w123 rear suspension CRACK? EEK!!!

I had my 1983 300D Turbodiesel on car ramps today, to drain the fuel tank and replace some hoses, and much to my horror, noticed that a rear suspension component, whose name I'm not certain of, has a crack. How can this have possibly happened??? What's the proper fix? How would I go about it, and what would I need, etc. The car has about 200,000 miles on it and wasn't in an accident ever. I'm shocked and quite worried that this is a "big project..." Here's some pix... ANY advice would be most appreciated. Doesn't seem like a common problem at all... NSA - Hazleton, Pennsylvania

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