Losses could reach $9 billion as second-largest U.S. automaker struggles to gain traction.

Dan Warshawer doesn't hide his enthusiasm. "I've been in the car business all of my life and I've never seen anything like this," he says. "It really is fantastic. I love it." Warshawer, the operations manager of Michael...

With the hiring of a new chief executive, Ford is said to believe it can resolve its financial crisis without any outside help.