General Motors announced yesterday that it will introduce 14 new powertrains for the 2008 model year with the aim of reducing fuel consumption and improving performance.

Or Does It?

Is this the end of a gas-guzzling America? If we are to believe General Motors , it announced yesterday that it will introduce 14 new powertrains for the 2008 model year with the aim of reducing fuel consumption and improving performance. GM promises a number of new hybrid models, including an "industry first 2-Mode hybrid system" that will debut in a new 6.0-litre V8 in GM's full-size SUV models, cutting consumption in the city by 40% and overall consumption by 25% from the current 15 mpg. Don't think for a second that this improvement is somehow mind-bogglingly environment friendly; the 5600 lbs full-size SUVs still come with 332 bhp and the aerodynamics of a shed.

For the European, Latin American and Asian markets, GM is launching five new 1.0- to 2.0 litre engines that will mainly be fitted in the Opel/Chevrolet/Vauxhall and Daewoo models, with a 1.9-litre 180 bhp diesel for the Saab 9-3 and the Cadillac BLS. There will also be a 2.0-litre turbocharged Ecotec E85 (optimized for 85% ethanol / 15% gasoline) engine for the Saab and Cadillac putting out 200 bhp. General Motors has worked on new six-speed transmissions, with the latest 6T40 and 6T45 models providing up to a 4% improvement in fuel savings and a 7% improvement in performance.

For more details, see full press release below.

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