Election 2012

Chrysler CEO Responds to Romney's Jeep Ad

Says Romney is wrong and they aren't moving production to China

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Despite declaring his desire to stay out of this year's presidential battle, Chrysler CEO Sergio Marchionne has found himself drawn into the fray as he responded to a series of comments and political ads by GOP contender Mitt Romney, which the CEO called "inaccurate."

The Italian-born Marchionne made it clear in a note sent to Chrysler employees that statements and advertising by Republican presidential candidate Mitt Romney suggesting the company was moving Jeep production from its assembly complex in Toledo, Ohio, to China was simply not true.

"Chrysler Group's production plans for the Jeep brand have become the focus of public debate," the Chrysler CEO said in the statement that was also released to the media.

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