Ford Motor posted a second quarter report with higher than expected earnings, but also the company doubled its estimates for losses in Europe, where debt crisis is far away from being resolved. Soon after the report, company's shares jumped higher than 1 per cent. Company's quarterly revenue declined by 6.2 per cent to $33.3 billion, mostly because of the loss of $404 million in Europe and $66 million in Asia. Company finished second quarter with $1 billion net income, or 26 cents a share.