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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 14, 2004
(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 2.02 Results of Operations and Financial Condition
GMAC THIRD QUARTER 2004 EARNINGS SUMMARY
Reflecting strong performance from GMAC's diversified businesses, GMAC earned
$656 million in the third quarter of 2004, representing an increase of $26
million from the $630 million earned in the same quarter of 2003.
Net income from financing operations totaled $259 million in the third quarter
of 2004, compared to $320 million earned in the same period in 2003. Improved
credit experience and favorable vehicle remarketing results were more than
offset by lower net margins on stable asset levels.
Mortgage operations earned $302 million in the third quarter of 2004, an
increase of $49 million from the same period in 2003. Increases in interest
rates, while negatively impacting loan production and securitization volumes,
have favorably impacted net servicing income.
GMAC Insurance net income of $95 million for the third quarter was a $38 million
increase from the prior year. Operational strength across the business unit
contributed to improved net underwriting results, while investment income
remained stable, as compared to the prior year.
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 14, 2004 /s/ SANJIV KHATTRI
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Sanjiv Khattri
Executive Vice President,
Chief Financial Officer and Director
Dated: October 14, 2004 /s/ LINDA K. ZUKAUCKAS
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Linda K. Zukauckas
Vice President and Corporate Controller