Ford Motor Co. (F) said it will keep an eye on General Motors Corp.'s (G) bankruptcy proceedings as it looks to protect its competitiveness.

"We look forward to working with the Obama administration to ensure that the government's majority ownership of GM will not change the industry's competitive dynamics and that a level playing field will be maintained," Ford said in a statement Monday.

Ford, the only U.S. auto maker to not seek federal aid or file for bankruptcy, aims to share in any changes that GM or Chrysler LLC receive as part of the reorganization process. To date, the auto maker has secured similar labor and debt concessions in the U.S. from the United Auto Workers and its bondholders.

Outside the U.S., Ford has been critical over Germany's decision to give GM's Opel division EUR1.5 billion ($2.1 billion) in government-bridge financing while the French government provided EUR6.8 billion to PSA Peugeot Citroen and Renault.

Ford has yet to file a formal complaint or seek money from France or Germany.

"Ford remains absolutely committed to continuing to make progress on our transformation plan without accessing emergency taxpayer assistance from the U.S. government," the Dearborn, Mich.-based company said in the statement.

Ford shares rose 7% to $6.15 in earlier trading Monday.

- By Jeff Bennett, Dow Jones Newswires; jeff.bennett@dowjones.com; 248-204-5542