Help Me Hank searches for the best sales, deals for April
DETROIT โ Stores all across Metro Detroit and online are holding huge sales. Consumer investigator Hank Winchester hit the shops on Wednesday to see whatโs out there and to see what people should be looking for. Macyโs had huge deals, some prices slashed more than 70 percent. Metro Detroit retailers are also cutting prices, working to get foot traffic in their stores. Some Metro Detroit downtown districts will be offering new incentives to get people back to their local merchants.
Plant closings send GM to 2Q loss, but signs of improvement
The company reported a loss of 50 cents per share excluding one-time items. GM burned through more than $9 billion during the quarter including nearly $8 billion from operations and $1.1 billion in capital spending. GM said sales are showing signs of improvement, and in some areas, such as pickup trucks, have been constrained by low inventory levels as plants came back on line. The company reported strong sales of pickup trucks and new full-size SUVs such as the Chevrolet Tahoe and GMC Yukon. But Japans struggling Nissan reported a $2.7 billion loss (285.6 billion yen) for the period.