GM's Wagner Says 2006 Revenues Driven By New Full-sized Sport Utility Vehicles and Trucks

STERLING HEIGHTS, Michigan; Reuters reported that General Motors Corp. Chief Executive Rick Wagoner on Thursday said the automaker should see improved revenue in 2006, driven by its new line of full-sized sport utility vehicles and trucks.

On the sidelines of GM's holiday party in Sterling Heights, Michigan, Wagoner refused to provide a timeline for when the automaker would return to profitability.

GM, 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.