Vaz 2106

Vaz 2106

The factory does not have money to pay for accessories.

Since 2009 of Autovases is going to pay money only 30 % of contracts with suppliers, the newspaper “Kommersant” writes today. Factory partners believe that as a result there will be a chain reaction of non-payments. It will most painfully strike on suppliers of the second and third level up to their stop which can turn back a stop the Autovase. To avoid it state money will help only, the experts interrogated by the newspaper are assured. Autovases recognised that for the end of the year will save up before suppliers a debt in volume nearby 20 mlrd rbl. and money for repayment is not present. Instead 30 % of the sum of Autovases will pay the bills, 30 more % — bills of banks working with factory, 10 % is necessary on faktoringovye to operation (presumably Alpha bank), and on money — the remained 30 %. The scheme of calculations on new deliveries will be such also. It will start to operate since February when Autovases will earn after a vacation. As the bill scheme will long exist, suppliers do not know. They only know that term of repayment of bills will make not less half a year. The president the Autovase Boris Alyoshin has confirmed “” that the factory enters the new scheme of calculations with suppliers, and also has specified debts volume — 19 mlrd rbl. According to Alyoshin, it “should be generated only by the end of the year and can be more low, all depends that at factory will be with sales”. Sales now fall (by estimations of Bank of Moscow, on some families — on 20 %), and Alyoshin already said that warehouse stocks will reach by the end of the year 125 thousand cars (two-month volume). As writes analytical business weekly journal Smart Money, “the destiny the Autovase directly depends on state of health Renault in our market. It can appear that to Frenchmen will be any more before modernisation of the Tolyatti factory”.