Russian Billionaire Launches Hybrid Cars
Filed under: Green

Mikhail Prokhorov, the Russian billionaire perhaps best known in the U.S. for purchasing The New Jersey Nets NBA franchise, is launching a line of hybrid vehicles, named Yo, in Russia this week.
Prokhorov said Monday the cars, powered both by gasoline and electricity, are "socially important products" that he hopes will "overcome existing stereotypes ... that Russia cannot make normal cars."
The vehicles are to be sold in three models - sedan, sporty and a small truck - with an expected price of around $10,000 (€7,550).
The name is written in Russian by the letter E with two dots over it.
There are no plans to introduce the cars to the U.S. Eastern Europe still has much lower standards than the West for safety and emissions standards, so the cost and difficulty of entry into the Russian market is much lower than in the U.S.


Forbidden America: Cold War-Era Map Shows No-Go Zones For Soviet Tourists
Tenants: Stench of Death Makes St. Louis Complex 'Unlivable'
Chili's Waitress Fired Over Facebook Post Insulting 'Stupid Cops'
2013 Billboard Music Awards: All the Winners!
2013 Billboard Music Awards: Arrivals Photos From the Blue Carpet!
Ricardo Cerezo, Facing Eviction, Finds $4.85 Million Lottery Ticket
Man Takes Dump In Background Of Instructional Workout Video
MIT's cheetah robot runs faster, more efficiently, can carry its own power supply (video)
Forever 21 Worker Fired After She Tells Her Traumatic Story
Style Throwback: Cannes Film Festival