Did they check the couch cushions? – GM loses $3 billion: “General Motors Corp. lost $3.2 billion in the second quarter because of heavy charges for layoffs and early retirements - part of its massive restructuring program. But, without those charges, the world's largest automaker scored a profit that blew Wall Street away and bolstered management's claim that the turnaround is working.” So it’s short-term bad news but long-term good news.