Ford Motor, the only major U.S. carmaker to avoid bankruptcy, reported record third-quarter net income of $1.69 billion and said it is paying down debt faster than planned. The result topped its previous third-quarter high of $1.13 billion, set in 1997. CEO Alan Mulally has revived Ford by improving quality and expanding offerings of the namesake brand to lure buyers with higher incomes. New models such as the Fiesta subcompact and Super Duty pickup trucks lifted Ford's share of U.S. light-vehicle sales to 15.1 percent for the quarter, up from 13 percent two years ago. Buyers of Ford's cars and trucks paid an average of $30,636 per model in September, a 10 percent increase from five years ago.
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