In the last three months, 15% of all cars sold in the US carried the famous blue oval of Ford Motor Company. Ford has reported its sixth consecutive quarterly profit with a net income of US$1.7 billion, a rise of $690m (68%) on the same period of 2009. As a result, Ford announced that it will pay down its debt earlier than anticipated. The company has a $5.8 billion debt repaid so far.

Ford president, Alan Mulally, said:

“This was another strong quarter and we continue to gain momentum with our One Ford plan”

“The key drivers for improvement in 2011 will be our growing product strength, a gradually strengthening economy and an unrelenting focus on improving the competitiveness of all our operations”