DEARBORN, Mich. -- Ford Motor Company has posted its first quarterly profit in two years.

The gain of $750 million or 31 cents a share is better than expected. This compares with a net loss of 17 cents per share, or $317 million, in the second quarter of 2006. Analysts were looking for a quarterly loss for this year.

Ford's second-quarter revenue was $44.2 billion, up from $41.9 billion a year ago. The increase primarily reflected currency exchange, mix and net pricing improvements, partially offset by lower volume.

The automaker cites year-over-year improvement in all of its automotive operations, as well as cost cuts due to restructuring and special items that totaled $443 million. That includes a gain from the sale of Aston Martin.

Ford also confirms it is looking into the potential sale of Jaguar and Land Rover based on discussions with parties that have expressed interest in the British units. And Ford said it is conducting a strategic review of Volvo "that likely will conclude prior to year end."