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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.

Bentley's first EV will be an SUV arriving in 2025 on Audi Project Artemis platform

The first electric Bentley is going to be an SUV, and it will arrive in 2025, according to a report recently published by Car Magazine. It will also be an Audi collaboration, but this second bit of news comes as very little surprise given the companies live under the same roof in the VW Group. When Car questioned Bentley CEO Adrian Hallmark concerning the body style the first EV would take, Hallmark replied, “If you're not in SUVs, you're nowhere.” ThatÂ’s a pretty telling suggestion, and considering the BentaygaÂ’s success, Bentley is smart for heading down the crossover/SUV path first. The next question we have concerns the vitals of the car. What will underpin BentleyÂ’s first big, electric effort? It appears as though Project Artemis is the answer. WeÂ’ve seen rumors and reports flying around about this Audi-led project previously. ItÂ’s been suggested that both Bentley and Porsche would be taking a bite, and these previous reports are ringing true. “With our current cars, we had to get into the engineering largely after they [the platforms] had been done,” Hallmark told Car. “The difference now is that with Artemis we're right in there at the beginning, helping define it. We're not leading it, but we're going to be a beneficiary of it” Audi has previously said the Artemis project/platform would be ready for prime time by 2024, so Bentley clearly already has its foot in the door if it intends to release a car in 2025 on the same chassis.  “Looking forward to electrification, we're going to have closer synergies with Audi,” Hallmark said. “But we will continue to have strong relationships with both brands [Audi and Porsche], and we see this as an opportunity, not a risk. No question – we are electrifying. And we need to find the best way to fast-track that, and to lead the technology charge.” Advanced Level 2 autonomous tech is expected to land with this platform, and we suspect there will be many other enhancements made even above and beyond what is currently possible with the PPE platform (underpinning both the Taycan and E-Tron GT). Artemis is also a project designed to yield much larger electric vehicles than what the VW Group currently has to offer. That fits BentleyÂ’s vision of a flagship SUV, and itÂ’ll also work nicely with a giant Audi offering.

2023 Bentley Flying Spur Speed keeps the W12 alive with 626 horsepower

Bentley has expanded the Flying Spur range with a performance-oriented variant appropriately called Speed. The sedan stands out from other members of the Flying Spur lineup with a powerful W12 engine between its fenders, a firmer chassis setup, and a specific design. The company has traditionally reserved the "Speed" designation for its driver-focused models, and the Flying Spur lives up to this badge with a 6.0-liter W12 engine that's twin-turbocharged to develop 626 horsepower and 664 pound-feet of torque. In comparison, the next model down is the Flying Spur S, which uses a 4.0-liter, twin-turbocharged V8 rated at 542 horsepower and 568 pound-feet of torque. Bentley pegs the Speed's zero-to-60-mph time at 3.7 seconds, and the big sedan doesn't stop accelerating until its speedometer displays 207 mph. An eight-speed automatic transmission transfers the 12-cylinder's output to the four wheels via a rear-biased all-wheel-drive system, and reaching the Speed's top speed requires leaving the gearbox in sixth. Seventh and eighth are overdrive gears used to keep the engine's revolutions relatively low at higher speeds. Four-wheel steering, Torque Vectoring by Brake technology, and the 48-volt Bentley Dynamic Ride system help drivers make the most of the extra power. Massive brakes are found on the list of standard features as well. Visually, the Speed gains black exterior trim, "Speed" emblems on the lower part of the fenders, and model-specific 22-inch wheels. Buyers have several options to choose from, including the Styling Specification and Blackline Specification packages. Inside, the Speed features Dinamica Pure upholstery, a redesigned instrument cluster, sport pedals, 24-way power-adjustable front comfort seats, and 14-way power-adjustable rear seats. Both rows of seats are heated, ventilated, and equipped with a massage function; Bentley argues that performance and comfort aren't mutually exclusive. Piano Black trim comes standard but other types of wood (like Crown Cut Walnut) are no-cost options. Pricing information for the 2023 Bentley Flying Spur Speed hasn't been released yet.