Sales of the Fiesta have been a bright spot for Ford in the troubled European market. Photo credit: Ford Motor Co.

Ford (F 0.12%) has made terrific progress here in North America. Powered by strong new products and newfound cost efficiencies, Ford North America now enjoys the kind of profit margins that were once limited to small luxury-car brands. 

Now, Ford is exporting that magic to Europe, where it has lost billions over the last few years. In this video, Motley Fool contributor John Rosevear gives you the scoop on Ford's efforts to turn around its European operation -- and tells you what to watch for when the Blue Oval reports third-quarter earnings next week.