Yo! Russian magnate starts hybrid car company

Russian billionaire Mikhail Prokhorov, center left, walks between new Russian-designed hybrid concept cars branded as "Yo" in Moscow on Monday, Dec. 13, 2010. The yo-mobile brand will apply to a microvan, cross coupe and minitruck touted as "socially important products" created in Russia "from scratch." (AP Photo/Sergey Ponomarev)

December 13, 2010 7:27:43 AM PST
The Russian billionaire owner of the New Jersey Nets has introduced a new line of hybrid cars - called "Yo" - that he hopes to begin selling in 2012.