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
                                                         --------------


















                                      - 1 -
ITEM 5. OTHER EVENTS

   On July 24, 2000,  General  Motors  Corporation  (GM) issued a press  release
announcing that GM and Fiat S.p.A.  (Fiat) finalized their strategic  industrial
alliance. The release is as follows:

General Motors and Fiat Move Alliance Forward
* Strategic Alliance Finalized
* Agreements for Setup of Joint Venture Companies Signed
* Contract Provides Legal Basis for the Implementation of the Partnership

Zurich / Detroit / Turin.  General  Motors Corp.  (NYSE:  GM, GMH) and Fiat
S.p.A.  (Milan:  F;  NYSE:  FIA)  today  announced  they have  completed  equity
investments in one another's  global  automotive  enterprises,  finalizing their
strategic  industrial alliance in two of the world's largest automotive markets,
Europe and Latin  America.  This alliance was  originally  announced in March of
this year.

GM has  underwritten a capital  increase  equal to a 20-percent  equity stake in
Fiat Auto  Holdings,  B.V.,  a new holding  company that  controls  Fiat Group's
automobile  and  light-commercial  vehicle  operations,  except for  Ferrari and
Maserati.  Fiat has received  approximately  32 million  shares of GM $1-2/3 par
value common stock, or approximately  5.6 percent of GM's common stock currently
outstanding.

General Motors will partially offset the effect of the newly issued shares of GM
common stock resulting from this transaction with a $1.4 billion cash repurchase
of GM stock,  as  previously  announced.  An increase in the number of GM $1-2/3
shares repurchased during GM's recently completed exchange offer,  through which
a total of approximately  86.4 million shares were repurchased,  further offsets
the effect.

Since the  beginning of the year,  GM has reduced the number of GM $1-2/3 common
stock shares outstanding by approximately 14 percent.

In  addition,  General  Motors and Fiat Auto have signed the  agreements  on the
establishment  of two  50/50  joint  ventures  in the  areas of  purchasing  and
powertrain.  The agreements  provide the legal basis for the  reorganization  of
GM-owned and Fiat Auto-owned  powertrain and purchasing businesses in Europe and
Latin America.

The transfer of assets,  employees and businesses  from member  companies to the
joint ventures is expected to proceed during the rest of this year,  after which
the two joint ventures will become fully operational.

GM's and Fiat  Auto's  European  and  Latin  American  management  and  employee
representatives  have established  guidelines for the  implementation of the two
joint  ventures.  Their intent is to guide local  transition of employees to the
joint ventures such that no one is disadvantaged  with respect to existing terms
and conditions of employment. Major relocations of employees are not foreseen.

Operational  headquarters  of the  powertrain  joint  venture will be located in
Turin, Italy. Nunzio Pulvirenti,  currently general manager, Powertrain, of Fiat
Auto,  was  appointed  chairman;  Daniel  Hancock,  currently  president of GM's
Allison   Transmission   division,   was  appointed  chief  executive   officer.
Approximately  13,000 GM, Opel, Vauxhall and Saab employees will transfer to the
new  company.  Around  14,000  Fiat  Auto  employees  will be part of the  joint
venture.



                                      - 2 -

The  new  powertrain  venture  is one  of the  largest  automotive  engines  and
transmissions  companies  worldwide,  with a total production of approximately 5
million engines and transmissions, respectively.

Operational  headquarters  of the  purchasing  joint  venture will be located in
Russelsheim,  Germany.  Robert E. Socia,  currently  GM Europe  vice  president,
Supply,  and  member  of the  Management  Board of Adam Opel AG,  was  appointed
chairman,  while Tommaso Le Pera,  currently vice president,  Purchasing,  and a
member of Fiat Auto's  Management Board, was named chief executive  officer.  In
this area,  around 1,400 employees of GM's purchasing  organization  will become
part of the new  company,  joining  forces with about 800  colleagues  from Fiat
Auto.

The  scope  of  the  purchasing   joint-venture   is  extended  to  a  total  of
approximately  US$32 billion worth of material  purchases  currently done by the
two companies.

Fiat as well as GM and its major brands will be  represented on the Board of the
two joint  ventures.  The  management  team for each of the two  companies  will
coordinate the  purchasing  and  powertrain  business in the spirit of the joint
venture agreement.

Furthermore,  both companies' financing arms, GMAC and Fiat's Fidis, have signed
a Credit Cooperation  Agreement.  The document formalizes the commitment of both
companies to proceed with a joint  assessment of potential areas for cooperation
such as geographic footprint, IT, back office activities,  wholesale management,
and others.


                                      # # #



                                    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    July 24, 2000
        -----------------
                                       By
                                            s/Peter R. Bible
                                            -------------------------------
                                            (Peter R. Bible,
                                             Chief Accounting Officer)













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