Shanghai Daily: GENERAL Motors Corp yesterday announced plans to introduce more fuel efficient models into China with the aim of reducing fuel consumption by 15 percent over the next five years. Following a similar plan launched in 2008, the 2011-2015 Green Product Strategy launched by GM’s Chinese venture will include 12 new engines, focusing on small displacements, such as a 1.5-liter VVT engine and 1.4-liter turbocharged engine. Shanghai GM said its goal is to reduce fuel consumption and …