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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.

Las Vegas reporter makes literal street food

A reporter in the American Southwest did a test to see just how hot it was this week, and received her just deserts. With a promised high of 115 degrees in the Las Vegas Valley on June 20, Caitlin Lilly and Kira Terry of the Las Vegas Review-Journal decided to find out if they could bake cookies and cook breakfast using just the ambient heat of the day and some handy flat surfaces. First, the pair attempted to bake a couple dozen pre-mixed cookies on the dashboard of a Mazda. Starting around 1:00 pm, they left the cookies on a sheet tray propped up beneath the car's un-tinted windows. By 5:00 pm the cookies were done and, according to various R-J staffers, quite delicious. While the cookies were baking, they decided to make themselves something a little more substantial, something to justify the desert they had baking in the Mazda. They found a nice patch of parking lot and tried to fry an egg, some bacon, and a handful of shrimp. The shrimp cooked quickly, as shrimp are wont to do, but after 20 minutes the bacon only browned at the edges while staying raw in the middle. The egg remained uncooked, unfortunately, since even the hottest asphalt isn't hot enough to actually fry an egg. Record high temperatures are baking the American Southwest and Southern California as the region suffers the effects of a weather phenomenon called a " heat dome." Highs of over 100 degrees were reported throughout SoCal, Arizona, and Nevada, which is surprising for mid-June. The threat of wildfires is already astronomical, and people are suffering from heat-related illnesses. Recent Video:

Carmakers, NHTSA to unveil auto-emergency braking agreement tomorrow

Happy St. Patrick's Day Eve. Tomorrow, there will be green beer, corned beef and cabbage, and automatic emergency braking for all. Weird combo, we know. But on St. Patty's we can expect an official announcement from a pact of automakers making auto-braking systems standard equipment by 2022. That's per a report from Reuters, which cites three sources familiar with the plans. Originally announced in September 2015 by 10 automakers and the National Highway Traffic Safety Administration, the agreement is expected to be even larger when the details are unveiled tomorrow. According to Reuters, the manufacturers of 99 percent of the US domestic market's vehicles will be represented by the new agreement. It's believed that standard AEB systems could prevent thousands of accidents across the country. Expect more on the official announcement when it's made. Related Video: