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) January 9, 1998
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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 (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
100 Renaissance Center, Detroit, Michigan 48243-7301
3044 West Grand Boulevard, Detroit, Michigan 48202-3091
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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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ITEM 5. OTHER EVENTS
General Motors Corporation ("GM") previously disclosed that in response to
the increasingly competitive global automotive industry, it had begun studying
the competitiveness of each of its lines of business (the "Competitiveness
Studies"). The Competitiveness Studies are substantially complete and are
expected to result in charges against income in the fourth quarter of 1997.
Previously, GM estimated that those charges would be approximately $2 billion to
$3 billion after-taxes. Currently, GM estimates that the charges for plant
closures, asset impairments and other costs will be approximately $3 billion to
$4 billion after-taxes or $4.27 to $5.69 per share of $1-2/3 par value common
stock. GM will continue to study its efficiency and cost effectiveness and, as
necessary, will initiate further competitiveness studies.
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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
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(Registrant)
Date January 9, 1998
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By
s/Wallace W. Creek
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(Wallace W. Creek, Comptroller)
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