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To paraphrase an old anti-drug campaign, one of Russia's wealthiest men is just saying "nyet" to building what would be the country's first home-produced hybrid-electric vehicle. Mikhail Prokhorov's Onexim Group, which first announced the Yo-hybrid line of vehicles in 2010, is walking away from the effort. Onexim is selling the company to the state-owned Nami Institute for a grand total of 1 euro, according to RT News.

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Yo-Auto, the Mikhail Prokhorov-owned automaker that's been making plans to build the first Russia-made hybrid car, will scale down production of its Yo-Mobile to less than half of its previous goal when the car goes live in 2015, Ria Novosti reports, citing company executive Andrei Ginzburg. The company, part of Prokhorov's Onexim Group, will make about 40,000 units a year, down from its prior target of about 90,000. There are also reports that Fiat will supply the engine for the hybrid, though

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When one thinks of Russia and cars, innovation does not immediately spring to mind. One company may be changing that, however. The delightfully named Yo-Auto – or as it is only slightly less delightfully known in Russian, Yo-Avto – is taking a road technologically less-traveled with it ё-mobile (ё-мобиле) vehicles.

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Yo-Auto, the hybrid-vehicle maker launched in part by Russian billionaire Mikhail Prokhorov, is pitching a crossover hybrid that can run on both gasoline and compressed natural gas (CNG) and can get about 65 miles per gallon. The company, which is owned by Prokhorov's Onexim Group and Russia-based truckmaker Yarovit, is also investing in a second assembly line at its St. Petersburg plant to double production capacity, HybridCars.com reported, citing a press conference held by Prokhorov in Russia

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Next to all the major automakers debuting vehicles at the 2011 Frankfurt Motor Show is a lesser-known firm from Russia that operates under the curious name of Yo-Auto (ë-Avto).

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Next to all the major automakers debuting vehicles at the 2011 Frankfurt Motor Show is a lesser-known firm from Russia that operates under the curious name of Yo-Auto (ë-Avto).

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Russian automaker Yo-Auto is currently taking pre-orders for its trio of hybrid vehicles, which are slated to arrive in 2012. The triumvirate consists of a coupe, hatchback and truck, and they are all referred to as Yo-Mobiles. It seems the automaker has other vehicles in mind as well, because a rather unique concept car has been mocked up that will make its debut at the 2011 Frankfurt Motor Show.

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