Auto companies hit back against Romney ads
(CNN) - Democrats on Tuesday ramped up their pressure on the Romney campaign over two new ads on the auto bailout, as each side sought to sway voters in the crucial battleground state of Ohio.
Spokespeople for Obama's re-election effort pointed to quotes from General Motors and Chrysler executives blasting Mitt Romney over a new round of ads that accuse the auto giants of shifting jobs overseas.
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Road rage: Biden blasts Ryan in auto country over GM comment
(CNN) - Vice President Joe Biden hit back Friday against his Republican counterpart's recent comments about a shuttered General Motors plant–one that Paul Ryan blamed the president for closing.
"But what he didn't tell you is the plant in Janesville, (Wisconsin) actually closed when President Bush was still in office," Biden said to a local United Auto Workers crowd in Lordstown, Ohio. "He didn't tell ya that."
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GM back in the black
NEW YORK (CNNMoney.com) - General Motors returned to profitability in the first three months of the year, the automaker's first profit since 2007.
The company, which emerged from bankruptcy last July, earned $865 million in the period, on revenue of $31.5 billion. A year ago the predecessor company lost nearly $6 billion on revenue of only $22.4 billion, as sales plunged and the company hurdled toward bankruptcy.
GM had reported losses the two previous quarters since emerging from bankruptcy, but the profit in the most recent period was expected.
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