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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.

Alfa Romeo 8C and GTV: Classic names revived as high-powered hybrids

BOLOCCO, Italy — There were grand plans for Alfa Romeo at FCA's last five-year plan. By 2018, we were supposed to get eight new products, including a new "specialty" vehicle. In reality, we've gotten the Giulia and Stelvio. At this year's follow-up, Alfa Romeo brand head Tim Kuniskis called the last plan ambitious, but he offered a new vision that was both more realistic and more far-reaching. Beyond doubling down on utility and electrified vehicles, by 2022 Alfa has plans to revive both the 8C and GTV names as high-performance hybrids. Since 2014, Alfa sales are up 160 percent, with an estimated 170,000 vehicles to be sold in 2018. The North American market counts for 16 percent of that, up from nothing back in 2013. Future products will focus on Alfa's current strengths: styling and performance. Look for new compact and full-size utility vehicles to slot on each side of the Stelvio. Plans for a larger sedan seemed to have been nixed, though a long-wheelbase version of the Giulia will make it to the ever-increasing Chinese market. The most exciting news obviously comes from the return of the 8C supercar and GTV sports car. We have few details, but what we do know looks promising. The 8C will use a carbon-fiber chassis with a mid-mounted twin-turbo V6. More than 700 horsepower will be sent to all four wheels thanks to an electrically-driven front axle. The car should hit 62 mph in fewer than 3 seconds. The GTV will be slightly more tame, though Alfa is promising more than 600 horsepower from its hybrid powertrain. The four-seater will also have all-wheel drive, torque vectoring and a 50/50 weight distribution. The brief teaser image shows a car that looks like a two-door Giulia, though it's unclear if we'll actually get a new coupe. Electrification, autonomy and connectivity are coming, too. Obviously, the 8C and GTV will get electrified powertrains, but look for each Alfa Romeo model to have some sort of electrification available. Look for six plug-in hybrids with all-electric ranges of more than 30 miles. Level 2 and 3 autonomous systems are coming, too. Related Video: Design/Style Earnings/Financials Green Alfa Romeo Aston Martin Coupe Crossover SUV Hybrid Luxury Performance Supercars FCA alfa romeo 8c

Aston Martin Vanquish Carbon Edition is back in black [w/video]

Earlier this year, I spent the weekend with an Aston Martin Vanquish Volante in a particularly interesting shade of green – the same car you see photographed here, for our First Drive. When it was dropped off, I remember just staring at it, taking in all of its lines, the curves, its pronounced hips – all the details. To say the Vanquish is a gorgeous car is a vast understatement. And here at the Paris Motor Show, the already classy range-topping Aston coupe dons an even more gorgeous appearance in the form of the Carbon Edition. Aston Martin has already given similar treatments to its Vantage, DB9 and DBS (the Vanquish's predecessor), and the svelte look can be had on either the coupe or convertible models, available in black or white. The car gets black window surrounds, darker headlight trim, gloss black alloy wheels and a stylish herringbone carbon fiber trim in the cabin to go with the quilted leather upholstery. One thing that's left unchanged with the Carbon Edition is the massive, old-school powerplant underhood: Aston's 6.0-liter naturally aspirated V12 with 568 horsepower and 465 pound-feet of torque. Hitting 60 miles per hour takes just 3.6 seconds, on its way to a top speed of just over 200 mph. Have a look at the Carbon Aston in our live gallery above, and click below for a short video showing the sleek new Vanquish.