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) April 18, 2001
                                  --------------




                           GENERAL MOTORS CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)




      STATE OF DELAWARE                 1-143                 38-0572515
----------------------------   -----------------------    -------------------
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer
 of incorporation)                                        Identification No.)




   300 Renaissance Center, Detroit, Michigan                 48265-3000
--------------------------------------------                 ----------
  (Address of principal executive offices)                   (Zip Code)







Registrant's telephone number, including area code       (313)-556-5000
                                                         --------------





















                                      - 1 -

ITEM 5. OTHER EVENTS

The  following  is  a  copy  of  a  press  release   issued  by  General  Motors
Corporation's  (GM's)  49%  affiliate  Isuzu on April  18,  2001  regarding  the
restructuring of Isuzu operations. In a conference call with securities analysts
and the media on April 18, 2001, John Devine,  Vice Chairman and Chief Financial
Officer made the following  observations  with respect to Isuzu's press release.
On March 31, 2001 the book value of GM's  investment  in Isuzu was $167 million.
In accordance with accounting principles generally accepted in the United States
of America,  GM is required to reduce the book value of the  investment  by GM's
share of Isuzu's losses until such investment is reduced to zero.  Subsequently,
GM would not be required to provide for additional losses of Isuzu unless GM has
guaranteed  obligations  of Isuzu or  otherwise  committed  to  provide  further
financial  support.  Although GM has not committed to provide further  financial
support  to Isuzu,  GM  continues  to view Isuzu as a very  important  strategic
partner and will continue to provide management support.

TRANSLATION

                    Announcement on the Downward Revision of
       Isuzu Consolidated/Non-consolidated Financial Performance Forecasts
                        for Fiscal Year Ending March 2001

                                                                  April 18, 2001
                                                               Isuzu Motors Ltd.

In view of recent business performance,  Isuzu Motors Limited wishes to announce
following   adjustments  and  changes  in  the  forecasts  of  consolidated  and
non-consolidated financial performance for fiscal year ending March 2001:

1.  Consolidated earnings:

    (1) Adjustments and changes made in the financial performance forecasts for
        fiscal year ending March 2001.
                                                   (Unit: Millions of Yen, or %)
        ------------------------------------------------------------------------
        Non-consolidated     Sales revenue     Working profit      Net Income
                                                   (loss)             (loss)
        ------------------------------------------------------------------------
        (A) Previous           1,530,000         (32,000)            (19,000)
            forecast
            as of Nov.
            2000
        ------------------------------------------------------------------------
        (B) Adjusted/          1,530,000         (50,000)            (67,000)
            changed as of
            Apr. 18, 2001
        ------------------------------------------------------------------------
        Changes (B - A)                0         (18,000)            (48,000)
        ------------------------------------------------------------------------
        Changes in %                   -               -                   -
        ------------------------------------------------------------------------
        Previous year's     1,506,642        (68,047)       (104,186)
        actual (ending
          Mar. 2000)
        ------------------------------------------------------------------------

        (2) Primary reasons of downward revision:
            a) Due to downward revision in non-consolidated earnings forecast
            b) Earnings shortfall due to intensifying sales competition in
               domestic market, etc.

2.  Non-consolidated earnings:

    (1) Adjustments and changes made in the financial performance forecasts for
        fiscal year ending March 2001.
                                                   (Unit: Millions of Yen, or %)
        ------------------------------------------------------------------------
        Consolidated         Sales revenue     Working profit      Net Income
                                                   (loss)            (loss)
        ------------------------------------------------------------------------
        (A) Previous             820,000          (5,000)            (11,500)
            forecast as of
            Nov, 2000
        ------------------------------------------------------------------------
        (B) Adjusted/            830,000         (11,000)            (58,000)
            changed as of
            Apr. 18, 2001
        ------------------------------------------------------------------------
        Changes (B - A)           10,000          (6,000)            (46,500)
        ------------------------------------------------------------------------
        Changes in %                 1.2               -                   -
        ------------------------------------------------------------------------
        Previous year's       836,123        (55,412)       (103,861)
        actual (ending
          Mar. 2000)
        ------------------------------------------------------------------------


                                           - 2 -

    (2) Primary reasons of downward revision:
        a) On working profit basis, due to increase of sales  incentives to cope
           with intensifying competition in domestic market, etc.
        b) On net income basis, due to evaluation losses related to the
           promotion of  structural  reform  of  domestic  dealerships.  Due to
           investment evaluation loss as a result of accounting change to the
           mark-to-market method for the portfolio investments.  Due to
           evaluation  loss on machine and equipment,  in  anticipation of
          future realignment of some manufacturing operations.

3.  Miscellaneous

    Isuzu  Motors is now  developing  a  Mid-term  Business  Plan with an aim of
    restructuring and ensuring stable growth in the future.  Further details, as
    well as the  performance  outlook,  will be announced  upon formal  earnings
    report for FY00 in late May.


                                   * * * * * *


                                    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
                                            --------------------------
                                                    (Registrant)
Date    April 20, 2001
        --------------
                                            By
                                            s/Peter R. Bible
                                            -------------------------------
                                            (Peter R. Bible,
                                             Chief Accounting Officer)














                                      - 3 -
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{"company-data": {"conformed-name": "GENERAL MOTORS CORP", "cik": "0000040730", "assigned-sic": "3711", "irs-number": "380572515", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-00143", "film-number": "1607358"}, "business-address": {"street1": "300 RENAISSANCE CTR", "street2": "MAIL CODE: 482-C34-D71", "city": "DETROIT", "state": "MI", "zip": "48265-3000", "phone": "3135565000"}, "mail-address": {"street1": "300 RENAISSANCE CTR", "street2": "MAIL CODE: 482-C34-D71", "city": "DETROIT", "state": "MI", "zip": "48265-3000"}}
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) April 18, 2001
                                  --------------

                           GENERAL MOTORS CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

      STATE OF DELAWARE                 1-143                 38-0572515
----------------------------   -----------------------    -------------------
(State or other jurisdiction   (Commission File Number)   (I.R.S. Employer
 of incorporation)                                        Identification No.)

   300 Renaissance Center, Detroit, Michigan                 48265-3000
--------------------------------------------                 ----------
  (Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code       (313)-556-5000
                                                         --------------

                                      - 1 -

ITEM 5. OTHER EVENTS

The  following  is  a  copy  of  a  press  release   issued  by  General  Motors
Corporation's  (GM's)  49%  affiliate  Isuzu on April  18,  2001  regarding  the
restructuring of Isuzu operations. In a conference call with securities analysts
and the media on April 18, 2001, John Devine,  Vice Chairman and Chief Financial
Officer made the following  observations  with respect to Isuzu's press release.
On March 31, 2001 the book value of GM's  investment  in Isuzu was $167 million.
In accordance with accounting principles generally accepted in the United States
of America,  GM is required to reduce the book value of the  investment  by GM's
share of Isuzu's losses until such investment is reduced to zero.  Subsequently,
GM would not be required to provide for additional losses of Isuzu unless GM has
guaranteed  obligations  of Isuzu or  otherwise  committed  to  provide  further
financial  support.  Although GM has not committed to provide further  financial
support  to Isuzu,  GM  continues  to view Isuzu as a very  important  strategic
partner and will continue to provide management support.

TRANSLATION

                    Announcement on the Downward Revision of
       Isuzu Consolidated/Non-consolidated Financial Performance Forecasts
                        for Fiscal Year Ending March 2001

                                                                  April 18, 2001
                                                               Isuzu Motors Ltd.

In view of recent business performance,  Isuzu Motors Limited wishes to announce
following   adjustments  and  changes  in  the  forecasts  of  consolidated  and
non-consolidated financial performance for fiscal year ending March 2001:

1.  Consolidated earnings:

    (1) Adjustments and changes made in the financial performance forecasts for
        fiscal year ending March 2001.
                                                   (Unit: Millions of Yen, or %)
        ------------------------------------------------------------------------
        Non-consolidated     Sales revenue     Working profit      Net Income
                                                   (loss)             (loss)
        ------------------------------------------------------------------------
        (A) Previous           1,530,000         (32,000)            (19,000)
            forecast
            as of Nov.
            2000
        ------------------------------------------------------------------------
        (B) Adjusted/          1,530,000         (50,000)            (67,000)
            changed as of
            Apr. 18, 2001
        ------------------------------------------------------------------------
        Changes (B - A)                0         (18,000)            (48,000)
        ------------------------------------------------------------------------
        Changes in %                   -               -                   -
        ------------------------------------------------------------------------
        Previous year's     1,506,642        (68,047)       (104,186)
        actual (ending
          Mar. 2000)
        ------------------------------------------------------------------------

        (2) Primary reasons of downward revision:
            a) Due to downward revision in non-consolidated earnings forecast
            b) Earnings shortfall due to intensifying sales competition in
               domestic market, etc.

2.  Non-consolidated earnings:

    (1) Adjustments and changes made in the financial performance forecasts for
        fiscal year ending March 2001.
                                                   (Unit: Millions of Yen, or %)
        ------------------------------------------------------------------------
        Consolidated         Sales revenue     Working profit      Net Income
                                                   (loss)            (loss)
        ------------------------------------------------------------------------
        (A) Previous             820,000          (5,000)            (11,500)
            forecast as of
            Nov, 2000
        ------------------------------------------------------------------------
        (B) Adjusted/            830,000         (11,000)            (58,000)
            changed as of
            Apr. 18, 2001
        ------------------------------------------------------------------------
        Changes (B - A)           10,000          (6,000)            (46,500)
        ------------------------------------------------------------------------
        Changes in %                 1.2               -                   -
        ------------------------------------------------------------------------
        Previous year's       836,123        (55,412)       (103,861)
        actual (ending
          Mar. 2000)
        ------------------------------------------------------------------------

                                           - 2 -

    (2) Primary reasons of downward revision:
        a) On working profit basis, due to increase of sales  incentives to cope
           with intensifying competition in domestic market, etc.
        b) On net income basis, due to evaluation losses related to the
           promotion of  structural  reform  of  domestic  dealerships.  Due to
           investment evaluation loss as a result of accounting change to the
           mark-to-market method for the portfolio investments.  Due to
           evaluation  loss on machine and equipment,  in  anticipation of
          future realignment of some manufacturing operations.

3.  Miscellaneous

    Isuzu  Motors is now  developing  a  Mid-term  Business  Plan with an aim of
    restructuring and ensuring stable growth in the future.  Further details, as
    well as the  performance  outlook,  will be announced  upon formal  earnings
    report for FY00 in late May.

                                   * * * * * *

                                    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
                                            --------------------------
                                                    (Registrant)
Date    April 20, 2001
        --------------
                                            By
                                            s/Peter R. Bible
                                            -------------------------------
                                            (Peter R. Bible,
                                             Chief Accounting Officer)

                                      - 3 -