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Cramer on Ford warning: Time to look at GM

Ford's profit warning Thursday may have presented investors with a buying opportunity in the sector, CNBC's Jim Cramer said.

Shares of General Motors were down modestly Thursday after Ford said its first-quarter profit would be as low as 30 cents a share, below the 47 cents a share consensus estimate from Wall Street.

GM's stock is up more than 9 percent over the past year.

Cramer said Thursday he would use any weakness in General Motors as a buying opportunity.

"GM moved into China very aggressively. Ford has not. If you want to sell all these stocks off Ford, then I will tell you that I'm not a huge fan of GM but I would buy it," Cramer said on "Squawk on the Street." "Yes, I would buy GM."