The numbers of pre-orders for Yo-Avto's trio of yo-mobiles (Yo CrossCoupe, Yo Microvan and Yo Furgon) are climbing. Car Advice reports that on the first day of accepting online reservations, Yo-Avto logged an astounding 51,188 orders and that total pre-orders have topped 138,800. Of course, these numbers mean next to nothing since pre-ordering a yo-mobile doesn't require a deposit or a signed commitment to buy the vehicle.
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 next month and the launch of a production version in 2012. Initially, Prokhorov targeted a price of $10,000 for his hybrid vehicle, but reports now suggest that a price tag between $12,000 and $14,000 is the new goal. Eve