GM ad is misleading, watchdog group tells the FTC

A new TV commercial touting General Motors' payback of bailout loans is stirring up controversy over its veracity and now a watchdog group wants the Federal Trade Commission to investigate the ad campaign.

The Competitive Enterprise Institute has filed a formal complaint with the FTC, arguing that GM chairman and chief executive Ed Whitacre is shading the truth when he states that GM has "repaid its government loan in full, with interest, five years ahead of the original schedule."