6 Articles

Back in January, Russia's domestically-built ë-mobile (that's pronounced yo-mobile, yo) – the natural gas hybrid minicar dreamed up by billionaire Mikhail Prokhorov – was wheeled out for its public unveiling in Moscow. Last Friday, Russian prime minister Vladimir Putin buckled in behind the wheel of the yo-mobile and set out on a three-mile journey to visit President Dmitry Medvedev.

Word of Russian billionaire Mikhail Prokhorov's plans to mass produce the world's cheapest natural gas hybrid minicar ($7,000 to $10,000) leaked out earlier this year. The billionaire's ambitious project calls for the construction of assembly plant in the Russian city of Togliatti starting in January 2011. Prokhorov's investment, a mere €150 million ($201 million U.S. at the current exchange rate), will supposedly fund construction of the facility and production of the the hybrid vehicles.

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 €150 million ($208 million U.S. at the current exchange rate), will supposedly fund construction of the plant and the hybrid, but we remain skeptical.

building – Click above to watch video after the jump