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Chrysler bankruptcy sad milestone in U.S. auto history

It might ultimately be a plus for Chrysler owners, prospective buyers and dealers, but the first bankruptcy in modern times of an American carmaker is another sad milestone in what has been a decades-long downhill slide for Detroit, whose cars once so dominated the U.S. auto scene that executives could (and often did) scoff at and largely ignore their early foreign competitors.

Today, Toyota,...

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