SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549-1004





                                    FORM 8-K
                    CURRENT REPORT PURSUANT TO SECTION 13 OF
                       THE SECURITIES EXCHANGE ACT OF 1934



          Date of Report
(Date of earliest event reported) March 13, 2000
                                  -----------------




                           GENERAL MOTORS CORPORATION
                   -----------------------------------------------------
                   (Exact name of registrant as specified in its charter)




      STATE OF DELAWARE                 1-143                 38-0572515
- ----------------------------   -----------------------    -------------------
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer
 of incorporation)                                        Identification No.)




300 Renaissance Center, Detroit, Michigan                    48265-3000
- --------------------------------------------                 ----------
  (Address of principal executive offices)                   (Zip Code)







Registrant's telephone number, including area code       (313) 556-5000
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                                      - 1 -
ITEM 5. OTHER EVENTS

   On March 13, 2000,  General  Motors  Corporation  (GM) issued a press release
stating  that  GM and  Fiat  S.p.A.  (Fiat)  announced  an  agreement  to form a
strategic  industrial  alliance  and a  financial  participation  exchange.  The
release is as follows:

Fiat and General Motors Announce Strategic Industrial Alliance and Financial
Participation Exchange

   TURIN AND DETROIT -- General Motors  Corporation  (NYSE:  GM, GMH) and Fiat
S.p.A. (NYSE: FIA) agreed to form a strategic industrial  alliance,  creating an
important partnership for the companies in two of the world's largest automotive
markets: Europe and Latin America.

   The alliance promises significant opportunities to create value for both Fiat
and GM shareholders through significant  synergies in the areas of material cost
reductions,  leveraging of each group's powertrain activities, efficiency in the
financial  service   operations,   cross-sharing  of  automotive   technologies,
effective  leverage  of each  other's  platforms,  as well as other  areas under
review.

   The synergies that both companies have identified amount to an estimated $1.2
billion  annually by the third year and  growing to an  estimated  $2.0  billion
annually by the fifth year when common components are achieved.

   Importantly,  GM and Fiat will remain  independent  from one another and will
continue to compete in markets around the world.

   GM will  acquire a 20  percent  stake in Fiat  Auto in  exchange  for  US$2.4
billion  in GM  $1-2/3  common  stock.  Fiat's  holdings  of GM will  amount  to
approximately  5.1 percent of GM $1-2/3 stock.  Fiat will obtain a  registration
rights agreement to facilitate its potential disposition of shares over time.

   GM will offset the new stock issuance through $2.4 billion in new repurchases
of GM  $1-2/3  common  stock  which it  expects  to  complete  before  year-end.
Specifically,  GM  will  increase  by $1  billion  the  size  of its  previously
announced  exchange  offer in which it will use GM class H stock to  acquire  GM
$1-2/3  stock.  The  exchange  offer  will be  increased  from $8  billion to $9
billion.  In  addition,  GM's  board  has  authorized  a new $1.4  billion  cash
repurchase  program  to be  implemented  in the second  half of this year.  As a
result of these actions, the Fiat transaction is expected to become accretive to
GM $1-2/3  shareholders  within two years.  GM's action to repurchase its shares
will slightly increase Fiat's percentage of ownership in GM.

   "One  year ago we set a clear  goal  for the  Fiat  Group:  to  operate  from
positions of leadership  and  excellence in all of our  businesses,"  said Paolo
Fresco,  Fiat S.p.A.  chairman.  "We are proud to have  concluded this agreement
which  provides our principal  Sector,  Fiat Auto,  with the conditions to reach
that goal: a cost leadership  status based on the unique  synergies  provided by
this industrial alliance and the ability to draw upon the great R&D resources of
our  partner  (the world  leader in the auto  industry)  to face the  increasing
technological challenges of this new century.

   "At the same time,"  Fresco  continued,  "we are drawing upon  the  value  of
Fiat Auto to take a significant stake in GM. This alliance  immediately  unlocks
value for the benefit of our shareholders  while at the same time protecting the
interests  of our  employees,  suppliers  and the  Italian  system  at  large by
maintaining control of our destiny."





                                      - 2 -

   "GM is  aggressively  moving  ahead  on  our  strategy  to  grow  our  global
automotive  business," said John F. Smith,  Jr., GM chairman and chief executive
officer. "The opportunity to create an alliance with a large and technologically
strong company like Fiat in a  capital-efficient  manner helps us strengthen our
position in Europe and South  America - a key  strategic  objective for GM. This
alliance allows us to capture significant  benefits in the areas of platform and
component  sharing  as  well  as  cost  efficiencies,   thus  providing  a  more
competitive  base  for  our  brands  to  create  value  for  our  customers  and
shareholders.  It is an  important  illustration  of the  effectiveness  of GM's
approach to grow profitably through the use of alliances."

   "We are excited at the  opportunity to work with our colleagues at GM on this
unique industrial  cooperation  initiative," said Paolo Cantarella,  Fiat S.p.A.
chief executive  officer.  "Thanks to this agreement,  Fiat Auto is aggressively
creating key sources of cost advantage based on our combined strengths in Europe
and Latin America and on the opportunities that we are both seeking in capturing
the growth trends in emerging markets.  This will allow us to further accelerate
with  structural  measures  our  ongoing  profitability  recovery.  We are again
demonstrating  our  leadership  in  changing  the  business  model  of the  auto
industry,  allowing Fiat Auto to focus more clearly on serving the customer with
a leaner organization."

   "As the  consolidation  of this industry  continues,  partnering with Fiat, a
company which truly complements GM's strengths,  is a strong move for us, and we
believe offers  significant  benefits to Fiat as well", said G. Richard Wagoner,
Jr., GM chief  operating  officer and president.  "We will build on each other's
strengths while we continue to operate  autonomously and compete aggressively in
the marketplace."

   As part of the definitive  agreement announced today, Fiat, at a future point
in time,  will have the right,  if it so chooses at its  discretion,  to put its
remaining 80 percent  equity  interest in Fiat Auto to GM at fair market  value,
and GM will have a right of first  offer if Fiat  decides to sell its  interest.
Fiat Group's other sectors,  including Ferrari and Maserati, are not involved in
this transaction.

   Key to the alliance will be the  establishment of dedicated joint ventures in
purchasing and powertrain.

   In the  area  of  purchasing,  Fiat  Auto  and GM  will  leverage  all  their
purchasing   capabilities,    including   Fiat   Auto's   "component   platform"
inter-functional  team and GM's  "creativity  teams."  The  combined  purchasing
volume of the two companies provides significant opportunity for synergy.

   In addition,  Fiat Auto and GM,  along with its diesel  partner  Isuzu,  will
leverage their resources to improve powertrain offerings, performance and cost.

   Finally, in the area of automotive  financing,  GMAC and Fiat Auto Fidis will
pursue operating synergies and growth opportunities in Europe and Latin America.

   A Steering  Committee  co-chaired  by the CEO's of Fiat  S.p.A.  and  General
Motors will define the joint ventures' strategies and will identify new possible
areas of  industrial  cooperation  such as the return of the Alfa Romeo brand to
the  United  States  as  well as  e-business  opportunities  such as  in-vehicle
communications involving GM's OnStar and Fiat's Viasat.

   The alliance is subject to anti-trust clearance in the U.S. and European
Union.


                                      # # #


                                      - 3 -

   In this news release, use of the words anticipate,  expect, should,  believe,
plan, intensify,  overcome,  opportunities and similar words are associated with
forward-looking  statements  that are  inherently  subject to numerous risks and
uncertainties. Accordingly, there can be no assurance that the results described
in such forward-looking  statements will be realized. The principal risk factors
that may cause  actual  results to differ  materially  from those  expressed  in
forward-looking  statements  contained  in this news  release are  described  in
various documents filed by GM with the U.S. Securities and Exchange  Commission,
including  GM's  Annual  Report on Form 10-K for the year ended Dec.  31,  1999,
filed March 13, 2000, (at page II-22).





                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                           GENERAL MOTORS CORPORATION
                                           --------------------------
                                           (Registrant)
Date    March 14, 2000
        --------------
                                           By
                                           s/Peter R. Bible
                                           -------------------------------
                                           (Peter R. Bible,
                                            Chief Accounting Officer)


































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