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Weekly Recap: Geneva's splendor reflects growing demand for ultra-luxury cars

Geneva is one of the most glittering auto shows in the world, but the list of high-powered and bespoke luxury cars was decadent this year even by the rich standards of the Swiss exhibition. It's great for enthusiasts to revel in the flame-throwing Aston Martin Vulcan, the racing-inspired elegance of the Bentley EXP 10 Speed 6 concept and the insane performance of the Lamborghini Aventador LP 750-4 Superveloce, but there's a reason for all of this opulence: the luxury market is big business. And it's growing. IHS Automotive forecasts that so-called ultra-premium sales will nearly triple this decade from 123,000 to 353,000 units around the world. The estimate includes brands like Aston Martin, Bentley, Ferrari and Rolls-Royce, but doesn't count BMW, Mercedes and Audi, which offer less expensive models in addition to their high-end flagships. Though IHS includes Porsche and its relatively large volume in the study, the ultra-premium segment is still set grow at about the same rate, even without the German automaker's figures. So what is propelling all of this growth in the most expensive segment of the auto industry? Put simply, there's more rich people. IHS Automotive principal analyst Tim Urquhart pointed to economic expansion in China, market recovery in the United States and a surge in the lucrative technology sector as contributing factors. This dovetails with a research report by UK-based Oxfam, an international relief organization, which found the world's richest one-percent owned 48 percent of global wealth in 2014, and it's expected to increase to more than 50 percent by 2016. View 17 Photos Carmakers are moving quickly to capitalize with new products, expanding their portfolios with low-volume speedsters like the 800-hp V12 Vulcan at Geneva, and plans to enter new segments, like Rolls-Royce's strategy to make an SUV. "Ultra-premium carmakers are looking to explore ways of growing their product offerings, and thus their bottom lines, in this most potentially profitable of segments," Urquhart wrote in a report on the Geneva show. In a nutshell, there are more choices for people with more money. It's a good time to have expensive taste. Other News & Notes 2016 Mazda MX-5 Miata production launches It won't be long now. The 2016 Mazda MX-5 Miata arrives later this year, and it's officially in production. Mazda announced this week that the roadster began rolling off the assembly line at its Ujina factory in Hiroshima, Japan.

GMC Hummer EV fan's Lego build is functional and even has Crab Mode

Lego creates some pretty amazing automotive models, but the Lego hobbyist community sometimes does better. Evidence of that comes to us in this fully-functional GMC Hummer EV Lego Technic model spotted by Road & Track and created by YouTube user Alain B. And while it's a one-off for now, there is the possibility it could become a kit you could bring home. As you can see in the video, the model looks the part with a body that closely matches the real thing. It's an impressively solid body, too, something that's sometimes difficult to achieve with Technic pieces. But that's only the tip of the iceberg. It's also got electric motors and is remote controlled. It has four-wheel-steering that can emulate the Hummer's famous Crab Mode setup. The fully independent suspension can raise for more ground clearance. And on top of all of that, it's even got a fully operational MultiPro tailgate and front trunk. The design is also listed on the Lego Ideas page. This is the site where Lego builders can submit their creations, and if they get enough votes, they'll be considered by the company for becoming a real production kit. You can visit the page at this link to lend your support (it doesn't cost anything). That page also reveals some other neat details, including the fact that it's made of about 2,200 pieces. While enough votes will get the design to be considered by Lego, there are other factors that determine whether it makes production. Some of them include getting the license from General Motors, and other undisclosed reasoning. But Lego has done a number of large, technical and somewhat pricey kits with licensing from other companies. So this seems like a great one for the company. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

370,000 new Silverado and Sierra pickups recalled over fire risk

General Motors announced late Friday that it will recall around 370,000 Chevrolet Silverado and GMC Sierra fullsize pickups from the 2014 model year over a possible fire risk. The recall covers select 4.3-liter V6 and 5.3-liter V8 models, which can evidently suffer engine compartment fires due to the overheating of exhaust components. GM notes that the fire issue may be preceded by a check engine light and an "engine power reduced" message on the driver information display.
Thus far, GM is aware of eight fires stemming from this problem (although only three of those incidents affected customer-owned vehicles), and all of the fires were reported in areas with "very cold weather." GM is urging owners to not leave their vehicles unintended while idling. No injuries have resulted from the fires in question.
The Detroit-based automaker has pledged to start mailing out recall letters on January 16. The fix, which involves software reprogramming, is estimated to be a 20-minute repair, and will be made free of charge.