Today GM released a statement saying it will add to its portfolio of U.S.-built fuel-efficient cars. The company said it will utilize one of its idled stamping facilities for production of a future small car.

In the statement, GM CEO Fritz Henderson said, "Small cars represent one of the fastest-growing segments in both the U.S. and around the world." He also said, "We believe this car will be a winner with our current and future customers in the U.S."

One of the vehicles on GM's future small car roster is the Chevrolet Spark. The current Spark/Matiz (sold in Europe and other markets) is built in South Korea along with the Aveo. However, with GM's impending massive restructuring we wouldn't be surprised to see some production reshuffling. Thus the Spark just might be the future small car in question.

GM has yet to announce which plant will be retooled for production of the small car. What we do know is the retooled plant will build both small and compact vehicles and its expected output will be 160,000 cars annually.

Henderson also acknowledged the UAW for "agreeing to work with us to ensure our overall manufacturing competitiveness in the United States." GM announced plans to increase its manufacturing presence in the U.S. Currently 67 percent of GM cars and trucks sold in the U.S. are built in the U.S. The company hopes to increase that figure to 70 percent by the year 2013.