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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.

Mazda, Mitsubishi, and Subaru expand global Takata recalls by 715k [UPDATE]

UPDATE: Subaru of America spokesperson Michael McHale tells Autoblog that the company is recalling 78,000 Imprezas from the 2004 and 2005 model years in the US. This is a national expansion of the company's previous regional recall for the Impreza. The Takata airbag inflator recall just keeps growing. The latest expansion encompasses 715,000 vehicles from Mazda, Mitsubishi, and Subaru. Many of the affected models are in Japan. The largest expansion from these three automakers comes from Mitsubishi. According to Reuters, the company is adding 100,000 vehicles in Japan and 412,000 outside of the country without identifying any specific regions. Mazda is issuing safety campaigns for 112,000 vehicles in Japan, and some of these include models that the company produces there for Mitsubishi and Nissan, according to Reuters. In statement to Autoblog (embedded below), Mazda said that it is still evaluating the situation in terms of a possible effect on the US. Finally, Subaru is calling in 91,000 Imprezas in Japan. At this time, it isn't clear whether Mitsubishi's or Subaru's expansions affect the United States, but Autoblog has reached out to them for more information. According to research by the National Highway Traffic Safety Administration, exposure to moisture can cause the propellant in these inflators to ignite too quickly and cause these dangerous ruptures. Takata has also been investigating the problem. Related Video: Mazda statement "We are aware of the NHTSA/Takata announcement, and are evaluating the effects of it on Mazda. As soon as we have had a chance to fully evaluate the situation – number of vehicles affected, age of those vehicles, where they're located, etc. – we will be able to share those details."

2020 Mazda3 Hatchback Drivers' Notes | Luxury with a manual

The new Mazda3 wowed us when we got behind the wheel for the first time last year. Today, just one year further along, the 2020 Mazda 3 is still a delightful, premium offering in the compact segment. We happened to spend a week in the 2020 Mazda3 Premium Hatchback with a manual transmission, the most engaging and luxurious variant available. Mazda is sticking to its guns of only offering the manual transmission on the top-of-the-line Premium trim this year, and the only notable change is a $100 price increase. The manual also remains available only with front-wheel drive; all-wheel drive is optional but must be paired with the six-speed automatic. We’re expecting to see the magical Skyactiv-X engine show up on our shores eventually, but for now, the 2020 Mazda3 continues on with the 2.5-liter Skyactiv-G four-cylinder. It makes 186 horsepower and 186 pound-feet of torque. The manual transmission is a six-speed unit and contributes to a fuel economy rating of 29 mpg combined. Honda is challenging the Mazda3 manual in the new model year with its premium Civic Hatchback Sport Touring model that is newly available with three pedals. This Mazda3 is still rather expensive in this class, though, with our tester coming in at $30,665 after a few options were tacked on. That equipment is as follows: Soul Red paint ($595), navigation ($450), illuminated door sill plates ($425), auto-dimming mirror ($275), wireless charging pad ($275), rear bumper guard ($125) and a rear cargo mat ($100). Associate Editor Joel Stocksdale: I love this car so much. I love the design. I love the materials. But most of all, I love the way this car steers and handles. Every fraction of a degree of steering input yields exactly as much change to the eager nose. The steering wheel gives you a high-definition picture of what's happening between the tires and the pavement. The chassis feels neutral and has plenty of grip. Even its simple torsion-beam rear suspension stays planted over slightly bumpy corners. There's hardly any body roll. This car constantly begs you to take it corner carving, and even on short errands I found myself zipping up and down on-ramps and off-ramps that were out of my way, just because it was fun. With a turbo engine (hint-freaking-hint, Mazda), it could be a killer hot hatch. Assistant Editor Zac Palmer: This car might just be the perfect daily driver for someone with a reasonable budget and no large hauling needs.