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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
October 17, 2005
(Date of report; date of
earliest event reported)
Commission file number: 1-3754
GENERAL MOTORS ACCEPTANCE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 38-0572512
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
200 Renaissance Center
P.O. Box 200 Detroit, Michigan
48265-2000
(Address of principal executive offices)
(Zip Code)
(313) 556-5000
(Registrant's telephone number, including area code)
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 (see General Instruction A.2. below):
[ ] 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))
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Item 8.01 Other Events
On October 17, 2005, in its earnings press release filed as an 8-K under Item
2.02, General Motors (GM) announced that the company is exploring options to
further enhance General Motors Acceptance Corporation's (GMAC's) liquidity
position and its ability to support GM/GMAC synergies. In a separate 8-K filed
under Item 8.01, General Motors stated that "GM is exploring the possible sale
of a controlling interest in GMAC to a strategic partner, with the goal of
restoring GMAC's investment grade rating and renewing its access to low-cost
financing. In addition, GMAC will continue to evaluate strategic and structural
alternatives to help ensure that its residential mortgage business, Residential
Capital Corp. retains its investment grade credit ratings".
* * * *
In the Form 8-K our use of the words "expect", "anticipate", "estimate",
"forecast", "objective", "plan", "goal", "project", "outlook",
"priorities/targets", "intend", "evaluate" and similar expressions is intended
to identify forward looking statements. While these statements represent our
current judgment on what the future may hold, and we believe these judgments are
reasonable, actual results may differ materially due to numerous important
factors that are described in our most recent report on SEC Form 10-K which may
be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such
factors include, among others, the following: the ability of GM and GMAC to
complete a transaction with a strategic investor while maintaining a significant
stake in GMAC, securing separate credit ratings and low cost funding for GMAC
and maintaining the mutually beneficial relationship between GMAC and GM; and
the ability to enhance GMAC's liquidity position and support synergies.
Neither GM nor GMAC intends or assumes any obligation to update any of these
forward-looking statements.
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 ACCEPTANCE CORPORATION
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(Registrant)
Dated: October 17, 2005 /s/ SANJIV KHATTRI
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Sanjiv Khattri
Executive Vice President,
Chief Financial Officer and Director
Dated: October 17, 2005 /s/ LINDA K. ZUKAUCKAS
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Linda K. Zukauckas
Vice President and Corporate Controller