Former U.S. Treasury Secretary John Snow received 5.5 billion in Chrysler shot.

<P>: Http://finance. Hearing, because of China FAW Group to participate in bidding for the concern regarding the Chrysler Group has finally been sold. .On Monday U.S. time, the world's fifth largest carmaker Daimler - Chrysler Group's external confirmed it has plans to its troubled Chrysler Group 80.1% of the shares to 5.5 billion euros sold to U.S. private .equity investment firm Cerberus Capital Management LP. .Dai - g Chrysler Group will retain 19.9% of the shares. .</ P> <P> strip 18 billion U.S. dollars of debt </ P> <P> Day - grams to sell a Chrysler news came earlier this year, attracted general, China FAW Group, the world's leading private capital .Investment giant Blackstone Group, the Canadian Magna International Inc. and private equity investment firm Cer-berus. .Yesterday, wearing a - g has finally confirmed the end of foreign buyers. .</ P> <P> Under the agreement, Chrysler employees will retain pension and health care expenditure obligations, which means that will wear - g group caused a cash outflow of 500 million euros, but also to be stripped of Daimler Chrysler .Chrysler up to 180 billion pension and medical insurance-related debt, the debt will be incorporated into the newly formed holding company Chrysler HoldingL LC. .</ P> <P> However, Daimler - Chrysler said in a statement, the transaction has yet to be approved by the Board of Supervisors, but has been the United Auto Workers (United Autoworkers Union) support. .The company expects the transaction in the third quarter. .</ P> <P> statement said the main 席格特芬格尔 United Auto Workers (Ron Gettelfinger), said the transaction is consistent with the Cerberus union members, the Chrysler Group and Daimler's best interests. .</ P> <P> chief executive to stay </ P> <P> Chrysler yesterday also said that even if the company from Daimler - Chrysler, LaSorda will remain chief executive post. .LaSorda was appointed in 2005, chief executive of Chrysler, Chrysler is currently responsible for overseeing large-scale restructuring. .</ P> <P> Daimler - Chrysler in 1998 through a merger worth 40 billion U.S. dollars in the birth of the transaction, which is the world's largest industrial enterprises was the deal. .However, almost since then become the Daimler Chrysler - Mercedes (Mercedes) was a hindrance. .Last year, Chrysler loss of 11 billion euros (1.5 billion), offset by Mercedes - Benz operating profit of 2.4 billion euros and the strong performance of commercial truck group. .More headaches, Chrysler could again this year, a loss. .</ P> <P>.