The loosening of government control over General Motors could position the company to offer shareholders big dividends as the storied U.S. car manufacturer transitions to new leadership, CNBC's Jim Cramer said on Tuesday.
"Remember GM used to have this huge dividend," Cramer said on "Squawk on the Street." "I remember my late grandfather had GM stock. Because that's what you owned. You owned utilities and you owned GM."
Cramer went a step further, saying GM was a better stock than Ford Motor.