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 18, 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))
TABLE OF CONTENTS
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Item 2.05 Costs Associated with Exit or Disposal Activities
Item 7.01 Regulation FD Disclosure
Signature
Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.2 Fact Sheet
Item 2.05. Costs Associated with Exit or Disposal Activities
On November 18, 2005, General Motors ("GM") determined to implement a
wide-ranging restructuring plan to effect a major capacity reduction of its
manufacturing operations in the United States and Canada. This restructuring
plan, announced on November 21, 2005, is part of a broader comprehensive
four-point plan to return the company to profitability and long-term growth that
was identified by the Corporation at its annual meeting in June of this year.
The restructuring plan is described in more detail in Exhibit 99.1.
GM anticipates that it will record charges for costs and expenses related to
this restructuring plan in the current quarter and future periods, although the
largest portion of the charges are expected to be estimated in the next several
weeks and recorded during the fourth quarter of 2005. In this regard, GM expects
to estimate and record charges in the fourth quarter of 2005 for the idling of a
portion of the affected manufacturing workforce and for the impairment of
facilities and equipment. Additional charges will be identified during the
future periods as GM's ability to reasonably estimate the amount of such charges
becomes possible. At this time the ultimate costs associated with this
restructuring are not estimable. Upon making related determinations GM will
amend this form to set forth such costs.
Item 7.01. Regulation FD Disclosure
A copy of the press release and the fact sheet presented to investors in
connection with the announcement of the restructuring on November 21, 2005 are
attached hereto as Exhibits 99.1 and 99.2 respectively, and are
incorporated herein by reference.
Exhibit Description Method of Filing
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99.1 Press Release Filed herewith
99.2 Fact Sheet Filed herewith
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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 22, 2005 By: /s/PETER R. BIBLE
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(Peter R. Bible,
Chief Accounting Officer)