2011 Chevy Cobalt

So far, the company has confirmed two engines for the American version of the 2011 Chevrolet Cruze. The more interesting of the two is a new 1.4-liter turbocharged 4-cylinder engine. The company predicts this optional engine will be rated at 140 horsepower. There is talk that the 1.4-liter turbo's fuel economy could be as high as 45 mpg, presumably on the highway. By contrast, the 2009 Cobalt's base 2.2-liter non-turbo four produces 155 horses and is EPA-rated at 25/37 mpg city/highway in new gas-miser XFE trim. The second engine is a normally aspirated 1.8-liter four that should be good for 138 horsepower. The 1.8-liter unit is likely the same engine that is found in the 2008 Saturn Astra.

The company plans to offer American consumers a 6-speed manual transmission and an optional 6-speed automatic versus Cobalt's 5-speed manual and 4-speed automatic. It isn't clear yet if both transmissions will be available with either engine. Gearing will be chosen with an eye to maximizing fuel economy without compromising low-rpm performance. At some point, Chevrolet might add a sporty Cruze akin to the current Cobalt SS, perhaps with the same 260-horsepower 2.0-liter turbocharged 4-cylinder. The decision will hinge on buyer sentiment and how much higher gas prices go in the next couple of years.

Because it may sell for a short time alongside Cobalt, the 2011 Chevrolet Cruze is likely to be positioned as a more-upscale small Chevy with nicer appointments, more features, and higher prices. The alternative would be to slide Cobalt down-market by eliminating some now-standard equipment. Either way, the new Cruze will likely mimic Cobalt by including standard features like ABS, antiskid system, traction control, curtain side airbags, and GM OnStar assistance, plus 16-inch tires instead of 15s. Options should also broadly duplicate Cobalt offerings, with 17- and maybe 18-inch tires, various cosmetic add-ons, upgraded audio, power sunroof, Bluetooth connectivity, and leather upholstery. A navigation system could well join the list.

In all, the 2011 Chevrolet Cruze stands to be better than today's Cobalt in many ways. It should thus be a more appealing bow-tie alternative to hot-selling, import-brand compacts like the Honda Civic--and now even the elderly Ford Focus. That and the early arrival time show just how serious GM has become about the small-car market. Considering the company's worsening financial condition with the steep drop in sales, the Chevy Cruze won't get here a moment too soon.