UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549-1004
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 28, 2005
GENERAL MOTORS CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
STATE OF DELAWARE 1-143 38-0572515
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(State or other jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification No.)
300 Renaissance Center, Detroit, Michigan 48265-3000
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (313) 556-5000
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
GM Statement on Delphi Price Agreement
General Motors Corp. (NYSE: GM) today confirmed that it has agreed to
temporarily forgo previously agreed-to 2006 price reductions on components
supplied by Delphi Corp. to GM while Delphi is in talks with its unions on a new
labor contract.
As we have been saying, GM will continue to work constructively in the
bankruptcy court proceedings with Delphi, its unions and other participants in
Delphi's restructuring process in an effort to achieve outcomes that are in the
best interests of GM and its stockholders and that enable Delphi to continue to
be an important supplier to GM.
In this statement and in related comments by General Motors management, our
use of the words "expect", "anticipate", "design," "estimate", "forecast",
"initiative," "objective", "plan", "goal", "project", "outlook", "priorities,"
"targets", "intend", "evaluate," "seek" and similar expressions is intended to
identify forward looking statements. While these statements represent our
current judgment on what the future may hold, and we believe these judgments are
reasonable, actual results may differ materially due to numerous important
factors that are described in GM's most recent report on SEC Form 10-K which may
be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such
factors include, among others, the following: the ability of GM to complete a
transaction with a strategic investor regarding a controlling interest in GMAC
while maintaining a significant stake in GMAC, securing separate credit ratings
and low cost funding to sustain growth for GMAC and ResCap and maintaining the
mutually beneficial relationship between GMAC and GM; changes in relations with
unions and employees/retirees and the legal interpretations of the agreements
with those unions with regard to employees/retirees; changes in economic
conditions, currency exchange rates or political stability; shortages of and
price increases for fuel, labor strikes or work stoppages; health care costs;
market acceptance of the corporation's new products; pace of product
introductions; significant changes in the competitive environment; changes in
laws, regulations and tax rates; and, the ability of the corporation to achieve
reductions in cost and employment levels to realize production efficiencies and
implement capital expenditures at levels and times planned by management.
SIGNATURES
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
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(Registrant)
Date: November 28, 2005 By: /s/PETER R. BIBLE
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(Peter R. Bible,
Chief Accounting Officer)