Ford has announced a loss of £0.96bn for the first quarter of this year.
However the motor company said that it spent less money as it continued to restructure, without government aid, during a severe auto sales downturn.
Ford is the only car maker of the "Detroit Big Three" made up of Ford, Chrysler and General Motors (NYSE: GM - news) , not to receive government help.
The second largest US car maker said that it spent £2.5bn more than it took during the quarter - but that the figure is still far less than the £4.9bn it spent in the fourth quarter of 2008.
It said it does not expect to need to a bridge loan from the USgovernment in the future.
Ford president Alan Mulally said:"Our results in the first quarter reflected the extremely difficult business environment and weak demand for autos around the world."
The company said that excluding special items, it expected to be "breaking even, or better" by 2011.
Ford lost 60 cents per share, compared with a gain of 3 cents per share a year ago.
Excluding special items such as gains from the company's debt restructuring, the company lost 75 cents per share.
But analysts predicted a loss of $1.23 per share.
Revenue fell 37% to £17bn - better than what analysts expected with Ford's US sales down 43% from last year.
The company shed its Jaguar and other international nameplates as part of its restructuring.
It is currently in discussions with interested parties regarding the sale of Volvo (Stockholm: VOLV-B.ST - news) .
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