Automakers Winners & Losers: Ford

NEW YORK -- Shares of major automakers rose on Monday as the broader market rallied and President-elect Barack Obama said he expects the government to "shape a rescue" of the U.S. auto industry.

Stocks climbed across the market after the federal government agreed to inject a fresh $20 billion into Citigroup (C Quote) to help rescue the beleaguered banking giant. In mid-afternoon trading, the Dow Jones Industrial Average was up more than 3% and the Standard & Poor's 500 had gained 4.5%.

Meanwhile, Obama said in a press conference he was surprised the Detroit Three did not have a better-thought-out plan for their future before asking Congress to approve $25 billion in emergency loans. Once he sees the automakers' plan for how they will use the money, Obama said "we're going to be able to shape a rescue."

Executives from General Motors (GM Quote), Ford (F Quote) and Chrysler LLC went before Congress last week to ask for $25 billion in loans, but Congressional Democrats were unwilling to hand over any money without a better idea for how they plan to return to viability. ...