General Motors Corp. is expected to unveil steps on Tuesday to conserve cash and cut production of slower-selling models but is not likely to cut its dividend as part of its overall restructuring effort, the Wall Street Journal reported in its online edition late Monday, citing people familiar with the company's plan.

The auto maker is expected to announce a series of actions Tuesday that are aimed at cutting costs and better responding to changing consumer needs in the U.S., the newspaper said.

Analysts expect GM to confirm deep production cuts pickup trucks and SUVs in North America as consumers steer clear of higher-margin vehicles in the face of record gas prices.

GM's dividend equates to 25 cents each quarter, or more than $550 million a year, the Journal said.