WARREN, Mich. – General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near future, retiring Vice Chairman Bob Lutz said Friday.

Lutz didn’t give details, but said GM must apply hybrid technology to more vehicles in order to meet fuel-economy standards that will rise 40 percent to an average of 35 miles per gallon by 2020. The cost will likely be spread across GM’s lineup, since charging individual buyers for a hybrid system would make vehicles too expensive. GM has seven hybrids in its lineup now.

Lutz believes GM will be profitable by 2011 and will have a successful story to tell when the company goes public again to help repay its government loans. He said he’s leaving a team that respects his mantra of investing in high-quality products and good design.

“The mission of General Motors is to design, build and sell the world’s best cars and trucks. End of story,” he said. “And that has never been as clearly stated by senior-most management before. Never.”

Source: AP

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