In October, OJSC "Lutsk Automobile Plant" stopped twice - from October 6 to 8 and from October 20 to 23. \n \nThe formal reason for the plant's stoppage was the non-delivery of vehicle kits for assembling Russian VAZ automobiles. During the production downtime, marketable output worth more than UAH 8 million was not received, which caused losses in the amount of UAH 280 thousand. In October, the plant's production program fell sharply. In total, 450 VAZ automobiles and 68 UAZs came off the plant's main conveyor, and 100 IZH-2717 automobiles were also converted. For comparison: in September, 1,046 VAZs were assembled. \n \n"The cancellation of the government resolution that approved the investment program for the production of trucks and buses at LuAZ has put at risk not only the October production target but also the plant's prospects," reports Volodymyr Hunchyk, general director of the Lutsk Automobile Plant. \n \nReference: On October 1, President of Ukraine Leonid Kuchma, by his Decree "On the Cancellation of the Resolution of the Cabinet of Ministers of Ukraine No. 1473 of September 1, 2003," vetoed the investment program of OJSC "Lutsk Automobile Plant" approved in September 2003 by the Cabinet of Ministers of Ukraine and instructed that within a two-month period a draft law be submitted to parliament on the cancellation of the law "On Stimulating the Production of Automobiles in Ukraine" and other legislative acts on state support for the automotive industry. The development of LuAZ's cooperation with Isuzu Motors is linked to the investment program for the production of buses and trucks at OJSC "Lutsk Automobile Plant." Its implementation envisages the supply of components to this enterprise by the Japanese company. It is planned that the volume of the commodity credit provided by Isuzu Motors for 2003-2008 for the supply of components to LuAZ will amount to about USD 290 million.
The suspension of LuAZ's investment program had a negative impact on the enterprise's operations in October
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