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2014 Chevrolet Volt gets a $5,000 price cut

General Motors is cutting the Chevrolet Volt's price by $5,000 amid price pressure from rival electrified vehicles. The sticker price on the 2014 Volt, which will arrive at dealerships this month, will be $34,995, including an $810 destination fee. That drops the effective price to $27,495, after applying the $7,500 federal tax credit for the plug-in hybrid.

BMW Concept X1 (2008) unveiled: first official photos and video

By Ben Whitworth First Official Pictures 01 October 2008 00:31 This is the new BMW X1. Okay, BMW calls it the Concept X1 – it will be wheeled out tomorrow at the opening day of the Paris motor show – but 99 percent of what you see here will be arriving in production form in the UK in autumn 2009. Expect prices to kick off around £20,000 as the X1 tries to capitalise on its lack of direct rivals – Audi’s Q3 is still two years away.

Lincoln gets own design studio

Ford is creating a dedicated design studio for its luxury brand Lincoln in an ongoing bid to rejuvenate the brand and position it further apart from the core Ford offering. The new design studio will be situated in the Product Development Center in Dearborn, Michigan, with Max Wolff – recruited from Cadillac last year – charged with leading the brand in its revival efforts. Ford has also announced that it will be increasing spending on the brand, giving it unique interiors and powertrains.