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 30, 2004
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, 48265-3000
Michigan (Zip Code)
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(Address of Principal Executive
Offices)
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 2.05 Costs Associated with Exit or Disposal Activities and
ITEM 2.06 Material Impairments
With respect to Form 8-K, Item 2.05, Costs Associated with Exit or Disposal
Activities, and Item 2.06, Material Impairments:
(a) The facts and circumstances leading up to General Motors Corporation's (GM)
announcement on November 30, 2004 to permanently lay off approximately 950
employees at GM's assembly plant in Linden, New Jersey, are that market
demand for the specific vehicles being produced in that facility has
declined over time and GM expects a continuation of that decline. Due to
determinations regarding the relative cost and efficiency of using the
Linden facility, no future products have been allocated to that facility.
GM expects the lay-offs to occur at the Linden facility during the first
quarter of 2005.
(b) At this time GM is unable to estimate the total amount or range of amounts
expected to be incurred in connection with each major type of cost
associated with this course of action.
(c) At this time GM is unable to estimate the total amount or range of amounts
expected to be incurred in connection with this action.
(d) It is estimated that the principal cash expenditures associated with the
actions at the Linden facility will be the continued payment of
compensation and other benefits to laid-off employees. The amount of such
payments is not currently estimable. GM expects to report in a future
amendment to this Form 8-K an estimate of the monthly amount of such
payments together with GM's indication that such amounts will be declining
after an initial period of several months.
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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 30, 2004 By: /s/PETER R. BIBLE
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(Peter R. Bible,
Chief Accounting Officer)