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Car Wars: Why GM's a Better Buy Than Ford

It's an obvious, inevitable question: GM or Ford? On one view, Ford -- with its solid line of hit products and bailout-free balance sheet -- is the fiscally responsible choice. But the company known until recently as "Government Motors," trading right now in the low $20 range, is turning itself around and qualifies not only as a buy, but a steal.

Car Wars: Is Ford Better Than GM?

GM workers ratified a collective bargaining agreement Wednesday morning, while Ford tries to pare down the average $58 an hour it currently disburses in pay and benefits. But labor relations aside, Ford -- sole refuser of government largesse -- is the company to invest in right now. Here's why.