Click here to Skip to main content

Prokhorov plans to sell new line of hybrid cars in 2012

Posted Dec 13 2010 12:54PM

MOSCOW (AP) -- 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 (€7,550).

The name is written in Russian by the letter E with two dots over it.

Prokhorov, who amassed a fortune in banking and metals, bought a majority share in the basketball team this year.

photoTop 10: July 12
Count down the top ten plays from the Summer League games in Las Vegas.
photoStarters: Moving Pieces
The Starters talk about the contractual details and signings of LeBron, Carmelo, Pau Gasol, and Paul Pierce.
photoPlay of the Day - Shane Larkin
Shane Larkin hits a baseline floater with a 28.5 seconds remaining to lift the Knicks over the Blazers.
photoSteal of the Night - Archie Goodwin
Archie Goodwin gets the steal and takes it in strong for the high-flying finish.
photoAssist of the Night - Daniel Orton
The Wizards' Daniel Orton makes a sweet no-look feed to find Daniel Theis open on the baseline for the easy bucket.

Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices Ad Choices is part of Turner Sports Digital, part of the Turner Sports & Entertainment Digital Network.