The shares nosedived as disappointed investors took flight.

But its shares fell as disappointed investors had expected a bigger pay-out.

Ford's shares fell 12 per cent in early trading to $7.95 as the rescue plan disappointed investors.

This disappointed investors, who appeared to be expecting no rate rises in this year, and prompted heavy share selling across the world.

However, a weaker forecast for subscriber additions in the third quarter disappointed investors, who sent its shares down by 12 per cent in late trading last night.