Sales at Ford are running ahead of the industry average with a year-over-year gains reaching 13 percent for the first five months of 2013. And overall sales are up an impressive 8.2 percent for the year-to-date.
Meanwhile, business is so brisk that Ford said it plans to add 800 more white-collar workers by the end of 2013 after already signing on 2,200 so far this year.
Going forward, Cramer says there are a slew of reasons to be bullish on this stock.
Well Managed. "First of all, it's the best run auto company in America," said Cramer. "Nobody does it better than Alan Mulally."
Hot Cars. The Ford Focus was the best selling car on earth last year, and when you include the Fiesta and the F-Series pickup, Ford makes three of the top ten best-selling cars worldwide.
Improved Consumer. "We know that home prices are on the rebound, when that happens consumers feel wealthier and they're more likely to spend on a new car," Cramer said.
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Overseas Strategy. Ford has aggressively cut back on its European business and said they're willing to go further in order to become profitable in Europe by the middle of the decade.
Borrowing Costs. "Fitch and Moody's have both upgraded Ford's debt from junk to investment grade," said Cramer. "That gives Ford the ability to borrow much more cheaply."
Other. "Ford's raw costs are coming down and the company's deal with the United Auto Workers gives them stability on labor costs at least through 2015," said Cramer.
"What more can I tell you," Cramer mused, "except I like this stock."
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