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) May 1, 2001
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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.)
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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ITEM 5. OTHER ITEMS
On May 1, 2001, General Motors Corporation (GM) issued a news release announcing
April sales and production, as well as second quarter 2001 production estimates.
The release is as follows:
GM April Sales Down 16% as Industry Tapers from Year-ago Record Sales Rate
o April Car Sales Down 15%; April Truck Sales Down 16%
GM Announces April Production Results; Second Quarter Forecast Rises
DETROIT -- General Motors dealers sold 359,499 new cars and trucks in
April in the United States, down 16 percent from April 2000. GM car sales
decreased 15 percent to 181,228 units and truck sales decreased 16 percent to
178,271 units.
"As expected, we're experiencing moderation in consumer demand and April
industry sales were softer than originally forecast. We remain cautiously
optimistic about vehicle sales throughout the remainder of the year and we still
expect a soft landing," said Bill Lovejoy, group vice president of North America
Vehicle Sales, Service and Marketing. "With the spring introduction of key new
vehicles into the marketplace, our dealers are well equipped with a strong
product lineup to help sustain our performance in tougher market conditions."
CYTD & April Strengths
----------------------
GM continued its strength in utility sales in the CYTD-April period, with
full-size utilities again posting the highest gains in the GM lineup. In fact,
GM reported a 12 percent increase in the highly competitive full-size utility
segment during the period. The Chevrolet Tahoe and Suburban, and the GMC Yukon
all posted individual CYTD records.
Other notable strengths for GM include the Chevrolet Impala, which posted
record April sales and has been on a record pace throughout the year.
April Sales Records CYTD Records
------------------- ------------
o Chevrolet Impala o Chevrolet Impala
o Saturn L-Series o Saturn L-Series
o GM Full-size Utilities o GMC Yukon
o GMC Yukon o GM Utilities
o GMC Yukon XL o GM Full-size Utilities
o Cadillac Escalade o Chevrolet Suburban
o Chevrolet Tahoe
o Chevrolet Tracker
o Saturn
GM Announces April Production Totals, Increase in 2nd Quarter 2001 Estimate
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In April, GM produced 405,000 vehicles (197,000 cars and 208,000 trucks)
in North America, down from 470,000 vehicles (235,000 cars and 235,000 trucks)
produced in April 2000. (Production totals include joint venture production of
8,000 vehicles in April 2001 and 13,000 vehicles in April 2000.)
GM announced its second-quarter North American production estimate
(including joint ventures) will increase to 1.332 million vehicles (618,000 cars
and 714,000 trucks), from the previous estimate of 1.3 million vehicles (582,000
cars and 718,000 trucks). The revised estimate is a 15 percent decline from the
second quarter 2000 when we made 1,568,000 vehicles (787,000 cars and 781,000
trucks).
Additionally, GM announced the following second-quarter 2001 production
estimates for its international regions:
o GM Europe - The second-quarter estimate is 504,000 vehicles, down from the
previous estimate of 516,000 vehicles.
o GM Asia Pacific - The second-quarter estimate is unchanged at 65,000 vehicles.
o GM Latin America, Africa and the Middle East - The second-quarter estimate is
169,000 vehicles, up from the previous estimate of 167,000 vehicles.
Note: GM sales and production results are available on GM Media Online at
http://media.gm.com by clicking on the Sales/Production icon.
-------------------
In this press release and related comments by General Motors management, our use
of the words "expect," "anticipate," "estimate," forecast," "objective," "plan,"
"goal" and similar expressions is intended to identify forward looking
statements. While these statements represent our current judgement on what the
future may hold, and we believe these judgements are reasonable, actual results
may differ materially due to numerous important factors that are described in
GM's most recent report on SEC Form 10-K (at page II-20) which may be revised or
supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such factors
include, among others, the following: changes in economic conditions, currency
exchange rates or political stability; shortages of fuel, labor strikes or work
stoppages; market acceptance of the corporation's new products; significant
changes in the competitive environment; changes in laws, regulations and tax
rates; and, the ability of the corporation to achieve reductions in cost and
employment levels to realize production efficiencies and implement capital
expenditures at levels and times planned by management.
# # #
2-1P
GM Car Deliveries - (United States)
April 2001
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Calendar Year-to-Date
(1) April January - April
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%Chg
2001 2000 per S/D 2001 2000 %Chg
--------------------------------------------------
Selling Days (S/D) 25 25
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Century 9,341 11,459 -18.5 39,433 51,199 -23.0
LeSabre 7,341 10,113 -27.4 41,711 43,535 -4.2
Park Avenue 2,517 3,069 -18.0 11,046 15,477 -28.6
Regal 3,549 5,035 -29.5 16,726 22,476 -25.6
Riviera 0 2 ***.* 2 34 -94.1
Buick Total 22,748 29,678 -23.4 108,918 132,721 -17.9
----------------------------------------------------------------------------
Catera 1,151 845 36.2 3,179 3,918 -18.9
DeVille 5,663 9,643 -41.3 29,610 40,588 -27.0
Eldorado 600 742 -19.1 2,501 3,802 -34.2
Seville 1,672 2,008 -16.7 6,945 9,074 -23.5
Cadillac Total 9,086 13,238 -31.4 42,235 57,382 -26.4
----------------------------------------------------------------------------
Camaro 3,189 4,219 -24.4 10,862 14,448 -24.8
Cavalier 23,509 16,631 41.4 88,187 75,511 16.8
Corvette 2,713 3,018 -10.1 10,654 11,086 -3.9
Impala (W) 15,611 15,176 2.9 68,271 58,980 15.8
Lumina 4,267 3,807 12.1 17,057 15,121 12.8
Malibu 15,681 18,216 -13.9 63,490 73,528 -13.7
Metro 543 4,084 -86.7 6,397 15,598 -59.0
Monte Carlo 5,235 6,544 -20.0 23,578 26,217 -10.1
Prizm 5,665 4,431 27.8 19,928 18,941 5.2
Chevrolet Total 76,413 76,126 0.4 308,424 309,430 -0.3
----------------------------------------------------------------------------
Alero 6,923 12,182 -43.2 45,555 46,983 -3.0
Aurora 2,082 2,023 2.9 11,296 5,083 122.2
Cutlass 1 118 -99.2 12 907 -98.7
Cutlass Supreme 0 0 ***.* 0 0 ***.*
Eighty Eight 1 40 -97.5 2 386 -99.5
Intrigue 2,709 4,306 -37.1 14,983 21,567 -30.5
Oldsmobile Total 11,716 18,669 -37.2 71,848 74,926 -4.1
----------------------------------------------------------------------------
Bonneville 3,070 5,031 -39.0 15,562 19,771 -21.3
Firebird 2,227 2,939 -24.2 8,026 10,950 -26.7
Grand Am 12,776 18,325 -30.3 62,937 73,237 -14.1
Grand Prix 9,093 13,421 -32.2 36,343 51,793 -29.8
Sunfire 8,401 7,776 8.0 30,790 28,149 9.4
Pontiac Total 35,567 47,492 -25.1 153,658 183,900 -16.4
----------------------------------------------------------------------------
900 0 15 ***.* 0 37 ***.*
9000 0 3 ***.* 0 16 ***.*
9-3 1,600 1,985 -19.4 6,128 5,928 3.4
9-5 1,014 1,316 -22.9 4,323 4,111 5.2
Saab Total 2,614 3,319 -21.2 10,451 10,092 3.6
----------------------------------------------------------------------------
Saturn EV1 0 11 ***.* 0 172 ***.*
Saturn L Series 7,852 7,169 9.5 32,483 26,067 24.6
Saturn S Series 15,232 17,817 -14.5 56,834 62,618 -9.2
Saturn Total 23,084 24,997 -7.7 89,317 88,857 0.5
----------------------------------------------------------------------------
GM Total 181,228 213,519 -15.1 784,851 857,308 -8.5
----------------------------------------------------------------------------
GM Car Deliveries by Production Source
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GM North America * 177,463 209,355 -15.2 771,221 843,298 -8.5
----------------------------------------------------------------------------
GM Import 3,765 4,164 -9.6 13,630 14,010 -2.7
----------------------------------------------------------------------------
GM Total 181,228 213,519 -15.1 784,851 857,308 -8.5
----------------------------------------------------------------------------
* Includes U.S./Canada/Mexico
(1) Determines Sort Order
2-1P
GM Car Deliveries - (United States)
April 2001
----------------------------------------------------------------------------
Calendar Year-to-Date
(1) April January - April
--------------------------------------------------
%Chg
2001 2000 per S/D 2001 2000 %Chg
--------------------------------------------------
Selling Days (S/D) 25 25
----------------------------------------------------------------------------
GM Car Deliveries by Production Source and Marketing Division
----------------------------------------------------------------------------
Buick Total 22,748 29,678 -23.4 108,918 132,721 -17.9
Cadillac Total 7,935 12,393 -36.0 39,056 53,464 -26.9
Chevrolet Total 76,413 76,126 0.4 308,424 309,430 -0.3
Oldsmobile Total 11,716 18,669 -37.2 71,848 74,926 -4.1
Pontiac Total 35,567 47,492 -25.1 153,658 183,900 -16.4
Saturn Total 23,084 24,997 -7.7 89,317 88,857 0.5
GM North America
Tota1* 77,463 209,355 -15.2 771,221 843,298 -8.5
----------------------------------------------------------------------------
Cadillac Total 1,151 845 36.2 3,179 3,918 -18.9
Saab Total 2,614 3,319 -21.2 10,451 10,092 3.6
GM Import Total 3,765 4,164 -9.6 13,630 14,010 -2.7
----------------------------------------------------------------------------
GM Vehicle Deliveries by Marketing Division
----------------------------------------------------------------------------
Buick Total 22,784 29,678 -23.2 108,954 132,721 -17.9
Cadillac Total 11,682 15,134 -22.8 49,887 66,656 -25.2
Chevrolet Total 201,523 228,229 -11.7 855,503 914,623 -6.5
GMC Total 39,358 47,514 -17.2 164,060 186,607 -12.1
Hummer Total 65 131 -50.4 292 413 -29.3
Oldsmobile Total 15,311 24,054 -36.3 91,865 100,822 -8.9
Other-Isuzu Total 1,365 0 ***.* 5,355 0 ***.*
Pontiac Total 41,713 53,562 -22.1 179,450 209,018 -14.1
Saab Total 2,614 3,319 -21.2 10,451 10,092 3.6
Saturn Total 23,084 24,997 -7.7 89,317 88,857 0.5
GM Total 359,499 426,618 -15.7 1,555,131,709,809 -9.0
----------------------------------------------------------------------------
* Includes US/Canada/Mexico
(1) Determines Sort Order
3-1P
GM Truck Deliveries - (United States)
April 2001
----------------------------------------------------------------------------
Calendar Year-to-Date
(1) April January - April
-------------------------------------------------------
%Chg
2001 2000 per S/D 2001 2000 % Chg
----------------------------------------------------------------------------
Selling Days (S/D) 25 25
----------------------------------------------------------------------------
Rendezvous 36 0 ***.* 36 0 ***.*
Buick Total 36 0 ***.* 36 0 ***.*
----------------------------------------------------------------------------
Escalade 2,596 1,896 36.9 7,652 9,274 -17.5
Cadillac Total 2,596 1,896 36.9 7,652 9,274 -17.5
----------------------------------------------------------------------------
Astro 5,873 10,067 -41.7 22,191 36,417 -39.1
C/K Suburban(Chev) 10,043 10,428 -3.7 45,549 45,298 0.6
Chevy C/T Series 517 849 -39.1 2,104 3,117 -32.5
Chevy P Models & Mtr Hms 3 55 -94.5 27 380 -92.9
Chevy W Series 143 184 -22.3 674 682 -1.2
Express Cutaway/G Cut 1,195 1,802 -33.7 4,485 7,320 -38.7
Express Panel/G Van 5,142 6,265 -17.9 21,598 25,751 -16.1
Express/G Sportvan 1,605 1,278 25.6 5,205 4,833 7.7
S/T Blazer 12,016 18,376 -34.6 68,139 81,561 -16.5
S/T Pickup 12,908 17,838 -27.6 50,570 74,046 -31.7
Silverado-C/K Pickup 51,069 57,490 -11.2 221,663 225,238 -1.6
Tahoe 13,212 13,624 -3.0 59,560 46,039 29.4
Tracker 4,242 3,496 21.3 17,749 16,708 6.2
TrailBlazer 355 0 ***.* 1,447 0 ***.*
Venture 6,787 10,351 -34.4 26,118 37,803 -30.9
Chevrolet Total 125,110 152,103 -17.7 547,079 605,193 -9.6
----------------------------------------------------------------------------
C/K Suburban(GMC) 4 349 -98.9 25 4,078 -99.4
Envoy 430 0 ***.* 2,197 0 ***.*
GMC C/T Series 870 2,540 -65.7 4,037 8,679 -53.5
GMC W Series 368 323 13.9 1,525 1,640 -7.0
P Models & Mtr Hms(GMC) 1 22 -95.5 10 226 -95.6
S/T Jimmy 2,876 6,121 -53.0 19,686 27,445 -28.3
Safari (GMC) 2,059 2,564 -19.7 7,799 12,491 -37.6
Savana Panel/G Classic 2,249 3,367 -33.2 9,193 9,947 -7.6
Savana Special/G Cut 1,243 734 69.3 3,028 3,424 -11.6
Savana/Rally 198 330 -40.0 718 1,241 -42.1
Sierra 14,475 17,765 -18.5 60,787 67,019 -9.3
Sonoma 4,067 3,747 8.5 12,406 16,503 -24.8
Yukon 5821 5,539 5.1 23,384 18,761 24.6
Yukon XL 4,697 4,113 14.2 19,265 15,153 27.1
GMC Total 39,358 47,514 -17.2 164,060 186,607 -12.1
----------------------------------------------------------------------------
Hummer H1 65 131 -50.4 292 413 -29.3
Hummer Total 65 131 -50.4 292 413 -29.3
----------------------------------------------------------------------------
Bravada 866 1,873 -53.8 6,975 10,954 -36.3
Silhouette 2,729 3,512 -22.3 13,042 14,942 -12.7
Oldsmobile Total 3,595 5,385 -33.2 20,017 25,896 -22.7
----------------------------------------------------------------------------
Other-Isuzu F Series 200 0 ***.* 752 0 ***.*
Other-Isuzu N Series 1,165 0 ***.* 4,603 0 ***.*
Other-Isuzu Total 1,365 0 ***.* 5,355 0 ***.*
----------------------------------------------------------------------------
Aztek 2,394 0 ***.* 11,052 0 ***.*
Montana 3,752 6,066 -38.1 14,740 25,095 -41.3
Trans Sport 0 4 ***.* 0 23 ***.*
Pontiac Total 6,146 6,070 1.3 25,792 25,118 2.7
----------------------------------------------------------------------------
GM Total 178,271 213,099 -16.3 770,283 852,501 -9.6
----------------------------------------------------------------------------
GM TRUCK Deliveries by Production Source
----------------------------------------------------------------------------
GM North America * 176,990 212,765 -16.8 765,068 850,904 -10.1
----------------------------------------------------------------------------
GM Import 1,281 334 283.5 5,215 1,597 226.5
----------------------------------------------------------------------------
GM Total 178,271 213,099 -16.3 770,283 852,501 -9.6
----------------------------------------------------------------------------
GM Light Duty Truck Deliveries by Production Source
----------------------------------------------------------------------------
GM North America * 175,004 209,126 -16.3 756,551 837,777 -9.7
---------------------------------------------------------------------
GM Import 0 0 ***.* 0 0 ***.*
----------------------------------------------------------------------------
GM Total 175,004 209,126 -16.3 756,551 837,777 -9.7
----------------------------------------------------------------------------
* Includes U.S./Canada/Mexico
(1) Determines Sort Order
3-1P
GM Truck Deliveries - (United States)
April 2001
----------------------------------------------------------------------------
Calendar Year-to-Date
(1) April January - April
-------------------------------------------------------
%Chg
2001 2000 per S/D 2001 2000 % Chg
----------------------------------------------------------------------------
Selling Days (S/D) 25 25
----------------------------------------------------------------------------
GM TRUCK Deliveries by Production Source and Marketing Division
----------------------------------------------------------------------------
Buick Total 36 0 ***.* 36 0 ***.*
Cadillac Total 2,596 1,896 36.9 7,652 9,274 -17.5
Chevrolet Total 125,008 151,978 -17.7 546,628 604,731 -9.6
GMC Total 39,182 47,305 -17.2 163,262 185,472 -12.0
Hummer Total 65 131 -50.4 292 413 -29.3
Oldsmobile Total 3,595 5,385 -33.2 20,017 25,896 -22.7
Other-Isuzu Total 362 0 ***.* 1,389 0 ***.*
Pontiac Total 6,146 6,070 1.3 25,792 25,118 2.7
GM North American
Total* 176,990 212,765 -16.8 765,068 850,904 -10.1
----------------------------------------------------------------------------
Chevrolet Total 102 125 -18.4 451 462 -2.4
GMC Total 176 209 -15.8 798 1,135 -29.7
Other-Isuzu Total 1,003 0 ***.* 3,966 0 ***.*
GM Import Total 1,281 334 283.5 5,215 1,597 226.5
----------------------------------------------------------------------------
GM Light Truck Deliveries by Production Source and Marketing Division
----------------------------------------------------------------------------
Buick Total 36 0 ***.* 36 0 ***.*
Cadillac Total 2,596 1,896 36.9 7,652 9,274 -17.5
Chevrolet Total 124,447 151,015 -17.6 544,274 601,014 -9.4
GMC Total 38,119 44,629 -14.6 158,488 176,062 -10.0
Hummer Total 65 131 -50.4 292 413 -29.3
Oldsmobile Total 3,595 5,385 -33.2 20,017 25,896 -22.7
Pontiac Total 6,146 6,070 1.3 25,792 25,118 2.7
GM North American
Total* 175,004 209,126 -16.3 756,551 837,777 -9.7
----------------------------------------------------------------------------
GM Light Truck Deliveries by Marketing Division
----------------------------------------------------------------------------
Buick Total 36 0 ***.* 36 0 ***.*
Cadillac Total 2,596 1,896 36.9 7,652 9,274 -17.5
Chevrolet Total 124,447 151,015 -17.6 544,274 601,014 -9.4
GMC Total 38,119 44,629 -14.6 158,488 176,062 -10.0
Hummer Total 65 131 -50.4 292 413 -29.3
Oldsmobile Total 3,595 5,385 -33.2 20,017 25,896 -22.7
Pontiac Total 6,146 6,070 1.3 25,792 25,118 2.7
GM Total 175,004 209,126 -16.3 756,551 837,777 -9.7
----------------------------------------------------------------------------
* Includes US/Canada/Mexico
(1) Determines Sort Order
Detroit - General Motors dealers in the United States today reported the
following vehicle sales:
-------------------------------------------------------------------------------
Calendar Year-to-Date
April January - April
---------------------------------------------------------
Curr S/D: 25 % Chg
Prev S/D: 25 2001 2000 per S/D 2001 2000 % Chg
-------------------------------------------------------------------------------
Vehicle Total 359,499 426,618 -15.7 1,555,134 1,709,809 -9.0
-------------------------------------------------------------------------------
Car Total 181,228 213,519 -15.1 784,851 857,308 -8.5
-------------------------------------------------------------------------------
Truck Total 178,271 213,099 -16.3 770,283 852,501 -9.6
-------------------------------------------------------------------------------
Light Truck Total 175,004 209,126 -16.3 756,551 837,777 -9.7
-------------------------------------------------------------------------------
Light Vehicle Total 356,232 422,645 -15.7 1,541,402 1,695,085 -9.1
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Market Division
Vehicle Total Calendar Year-to-Date
April January - April
---------------------------------------------------------
% Chg
2001 2000 per S/D 2001 2000 % Chg
-------------------------------------------------------------------------------
Buick 22,784 29,678 -23.2 108,954 132,721 -17.9
Cadillac 11,682 15,134 -22.8 49,887 66,656 -25.2
Chevrolet 201,523 228,229 -11.7 855,503 914,623 -6.5
GMC 39,358 47,514 -17.2 164,060 186,607 -12.1
Hummer 65 131 -50.4 292 413 -29.3
Oldsmobile 15,311 24,054 -36.3 91,865 100,822 -8.9
Other - Isuzu 1,365 0 ***.* 5,355 0 ***.*
Pontiac 41,713 53,562 -22.1 179,450 209,018 -14.1
Saab 2,614 3,319 -21.2 10,451 10,092 3.6
Saturn 23,084 24,997 -7.7 89,317 88,857 0.5
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
Sales of Domestically Produced Vehicles
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Car 177,463 209,355 -15.2 771,221 843,298 -8.5
-------------------------------------------------------------------------------
Light Truck 175,004 209,126 -16.3 756,551 837,777 -9.7
-------------------------------------------------------------------------------
Percent change Per selling day calculation is the same as a standard percent
change calculation with the exception of first dividing the units for each month
by their respective selling days. Following is the formula:
((current month units/current month's selling days)/(prior month units/prior
month's selling days)) x 100-100
* American Isuzu Motors, Inc., dealer sales of commercial vehicles distributed
by General Motors Corporation as reported to General Motors by American Isuzu
Motors, Inc.
Please Note: The Light sub-totals will be different than reported the prior year
due to the implementation of 2001 Segmentaqtion, which moved some Light Trucks
to Medium.
# # # #
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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May 1, 2001
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By
/s/Peter R. Bible
-------------------------------
(Peter R. Bible,
Chief Accounting Officer)