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) March 31, 2006
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:
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(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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[ ] 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 8.01 - Other Events
GM Statement on Delphi Court Motions
General Motors Corp. (NYSE: GM) today said it is disappointed with Delphi
Corp.'s (DPHIQ) decision to seek authority to reject certain supply contracts
with GM but it remains committed to working with Delphi and its unions to reach
a consensual agreement.
"We disagree with Delphi's approach but we anticipated that this step might
be taken," said Rick Wagoner, GM chairman and chief executive officer. "GM
expects Delphi to honor its public commitments to avoid any disruption to GM
operations. "
Delphi's motion for authority to reject certain GM supply contracts, as
well as the company's motion to reject its labor contracts, is consistent with
past practices of other suppliers in Chapter 11.
"Motions to reject labor agreements are fairly common in reorganization
proceedings and we have seen this approach play out to agreed resolutions in
other cases," Wagoner said. "GM will continue to work with Delphi, its unions
and the court to achieve a consensual agreement that makes sense and is
financially viable for all of the parties. We believe the special attrition
program we agreed to with the UAW and Delphi last week is indicative of GM's
commitment to reaching such an agreement."
GM's objective in the Delphi reorganization remains to ensure that Delphi
can continue as a viable important supplier to GM on terms that make sense for
both GM and its stockholders.
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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
(Registrant)
Date: March 31, 2006 By: /s/PETER R. BIBLE
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(Peter R. Bible, Chief Accounting
Officer)