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General Motors plans Chevrolet Volt price cut

DETROIT (WKZO) -- General Motors is slashing the price of the Chevrolet Volt.

The Detroit-based automaker plans to cut the plug-in hybrid vehicles base price by approximately 5,000-dollars, making it the latest automaker to lower prices of electric vehicles.  Officials say the cut will drop the price from 39,995-dollars to 34,995-dollars.

The cut comes just a few weeks after GM announced a 5,000-dollar give-back on the 2012 Volt and 4,000-dollar give-back on the 2013 model.