Nissan To Cut Base Price Of All-Electric Leaf

DETROIT (AP) - Big announcement at the North American International Auto Show: Nissan is lowering the price of its all-electric Leaf in an effort to boost anemic sales.

The base price will now be $28,800, which amount to a six thousand dollar reduction. Factor in a federal tax credit of $7,5oo and the price becomes competitive with Toyota's Prius hybrid, and far less than the Chevy Volt and Ford's Focus E-V.

The 2013 Leaf goes on sale next month.

General Motors North American President, Mark Reuss says there are no plans for his company to lower Volt prices.

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