Ford also was profitable in Europe, though its $88 million pre-tax profit there was 81 percent lower than a year ago. It was Ford's ninth consecutive quarterly profit in Europe, but the results were hampered by Great Britain's decision to leave the European Union and lower volume as Ford launched a redesigned Fiesta in the market. Ford said it expects profits will be down about $600 million this year because of Brexit.
Ford lost $53 million in the Middle East and Africa and $185 million in South America. For the full year, Ford said it expects to lose less money in South America than in 2016.
At Ford Credit, second-quarter pre-tax profit jumped 55 percent to $619 million. It was the credit arm's best quarter since 2011. Ford raised its guidance for Ford Credit to better than the $1.5 billion pre-tax profit it had projected, although it did not provide specifics.
Ford also increased its earnings-per-share outlook for the total company, even though pretax profits are on track to decline.
It previously said it expected to generate pre-tax profits of $9 billion in 2017, down from $10.4 billion in 2016 as it invests in "emerging opportunities" such as autonomous and electric vehicles. That translated to an adjusted earnings per share of $1.58 per share.
Ford now says it will end the year with adjusted earnings per share of $1.65 to $1.85, based on expectations of a full-year tax rate of 15 percent.