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) August 3, 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

         On  August 3,  1998,  General  Motors  Corporation  (GM)  issued a news
release  regarding the announcement of GM's plans to create a fully  independent
Delphi Automotive Systems. The news release was as follows:


                 GENERAL MOTORS TO CREATE A FULLY INDEPENDENT
                      DELPHI AUTOMOTIVE SYSTEMS DURING 1999

     TROY, Mich. -- General Motors Corporation and its Delphi Automotive Systems
jointly  announced today that the General Motors Board of Directors has approved
in principle proceeding with transactions that would result in Delphi becoming a
fully independent,  publicly traded company during 1999. Delphi,  based in Troy,
Mich.,  is the world's  largest  and most  diversified  supplier  of  automotive
components,  systems and modules. Delphi's annual revenues in calendar-year 1997
were $31.4  billion  and its income  totaled  $1.2  billion,  excluding  special
charges and restated to reflect the inclusion of Delco Electronics' results.
     The board's  approval follows a series of actions to allow Delphi to pursue
more strategic growth and competitive  initiatives on a stand-alone basis. Those
actions began in 1994 with the  establishment of Delphi (then called  Automotive
Components Group Worldwide) as a separate business sector within General Motors,
and was followed by periodic internal consideration of the potential benefits to
Delphi,  GM, and their employees,  that could flow from Delphi's full separation
from General Motors. GM began publicly  disclosing  separate  financial data for
Delphi in March of 1997.  Stockholder approval in December of 1997 of the Hughes
Transactions  paved the way for the integration of Delco Electronics and Delphi,
and today's decision by the GM Board of Directors.
     It is currently  expected that Delphi would be incorporated  and then offer
15-20 percent of its common stock in an initial public offering during the first
quarter of 1999. Later in the year, all of the Delphi shares held by GM would be
distributed  to holders of General  Motors $1-2/3 par value common stock through
one of the following transactions:
          Asplit-off  transaction  in which  Delphi  shares  would be offered in
           exchange   for  GM  $1-2/3  par  value   common  stock  to  those  GM
           stockholders who elected to participate in an exchange offer.

          Aspin-off   transaction  in  which  the  shares  of  Delphi  would  be
           distributed to GM $1-2/3 par value common  stockholders on a pro-rata
           basis.

          Some combination of the above.

     "Either  transaction  would create value for holders of GM $1-2/3 par value
common stock," said GM Chairman,  Chief Executive  Officer and President John F.
Smith,  Jr. GM plans that any  distribution  of Delphi shares to GM stockholders
would be completed on a basis that would be tax-free to GM and its  stockholders
for U.S. federal income tax purposes. General Motors also plans to structure the
separation  to enable GM to  preserve  its  current  credit  ratings,  including
General  Motors  Acceptance  Corporation's  (GMAC) "Top Tier"  commercial  paper
rating, and to allow Delphi to have an investment-grade credit rating that would
be competitive with other major automotive components and systems suppliers.

                                    - 2 -


     "An independent  Delphi would become even more  competitive  than Delphi is
today," said J.T.  Battenberg III,  president,  Delphi Automotive  Systems,  and
executive vice president,  General Motors. "As an independent  company, we would
have greater  opportunities  to leverage our  expertise  in the  integration  of
automotive  systems,  and to take  advantage of  technological  innovation,  our
global sales and manufacturing base, and our significant scale advantages. While
General Motors would continue to be an important customer, Delphi's independence
would   substantially  help  it  attract  additional  business  from  automotive
companies other than GM."
     Smith said Battenberg  would become chairman,  chief executive  officer and
president of Delphi and head an  independent  leadership  team that would manage
the new  Delphi  Automotive  Systems  Corporation,  and a  corporate  board with
independent  directors would be  established.  Delphi would continue to maintain
its  headquarters  in Troy,  a suburb of Detroit.  The  ability of the  separate
management  teams and  boards of  directors  for GM and Delphi to focus on their
individual  businesses,  and the  ability  of  Delphi  to use its own  stock  as
currency for business  acquisitions  and incentive  compensation,  are among the
rationale for and significant benefits expected from a separation.
     "In our October 1997  solicitation  statement for the Hughes  Transactions,
and again in our 1997 10-K annual  report,  we told  stockholders  that once the
integration  of Delco and  Delphi  was  completed  and we had  demonstrated  the
competitiveness  of the  combined  operations,  we would be able to  consider  a
public  offering of Delphi common  stock," Smith said.  "We're  pleased that the
integration  of  Delco  and  Delphi  has  progressed  more  quickly  than we had
anticipated.  That  fact,  and the  findings  of a  comprehensive  study  on the
benefits of separating Delphi from GM, led to the board decision.
     "In  making  this  historic  change  we  intend  to work  closely  with the
leadership  of the  United  Auto  Workers  (UAW),  the  International  Union  of
Electrical  Workers (IUE), and our other unions,  to ensure that Delphi would be
the  strongest  possible  competitor  in the parts  industry,"  Smith said.  "By
establishing  Delphi as an  independent  entity,  both GM and Delphi will become
stronger at an even-faster  rate.  Over the long term this should benefit all of
the workers, as well as the stockholders, of both companies."
     Commenting on Delphi's future labor relations,  Battenberg said, "We intend
to use this opportunity to engage in high-level  dialogue with the leadership of
the UAW and our other unions, and to enter a more constructive relationship with
the  employees  of what will be a new  Fortune 25  company.  The new Delphi will
recognize the unions and assume the terms of GM's pre-separation agreements with
them. We, of course,  will honor the commitments made in last week's settlements
at Delphi plants, including the no-sale provisions."














                                    - 3 -



     Major  points GM and Delphi will  discuss  with  employees  and their union
representatives include:
          Delphi's  commitment to recognize the unions as representatives of its
           hourly  employees,  and Delphi's  assumption  of the  national  labor
           agreements for its hourly employees.

          Pensions,   health-care,   and  other  benefits  of  Delphi's  current
           employees would be continued.

          The  retention  by Delphi's  hourly  employees  of  seniority  rights,
           potential flow-back opportunities, joint programs, and job security.

          Multi-year  contractual supply agreements,  which will be put in place
           for Delphi to continue to be an important supplier to GM.

     "I'm sure there will be other topics we will be discussing with the unions.
The  new  process  we've  jointly  begun  should  help  our   communication  and
understanding," Smith said.
     In general, employees working for Delphi, currently numbering approximately
200,000,  would become employees of the independent  Delphi Automotive  Systems,
with  essentially  the same level of  compensation  and  benefits  as before the
transaction. General Motors would have approximately 400,000 employees following
the separation.
     With  Delphi's   December  1997  addition  of  Delco   Electronics  to  its
operations,  Delphi operates 208 wholly owned manufacturing facilities, 46 joint
ventures and 27 technical  centers in 37 countries.  Regional  headquarters  are
located in Paris, Tokyo and Sao Paulo.
     General Motors Corporation, the world's largest manufacturer of automobiles
and automotive parts, employs approximately 600,000 people and sells products in
160 countries  worldwide.  In 1997,  General  Motors  reported  revenues of $178
billion,  and net income of $6.7  billion.  GM would have had 1997  revenues  of
approximately $172 billion if Delphi had been a separate company throughout that
year.
     An initial  public  offering  and either  split-off  or  spin-off of Delphi
common stock would be subject to the development of definitive separation terms,
further  corporate  approvals and  government  actions,  including  receipt of a
favorable  Internal Revenue Service ruling that the separation would be tax-free
to GM and its  stockholders  for U.S.  federal income tax purposes.  No offer of
Delphi securities will be made except by means of a prospectus. While an initial
public  offering of Delphi common stock is planned for the first quarter of 1999
and a full  separation  later in the year,  it  should be noted  that due to the
numerous uncertainties involved in these matters, there can be no assurance that
an initial public  offering or full separation will be completed as described or
within the time periods outlined above.

                                    # # #






                                    - 4 -



                                    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    August 3, 1998
        -----------------
                                            By
                                            s/Peter R. Bible
                                            -------------------------------
                                            (Peter R. Bible,
                                             Chief Accounting Officer)







































                                    - 5 -