Ford in Focus
There are a lot of reasons to be excited about Ford Motor, Cramer said Wednesday.
The automaker emerged from the Great Recession stronger than ever, having cleaned up its balance sheet, simplifying production by eliminating multiple platforms and multiple brands, integrating modern technology and slashing costs. On Monday, the auto manufacturer said it plans to add 7,000 new jobs in the U.S. by next year.
For his part, Cramer has long been a believer in Ford. Since having recommended Ford preferred shares at $9 in Dec. 2008, the stock is up 487 percent. Common shares are up 267 percent since Cramer recommended it at $5 in May 2009.
The workers and executives at Ford have done an "amazing" job at turning the business around, but Cramer said CEO Alan Mulally deserves a lot of the credit. Cramer spoke with Mulally while visiting Ford's headquarters in Dearnborn, Mich. on Wednesday. Watch the video to see the full interview.
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