Separately, Credit Suisse auto analyst Chris Ceraso cut his rating on GM to 'Underperform' from 'Neutral,' saying the restructuring demanded of GM 'will require the complete and/or near-complete elimination of existing GM equity.' The bailout, announced by the White House on Friday, requires GM and Chrysler to achieve 'viability' by March 31. The loans may be called back if the government determines the automakers haven't met that goal. Shares of GM plunged 77 cents, or 17.2 percent, to $3.72 in early afternoon trade. Ford did not lobby for government help, saying it has access to enough cash to survive the auto industry downturn. Still, its shares lost 35 cents or 11.9 percent, to $2.60. U.S.-traded shares of foreign automakers also declined. Toyota Motor Corp. said Monday it expected to post its first operating loss since it began releasing such reports in 1941, citing the crumbling automobile market. Shares of Toyota lost $3.27, or 5.2 percent, to $61.11. Nissan Motor Co. shares fell 3 cents to $6.53. Daimler AG shares gave up $1.17, or 3.3 percent, to $34.50. Bucking the trend, Honda Motor Co. shares rose 20 cents to $20.53.