Ford's factory in Genk, Belgium, is one of three European Ford plants set to close under the company's Europe turnaround plan. Photo credit: Ford

Ford (NYSE:F) has had tremendous success turning around its business in North America, where it has gone from massive losses to strong profits in just a few years. Now, the company is working hard to export that success to Europe, where it lost over $1.7 billion last year -- and where it could lose as much as $2 billion more this year.

It's still early in the day for Ford's European turnaround plan, but already there are some big -- and surprising -- signs of progress. In this video, contributor John Rosevear looks at the latest numbers from Europe -- and at whether recent gains will be enough to turn the tide for the Blue Oval.

Fool contributor John Rosevear owns shares of Ford. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.