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Russian Yo-Mobile hybrid car project sold to government for 1 Euro
Russia’s ONEXIM group, owned by tycoon Michael Prokhorov, has sold the technology and development rights for its Yo-mobil hybrid vehicle to the state-run NAMI institute for 1 euro. The falling ruble and slowing car market could triple the project cost.
The hybrid vehicle project was announced by Mikhail Prokhorov in 2010 and has more than 200,000 advance orders, it has now been put on hold.
Since...