EXHIBIT 12

GENERAL MOTORS CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(dollars in millions)

	Years Ended December 31,
	2006			2005			2004			2003			2002
				As restated			As restated			As restated			As restated
Income (loss) from continuing operations	$	(1,978	)	$	(10,308	)	$	2,701		$	2,565		$	1,974
Income tax expense (benefit)		(2,785	)		(5,870	)		(1,126	)		569			822
(Income)/losses of and dividends from nonconsolidated associates		182			141			(447	)		(346	)		(134	)
Amortization of capitalized interest		51			47			79			79			73
Income (loss) before income taxes, undistributed income of nonconsolidated associates, and capitalized interest		(4,530	)		(15,990	)		1,207			2,867			2,735
Fixed charges included in income (loss)
Interest and related charges on debt		16,945			15,607			11,948			9,903			7,589
Portion of rentals deemed to be interest		302			294			275			269			289
Total fixed charges included in income (loss) from continuing operations		17,247			15,901			12,223			10,172			7,878
Earnings (losses) available for fixed charges	$	12,717		$	(89	)	$	13,430		$	13,039		$	10,613
Fixed charges
Fixed charges included in income (loss)	$	17,247		$	15,901			12,223		$	10,172		$	7,878
Interest capitalized in the period		44			45			38			33			74
Total fixed charges	$	17,291		$	15,946		$	12,261		$	10,205		$	7,952
Ratios of earnings (losses) to fixed charges								1.10			1.28			1.33

Earnings for the twelve months ended December 31, 2006 and 2005 were inadequate to cover fixed charges. Additional earnings of $4.6 billion for 2006 and $16.0 billion for 2005 would have been necessary to bring the respective ratios to 1.0.