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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.

Watch this Lamborghini Aventador shoot flames and light itself on fire

The stationary revving of high-horsepower, high-cylinder-count Italian engines may be an adolescent pleasure among the world's wealthy, but it's a mechanical display of machismo we're usually prepared to indulge simply because it sounds so great. And it's a spectacle made all the better when one's exhaust spits flames, right? Well, most of the time. Check out this Lamborghini driver, who gets a bit exuberant with his right foot only to have disaster strike.
The driver's Aventador has no problem shooting long flames, and apparently they're hot enough to catch portions of the supercar's body alight. However, the driver's reaction might be even more unbelievable. Watch the video to see what happens - his response certainly isn't how many people would react to their supercar being on fire, perhaps because he isn't completely comprehending what's going on.
One final note; while the video's title claims that the fire is the result of a design flaw, there's not really enough information here to know if that's actually the case. The Lambo could be running an unsuitably modified exhaust or ECU to help it shoot big flames, or the issue could be as simple as debris caught in the rear vents lighting up.

Lamborghini Gallardo LP570-4 Squadra Corse isn't mellow, comes in yellow

Normally, this is the part where we remind you that the Lamborghini Gallardo is about to be replaced, and that this LP570-4 Squadra Corse is the swan song for the model range. That first part may be true, but at this point, we'd be shocked if yet another special edition Gallardo didn't debut before the car's successor is unveiled. Gotta make that money, honey.
But back to the Squadra Corse. This latest Lambo shares the majority of its components with the Gallardo Super Trofeo, which itself is based on the Superleggera, meaning that car's 570-horsepower V10 carries over, as does the carbon fiber rear wing and removable engine hood. Massive weight-saving methods have been employed here with the Squadra Corse, and thus, the big coupe tips the scales at just 2,954 pounds - that's less than a Volkswagen Golf.
Of course, with that little weight and that much power, performance is pretty staggering. Hitting 60 miles per hour takes 3.4 seconds and the car will rocket to 124 mph in 10.4 clicks. Top speed: 199 mph. Just couldn't muster up that additional mph, we guess.