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Honda Insight goes for $1,560 less with new base model

Honda slashed $1,560 from the base price of its Insight hybrid for the 2011 model year, creating a new entry-level trim that carries a sticker price of $18,950, including destination charges. The move gives the Insight a pricing edge of about $4,610 over the Toyota Prius. The Insight LX was the base model for the 2010 model year, and its price started at $20,510.

KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

Seven-seater for Cadillac?

Cadillac won’t comment, but it’s all over the Web that General Motors’ luxury division will get a version of the seven-seat sport-utility known internally as Lambda--externally known as the Chevrolet Traverse, the Buick Enclave and the GMC Acadia. No word on the Cadillac’s engine, but the other variants are powered by a 3.6-liter V6 varying in horsepower from 281 hp to 288 hp. Lambdas sell well, with more than 70,000 sold so far this year.