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Chevy unveiled a high-efficiency version of its new Cruze compact at the New York Auto Show, saying it provides “hybrid-like” fuel economy.

The Chevrolet Cruze Eco is powered by an Ecotec 1.4l turbocharged engine with variable valve timing connected to a six-speed manual transmission. According to Chevy, the Cruze Eco has a 0-60 time in the low nine-second range.

Chevy has given the Cruze Eco a number of features, some inherited from the upcoming Volt, to provide an estimated 40 mpg on the highway.

The Cruze Eco has a lower front grille air shutter that closes at higher speeds and opens at low speeds to improve air flow. Underbody panels, a rear spoiler and a lower front air dam extension also add to the aerodynamics.

The Chevrolet Cruze Eco will be available in the fourth quarter 2010.

More: New York 2010: Chevrolet Cruze Eco Promises Hybrid-like Efficiency on
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