http://biz.yahoo.com/rb/051216/autos_gm.html?.v=1
STERLING HEIGHTS, Michigan (Reuters) - General Motors Corp. (NYSE:GM - News) should see improved revenue in 2006, driven by its new line of full-sized sport utility vehicles and trucks, Chief Executive Rick Wagoner said on Thursday.
"We are going to have a nice start to the year as we build and ship the new Chevy Tahoe, and that should help on the revenue side," Wagoner said, speaking on the sidelines of GM's holiday party in Sterling Heights, Michigan.
Wagoner declined to say when the automaker might return to profitability, but said he was optimistic about the soon to be launched GMT-900 series - a line of redesigned SUVs with better fuel-efficiency.
The GMT-900 series, hailed by analysts as critical to the future of GM, includes Chevy Suburbans, Tahoes and GMC Yukons. Some analysts have called the line the "make-or-break" series for the automaker.
The world's largest automaker has lost nearly $4 billion this year as it struggles with high labor and commodities costs, loss of U.S. market share to foreign rivals and slumping sales of its SUVs - longtime cash generators for the auto giant.
A recent easing of gasoline prices has done little to reverse a shift in U.S. consumer sentiment away from fuel-thirsty SUVs and pickups.
Wagoner said the recent slump in SUV sales was due, in part, to market demand, but mainly because GM had cut back on inventory to ready itself for the new models to be launched next year.
GM, which made its first hybrid power pickup trucks available in 2005, plans to launch its first hybrid sedan -- the Saturn Vue -- next year. The hybrid will compete with popular rivals such as the Toyota Prius and the Honda Civic Hybrid.
Wagoner said he did not know how many hybrids the automaker will make, because of the uncertainty of the size of the hybrid market.
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