Yo-Auto to Work in St. Pete

By The Moscow Times

Feb. 17, 2011

ST. PETERSBURG — Yo-Auto, a joint venture between Mikhail Prokhorov's Onexim Group and Yarovit Motors, will locate the first production facility for its hybrid car models in St. Petersburg, Yo-Auto chief executive Andrei Biryukov said Thursday.

"The first Yo-Mobile will be produced in St. Petersburg in the second half of 2012," he said. The plant will have capacity to produce 10,000 of the cars a year. Biryukov did not specify the site, saying the company was in negotiations with the city administration.

Initial investment in the project will total 150 million euros ($204 million). The car's price will be 450,000 rubles ($15,360) with all options.

(Interfax)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue