Ford's Fiesta is one of Europe's best-sellers, and lately, sales have been up. Photo credit: Ford Motor Co.

It's hard to be a global automaker. In recent times, Ford (NYSE:F) has seen its U.S. factories pushed to their limits -- even as several of its European factories aren't busy enough to make money.

Ford's losses in Europe have piled up over the last couple of years, but the company is making moves to restore its Old World operations to profitability. In this video, contributor John Rosevear talks about Ford's latest moves to close two factories in Britain, and at the status of Ford's unfolding plan to turn around its troubled European unit.