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Chevrolet Volt prices announced

GM has revealed that the Volt hybrid could cost $33,500 (£21,000) in the US after government tax credits, making it nearly £2000 cheaper than Nissan’s Leaf electric car. The Volt’s List price is $41,000 (£26,300) but qualifies for a subsidy thanks to its low emissions. A basic Volt comes with Bluetooth and sat-nav but buyers can add leather seats and steering wheel, heated seats, rear camera, polished wheels and park assist.

Ferrari boss Montezemolo says his future is fast cars--and fast trains

Ferrari S.p.A. Chairman Luca Cordero di Montezemolo has pledged his future to the supercar brand, refuting speculation that he might quit to join Italy's government. “In my future I see fast cars and fast trains--and no politics,” Montezemolo told Automotive News Europe in an interview at Ferrari's headquarters here.

GM says natural-gas Chevrolet Impala on the way

General Motors said it will sell a version of the Chevrolet Impala sedan with the ability to switch between gasoline and natural gas, part of the automaker's plan for taking advantage of a U.S. drilling boom that has made natural gas a more viable fuel for cars. The dual-fuel Impala, to be announced today by CEO Dan Akerson at a conference here, will have one engine and two fuel tanks -- one for gasoline and one for compressed natural gas.