11:21 04/03/2009

SAMARA, March 4 (RIA Novosti) - Russia's leading carmaker AvtoVAZ has halted its main assembly line until further notice due to problems with suppliers, the company's press office said on Wednesday.

"Currently the main assembly line has been completely stopped for an indefinite term," the press office said.

Russia's leading carmaker AvtoVAZ restarted its assembly line on February 9 after suspending production on February 5 after experiencing difficulties with its suppliers.

The supply problems emerged after the car manufacturer introduced a new payment scheme, which meant that just 30% of components supplied were paid for in cash, with AvtoVAZ using promissory notes from its own and affiliated banks to pay for the remaining 70% of deliveries.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20090304/120411231.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20090304/120411231.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russia's AvtoVAZ halts production until further notice</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 10px 0px 0;"><span style="color:#5590bf;">11:21</span> <span style="color:#5590bf; padding-right:7px;">04/03/2009</span> <span style="font-size:12px;"> Russia's leading carmaker AvtoVAZ has halted its main assembly line until further notice due to problems with suppliers, the company's press office said on Wednesday. <a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20090304/120411231.html" title="Russia's AvtoVAZ halts production until further notice">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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Russia's AvtoVAZ halts production until further notice

11:21 04/03/2009 Russia's leading carmaker AvtoVAZ has halted its main assembly line until further notice due to problems with suppliers, the company's press office said on Wednesday. >>

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