A top auto company executive is strongly restating that Jeep has no plans to move Toledo auto jobs overseas, despite a claim to the contrary by Presidential hopeful Mitt Romney and despite new ads by Romney’s campaign that hint at it. Click the play button above for a full report from Ohio Public Radio’s Bill Cohen.

Jerry Hayes is executive director of Economic Development of Defiance County. He says the company proposing the plant is worried that rising corn prices and stabilizing gas costs could cut into profits.

He also says the high price of steel would add to the cost of building the ethanol plant.

Defiance County officials say they’ll continue trying to attract an ethanol plant to the area.

Ohio has at least six ethanol plants that are in the works. (Copyright 2007 by The Associated Press. All Rights Reserved.)