tycoon delays russia\s first hybrid car launch
Last Updated : GMT 02:09:47
Arab Today, arab today
Arab Today, arab today

Tycoon delays Russia\'s first hybrid car launch

Arab Today, arab today

Arab Today, arab today Tycoon delays Russia\'s first hybrid car launch

Moscow - AFP

Russian billionaire Mikhail Prokhorov\'s auto division announced Monday it was delaying until late 2014 this year\'s planned launch of the petrol-guzzling country\'s first hybrid vehicle. But it also insisted the \"Yo Mobile\" was never meant to be a publicity stunt to win the politically ambitious tycoon votes in this spring\'s presidential elections, and promised the colourful new cars would still get built. \"Many detractors will now say that this was just a Mikhail Prokhorov PR campaign,\" project general director Andrei Biryukov told the Interfax news agency after tendering his resignation because of the delay. \"But this is not the case and he continues to fund the joint venture.\" Biryukov blamed the delay on a US supplier he did not name that was responsible for providing body parts.The eye-catching little vehicles were designed to introduce a fresh new look to Russian streets now clogged with remnants of exhaust-fuming Soviet-era makes and huge SUVs and luxury sedans from the United States and Germany. Russian President Vladimir Putin drove one of the cars to a government meeting while serving as prime minister in April 2011 and joked that it did not look very tough. \"The Yo-Mobile will not fall apart along the way, will it?\" Putin asked with a grin at the time. But the project also supported Prokhorov\'s bid to build a more modern image as an oligarch who tries to connect with youth through his ownership of the NBA\'s Brooklyn Nets basketball team and occasional support for liberal Russian causes. The 47-year-old -- last estimated to be worth more than $12 billion by Forbes magazine -- placed a strong third in the March presidential ballot with a surprising eight percent of the vote. His campaign came during a wave of street protests against Putin\'s impending return to the Kremlin and Prokhorov styled himself as a compromise figure who would introduce more liberal economic ideas. He has largely shunned politics since and is still in the process of forming his own political party while refusing to criticise Putin directly. Business daily Kommersant said the joint venture between Prokhorov\'s Oneximbank bank and a small truck manufacturer called Yarovit Motors had already invested 80 million euros ($100 million) in the vehicle\'s Saint Petersburg production plant.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tycoon delays russia\s first hybrid car launch tycoon delays russia\s first hybrid car launch

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tycoon delays russia\s first hybrid car launch tycoon delays russia\s first hybrid car launch

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday