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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 next model gets Airline Seat Specification option

Bentley is preparing to add a fifth model to its line-up. The company isn't ready to reveal the car's identity — though we think we know what we're looking at — but it announced that the mysterious vehicle will be available with an option called Airline Seat Specification. If you travel in economy class, there is absolutely nothing glamorous about an airline seat: it's often thinly-padded, cramped, and not nearly as clean as we like to imagine. Bentley's new option takes inspiration from the front of the plane, however, where business class and first-class passengers fly. Buyers who order the Airline Seat Specification option will get a car whose individual rear seats are 22-way power-adjustable, feature what the firm calls an "auto climate sensing system," and benefit from an advanced postural adjustment technology that offers 177 individual pressure changes possible across six zones. Bentley proudly calls this the most advanced seat ever fitted to a car. The company is also embedding lighting elements into the door panels. Called Bentley Diamond Illumination, this system consists of 12 LEDs integrated into the front door panels and 22 LEDs integrated into the rear door panels. They're configured to shine through small holes in the upholstery. The result is shown in the image above, though other designs may be possible. Bentley pointed out that the model it's preparing to unveil will offer no less than 24 billion (yes, billion!) unique possible configurations of trim specification alone. As for the rest of the car, nothing is official yet but we're fairly sure that we're looking at a long-wheelbase version of the Bentayga. We'll have a better idea of what Bentley has in the pipeline when the model makes its debut online on May 10, 2022, at 12:30 p.m British time. Related video:

2022 Bentley Continental GT Speed Convertible puts 208 mph of wind in your hair

The Bentley Continental GT is once again merging the higher-performance capabilities of its Speed trim level with the open-top convertible body style in the new 2022 Bentley Continental GT Speed convertible. The GT Speed convertible's upgrades largely mirror those of the recently unveiled 2022 GT Speed coupe. They start with increased output from Bentley's W12 engine, which has been turned up to 650 horsepower from 626 horsepower in the non-Speed W12 (torque remains unchanged at 664 lb-ft) and given a more characterful exhaust note. The W12 here again pairs with an eight-speed dual-clutch automatic transmission and all-wheel drive, although both have been recalibrated for Speed duty. The transmission spends more time in lower gears, while the all-wheel-drive system has a more rearward torque bias in the various drive modes. The combination is good for a factory-stated 0-to-60-mph time of 3.6 seconds and a top speed of 208 mph. That's 0.1 second and quicker than the standard W12 convertible and 1 mph faster, thus earning the Speed its name. The Speed's chassis also has been upgraded, with four-wheel steering, an electronic limited-slip rear differential, and optional carbon-ceramic disc brakes with 10-piston front and four-piston rear calipers. They join existing Continental GT chassis technologies that include active air suspension, adaptive dampers, and active anti-roll bars powered by a specific 48-volt electric system. Speed-specific 22-inch wheels are offered in a dark-tint finish to match the mesh grille or, alternately, bright silver or gloss black. Special side gills and discrete "Speed" badging complete the modest exterior makeover. The convertible top is offered in a choice of seven colors including an oh-so-British tweed, and there are eight headliner colors. The fully automated roof can be stowed or raised in 19 seconds. The cabin features Alcantara microsuede accents and two-tone leather and Alcantara seating surfaces with diamond-in-diamond pattern stitching and "Speed" logos stitched into the headrests. Piano black trim is standard, but numerous wood veneers can be specced. There are also metal-trimmed pedals. Heated and ventilated seats are on hand, along with a heated steering wheel and heated armrests to maximize the top-down driving season. There's also a standard neck-warmer that is said to be more powerful and also quieter than before.