* Ford raises Q2 North American production

* Q3 production plan higher than Q2, down from year ago

* Ford stock rose 6.6 percent on Monday

By David Bailey

DETROIT, June 1 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research), the only
U.S. automaker not in bankruptcy, said on Monday it is watching
the industry's upheavals closely to ensure its own restructuring
stays on track and has quietly raised its production plans.

Ford, which has posted losses of more than $31 billion since
the start of 2006, said it has increased North American
production incrementally in the second quarter and plans to
build more vehicles in the third quarter than a year earlier.

The automaker also said it does not expect any major
disruptions to its operations as a result of the bankruptcy
filing by rival General Motors Corp GM.N on Monday.

GM plans a sale of its key assets that would result in the
U.S. government owning more than 60 percent of the automaker
within three months. GM's restructuring includes cutting brands,
dealerships, plants, hourly and salaried workers.

Meanwhile, Chrysler LLC, in bankruptcy since April 30,
received court approval to move forward on its planned sale to a
group led by Fiat SpA (FIA.MI: Quote, Profile, Research). Chrysler shuttered its North
American plants for the bankruptcy.

"We look forward to working with the Obama administration to
ensure that the government's majority ownership of GM will not
change the industry's competitive dynamics and that a level
playing field will be maintained," Ford said.

Ford said it remains committed to completing its
restructuring without seeking U.S. government emergency aid.

Ford said it would increase its previous second-quarter
production plan by 10,000 vehicles to 445,000 mainly in
crossovers and pickup trucks. That still ranks 35 percent below
Ford's production of 685,000 in the second quarter of 2008.

Ford said it planned to build 460,000 vehicles in North
America in the third quarter, up about 10 percent from a year
earlier, when it built 418,000 vehicles.

The Ford third-quarter production plan cuts back car
production by 34,000 units and raises truck production by 76,000
vehicles from a year earlier.

In the third quarter of 2008, Ford had raised car production
and cut back on trucks to meet increased consumer demand for
smaller vehicles that was spurred by the jump in U.S. gasoline
prices.

Ford shares rose 6.61 percent to close at $6.13 on Monday on
the New York Stock Exchange.
(Additional reporting by Poornima Gupta, editing by Matthew
Lewis)