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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.

2011 Jeep Grand Cherokee to start at less than $33,000 for four-wheeler

Perhaps the most important vehicle to be launched by Chrysler this year, the 2011 Jeep Grand Cherokee, will start at a price that's a shade less than $33,000 for a four-wheel-drive model. The base model with two-wheel drive is $30,995. This Jeep, shown in concept form for more than a year, is critical to refreshing the Detroit automaker's aging lineup and generating some much-needed product mojo.

Man arrested for stealing same Ferrari twice

AUTHORITIES have arrested a California man they say stole the same Ferrari - twice. Earnie Hooks, of Los Angeles, was arrested last week behind the wheel of the 250,000 dollar (£155,000) car, the Riverside Press-Enterprise said. Court records said he has pleaded not guilty to car theft and resisting police.