To Cramer, Lear could very well be the next takeover target in the auto parts industry.
"The money is now going toward Lear ... this is the big grab to own a piece of the car," Cramer said on "Squawk on the Street. "And Lear has been a very good stock, but so had TRW. This one could be next."
Cramer thinks Lear could soon be purchased by a firm like Magna International.
"I thought it could be Magna. Maybe Magna buys Lear, but this is an inexpensive stock," he said. "Lear is the next, I think."
—By CNBC's Drew Sandholm
DISCLOSURE: When this story was published, Cramer's charitable trust did not own Lear, Magna International, TRW Automotive, or ZF Friedrichshafen.