Profits at Detroit Three set up perfect storm for UAW negotiations

The Detroit Three's nearly $21 billion combined profits in the first half of 2023, reported this week, are likely to intensify demands by the United Auto Workers in national contract talks this summer. Ford Motor Co. said Thursday it made $3.7 billion in net income in the first six months of the year, up from a loss of $2.4 billion in 2022. That included $1.9 billion in net income in the second quarter, nearly triple the results from the April-to-June quarter last year. As a result, the Dearborn, Michigan, automaker increased its full-year guidance by $2 billion in adjusted operating income, b...