Ford's Fiesta continues to be a top-seller in recession-ravaged Europe, where gas prices remain very high. Photo credit: Ford Motor.

Ford  reported a record third-quarter profit this past week. The automaker earned $0.45 a share before taxes and special items, a number that blew away Wall Street estimates, as all of Ford's global regions delivered solid results.


In Europe, Ford lost $228 million. That sounds bad, but it was a $240 million improvement from a year ago, as Ford's ongoing turnaround effort continues to gain steam.

Fool contributor John Rosevear spoke with Ford's chief financial officer, Bob Shanks, shortly after the company's earnings were released on Thursday. In this video, he dives deeper into Ford's third-quarter results in Europe, explaining the high points -- as well as the areas where Ford says it still has work to do.

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The article Record Profits As Ford Cuts Losses in Europe originally appeared on Fool.com.

Fool contributor John Rosevear owns shares of Ford and General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors and owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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