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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 announces mild-hybrid variant of MX-30 crossover in Japan

Mazda hinted its first series-produced electric car, the MX-30 introduced in late 2019, might not be sold in the United States. We could see it on our shores with another powertrain under its coupe-like sheetmetal, however. The company announced a mild-hybrid variant of the crossover during a press conference held in Japan. Technical details about the gasoline-electric MX-30 are hazy, but Mazda said it's powered by the same basic mild-hybrid system available in the Mazda3 and the CX-30. That means the drivetrain is built around a 2.0-liter four-cylinder engine and a small electric motor that captures the kinetic energy generated while braking. It uses this electricity to power the car's electronics, and it injects it into the driveline to deliver bursts of extra power. Fuel economy and performance figures haven't been released yet. We expect the mild-hybrid model will be quicker than the heavier electric version, and its driving range will be appreciably greater. The electric model is equipped with a relatively small, 35.5-kilowatt-hour lithium-ion battery pack that delivers a 124-mile range. Mazda explained using a smaller pack yields total CO2 emissions on par with a turbodiesel-powered Mazda3. The biggest visual difference between the two variants is an e-Skyactiv-G emblem on the hatch. Both model wear the same sporty design characterized by a steeply-raked roof line and a set of rear-hinged half doors reminiscent of the rotary-powered RX-8. It's the same story inside, where the hybrid and the EV are all but identical. Significantly, the hybrid MX-30 is expected to cost less than the electric model, which carries a base price of ˆ33,490 (about $40,000) in Germany. All told, it's better positioned than the EV to stick the landing if it's sent to the United States. Mazda hasn't yet published a list of the countries where it will sell the hybrid MX-30. Autoblog asked the company for additional details, and received word back that the company hasn't yet "made any announcements on MX-30 for the U.S. market." Related Video:     Featured Gallery 2021 Mazda MX-30 e-Skyactiv-G Green Mazda Crossover Electric Hybrid

Mazda LM55 Vision Gran Turismo reshapes a winning form [w/video]

In the history of endurance racing, there's only ever been one Japanese automaker to win the famous 24 Hours of Le Mans, and as you might have guessed, that was Mazda in 1991 with the 787B – which was, incidentally, the only one ever to win the race under rotary power, or really anything other than a conventional piston engine. That racing success is something Mazda can be proud about, even over two decades later, and it's a badge of honor the automaker is revisiting with the LM55 prototype you see here. Only instead of unleashing it on the Circuit de la Sarthe – or really any actual race track – the Mazda LM55 Vision Gran Turismo is bound only for PlayStation. The latest addition to the Vision Gran Turismo lineup, the LM55 takes inspiration from the aforementioned 787B but gives it a modern KODO design theme. The result is pretty stunning, taking a more radical approach than the Skyactiv Prototype the company is fielding in the United SportsCar Championship or even the dearly departed, head-turning Furai concept. But unlike that diesel prototype and the Wankel-powered 787B, Mazda hasn't specified any kind of novel powertrain for the LM55, fictitious or otherwise - saying only that it has "advanced drive train technology that offers the epitome of power, efficiency and durability and the result is an exceptional power to weight ratio exceeding that of most cars in its class." Just what that class would be we'll likely never find out, but if you don't have a PS3 loaded with GT6 (or, for that matter, even if you do), you can scope out the virtual action in the slideshow above and the rather Christmas-y video below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Mazda LM55 Vision Gran Turismo View 23 Photos News Source: Polyphony Digital Toys/Games Mazda Concept Cars Racing Vehicles Videos Gran Turismo gt6 vision gran turismo