“Ford has announced profits of almost $1bn (£611m) between July and September thanks to increased market share and a successful cost-cutting programme.
Pre-tax profit for the quarter came in at $997m, compared with a loss of $161m a year earlier. Revenue was $30.9bn, down $800m on a year ago.
The US carmaker said it was making “tremendous progress despite the slump in the global economy”.
Ford’s shares closed up 8.3% following the announcement.
The firm also said it expected to be “solidly profitable” during 2011.”