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30-Nov-2012



PHOTO CAPTION: Yo-Mobile concept car.

Yo-Mobil Just One Example of Stalled Russian Technology

Dual-fueled hybrid car showed technological promise only to be delayed and the money behind it decides to retire.

> On the swampy outskirts of St. Petersburg, a group of men are killing time playing cards as they guard a prestige project of Russian industrial policy: an abandoned factory building.

Billionaire Mikhail Prokhorov laid the cornerstone for this new neon-orange-painted production plant. The idea is to produce a car that is as hip as Daimler's Smart microcar and sells for the bargain equivalent of €9,000 ($11,700) -- an unbeatable combination that will hopefully make it an export hit.

Prokhorov promised to invest €150 million to cover the engineering costs of the "Yo-mobil," for the Russian letter "ë." This modern, gas-electric hybrid vehicle aims to finally debunk the cliché that Russia is only capable of exporting natural gas, tanks and nuclear power plants.

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