DETROIT – General Motors reported adjusted earnings of $3.2 billion in the second quarter, up 39% over last year and driven almost entirely by North American profits. The Wall Street Journal reported that GM’s quarterly revenue was $44.7 billion, 25% more than last year and “a post-bankruptcy record.” GM far exceeded analysts’ expectations and raised its full-year adjusted earnings forecast to between $12 billion and $14 billion. The 150,000 UAW members at GM, Ford and Stellantis began negotiations for a new contract with the three automakers this month. Altogether, the Big Three made a quarter-trillion dollars in North American profits over ...
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