VIENNA – Yo-Avto, the joint venture owned 51% by Russian-billionaire Mikhail Prokhorov’s Onexim Group and 49% by Yarovit Motors, breaks ground this month on a factory for its hybrid-electric vehicles in St. Petersburg. The facility is being built in the Maryino Industrial Park in the south section of the Russian city. At the same time, Yo-Avto’s shareholder, Yarovit Motors, is starting construction of a heavy-truck plant at the site. Prokhorov and Yo-Avto Managing Director Andrey ...

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