-----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, MkpVyw6dY3ZC+xDzinsicK75E1hAdCLT0R4Y5m7AX02M7pH9x8bmG1mo4qjATtll V9Gxlclj1RnIkUnIjyHv3g== 0000040730-99-000026.txt : 19990412 0000040730-99-000026.hdr.sgml : 19990412 ACCESSION NUMBER: 0000040730-99-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990405 ITEM INFORMATION: FILED AS OF DATE: 19990409 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: 99590811 BUSINESS ADDRESS: STREET 1: 100 RENAISSANCE CTR CITY: DETROIT STATE: MI ZIP: 48265-1000 BUSINESS PHONE: 3135565000 MAIL ADDRESS: STREET 1: 3044 W GRAND BOULEVARD CITY: DETROIT STATE: MI ZIP: 48202-3091 8-K 1 STRETCH INCOME 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) April 9, 1999 ----------------- 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 48265-1000 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 Management of General Motors Corporation (GM) has established 1999 "stretch" net income targets for its automotive regions and General Motors Acceptance Corporation (GMAC). General Motors North America has a "stretch" net income target of $4 billion. General Motors Europe (including Saab Automobile A.B.) has a "stretch" net income target of $900 million. The General Motors Latin America/Africa/Mid-East and General Motors Asia Pacific regions, due to the economic conditions in those regions, have "stretch" targets of limiting net losses to approximately those reported in 1998. GMAC has a "stretch" net income target of $1.5 billion. The 1999 net income levels comprehended by the "stretch" targets are significantly higher than levels established through GM's traditional business planning process. Consequently, management views "stretch" targets as having a significantly lower likelihood of achievement. The principal important factors which may cause actual results to differ materially from those expressed in the above forward-looking statements made by the management of GM are set forth in GM's Form 10-K for the year ended December 31, 1998 at page II-22. * * * * * * 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 April 9, 1999 ----------------- By s/Peter R. Bible ------------------------------- (Peter R. Bible, Chief Accounting Officer) - 2 - -----END PRIVACY-ENHANCED MESSAGE-----