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2011 Malibu LTZ 3.6L V6 Red Jewel Tintcoat
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That is part of your suspension.

DO NOT DRIVE THE CAR!

BTW, what year is your car?
 

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It is a 2003, really great car has almost 300,000 miles on it.
Rear swaybar end broke off. Not sure how easy these are to get out...find one at a recycler? IMO...you could drive it...just don't do a lot of hard cornering....fix as soon as possible.

MISTAKE!!! I have the same car and got under it to take a look....what you picture is NOT the end of a swaybar...it's a heavy rod that positions the rear wheel front to back...NOT a good idea to drive it. Would not be expensive to fix...but NOT SAFE to drive it.
 
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