This was a great article outlining the improving conditions in the U.S. auto sales market. Of the three stock mentioned we at T&T Capital Management believe that GM offers the most compelling opportunity. Europe has been a huge problem for the company, but if U.S. sales perk up over the next several years GM has a chance to earn their entire market cap over the next 4-5 years. Ford has definitely been run more effectively than GM over the last several years, but I believe GM offers the more compelling valuation.
http://news.morningstar.com/articlenet/article.aspx?id=554468&part=1
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