"AvtoVAZ" nothing to pay his suppliers - he asked the state 26 billion rubles

"AvtoVAZ" nothing to pay suppliers, a mortgage loan of 36 billion rubles is 60% of its assets. On Tuesday the Government will consider the request of the group about 26 billion rubles of state, writes Vedomosti.

Under these 36 billion rubles based assets carrying value of 45 billion rubles, told the president of "AvtoVAZ" Boris Aleshin to meet with suppliers on 11 March. The total book value of assets of the group - 75 billion rubles.

- "AvtoVAZ" assures that kept the sale in February at the January level

To pay his debts to suppliers last year, AvtoVAZ will use the new bill of two types. The first will be 20 thousand cars, the realization of paper can be the dealer. The second - in the list, the Central Bank of Lombard, such a bill would be to sell the banks, or lay in the CB.

"AvtoVAZ" and can not attract new borrowing confessed Alyoshin suppliers. Major creditors "AvtoVAZ" - Sberbank and VTB, said a source close to the shareholder.

The duty of "AvtoVAZ" has risen during the crisis, at the end of the third quarter of 2008 it amounted to only 22.78 billion rubles, including 17.4 billion rubles - a short-term.

When asked what this new debt of about 13 billion rubles, the representative of "AvtoVAZ" has refused to answer. The source close to one of the shareholders of the group, suggests that this is a loan and that at least a portion of these funds were bought by Renault platform and a license to manufacture the engines Renault. The cost of the transaction - 220 million euros.

To pay, "AvtoVAZ" needs of state, but money from the state did not receive the plant, said Alyoshin. "AvtoVAZ" has already sought the help of the State: a letter requesting to allocate 26 billion rubles Alyoshin and director, "Rostehnology Sergei Chemezov wrote to Vladimir Putin. According to Alyoshin, now the Government is considering options for loans, for release of liens and to attract new loans, but not removed from the agenda the issue of allocation of direct appropriations ruble.

Meanwhile, suppliers are afraid that of state will not help. Alyoshin believes that sales will fall behind by 30-50% of normal levels. If the market will be the same as in February (sold 29 300 Lada), the proceeds "AvtoVAZ" will be 6,5-7 billion rubles a month, said one of the participants of the meeting, only debt to suppliers for the first quarter - about 10 billion rubles . According to Alyoshin, now AutoVAZ receives from dealers only 10-12% of the advance payments.

"AvtoVAZ" assures that kept the sale in February at the January level

OJSC "AvtoVAZ" in February sold 29,3 thousand Lada cars in the market of the Russian Federation, that figure corresponds to January - 29,1 thousand units, said on Monday the press service of the enterprise.

At the end of January 2009 "AvtoVAZ" has reduced the sales of automobiles at 37.55% compared to same period in 2008. According to the press service, sales volumes declined due to the instability of exchange rates, a significant reduction in the volume car, but also because of the fear of buyers to make serious investments in times of crisis.

"Sales of the family car Lada Priora in the Russian market in February 2009 amounted to more than 7,5 thousand units, a 10% higher than February 2008. After two months of this year, sold 15.6 thousand cars of the family, an 8% more than for the same period in 2008, "- said the press service.

Following two months of 2009 by service and sales network OAO AvtoVAZ''''realized approximately 58,5 thousand cars Lada. At exported 3.3 thousand cars Lada.

"AvtoVAZ" in 2007 sold 663.5 thousand cars, a record figure for the company for all the work in the domestic market. In 2008, sales in Russia declined by 6% - up to 622 thousand cars.

In 2009, at "AvtoVAZ" could be produced around 590 thousand cars and the assembly Automotive, which is almost half the production plans of the company in 2008.