Mitt Romney, "Who Will Do More?"
What it says: "Mitt Romney has a plan to help the auto industry. ... Obama took GM and Chrysler into bankruptcy, and sold Chrysler to Italians who are going to build Jeeps in China."
What it means: Fiat (which owns Chrysler) is in talks to expand production in China for Chinese Jeep consumers, but the company is not moving jobs out of the United States -- as Romney wrongly claimed at a rally last week. The ad also illustrates the auto bailout with pictures of cars being crushed, although Romney supported a managed bankruptcy for car companies. Obama's campaign has argued that the ad is a sign of desperation over the Ohio race. Clearly, Romney's campaign wanted a new response to Obama's auto bailout attacks.
Who will see it: Ohio; the ad has not been officially released by the Romney campaign, although it is now on YouTube.