The Cruze will be launched in Europe and Asia next year, and will come to the U.S. in the second half of 2010.