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As the presidential campaigns intensified their fight over the auto bailout, the Obama campaign released a new ad on Monday that criticized Mitt Romney’s campaign for running an ad that it says misleadingly implies that Chrysler, a bailout recipient, is moving jobs to China from Toledo, Ohio.

The Romney ad begins, “Who will do more for the auto industry? Not Barack Obama.” It continues, “Fact checkers confirm his attacks on Mitt Romney are false.”

The Romney ad goes on to state: “Obama took G.M. and Chrysler into bankruptcy, and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job.”

The auto bailout has become a focus of the campaign in the

battleground state of Ohio, where, President Obama says, the bailout was vital in saving jobs.