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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.

McLaren P1 (2013) official performance figures announced

McLaren has finally revealed the price and performance figures for its P1 supercar. The hybrid P1 will launch from 0-62mph in less than three seconds, hit 124mph in under seven seconds, and reach 186mph in around 17 seconds, according to McLaren's official figures. The P1's top speed is electronically limited to 217mph.

BMW i3 caught testing in New York

BMW has been hyping its futuristic i lineup for years now, but the long lead time doesn't mean that the highly efficient, carbon-fiber-based vehicles are vaporware. Earlier this month, we test drove pre-production versions of the i3 and i8, and last week, Autoweek reader Frank Cogliano spied the former vehicle on the road. Cogliano caught this wrapped i3 near Stony Point, New York -- about 30 minutes from BMW's New Jersey headquarters.