0000040730-01-500136.txt : 20011009
0000040730-01-500136.hdr.sgml : 20011009
ACCESSION NUMBER: 0000040730-01-500136
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010918
ITEM INFORMATION: Other events
FILED AS OF DATE: 20011003
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: GENERAL MOTORS CORP
CENTRAL INDEX KEY: 0000040730
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
IRS NUMBER: 380572515
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00143
FILM NUMBER: 1751183
BUSINESS ADDRESS:
STREET 1: 300 RENAISSANCE CTR
STREET 2: MAIL CODE: 482-C34-D71
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
BUSINESS PHONE: 3135565000
MAIL ADDRESS:
STREET 1: 300 RENAISSANCE CTR
STREET 2: MAIL CODE: 482-C34-D71
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
8-K
1
spcreditrating8k-103001.txt
STANDARD & POOR'S CREDIT RATING OF GM
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) September 18, 2001
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GENERAL MOTORS CORPORATION
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(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 1-143 38-0572515
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(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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ITEM 5. OTHER EVENTS
On September 18, 2001, Standard & Poor's issued the following news release
regarding General Motors Corporation's (GM) credit rating outlook. The release
is as follows:
Standard & Poor's on Tuesday, September 18, 2001 said the attacks on the
World Trade Center and the Pentagon "increase the likelihood" of downgrades for
GM.
The credit rating agency said U.S. consumer confidence had fallen, which
will further pinch declining auto sales.
"Industry demand is now expected to be exceptionally weak for the next two
quarters at least, and the likelihood of any improvement beyond that time is
highly uncertain," it said. "Moreover, there could well be a deterioration in
the U.S. producers' product mix."
S&P said GM already suffered from rising pricing pressure, market share
erosion and unprofitable non-U.S. operations.
Downgrades ordinarily raise borrowing costs. S&P rates GM's long- and
short-term debt "A" and "A-1", respectively its sixth and second highest
investment grades. It said it expects to complete its reviews by the end of
October.
# # # #
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 October 3, 2001
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By
/s/Peter R. Bible
-------------------------------
(Peter R. Bible,
Chief Accounting Officer)
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