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"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

Exit date 07.12.2020

Format PDF

Price 3500 eur.

The fourth autumn wave of the project is aimed at identifying consumer preferences in the ...

07 december more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

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Dynamics of the Russian car market in August of 2020

News

AVTOVAZ can convert debts in shares

Creditors of AVTOVAZ can become shareholders of the company in exchange for settlement of debt, Elvira Nabiullina, the head of the Ministry of economical development informed. She said that one of possible alternatives is possibility of debt capitalization but not by means of the state, but by means of banks, maybe, with the state participation.
The source of the newspaper of "Vedomosti" remarks that it only one of alternatives of re-capitalization and there are four of them. For example, besides debt converting in shares, there is also alternative to bring money in authorized capital of the plant by present shareholders.
The AVTOVAZ debt constitutes 37 billion rubles (without taking into consideration the state subsidy from Rostechnologies for 25 billion rubles, received by the company in summer). Mainly it is short that is why the plant has to solve the problem with indebtedness operatively. But none of alternatives of additional emission of AVTOVAZ suits its shareholder - Renault. We hail any measures of the government directed on stabilization of AVTOVAZ work, but not at the expense for washing out of the Renault share, Oksana Nazarova, the representative of the company, said.
Banks are also not interested in debt converting in shares, the employee of one of creditor banks of AVTOVAZ says and remarks that stockholding is not core business for banks.
According to experts, drawing up of long-term credits from State Banks, the moratorium of payments on interests, bond issue or receiving the state guarantees could become other alternatives of capital enlargement of AVTOVAZ.
AVTOVAZ offers, opinion of banks and ministries are now collected in the machinery of the first vice-premier Igor Shuvalov. The question about help to AVTOVAZ will be again considered at the meeting which is appointed on the 6th of October.

30.09.09
Source: АВТОСТАТ