Associates First Capital Corp., the finance company mostly owned by Ford Motor Corp., reported record profits of $230.2 million for the third quarter, up 17%.

Per-share earnings rose 18%, to 66 cents.

Associates said it securitized about $1.1 billion of receivables secured by manufactured housing and recreational vehicles in the quarter.

About two-thirds of its receivables are in consumer finance, including real estate-related loans and credit card receivables. The other third is in commercial finance, including heavy trucks.

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