Exhibit 12

GENERAL MOTORS CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,
	2005			2004			2003
	(dollars in millions)
Income (loss) from continuing operations	$	(10,458	)	$	2,804		$	2,899
Income tax expense (benefit)		(5,878	)		(916	)		710
(Income)/losses of and dividends from nonconsolidated associates		108			(429	)		(364	)
Amortization of capitalized interest		47			79			79
Income (loss) before income taxes, undistributed income of nonconsolidated associates, and capitalized interest		(16,181	)		1,538			3,324
Fixed charges included in income (loss)
Interest and related charges on debt		15,768			12,015			9,522
Portion of rentals deemed to be interest		295			266			269
Total fixed charges included in income (loss) from continuing operations		16,063			12,281			9,791
Earnings (losses) available for fixed charges	$	(118	)	$	13,819		$	13,115
Fixed charges
Fixed charges included in income (loss)	$	16,063		$	12,281		$	9,791
Interest capitalized in the period		45			38			33
Total fixed charges	$	16,108		$	12,319		$	9,824
Ratios of earnings (losses) to fixed charges		(0.01)			1.12			1.33