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GM chief executive Rick Wagoner used the company's holiday party to spread a little good cheer about GM's outlook for next year. Saying that the January launch of the new Chevy Tahoe, followed by the rest of the GMT-900 series of big SUVs, should boost revenues, Wagoner suggested that the current dip in SUV sales was largely the result of GM cutting back on inventory ahead of the launch of next year's new models.

While acknowledging a shift in market demand away from large trucks and SUVs, Wagoner seems to suggest that there is significant pent-up demand for his new, more fuel-efficient GMT-900s. We'll know soon enough.

Looking forward, Wagoner said we should expect much higher turnover in the product lineup, with new vehicles becoming a larger part of the production mix over the next two years.

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