The Chevrolet Aveo5 is the five-door hatchback version of the Aveo Sedan. Much like the Aveo Sedan, the Aveo5 represents one of Chevrolet's most efficient and affordable vehicles. A whole new model was unveiled for 2009.

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The redesigned economy car delivers 26 mpg in the city and 34 mpg on the highway and is expected to be the lowest-priced car in America when it goes on sale in 2008.

Power comes from a new 1.6 liter DOHC engine with variable valve timing that produces more power 107 hp and 106 pound-feet of torque. It has a range of over 400 miles on a single tank of gas.

"Chevrolet is committed to fuel solutions of all types, and the new Aveo5 demonstrates that gasoline remains viable in a highly efficient, affordable package," said Ed Peper, Chevrolet general manager. "It is a terrific value, with a worry-free ownership experience that has the lowest ownership cost of any vehicle on the market, yet it packs all of Chevy's fun-to-drive spirit."

The Aveo5 goes on sale in May 2008, joining the recently redesigned Aveo sedan. It is available in base, LS and LT trims. The new hatchback comes standard with OnStar and XM Satellite Radio - for three months - and received a 5 Star safety rating.

Customers can choose between a five-speed manual or four-speed automatic. The Aveo5 also comes standard with advanced dual-stage frontal air bags and the GM Passenger Sensing System, as well as standard seat-mounted side air bags for front passengers.

The brake system on the Aveo5 is available with a four-channel ABS system.

Annual sales for the Aveo are expected to total about 70,000 units, a volume that is limited by the Aveo's Korean production facility. The new Aveo will be available in 140 countries and the five-door hatchback is expect to outsell the sedan in the short-run - the sedan typically accounts for 60% of Aveo sales.

While the exterior of the Aveo5 is similar to the previous generation, the interior is completely new and is actually quite surprising for the price point. The Aveo's interior is well appointed and has the feel of a much more expensive car. Fit and finish are much improved and virtually all interior surfaces seem to be of high quality materials. The use of silver accents within the cabin really gives gives the Aveo a sporty and upscale look. Because of the upgrades, GM hopes the new car will make a big impact in the sub-compact market.