Shares of Ford Motor (NYSE: F) are sinking after the automaker posted a less-than-stellar earnings report.

As of 9:58 a.m. (New York time) Ford stock is down 8.44 percent to trade at $17.20 per share.

Ford, which did not receive a bailout from the government, posted net income of $190 million, or $0.05 per share, versus $886 million and $0.25 per share in the year-ago period.