-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SumLZdpZBIlKUcQu3kO1ADJYjlZNIx83QZeueIjGou7ISfcWXQTi5guKBEXZ4MvH tXYjeoKL/0hvq/vE+M3xng== 0000040730-05-000098.txt : 20051117 0000040730-05-000098.hdr.sgml : 20051117 20051117171906 ACCESSION NUMBER: 0000040730-05-000098 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051116 ITEM INFORMATION: Other Events FILED AS OF DATE: 20051117 DATE AS OF CHANGE: 20051117 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: 001-00043 FILM NUMBER: 051213395 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 grwletter111705.txt G. RICHARD WAGONER, JR. STATEMENT TO GM EMPLOYEES UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549-1004 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) November 16, 2005 GENERAL MOTORS CORPORATION -------------------------- (Exact Name of Registrant as Specified in its Charter) STATE OF DELAWARE 1-143 38-0572515 ----------------- ----- ---------- (State or other jurisdiction of (Commission (I.R.S. Employer Incorporation or Organization) File Number) 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 -------------- ================================================================================ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01. OTHER EVENTS On November 16, 2005, Rick Wagoner, Chairman and CEO of General Motors Corporation (GM) issued the following statement to GM employees: For the Record... We're going through a rough patch of road these days, and it's attracting a lot of opinions about our Company and its future. Some of these opinions are thoughtful and helpful... others are less so, and in some cases, they're just plain wrong. It's those that particularly bother me, and I'm sure, many of you as well. One that falls in that latter category is the discussion by some of a hypothetical GM plan to declare bankruptcy. I'd like to just set the record straight here and now: there is absolutely no plan, strategy or intention for GM to file for bankruptcy. Despite the recent large losses in our U.S. business, GM has a robust balance sheet and strong liquidity - $19 billion in cash at the end of the third quarter, plus $16 billion in long-term VEBA* assets, which provides us further significant liquidity support. The large losses at GMNA are unsustainable, for sure, and require a comprehensive strategy to address them... a strategy that must be implemented promptly and effectively, to get our U.S. business profitable again. And, that is just what we are doing with our turnaround plan. The plan is well known to you: (1) exciting new products, (2) revitalizing our sales and marketing strategy, (3) major reductions in cost and improvements in quality, and (4) reducing our health care cost burden. And, we are seeing progress... as but one example, the historic health care accord with the UAW was ratified last Friday. There is, for sure, more to do. But these actions, along with other initiatives such as globalizing our key business activities and exploring ways to improve GMAC's credit ratings, are all designed to get us back to a robust earnings and cash flow position. All of this certainly involves changes... in many cases, significant changes that affect us personally. But, in the challenging circumstances that we are facing in the U.S., it's clear that such changes are necessary. What we do not intend to do is file for a bankruptcy reorganization. That is not only unnecessary; it would be clearly contrary to the interests of our employees, our stock and bond holders, our dealers, and our suppliers and importantly, our customers. What we are doing is taking the necessary steps to get our business profitable. Thanks as always for your support. Rick * The Voluntary Employees' Beneficiary Association trust provides funds for retiree health care. # # # SIGNATURES 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: November 17, 2005 By: /s/PETER R. BIBLE --- ----------------- (Peter R. Bible, Chief Accounting Officer) -----END PRIVACY-ENHANCED MESSAGE-----