UPDATE 3-Ford swings to surprising 2nd-quarter profit

Newswire

(Adds analyst comments, quote from CEO, updates stock price) By Poornima Gupta DETROIT, July 26 (Reuters) - Ford Motor Co on Thursday posted its first profit in two years on a surprising turnaround in its auto business and cost cutting in its troubled U.S. operations, pushing its shares up over 3 percent. Ford also said it was exploring a sale of its Jaguar and Land Rover luxury units, a spin-off Ford executives said they now viewed as probable. The No. 2 U.S. automaker also said it ...

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