Dr. Thomas Schiller was invited to share his insights with the audience in this programme. Recently, Chrysler has filed for Chapter 11 Bankruptcy and announced that it's entered into an agreement with Italian automaker Fiat to keep a vastly scaled-down version of Chrysler going. Unfortunately the restructuring is going to mean thousands of layoffs and buyouts, and represents a fundamental blow to the overall viability of the US auto industry in its current state. So how did Chrysler get to this point in the first place? What are the reasons for Fiat entering into an agreement with Chrysler? And what does the future hold for the US auto industry as a whole?