-----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, OA9tu8PCI5iUz0nAAeNsllXloEbaD7op5/NxJRKjQNkns/GZbGLlXyxpCVvhqprK DVcgKMMkV5pbpQSzRYXw7w== 0000040730-99-000070.txt : 19990714 0000040730-99-000070.hdr.sgml : 19990714 ACCESSION NUMBER: 0000040730-99-000070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990713 ITEM INFORMATION: FILED AS OF DATE: 19990713 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: 99663815 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 AWARD OF $4.9 BILLION BY JURY AGAINST 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) July 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 On July 9, 1999, a jury in a Los Angeles Superior Court in the matter of Anderson et. al, v. General Motors Corporation, returned a verdict of $4.9 Billion against General Motors in a product liability lawsuit involving a post-collision, fuel fed fire in a 1979 Chevrolet Malibu. The award consisted of $102 million in compensatory damages and $4.8 billion in punitive damages. This case arose out of an accident on December 24,1993. While the plaintiffs were stopped at a red light, they were struck in the rear by a 1977 Buick Regal going approximately 70 mph. The driver of the Regal was intoxicated, having a blood alcohol level of .20, almost three times the California limit. The ensuing post-crash fire burned all of the occupants of the Malibu with the children receiving the most severe burns. Plaintiffs claimed that the Malibu's fuel tank, which was located behind the rear axle, should have been located over the axle. Alternatively they claimed the tank should have been shielded or incorporated a bladder. GM believes that, by any measure, the 1979 Malibu was a safe passenger car. The Malibu's fuel tank location was similar to that in most other vehicles of this size and vintage. The design met or exceeded the applicable FMVSS 301 standard and passed a 50 mph rear-impact test that few cars on the market in 1979 would have. Even the alternative designs suggested by the plaintiffs would have been compromised in this severe crash. Despite other compelling evidence that the Malibu's fuel system was well-designed, GM was not allowed to introduce it. Lastly, although the jury was asked to apportion the non-economic compensatory damages between GM and the driver of the Regal, they were not informed about his intoxication. Due to the fact that GM believes that the design of the subject Chevrolet Malibu was not responsible for plaintiff's injuries and its belief that numerous evidentiary and procedural reversible errors occurred at the trial, GM will vigorously pursue post-trial motions and it's right of appeal. Post-trial motions are expected to take several months. The cost of any bond GM may have to post, if any, is not expected to be material to the corporations financial results. * * * * * * 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 -------------------------- Dated July 13, 1999 ----------------- By s/Peter R. Bible ------------------------------- (Peter R. Bible, Chief Accounting Officer) - 2 - -----END PRIVACY-ENHANCED MESSAGE-----