Tycoon sells Yo-hybrid to Russian state-run institute for 1 euro
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.