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Renderings surface of Prokhorov's natural gas hybrid city car

Russian billionaire Mikhail Prokhorov has initiated a project, backed by the government, to mass produce the world's cheapest hybrid vehicle. The ambitious plans call for construction of a plant in the Russian city of Togliatti, the release of two prototype models by the end of

Prokhorov's hybrid prototype ready by December; 2012 production version to cost $10,000

Early this year, we learned that Russian billionaire Mikhail Prokhorov had initiated a project, backed by the government, to mass produce the world's cheapest hybrid vehicle. It's an ambitious plan, one that calls for construction of a plant in the Russian city of Togliatti starting in January 2011. Prokhorov's investment, a mere Eric Loveday