Russian Billionaire Introduces Line Of Hybrid Cars

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One of Russia's richest men plans to produce his own hybrid cars, in the next few years. Mikhail Prokhorov says he wants to "break the stereotype that Russia can't produce good cars." The mining mogul — who also owns the New Jersey Nets basketball team — unveiled a prototype of the car in Moscow Monday.

DON GONYEA, host:

NPR's business news starts with a Russian hybrid car.

(Soundbite of music)

GONYEA: One of Russia's richest men plans to produce his own, home-grown hybrid car in the next few years. Mikhail Prokhorov says he wants to break the stereotype that Russia can't produce good cars. The mining mogul - who also owns the New Jersey Nets basketball team - unveiled a prototype of the car in Moscow yesterday.

It took three tries to start the car, according to The Wall Street Journal. The Yo, as it's called, aims to get 67 miles to the gallon. That's more than the Toyota Prius.

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