Here’s Why Jim Cramer Believes Ford Could See a Series of Good Quarters

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Ford's (F) - Get Report latest quarterly report shows what could be the beginning of a long run of good numbers from the automaker. The report shows that the automaker's business in Europe is now a real value driver and that Asia sales could continue on a path higher. Cramer said, 'The principle problem with Ford is that they wanted a level playing field against the Japanese  Toyota sold 2.5 million cars here. Honda sold 1.5 million. If you see the yen get strong, not only is this quarter sustainable for Ford, it's going to be the beginning of a series of sustainable quarters.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.