Ford swings to surprise profit; auto ops improved

Newswire

DETROIT, July 26 (Reuters) - Ford Motor Co on Thursday swung to a surprise second-quarter profit after seven quarters of losses on cost-cutting and a turnaround in its core automotive operations. Ford, which is in the midst of restructuring plan that includes closing 16 plants and cutting up to 45,000 jobs, posted a net profit of $750 million, or 31 cents per share, compared with a loss of $317 million, or 17 cents, a year earlier. Ford's profit from continuing operations, excluding ...

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