Ford has reported a quarterly profit of $US2.3 billion. It is the only one of the "Big Three" carmakers in the United States not to have gone bankrupt.
However, the profit was largely due to one-off gains related to debt restructuring, with demand for new cars remaining weak.
Excluding the gain, Ford said it made an operating loss of $US424 million. Revenue declined $US11 billion to $US27 billion.
Chief executive Alan Mulally said the business environment was "extremely challenging" worldwide.
Despite the economic downturn, Ford said it gained market share in all the regions, when compared with the second quarter of 2008.
Although Ford has managed without a US government bail-out, it has not escaped unscathed from the financial crisis and economic downturn.
The BBC reports the company has already cut thousands of jobs and closed factories to reduce costs.
It is also considering the sale of its Swedish brand Volvo to raise cash, after already selling Jaguar and Aston Martin.