TYPE: 425
SEQUENCE: 1
DESCRIPTION: FILING OF COMMUNICATION
Filed by General Motors Corporation (GM)
Subject Company - General Motors Corporation
Pursuant to Rule 425 under the Securities Act of 1933
File No. 333-30826
The following communication contains forward-looking statements within the
meaning of the Safe Harbor Provisions of the Private Securities Litigation
Reform Act of 1995. Reference made in the following are based on management's
current expectations or beliefs and are subject to a number of factors and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements.
The principal risk factors that may cause actual results to differ materially
from those expressed in forward-looking statements contained in this
communication are described in various documents filed by GM with the U.S.
Securities and Exchange Commission (SEC), including GM's Annual Report on Form
10-K for the year ended December 31, 1999.
The following is a GM e-newsletter issued on March 28, 2000.
* * * * * * * * *
GM Global Leadership e-newsletter
Volume 2, Issue 4
Welcome! This e-newsletter is published by GM Internal Communications for
General Motors executives worldwide. Its purpose is to summarize important GM
news and provide insights on leadership.
Rick Wagoner on e-commerce: "This is a huge initiative for us. It has the
opportunity to affect every aspect of our business. A great example of that is
TradeXchange -- taking a core GM process and turning it into an interesting
business opportunity on the Internet. But the biggest aspect of all e-business
is what this means internally -- how we use e-tools, how we run our business,
how we interact with our employees, customers, suppliers and dealers. That's
going to be the biggest return for us, and we've really taken some big steps
forward in this area. I am proud of the outstanding teamwork displayed by our
people and the progress we are making."
The most beautiful car: An international jury of journalists, artists and
designers have designated the new Opel Astra Coupe The Most Beautiful Car In The
World. Hans Seer, Opel's Director of Design, received the award in a ceremony
during the international exhibition "Design in Motion 2000" at the Triennale in
Milan, Italy. Opel's elegant sporty newcomer is built by Bertone, the respected
Italian coachbuilding and design specialists near Turin, Italy, and will go on
sale throughout Europe in spring 2000.
New York auto show: Seven of the nine GM concept vehicles introduced in 2000
will be exhibited for the first time together during the New York auto show
April 22-30. They include the GMC Terradyne, Oldsmobile Profile, Cadillac Imaj,
Opel CV1, Opel Zafira Snowtrekker, and two alternative fuel vehicles - Triax and
Precept. Also, two e-vehicle technologies will be shared - Cadillac Infotainment
System and OnStar Personal Calling.
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Offer to exchange stock to commence during second quarter: GM stockholders will
have an opportunity to voluntarily exchange their shares of GM $1 2/3 common
stock for Class H common stock later during the second quarter. This option will
be available to individuals who own shares of GM $1-2/3 common stock directly,
through brokerage accounts or a GM stock savings plan account. A prospectus and
other related exchange offer materials will be delivered to homes (or address of
record) at the commencement of the exchange offer. If you have questions
relating to the exchange materials, call Morrow & Co., GM's information agent at
800.206.5881 or 212.754.8000 (collect calls accepted after commencement of the
exchange offer from 8:00 a.m. to 6:00 p.m. Monday - Friday, ET). If you have
questions regarding how to participate in the offer through your GM stock
savings plan, contact the GM Investment Service Center at 800.489.4646 or
606.491.8257 (collect calls accepted after commencement of the exchange offer
Monday - Friday, from 8:30 a.m. to midnight, ET). STOCKHOLDERS ARE URGED TO READ
THE IMPORTANT INFORMATION IN GM'S PROSPECTUS RELATING TO THE EXCHANGE OFFER
WHICH WILL BE ON FILE AT THE SEC AND WILL BE AVAILABLE FREE OF CHARGE AT ITS
WEBSITE, www.sec.gov, AT GM'S WEBSITE AND FROM GM STOCKHOLDER SERVICES. THIS
COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL OR SOLICITATION TO BUY IN
CONNECTION WITH THE PLANNED EXCHANGE OFFER, WHICH WILL ONLY BE MADE BY MEANS OF
AN APPROPRIATE PROSPECTUS.
Global employee census: In keeping with the spirit of being "one company," and
acknowledging the need to listen better to all of our employees, GM is
transitioning from a multiple survey process across the regions to a common
global census. The Global Census Launch Team has partnered with International
Survey Research (ISR) to align the survey with GM's vision and values, and to be
able to normalize results within national cultures. The survey will have a core
of global and regional questions as well as a section that provides for local
flexibility. All GM employees will participate in the census in June; the data
will be ready for executive review and leadership roll-outs by mid-September.
Global climate coalition: GM has decided not to renew its membership in the
Global Climate Coalition (GCC). In a letter to the GCC, Dennis R. Minano, GM
vice president, Environment & Energy, and chief environmental officer, indicated
that GM will continue to be active in the global climate public policy arena.
Minano also outlined GM's position, summarized as follows: GM believes there is
enough cause for concern to take actions to address global greenhouse gas
emissions and the risk from potential change; GM is aggressively developing
advanced technologies for its products and implementing energy efficiency and
greenhouse gas reduction strategies in its plants; GM believes the development
of new, cost-effective technologies is the most effective long-term response;
and GM continues to oppose ratification of the Kyoto Protocol as well as command
and control regulation such as CAFE.
GM puts the "stock" back in stock car racing: GM Powertrain and the American
Speed Association (ASA) are putting the "stock" back in stock car racing with
the racing debut of the production-based Vortec ASA 5700 V8 engine. The engine
powers all race cars in the 2000 ASA ACDelco Challenge Series. The Vortec
engines' low cost and high-performance will allow the ASA series to improve
competition. The reliable, durable, Vortec engines are identical for all race
teams, putting the competitive advantage in the driver's hands. The engines are
also about one-third the cost of the series' previous privately built V-6 units,
which allows more teams to enter. A benefit to GM will be the opportunity to
evaluate one of its most prized engines in a demanding, high-load environment.
More information on the ASA 5700 V8 engine can be found on
http://powertrain.gm.com/ .
Recommended reading: In Customers.com: How to create a profitable Business
Strategy for the Internet and Beyond, well-known technology consultant Patricia
Seybold tackles an old subject - customer relationships - from a relatively new
perspective: the Internet. In this book, you'll learn that you can't do business
on the Internet in a vacuum. You'll also learn what it takes to link these
customer-facing initiatives back through the rest of your operational systems
and out to those of your suppliers. For more information on this and other
books, visit the GM library at http://www.gmr.com/lib. If you are interested in
purchasing any of the books featured here stop at your favorite bookstore, visit
http://www.amazon.com or other electronic sources for books.
Thought for the day: "Do you know how your organization and your customers can
benefit from your e-business and electronic commerce initiatives?" - Patricia
Seybold
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We appreciate your feedback: If you recently sent us comments, ideas or
suggestions, we'd like to thank you. Please continue to send us your comments
and ideas for topics by replying to this e-mail or by calling 8.255.9005 or
313.665.9005.
While General Motors has filed a Registration Statement on Form S-4,
including a preliminary prospectus, regarding the exchange offer with the SEC,
it has not yet become effective, which means it is not yet final. GM urges
holders of GM $1-2/3 common stock to read the final Registration Statement on
Form S-4, including the final prospectus, regarding the exchange offer referred
to above, when it is finalized and distributed to GM $1-2/3 common stockholders,
as well as the other documents which General Motors has filed or will file with
the SEC, because they contain or will contain important information for making
an informed investment decision. Holders of GM $1-2/3 common stock may obtain a
free copy of the final prospectus, when it becomes available, and other
documents filed by General Motors at the SEC's web site at at General Motors'
web site at or from General Motors by directing such request in writing or by
telephone to: GM Fulfillment Center, 30200 Stephenson Hwy. (MC 480-000-FC1),
Madison Heights, Mich. 48071. Telephone: (313) 667-1500, menu option #2. This
communication shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of securities in any state in which
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. No offering of
securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended. Inquiries
from the news media should be directed to GM Corporate Communications at
212-418-6380.
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