Chrysler is bankrupt! No kidding. Finally.
This is the best thing to happen to the autos in a long time and will start the road to recovery.
Now that Chrysler will be leaner and meaner, it should force GM and Ford to do the same, cut all that legacy debt and obligations and start over.
This will slowly but eventually lead to the autos becoming more competitive globally and who knows, the taxpayers may come out ahead.