-----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, JgDZDNj22awARworITukT5vHFeI2zyiSLzMW3m6F+oW62MsFJuGrXg0uW3GpqsHQ 2DYCtB4rOm0YmuVhObxuAw== 0000040730-98-000002.txt : 19980112 0000040730-98-000002.hdr.sgml : 19980112 ACCESSION NUMBER: 0000040730-98-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980109 ITEM INFORMATION: FILED AS OF DATE: 19980109 SROS: CSE SROS: NYSE SROS: PHLX SROS: PSE 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: SEC FILE NUMBER: 001-00143 FILM NUMBER: 98504294 BUSINESS ADDRESS: STREET 1: 100 RENAISSANCE CTR STREET 2: 3044 W GRAND BLVD CITY: DETROIT STATE: MI ZIP: 48243-7301 BUSINESS PHONE: 3135565000 8-K 1 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) January 9, 1998 ----------------- 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.) 100 Renaissance Center, Detroit, Michigan 48243-7301 3044 West Grand Boulevard, Detroit, Michigan 48202-3091 - -------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (313)-556-5000 -------------- - 1 - ITEM 5. OTHER EVENTS General Motors Corporation ("GM") previously disclosed that in response to the increasingly competitive global automotive industry, it had begun studying the competitiveness of each of its lines of business (the "Competitiveness Studies"). The Competitiveness Studies are substantially complete and are expected to result in charges against income in the fourth quarter of 1997. Previously, GM estimated that those charges would be approximately $2 billion to $3 billion after-taxes. Currently, GM estimates that the charges for plant closures, asset impairments and other costs will be approximately $3 billion to $4 billion after-taxes or $4.27 to $5.69 per share of $1-2/3 par value common stock. GM will continue to study its efficiency and cost effectiveness and, as necessary, will initiate further competitiveness studies. * * * 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 January 9, 1998 ----------------- By s/Wallace W. Creek ------------------------------- (Wallace W. Creek, Comptroller) - 2 - -----END PRIVACY-ENHANCED MESSAGE-----