$500 million for Cruze Control

The Chevy Cruze

GM will invest $500 million to develop the Chevy Cruze a new, small car that will achieve almost 40 miles per gallon on the highway. More important, GM is out to prove that it can make money selling such small vehicles. But history is not on GM's side.

Recently, GM's Rick Wagoner told reporters that GM loses money on the Chevy Cobalt, which is now experiencing a sale's boom.

While this is a positive development, is GM being aggressive enough when it comes to offering more fuel efficient models?