Ford gains on shake-up hopes

DETROIT - Shares of Ford Motor posted their biggest gain in two months after Goldman Sachs removed its "sell" rating from the struggling carmaker, saying the potential payoff from its restructuring would outweigh its weak outlook.

Ford shares were up 4.8 per cent to US$8.28 in afternoon trade on the New York Stock Exchange, the biggest one-day percentage gain since late August when the stock was rallying on expectations of a more aggressive turnaround plan.

- REUTERS