Ford has announced a shock $750m (£350m) profit for the second quarter of the year, giving the company its first quarterly profits rise in two years.
The company figures beat analysts' expectations and mark a significant turnaround on the same period last year when the US car giant recorded losses of $319m.
A major contributor towards the vastly improved results was the sale of Aston Martin earlier in the year, which helped Ford increase pre-tax results by $443m.
Operating profits in the second quarter rose to $258m compared with operating losses of $118m in 2006.
Ford president and CEO Alan Mulally, said "Our team is very encouraged by the significant progress we are making. We recognize the challenges that lie ahead and remain fully committed to delivering our plan."
