Billionaire Nets owner behind new hybrid, Yo
Russian billionaire Mikhail Prokhorov, left, walks between two versions of Yo, the new Russian-designed hybrid concept cars, that were introduced Monday in Moscow. (Dec. 13, 2010) Credit: AP
MOSCOW -- The Russian billionaire owner of the New Jersey Nets has introduced a new line of hybrid cars -- called Yo -- that he hopes to begin selling in 2012.
Mikhail 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.
