The 2014 Malibu features an overhauled interior and a more fuel-efficient drivetrain. Photo credit: GM

General Motors (GM 4.37%) had high hopes for its all-new Chevrolet Malibu when it was launched just a year-and-a-half ago, but it seemed to miss the mark. Most of GM's recent models have been quite competitive, but the Malibu seemed to fall behind from the start -- outclassed by a fresh new Toyota (TM 0.05%) Camry, and blown away by the stunning Fusion sedan introduced by Ford (F 0.47%) last fall.

The then-all-new 2013 Malibu wasn't bad, but it didn't shine in comparison with cars like the Camry and Fusion. Photo credit: GM

In the old days, GM would have just cut the Malibu's price and soldiered on. But GM doesn't play that way anymore: Senior management ordered a high-speed overhaul of the midsize Chevy, and the 2014 Malibu features a whole host of changes that could make it much more competitive in this big-selling -- and very tough -- market segment.

In this video, Fool contributor John Rosevear looks at the changes to the Malibu, which will be arriving at dealers soon -- and offers his view on what the Malibu's unprecedented high-speed overhaul says about GM's current leadership and direction.