The Porsche Spyder 918 hybrid leads some of the new releases at the 80th Geneva International Motor Show.
The Porsche Spyder 918 hybrid leads some of the new releases at the 80th Geneva International Motor Show.

Clean concepts show way to the future



The Geneva Motor Show is an important date on the automotive industry calendar, previewing what will roll out of Europe's car factories. Manufacturers from outside Europe also get a chance to show their wares in their push to break into the continental market. Mercedes-Benz F800 Style Concept Mercedes-Benz says its F800 Style concept is a future-thinking showcase that can run with traditional power, cleaner, hybrid power or ultra-clean fuel-cell power - and they're right. It's fast, advanced and clean, but Benz's first job is to prepare the public for the look of its baby brother for the CLS sedan when it lands in two years.

Its swoopy new look will be a harbinger of things to come for all of Benz's sedans. The F800 Style's body, with sliding rear door, came from its design studio in Sindelfingen, Germany, while its radical cabin came from its interior design studio on Lake Como, Italy. The fuel cell version will run on zero-emission electric power for 600km, while the petrol-electric hybrid hits 100kph in 4.8 seconds.

Both the F800 Style's fuel-cell electric and hybrid systems are nearly production ready and being tested in Germany. Lamborghini Gallardo LP570-4 Lamborghini has added more power and stripped 70kg from its Gallardo supercar to combat Ferrari's 458 Italia. Debuting at Geneva, the LP570-4 Superleggera is the fastest Gallardo yet, sprinting to 100kph in 3.4 seconds, with a 325kph top speed.

The 1,410kg, 570hp V10 powerhouse also gets a launch-control mode, cranking the 90-degree, all-alloy V10 up to 5,000rpm before bursting off the line, hitting 200kph in 10.2 seconds. Even with this performance, the Superleggera's light weight gives it a 20.5 per cent fuel consumption and CO2 emission improvement over its 2007 predecessor. After cementing its carbon-fibre research alliance with the University of Washington's Advanced Composite Structures Laboratory, the Superleggera uses carbon-fibre for the rear diffuser, underbody panelling, exterior mirror housings, door sills and rear spoiler.

Lotus Evora 414E hybrid British sports car maker Lotus has claimed a raft of patents with its hi-tech Evora 414E concept that turns a humble 1.2L engine into 414hp. The concept Evora is fast and clean, debuting engineering breakthroughs on its way to a sub-four second zero-to-100kph time, about a second faster than the standard 3.5L, V6 petrol-powered Evora. The rear-drive Evora 414E uses a light three-cylinder petrol engine to power a revolutionary new battery. It then uses two electric motors to independently drive each of the rear wheels via two single-speed gear sets. The car can travel 483km before it needs either electrical or conventional refilling. It can be charged to a 50km range from a home electrical socket.

Given how quiet the car will be, Lotus worked with the audio supplier, Harmon, to simulate engine noise from speakers in the front and rear bumpers so pedestrians can hear it. The lithium polymer battery is another step forward from lithium ion, holding the battery's electrolyte in a solid polymer composite. It has been designed for high-performance work, capable of discharging 100kW while the 1.2L petrol engine musters only 35kW.

Called the Lotus Range Extender engine, it will also be seen in the Giugiaro-Proton hybrid concept. Proton by Giugiaro Proton, the Malaysian government-owned automaker, has enlisted Italian and English help to catch up with leading car companies. At Geneva, Proton launched two cutting-edge hybrid drive concepts from the Italian design legend, ItalDesign-Giugiaro. One is a city car and the other is a crossover, something Proton has yet to create successfully.

Designed to give a midsized, SUV-style cabin space in a small, A-segment body, both concepts use a sandwich-style false floor to house the hybrid's battery. Lotus has engineered the drivetrain and the car's 1.2L, three-cylinder petrol engine can also operate on ethanol or methanol. While the raised cabin floor could have been an impediment, Giugiaro has used it to provide a seat hip-point that is at the normal standing height for most people.

The five-door city car is just 3.5m long and has four identical seats, all of which slide back and forward independently. The three-door Crossover version is the same length, but with a slightly higher ground clearance, plus five seats. Audi RS5 An embarrassing internal leak has forced Audi to release the full details of its new, stove-hot RS5 coupe a week before Geneva. It's a 443hp V8, based on the hot-selling A5 coupe, with its seven-speed double-clutch gearbox and new centre differential for its all-wheel drive system.

A high-revving, direct-injection V8, the RS5's engine will share its mechanical features with the R8 super coupe. It will deliver its maximum power at 8,250rpm, yet will still have 430Nm of torque between 4,000 and 6,000rpm. All of this will be enough, Audi claims, to propel the coupe to 100kph in 4.6 seconds on its way to an electronically limited 250kph top speed. The Quattro-built super coupe will post 10.8L/100km for the combined cycle of city and country work.

Porsche 918 Spyder Under the Porsche 918 Spyder concept's gorgeous monocoque skin made of carbon fibre-reinforced plastic lies a hybrid petrol-electric drivetrain that delivers outstanding performance and efficiency. A mid-mounted 3.4L V8, developed from the RS Spyder racing programme and producing more than 500hp, powers the rear wheels, while two electric motors powered by a fluid-cooled lithium ion battery power the front and rear axles. While acceleration from 0-to-100kph is a swift 3.2 seconds and it gets to a top speed of 320kph, Porsche says the 918 will deliver a mileage of just 3L/100km.

The gearbox hooked to the rear wheels is notable not just that it has seven speeds, but for the name the company gave it: Porsche-Doppelkupplungsgetriebe. Power from the V8 and one electric motor goes through this tongue-twister, while the front electric motor at has a single-speed transmission. The driver will have a choice of four modes: an electric-only mode; an efficient hybrid mode; a sport mode that focuses on performance; and a Race Hybrid mode that features a "push-to-pass" button for limited extra power.

* With additional reporting by Neil Vorano

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

While you're here
Feeding the thousands for iftar

Six industrial scale vats of 500litres each are used to cook the kanji or broth 

Each vat contains kanji or porridge to feed 1,000 people

The rice porridge is poured into a 500ml plastic box

350 plastic tubs are placed in one container trolley

Each aluminium container trolley weighing 300kg is unloaded by a small crane fitted on a truck

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.