1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:09,280 --> 00:00:12,720 Speaker 2: I'm Hannah Elliott and I'm Matt Miller. This is Hot Pursuit. 3 00:00:17,520 --> 00:00:18,920 Speaker 2: Coming up on today's podcast. 4 00:00:18,920 --> 00:00:23,000 Speaker 3: Hannah is back from the world's largest showcase of super cars, 5 00:00:23,079 --> 00:00:25,840 Speaker 3: the Concore at the Win in Las Vegas. 6 00:00:26,239 --> 00:00:29,920 Speaker 1: Will bring you my exclusive interviews with the President of Bugatti, 7 00:00:30,000 --> 00:00:34,479 Speaker 1: Christophe Bioschan and Pegani's own Christopher PEGANI. 8 00:00:34,200 --> 00:00:39,960 Speaker 3: Wow to like stratospheric brands, and I'm excited about that, 9 00:00:40,040 --> 00:00:42,839 Speaker 3: and I'm really happy that you went there and did that. 10 00:00:43,240 --> 00:00:47,440 Speaker 2: But I've been kind of bummed out all week. 11 00:00:49,120 --> 00:00:51,599 Speaker 1: I have a feeling that has to do with a cart. 12 00:00:51,800 --> 00:00:56,280 Speaker 3: Yes, I mean super depressed that I missed out on 13 00:00:56,360 --> 00:01:01,840 Speaker 3: an auction on bring a trailer for or what for 14 00:01:01,960 --> 00:01:03,920 Speaker 3: me is like a Grail a Grail car. 15 00:01:04,400 --> 00:01:05,240 Speaker 2: Okay, Okay. 16 00:01:05,319 --> 00:01:08,000 Speaker 3: So I've been like back on bring a trailer, like 17 00:01:08,040 --> 00:01:09,840 Speaker 3: constantly looking at it and I'm seeing a lot of 18 00:01:09,880 --> 00:01:10,520 Speaker 3: sweet deals. 19 00:01:10,560 --> 00:01:13,280 Speaker 2: Like remember last week we were talking about this Ferrari 20 00:01:13,400 --> 00:01:16,120 Speaker 2: three sixty with the six speed, Yes. 21 00:01:15,920 --> 00:01:18,800 Speaker 3: And it went for eighty nine thousand, and you know, 22 00:01:18,920 --> 00:01:22,880 Speaker 3: low miles, everything in perfect condition, and I thought, damn, 23 00:01:23,240 --> 00:01:25,800 Speaker 3: like surprising kind of wish I'd pulled the trigger on that, 24 00:01:25,840 --> 00:01:28,280 Speaker 3: but I also like, it's a Ferrari. I don't need 25 00:01:28,319 --> 00:01:31,840 Speaker 3: that in my neighborhood really, and I feel like the 26 00:01:32,000 --> 00:01:33,840 Speaker 3: maintenance could get out of hand. 27 00:01:33,920 --> 00:01:37,920 Speaker 1: Maybe not, But could you also sent me that ff Ferrari? 28 00:01:38,240 --> 00:01:42,400 Speaker 3: Yeah, a gorgeous ff in like a dark like a 29 00:01:42,440 --> 00:01:48,360 Speaker 3: midnight blue with burgundy leather, also low miles, amazing conditions, 30 00:01:48,400 --> 00:01:50,400 Speaker 3: some kind of special edition, and it went for one 31 00:01:50,440 --> 00:01:51,440 Speaker 3: hundred and forty. 32 00:01:51,120 --> 00:01:54,480 Speaker 1: Six, right, I think I just pulled it up one three. 33 00:01:55,400 --> 00:01:58,120 Speaker 2: I mean, that's you're not losing money on that car. No, 34 00:01:58,280 --> 00:02:02,200 Speaker 2: it's cool, but again, this is you know, you can't 35 00:02:02,200 --> 00:02:04,360 Speaker 2: get that with a manual. And it's cool. 36 00:02:04,400 --> 00:02:08,040 Speaker 3: I love it, but I just don't know how my neighbors, 37 00:02:08,080 --> 00:02:09,240 Speaker 3: how my wife would react. 38 00:02:09,440 --> 00:02:12,040 Speaker 1: You know, she'd probably be excited. 39 00:02:12,560 --> 00:02:13,920 Speaker 2: No, she would not be excited. 40 00:02:15,000 --> 00:02:19,040 Speaker 3: But you know I've had and she's had a nine 41 00:02:19,080 --> 00:02:20,840 Speaker 3: to eleven, so that's in my wheelhouse. 42 00:02:20,840 --> 00:02:21,840 Speaker 1: Like this is acceptable. 43 00:02:22,080 --> 00:02:24,720 Speaker 3: I think you know it's it's a it's a it's 44 00:02:24,800 --> 00:02:27,560 Speaker 3: a car that could be a supercar or just a 45 00:02:27,680 --> 00:02:30,840 Speaker 3: very great sports car, depending which model you get. But 46 00:02:30,880 --> 00:02:34,680 Speaker 3: Portia is you can pull that off in even a 47 00:02:34,680 --> 00:02:38,840 Speaker 3: middle class neighborhood. Sure, and so I've been looking for 48 00:02:39,080 --> 00:02:42,359 Speaker 3: a long long time for an older air cooled Portia, 49 00:02:42,480 --> 00:02:44,600 Speaker 3: not because I'm all up on the whole like Ted 50 00:02:44,600 --> 00:02:47,160 Speaker 3: Gooshu lookka cool. It's like, I don't care, you know, 51 00:02:47,639 --> 00:02:51,160 Speaker 3: if it has a radiator or not, but I just 52 00:02:51,360 --> 00:02:56,640 Speaker 3: want something that's simple, that's mechanical, that's you know, analog 53 00:02:57,320 --> 00:03:02,880 Speaker 3: in every sense of it, even the steering. So I'm 54 00:03:02,919 --> 00:03:06,280 Speaker 3: looking at basically nine six four and previous because I 55 00:03:06,320 --> 00:03:07,760 Speaker 3: don't like the nine to nine. 56 00:03:07,639 --> 00:03:09,400 Speaker 2: To three what they did with the headlights. 57 00:03:10,120 --> 00:03:11,960 Speaker 3: So a lot of people consider nine nine to three 58 00:03:12,000 --> 00:03:14,360 Speaker 3: like the pinnacle of air cooled porschas it was the 59 00:03:14,480 --> 00:03:17,560 Speaker 3: last one. Personally, the style just doesn't do it for me. 60 00:03:17,960 --> 00:03:21,960 Speaker 1: Okay, So you're describing basically nine nineties needs to be 61 00:03:22,040 --> 00:03:22,840 Speaker 1: nineties for you. 62 00:03:23,120 --> 00:03:26,680 Speaker 3: Eighties seventies I'm happy, like with a it would be 63 00:03:26,680 --> 00:03:29,120 Speaker 3: cool to get the year of my birth, you know. 64 00:03:29,639 --> 00:03:33,520 Speaker 2: But what I also want is the wide body. I 65 00:03:33,600 --> 00:03:38,520 Speaker 2: like the flared hips, you know, a body front and back. 66 00:03:38,760 --> 00:03:41,480 Speaker 3: And the nine thirty is what you want if you're 67 00:03:41,600 --> 00:03:43,360 Speaker 3: you know, if what you're looking for, if you want 68 00:03:43,360 --> 00:03:47,400 Speaker 3: that usually right, that's where they really came out with 69 00:03:47,440 --> 00:03:49,040 Speaker 3: the first uh Wid. 70 00:03:50,160 --> 00:03:52,800 Speaker 2: But that's a turbo. And although a lot of people 71 00:03:52,920 --> 00:03:54,080 Speaker 2: love the turbo and. 72 00:03:54,080 --> 00:03:57,920 Speaker 3: They say it's hilarious and they like Barry Werholtz loves 73 00:03:57,960 --> 00:04:01,040 Speaker 3: the kick, you know when it comes on. I want 74 00:04:01,240 --> 00:04:05,480 Speaker 3: like a more linear, controllable torque curve, so I want 75 00:04:05,480 --> 00:04:08,440 Speaker 3: a naturally aspirated car, and you can get sometimes like 76 00:04:08,480 --> 00:04:11,360 Speaker 3: there's the M four ninety one package on the three 77 00:04:11,360 --> 00:04:14,440 Speaker 3: point twos or the WTL on the nine six fours, 78 00:04:14,480 --> 00:04:17,880 Speaker 3: which is the I think it was the wide turbo 79 00:04:18,000 --> 00:04:21,880 Speaker 3: look or something like that, the factory turbo look with 80 00:04:21,920 --> 00:04:26,039 Speaker 3: the naturally aspirated engine. But they're pretty rare, right, You 81 00:04:26,160 --> 00:04:28,320 Speaker 3: just don't see them around that much. They're not as 82 00:04:28,360 --> 00:04:31,760 Speaker 3: expensive as the nine thirties, but they're just scarce. 83 00:04:32,279 --> 00:04:36,320 Speaker 1: So this is leading us to I saw something. You 84 00:04:36,360 --> 00:04:37,360 Speaker 1: saw something. 85 00:04:37,040 --> 00:04:39,080 Speaker 2: Exactly one of the things Porsia did. 86 00:04:39,080 --> 00:04:42,080 Speaker 3: And I also love Cabrio's I know it's not purest, 87 00:04:42,240 --> 00:04:45,520 Speaker 3: but I would probably drive the car mostly in the summer. 88 00:04:45,240 --> 00:04:46,760 Speaker 2: So it's fun top down. 89 00:04:47,080 --> 00:04:50,680 Speaker 3: Yes, Porscha made in the nine to six four generation 90 00:04:51,000 --> 00:04:54,400 Speaker 3: and America Roadster, which I don't. 91 00:04:54,160 --> 00:04:55,320 Speaker 2: Know the whole history of it. 92 00:04:55,320 --> 00:04:58,040 Speaker 3: It was like to commemorate a three point fifty six 93 00:04:58,160 --> 00:05:02,679 Speaker 3: or something they did well. And it's the turbo body, 94 00:05:02,760 --> 00:05:06,680 Speaker 3: so the wider hips. Yes, it's a convertible and it 95 00:05:06,720 --> 00:05:09,880 Speaker 3: has the turbo like the upgraded brakes and everything, but 96 00:05:10,000 --> 00:05:11,679 Speaker 3: it has a naturally aspirated motor. 97 00:05:12,560 --> 00:05:15,440 Speaker 2: And they're kind of they're few and far between. 98 00:05:15,480 --> 00:05:17,600 Speaker 3: They only made like two hundred and fifty of them, 99 00:05:18,040 --> 00:05:20,440 Speaker 3: and so you never really see them, or when you do, 100 00:05:20,560 --> 00:05:22,960 Speaker 3: they're like two hundred grand and more. 101 00:05:23,640 --> 00:05:24,719 Speaker 2: But there was one on Bring a. 102 00:05:24,760 --> 00:05:28,719 Speaker 3: Trailer last week that was absolutely beautiful, like almost perfect, 103 00:05:29,640 --> 00:05:30,919 Speaker 3: literally a grail car. 104 00:05:31,640 --> 00:05:32,640 Speaker 2: Did you see it? I showed it. 105 00:05:32,960 --> 00:05:35,720 Speaker 1: I'm looking at it. I went back into our texts 106 00:05:36,000 --> 00:05:36,880 Speaker 1: and I pulled it up. 107 00:05:36,880 --> 00:05:38,360 Speaker 2: What do you think? What do you think of it? 108 00:05:38,360 --> 00:05:41,520 Speaker 1: It's so you it's like the like if I imagine Matt 109 00:05:41,560 --> 00:05:44,400 Speaker 1: Miller being happy driving. I see you in this car, 110 00:05:44,680 --> 00:05:49,200 Speaker 1: and it's it's cool. It's cool, it's different, it's I 111 00:05:49,320 --> 00:05:51,480 Speaker 1: like it. I like it. It's good. 112 00:05:51,680 --> 00:05:55,280 Speaker 2: It's just like no frills, everything you need nothing. 113 00:05:55,320 --> 00:05:56,560 Speaker 1: This is a Florida car. 114 00:05:56,880 --> 00:05:59,800 Speaker 3: Also, you know, like it says roaster on the back 115 00:05:59,839 --> 00:06:02,080 Speaker 3: and is that of Carrera something or nine to eleven 116 00:06:02,240 --> 00:06:02,680 Speaker 3: or whatever. 117 00:06:02,720 --> 00:06:03,680 Speaker 2: It just says roadster. 118 00:06:03,960 --> 00:06:06,520 Speaker 1: Yeah it's cool. No, this is very this is cool, 119 00:06:06,640 --> 00:06:08,800 Speaker 1: and this says to your point. It says it was 120 00:06:08,920 --> 00:06:11,680 Speaker 1: produced to commemorate the fortieth anniversary of the three five 121 00:06:11,800 --> 00:06:15,200 Speaker 1: six America. Right, So you got it right, So gotter right. 122 00:06:15,400 --> 00:06:17,920 Speaker 2: And I'm looking at this following the auction. 123 00:06:18,200 --> 00:06:21,520 Speaker 3: I remember when it was like five days, four days, 124 00:06:21,560 --> 00:06:24,000 Speaker 3: three days, and I thought, this thing is going to 125 00:06:24,040 --> 00:06:27,520 Speaker 3: go for two fifty because they're just they don't come 126 00:06:27,560 --> 00:06:31,240 Speaker 3: around that often. They're so popular right now. And it's 127 00:06:31,279 --> 00:06:37,080 Speaker 3: the air cooled obviously, the G fifty manual transmission five speed, 128 00:06:37,240 --> 00:06:41,599 Speaker 3: and I just thought, like, why bother. I'm never going 129 00:06:41,680 --> 00:06:43,599 Speaker 3: to be able to afford this like fun to watch, 130 00:06:43,640 --> 00:06:47,520 Speaker 3: but I didn't watch the last few days of the. 131 00:06:48,160 --> 00:06:51,080 Speaker 1: Were you did you hit the little star that says watching, Yes, 132 00:06:51,160 --> 00:06:52,080 Speaker 1: you were watching this. 133 00:06:52,440 --> 00:06:54,240 Speaker 3: The problem I have is that I hit that star 134 00:06:54,360 --> 00:06:58,240 Speaker 3: for too many things, so okay, my boss constantly has those. 135 00:06:59,160 --> 00:07:02,279 Speaker 3: And then it at the end went for one hundred 136 00:07:02,320 --> 00:07:04,840 Speaker 3: and ten thousand, which is I know, it's a sizable 137 00:07:04,920 --> 00:07:07,839 Speaker 3: chunk of change, like it's a fairly large amount of money, 138 00:07:07,920 --> 00:07:11,000 Speaker 3: of course, of course, but it's so cheap for this 139 00:07:11,160 --> 00:07:14,160 Speaker 3: car and I can't think about anything else. I'm like 140 00:07:14,200 --> 00:07:19,280 Speaker 3: preparing for my daily broadcast on Bloomberg Television, and I 141 00:07:19,320 --> 00:07:23,200 Speaker 3: should be, you know, reading notes from Rick Reader at 142 00:07:23,200 --> 00:07:27,480 Speaker 3: Blackrock on you know, the labor economy, And instead I'm 143 00:07:27,480 --> 00:07:30,200 Speaker 3: talking to chat gbt about when am I ever gonna 144 00:07:30,200 --> 00:07:33,520 Speaker 3: find an America roadster again for one hundred and ten thousand, 145 00:07:33,720 --> 00:07:36,680 Speaker 3: And the chatbot is like, never, you idiot, why didn't 146 00:07:36,680 --> 00:07:37,480 Speaker 3: you pull the trigger? 147 00:07:38,640 --> 00:07:41,720 Speaker 1: Oh, Matt, I'm sorry. I can only say I'm sorry. 148 00:07:41,760 --> 00:07:45,080 Speaker 1: This this is a loss. This is a huge loss. 149 00:07:45,600 --> 00:07:46,600 Speaker 1: I don't know what to tell you. 150 00:07:46,720 --> 00:07:48,160 Speaker 2: It's killing me. Do we know? 151 00:07:48,640 --> 00:07:50,480 Speaker 1: Could you figure out who bought it? 152 00:07:50,640 --> 00:07:50,720 Speaker 4: Like? 153 00:07:50,760 --> 00:07:51,800 Speaker 1: Do you know? Handle? 154 00:07:52,880 --> 00:07:55,800 Speaker 3: I hoped whoever came, whoever won the bid doesn't come 155 00:07:55,840 --> 00:07:57,600 Speaker 3: up with the money, because sometimes that happens, you. 156 00:07:57,560 --> 00:07:57,840 Speaker 5: Know, the. 157 00:07:59,360 --> 00:07:59,880 Speaker 2: Ghosts. 158 00:08:00,400 --> 00:08:04,280 Speaker 3: Yeah, but I just I'm gonna probably have to wait 159 00:08:04,320 --> 00:08:08,800 Speaker 3: another few years at least until something like this. I 160 00:08:08,840 --> 00:08:11,720 Speaker 3: don't need the Cabrio. I'm happy to have. Like I said, 161 00:08:11,760 --> 00:08:14,960 Speaker 3: anything with the wide body and an NA motor. 162 00:08:16,120 --> 00:08:16,640 Speaker 2: I would take. 163 00:08:16,680 --> 00:08:18,680 Speaker 3: And obviously I would take a nine to thirty Turbo 164 00:08:18,720 --> 00:08:22,239 Speaker 3: as well, but those are expensive, more expensive, not exactly 165 00:08:22,280 --> 00:08:22,800 Speaker 3: what I want. 166 00:08:22,840 --> 00:08:25,560 Speaker 1: But this is your white whale any way exactly could 167 00:08:25,560 --> 00:08:26,440 Speaker 1: be the one. 168 00:08:26,240 --> 00:08:29,320 Speaker 2: That got away had Unfortunately I would have changed that 169 00:08:29,400 --> 00:08:29,840 Speaker 2: right away. 170 00:08:30,000 --> 00:08:34,160 Speaker 1: That's tricky. Yeah, yeah, all right, well, sorry, I'm sorry 171 00:08:34,160 --> 00:08:34,880 Speaker 1: for your loss. 172 00:08:35,400 --> 00:08:39,280 Speaker 3: Enough of hard time, enough of my complaining. Coming up, 173 00:08:39,320 --> 00:08:43,120 Speaker 3: we've got inside intel on what's next for Bugatti at 174 00:08:43,160 --> 00:08:46,280 Speaker 3: a far higher price tag our chat with the president 175 00:08:46,880 --> 00:08:48,920 Speaker 3: from the win in Las Vegas right after this. 176 00:08:53,320 --> 00:08:56,280 Speaker 1: Welcome back to Hot Pursuit. I'm Hannah Elliott. Now let's 177 00:08:56,320 --> 00:09:00,439 Speaker 1: talk about Bugatti. It's the name we all know, and 178 00:09:00,679 --> 00:09:04,920 Speaker 1: they're doing very well. I had this great conversation with 179 00:09:05,000 --> 00:09:08,040 Speaker 1: Christophe Piachan, the president of Bugatti, who told me their 180 00:09:08,160 --> 00:09:11,000 Speaker 1: order books are full until twenty twenty nine. 181 00:09:10,880 --> 00:09:13,160 Speaker 3: Which is, by the way, that says something about how 182 00:09:13,400 --> 00:09:15,839 Speaker 3: well the rich are doing in this world. The rich 183 00:09:15,960 --> 00:09:19,920 Speaker 3: are really doing well. They're just getting richer and richer. 184 00:09:19,960 --> 00:09:22,679 Speaker 3: And every day I'm looking at the stock market, which okay, 185 00:09:22,720 --> 00:09:25,520 Speaker 3: today was a down week, the first down week in 186 00:09:26,240 --> 00:09:28,920 Speaker 3: four but still well over sixty seven hundred on the 187 00:09:29,000 --> 00:09:32,679 Speaker 3: S and P. We just had the most bond issuance 188 00:09:32,679 --> 00:09:36,560 Speaker 3: in any year of all time, six trillion dollars of 189 00:09:36,640 --> 00:09:38,199 Speaker 3: bond issuance and we're not even at the end of 190 00:09:38,200 --> 00:09:38,480 Speaker 3: the year. 191 00:09:38,480 --> 00:09:41,680 Speaker 2: Elon Musk just got I was just gonna say, a. 192 00:09:41,559 --> 00:09:46,000 Speaker 3: Trillion dollar pay package approved and by the way, overwhelmingly 193 00:09:46,040 --> 00:09:49,080 Speaker 3: positive the vote. Seventy five percent of shareholders were like, yes, 194 00:09:49,200 --> 00:09:50,640 Speaker 3: pay him a trillion dollars. 195 00:09:51,480 --> 00:09:54,840 Speaker 1: This does seem like quite a moonshot type company. You know, 196 00:09:54,880 --> 00:09:57,760 Speaker 1: I've heard the justifications for it, like we need to 197 00:09:57,760 --> 00:10:00,720 Speaker 1: give him very high goals because that how that is 198 00:10:00,760 --> 00:10:02,920 Speaker 1: the nature of this company and it always has been. 199 00:10:03,240 --> 00:10:06,480 Speaker 1: And obviously he won't receive that payout and unless he 200 00:10:06,520 --> 00:10:09,439 Speaker 1: accomplishes these tasks that have been set before him. 201 00:10:09,520 --> 00:10:11,199 Speaker 3: Right, he has to make Tesla worth eight and a 202 00:10:11,240 --> 00:10:14,760 Speaker 3: half trillion, and that would, to be fair, make a 203 00:10:14,800 --> 00:10:17,680 Speaker 3: lot of other people very rich as well, right, I 204 00:10:17,679 --> 00:10:23,000 Speaker 3: mean their market cap has to basically go up seven x. 205 00:10:23,320 --> 00:10:25,200 Speaker 3: In any case, this is all to say that more 206 00:10:25,240 --> 00:10:27,000 Speaker 3: and more people can afford bugattis. 207 00:10:27,400 --> 00:10:30,080 Speaker 1: I was just gonna say that exact same thing, Matt. 208 00:10:30,520 --> 00:10:34,079 Speaker 1: Let's get to my interview with Christophe Piaschon from Bugatti. 209 00:10:34,400 --> 00:10:35,880 Speaker 2: How are you very good? 210 00:10:35,880 --> 00:10:37,360 Speaker 1: It's very good and you seem very cool. 211 00:10:37,600 --> 00:10:40,600 Speaker 4: It's great to be here in the WIIM in Las 212 00:10:40,679 --> 00:10:44,120 Speaker 4: Vegas and seeing so much Bughetti at one. 213 00:10:44,000 --> 00:10:46,800 Speaker 1: Place, it's unbelievable. Is it true that this is the 214 00:10:46,840 --> 00:10:50,240 Speaker 1: world's largest grouping of Bugattis ever? 215 00:10:50,720 --> 00:10:51,000 Speaker 2: Ever? 216 00:10:51,679 --> 00:10:55,560 Speaker 4: Believe me, I'm sitting on the source where normally all 217 00:10:55,640 --> 00:10:59,560 Speaker 4: Bughettis are produced, and I never saw so much calls 218 00:10:59,640 --> 00:11:03,280 Speaker 4: on what spot as I did. Today. We will have 219 00:11:03,440 --> 00:11:08,160 Speaker 4: over sixty six modern Bughetti together gethering here in Las Vegas. 220 00:11:08,200 --> 00:11:10,480 Speaker 1: And that's the Verrons, the Churon's what we have. Some 221 00:11:10,559 --> 00:11:11,920 Speaker 1: turbion's here. 222 00:11:11,760 --> 00:11:16,400 Speaker 4: Too, one, two beyond. Mostly this time we are celebrating 223 00:11:16,480 --> 00:11:19,720 Speaker 4: the twenty years of viron Okay, And I have to 224 00:11:19,720 --> 00:11:22,800 Speaker 4: say it's also a bit emotional for me because I'm 225 00:11:22,920 --> 00:11:27,600 Speaker 4: part of this journey since the beginning, let's say, since 226 00:11:27,600 --> 00:11:31,400 Speaker 4: two thousand and two, and working since the beginning with 227 00:11:31,640 --> 00:11:36,120 Speaker 4: all projects and ideas from Ferdinand Peach and seeing after 228 00:11:36,320 --> 00:11:41,200 Speaker 4: twenty years, so much modernka together here in Las Vegas, 229 00:11:41,640 --> 00:11:43,160 Speaker 4: it's very emotional. 230 00:11:43,520 --> 00:11:49,200 Speaker 1: Okay. So electric engine electric motors versus internal combustion engines, 231 00:11:49,240 --> 00:11:52,040 Speaker 1: because this is the big debate, of course. Yeah, what 232 00:11:52,080 --> 00:11:55,120 Speaker 1: I hear is that the type of customer and a 233 00:11:55,200 --> 00:11:59,160 Speaker 1: sprice point actually does want a combustion engine, and as 234 00:11:59,200 --> 00:12:01,600 Speaker 1: asking for it is that also what you're saying. 235 00:12:01,840 --> 00:12:04,160 Speaker 4: That was the feedback we received a few years ago 236 00:12:04,200 --> 00:12:07,360 Speaker 4: when we started the analyzed as a clinic with our 237 00:12:07,920 --> 00:12:11,560 Speaker 4: potential customers or existing customers of Virol. That was a 238 00:12:11,600 --> 00:12:16,560 Speaker 4: clear feedback the next generation of Bughetti should have at 239 00:12:16,679 --> 00:12:25,360 Speaker 4: least a themic engine and if not fully with a 240 00:12:25,480 --> 00:12:29,400 Speaker 4: thermal engine, with maybe hybrid. And that's how came the 241 00:12:29,480 --> 00:12:31,000 Speaker 4: idea with the turbion. 242 00:12:31,400 --> 00:12:34,479 Speaker 1: Why are they so obsessed with combustion engines. 243 00:12:34,960 --> 00:12:39,240 Speaker 4: I think it's a sensation. You don't drive a Bughetti 244 00:12:39,480 --> 00:12:42,920 Speaker 4: to as a daily that's something which you use. 245 00:12:43,040 --> 00:12:44,920 Speaker 1: We don't know there is few. 246 00:12:44,720 --> 00:12:47,920 Speaker 4: Customers which are using it as a daily car, but 247 00:12:48,679 --> 00:12:51,560 Speaker 4: they want to have some sensations. They want to have 248 00:12:51,880 --> 00:12:55,480 Speaker 4: for sure the acceleration, the feeling of top speed, but 249 00:12:55,720 --> 00:12:59,560 Speaker 4: also the sound of the engine. And till now we 250 00:12:59,640 --> 00:13:03,200 Speaker 4: have the sixteen, which is very unique for Bugatti with 251 00:13:03,440 --> 00:13:07,320 Speaker 4: different stage of power, and now with the complete new 252 00:13:07,360 --> 00:13:10,800 Speaker 4: generation we created with the two billyond, we also reveal 253 00:13:10,920 --> 00:13:17,600 Speaker 4: a very sensitive and acoustically impressive V sixteen with the 254 00:13:17,640 --> 00:13:20,720 Speaker 4: sensation of a natural aspirated engine. 255 00:13:21,160 --> 00:13:25,320 Speaker 1: A hybrid is acceptable from your customers. The customers are 256 00:13:25,360 --> 00:13:29,720 Speaker 1: telling hybrids are acceptable because they still can tap into Yeah, 257 00:13:29,880 --> 00:13:31,040 Speaker 1: is that accurate. 258 00:13:31,040 --> 00:13:34,840 Speaker 4: They use I would say we are using the hybrid 259 00:13:35,240 --> 00:13:39,960 Speaker 4: as a performance support because we wanted to have a 260 00:13:40,000 --> 00:13:45,240 Speaker 4: more emotional car you by having a natural aspirated engine. 261 00:13:45,520 --> 00:13:48,160 Speaker 4: But you know the weakness of a natural aspirated engine 262 00:13:48,200 --> 00:13:50,640 Speaker 4: is with the low waves, you don't have the talque. 263 00:13:51,200 --> 00:13:55,040 Speaker 4: And now with the combination with the eight hundred horsepower 264 00:13:55,080 --> 00:13:59,520 Speaker 4: electric plus one thousand horse power termic, that's really a 265 00:13:59,559 --> 00:13:59,959 Speaker 4: game chain. 266 00:14:00,559 --> 00:14:02,960 Speaker 1: You know. What I think is really interesting is we're 267 00:14:03,000 --> 00:14:06,720 Speaker 1: not just talking about pure speed, because we know that 268 00:14:06,920 --> 00:14:11,120 Speaker 1: electric technology can get us super fast speeds really quickly instantly. 269 00:14:11,960 --> 00:14:15,040 Speaker 1: But what you're describing is not just about speed. It's 270 00:14:15,040 --> 00:14:18,600 Speaker 1: a combination of some sort of tactile experience. 271 00:14:18,200 --> 00:14:23,280 Speaker 4: Because how many how are often our driving over customers 272 00:14:23,320 --> 00:14:27,880 Speaker 4: overphoned kilometers powers very few times And last time we 273 00:14:27,960 --> 00:14:32,160 Speaker 4: organized an event like CES, it was in Captainaverras drove 274 00:14:32,240 --> 00:14:35,600 Speaker 4: them their own car on the landing place from the 275 00:14:35,600 --> 00:14:38,960 Speaker 4: space shuttle. But most of the time they are using 276 00:14:39,000 --> 00:14:44,239 Speaker 4: it on the highway or by curvy roads in the mountains. 277 00:14:44,560 --> 00:14:47,840 Speaker 4: And then you need to enjoy the acceleration, the talk 278 00:14:48,400 --> 00:14:52,680 Speaker 4: and the sensation of a nice engine in the back 279 00:14:52,720 --> 00:14:55,120 Speaker 4: of you. And this is really what we want to 280 00:14:55,160 --> 00:14:58,000 Speaker 4: trigger that we also want to have such kind of 281 00:14:59,280 --> 00:15:03,720 Speaker 4: expression and feeling of acceleration. But not only is the 282 00:15:03,760 --> 00:15:06,000 Speaker 4: pure acceleration of the which you could get with an 283 00:15:05,960 --> 00:15:09,280 Speaker 4: electrical but also with the sound which is according sure. 284 00:15:09,120 --> 00:15:13,080 Speaker 1: Of course, Now let's talk about a manual transmission. See 285 00:15:13,320 --> 00:15:15,840 Speaker 1: it goes hand in hand with the conversation with the 286 00:15:15,840 --> 00:15:18,000 Speaker 1: combustion engine, because I often hear people say, oh, I'd 287 00:15:18,000 --> 00:15:22,360 Speaker 1: love to get a manual whatever Aston Martin or PEGANI like, 288 00:15:22,400 --> 00:15:25,680 Speaker 1: we just were talking whether or not that actually they 289 00:15:25,720 --> 00:15:28,360 Speaker 1: actually would purchase it. Everyone says they want it. 290 00:15:28,600 --> 00:15:29,080 Speaker 4: Yeah. 291 00:15:29,120 --> 00:15:31,840 Speaker 1: Do you hear that from your customers as well? And 292 00:15:31,920 --> 00:15:33,120 Speaker 1: would you ever consider it? 293 00:15:34,040 --> 00:15:37,400 Speaker 4: We heard about it, Yeah, we are looking also at 294 00:15:37,440 --> 00:15:40,960 Speaker 4: it what it should be. But don't forget that twenty 295 00:15:41,040 --> 00:15:45,120 Speaker 4: years ago when we introduced the Viral with the first 296 00:15:45,240 --> 00:15:48,520 Speaker 4: dupper clutch system with an hypercal which and I have 297 00:15:48,600 --> 00:15:51,760 Speaker 4: to say the Viral was the first hypercal at all 298 00:15:52,640 --> 00:15:55,600 Speaker 4: and it was really the creation of a new segment 299 00:15:56,200 --> 00:15:59,040 Speaker 4: and the first days drive we had and I was 300 00:15:59,400 --> 00:16:02,720 Speaker 4: the one which was organizing the test drive and making 301 00:16:02,720 --> 00:16:07,600 Speaker 4: it myself. Also with customers. They were impressed or smooth, 302 00:16:07,720 --> 00:16:12,440 Speaker 4: and how easy it is to drive, because it's not 303 00:16:12,600 --> 00:16:16,000 Speaker 4: so common to have over one thousand horse but were available, 304 00:16:16,120 --> 00:16:19,920 Speaker 4: but to have it easy to drive. This is really 305 00:16:20,240 --> 00:16:24,120 Speaker 4: the queue, yes, and that's what we manage with the 306 00:16:24,200 --> 00:16:28,680 Speaker 4: ven which for me is fitting to the philosophy which 307 00:16:28,720 --> 00:16:31,400 Speaker 4: we have that we have a luxury car which is 308 00:16:31,480 --> 00:16:33,960 Speaker 4: also the fastest one, but easy to drive. 309 00:16:35,080 --> 00:16:39,400 Speaker 1: And so it sounds like even if customers say we 310 00:16:39,520 --> 00:16:40,960 Speaker 1: really want it, you know. 311 00:16:41,000 --> 00:16:44,800 Speaker 4: The manual gear is something more demanding for the driver. Yes, 312 00:16:45,120 --> 00:16:49,760 Speaker 4: it's requesting a lot of more experience in art of driving, 313 00:16:50,400 --> 00:16:54,720 Speaker 4: and that could be for some of our customers very 314 00:16:54,760 --> 00:16:58,160 Speaker 4: interesting and maybe we'll look at that in the future. 315 00:16:58,760 --> 00:17:02,280 Speaker 4: But first of all, to satisfy ninety nine percent of 316 00:17:02,280 --> 00:17:05,280 Speaker 4: our customers, which are happy with the Butler system. 317 00:17:05,440 --> 00:17:10,240 Speaker 1: Yeah, okay, I want to ask about speed records. Obviously 318 00:17:10,240 --> 00:17:14,520 Speaker 1: Bugatti has held some wonderful land speed record titles in 319 00:17:14,560 --> 00:17:18,600 Speaker 1: the past. Do you also anticipate you will continue to 320 00:17:18,720 --> 00:17:19,880 Speaker 1: chase those in the future. 321 00:17:21,680 --> 00:17:25,480 Speaker 4: The focus for me is more the liability, and yes, 322 00:17:25,680 --> 00:17:29,280 Speaker 4: speed is important. Speed we will focus on. We have 323 00:17:29,600 --> 00:17:32,399 Speaker 4: for sure seen what happens with the Chinese electric car 324 00:17:32,520 --> 00:17:36,359 Speaker 4: which broke our record. Best respect for that, but we 325 00:17:36,440 --> 00:17:38,400 Speaker 4: still have was the record with. 326 00:17:38,359 --> 00:17:39,920 Speaker 2: The ic eng Yes, of course. 327 00:17:40,320 --> 00:17:43,120 Speaker 1: And I have to imagine it does matter to your customers. 328 00:17:43,440 --> 00:17:44,960 Speaker 1: That is something that attracts them. 329 00:17:45,200 --> 00:17:45,960 Speaker 2: Yes, And is that. 330 00:17:46,080 --> 00:17:49,720 Speaker 4: Yes, it's true, Yes, because it's a bit the quartet 331 00:17:49,760 --> 00:17:52,359 Speaker 4: you know, my host my car. Yes, and that's the 332 00:17:52,400 --> 00:17:54,879 Speaker 4: fastest one, that joker which you have in your in 333 00:17:54,920 --> 00:18:00,439 Speaker 4: your cards and anyway if you are driving on the road, 334 00:18:00,640 --> 00:18:02,960 Speaker 4: you know I can be the fastest one. Yeah. 335 00:18:03,359 --> 00:18:05,320 Speaker 1: Okay. Finally, I just want to ask you, you know, 336 00:18:05,400 --> 00:18:07,919 Speaker 1: for your take on where we are right now in 337 00:18:07,920 --> 00:18:12,880 Speaker 1: an industry. Obviously it's a really chaotic and difficult, challenging time. 338 00:18:13,000 --> 00:18:16,119 Speaker 1: Every automaker is trying to figure out how best to 339 00:18:16,240 --> 00:18:21,240 Speaker 1: navigate tariffs and the economy and everything that's happening. How 340 00:18:21,280 --> 00:18:24,199 Speaker 1: are you feeling about Bugatti in this moment and what 341 00:18:24,359 --> 00:18:25,760 Speaker 1: is your strategy moving forward? 342 00:18:26,240 --> 00:18:28,760 Speaker 4: I have to say we are today in a very 343 00:18:28,760 --> 00:18:32,680 Speaker 4: comfortable situation because we are sold out till twenty twenty nine. 344 00:18:33,520 --> 00:18:37,440 Speaker 4: The two hundred and fifty two are sold out. Means 345 00:18:37,480 --> 00:18:42,080 Speaker 4: that our my best of my task is to deliver 346 00:18:42,320 --> 00:18:46,280 Speaker 4: these cars to the loyal customers which give their give 347 00:18:46,359 --> 00:18:53,080 Speaker 4: us the confidence and confidence for their engagement, and I 348 00:18:53,200 --> 00:18:56,600 Speaker 4: really see a bright future for the brand. What we 349 00:18:56,720 --> 00:19:01,119 Speaker 4: have seen is at the beginning we create with the viron, 350 00:19:01,600 --> 00:19:04,800 Speaker 4: the hypercer market was ready the first one the Verron, 351 00:19:05,240 --> 00:19:09,720 Speaker 4: and every time we are making the top of the 352 00:19:09,760 --> 00:19:15,080 Speaker 4: pyramid of the hyperc always sharper. And that's what we 353 00:19:15,160 --> 00:19:17,600 Speaker 4: also did now with the Soliday program to ready make 354 00:19:17,760 --> 00:19:20,359 Speaker 4: make it like an illow. And I think in the 355 00:19:20,400 --> 00:19:26,280 Speaker 4: future it will be always more demanding. But if we 356 00:19:26,400 --> 00:19:32,600 Speaker 4: continue on the way we are today with over reaching 357 00:19:32,680 --> 00:19:36,280 Speaker 4: the expectation of our customers, I already see a bright 358 00:19:36,320 --> 00:19:37,040 Speaker 4: future for the. 359 00:19:37,000 --> 00:19:38,560 Speaker 2: Brand coming up. 360 00:19:38,560 --> 00:19:42,240 Speaker 3: If you thought that was cool, just wait because there's more. 361 00:19:42,320 --> 00:19:46,720 Speaker 3: We hear from Christopher Pegani of the Pagani Automobile brand. Next, 362 00:19:46,760 --> 00:19:57,719 Speaker 3: this is high Pursuit from Bloomberg Radio. Kenny, you really 363 00:19:57,760 --> 00:20:01,520 Speaker 3: flex to your muscle down at the the Win Concor, 364 00:20:01,640 --> 00:20:02,920 Speaker 3: the Las Vegas Concor. 365 00:20:03,040 --> 00:20:05,160 Speaker 2: What is the official name? What do they call that, Matt? 366 00:20:05,600 --> 00:20:08,640 Speaker 1: The official name is the Concor at Win Las Vegas, 367 00:20:09,080 --> 00:20:11,480 Speaker 1: but colloquially we just call it the Las Vegas Concor. 368 00:20:11,560 --> 00:20:15,159 Speaker 3: All right, So in any case, a huge gathering of 369 00:20:15,400 --> 00:20:19,720 Speaker 3: bugattis more supercars than have ever gotten together anywhere else. 370 00:20:19,760 --> 00:20:23,560 Speaker 3: I'm guessing in the country, and that means there were 371 00:20:23,600 --> 00:20:28,320 Speaker 3: a lot of Paganis as well, and even rarer Mark Hannah, 372 00:20:28,359 --> 00:20:31,040 Speaker 3: what did Christopher Pegani tell you? 373 00:20:31,080 --> 00:20:33,240 Speaker 2: He's what, he's Horatio's son, right. 374 00:20:33,080 --> 00:20:36,280 Speaker 1: That's right, Christopher's Horatio's son. He is the head of 375 00:20:36,320 --> 00:20:40,560 Speaker 1: marketing for Pegani, but his role is really bigger than that. Obviously, 376 00:20:40,640 --> 00:20:43,840 Speaker 1: he's aired at the throne and he actually acts as 377 00:20:43,520 --> 00:20:48,320 Speaker 1: as really the translator and communicator for his father. Horatio 378 00:20:48,359 --> 00:20:52,280 Speaker 1: speaks Spanish and Italian, He's not he doesn't really conduct 379 00:20:52,320 --> 00:20:57,000 Speaker 1: interviews in English. So really Christopher is the mouth of 380 00:20:57,040 --> 00:21:00,440 Speaker 1: the company. Chris, thank you for joining us. So nice 381 00:21:00,440 --> 00:21:00,880 Speaker 1: to see you. 382 00:21:00,960 --> 00:21:01,880 Speaker 5: Thanks for having. 383 00:21:01,680 --> 00:21:04,320 Speaker 1: Me this is you were just telling me the first 384 00:21:04,359 --> 00:21:07,360 Speaker 1: time that you've been to the Concord in Vegas. Can 385 00:21:07,400 --> 00:21:09,760 Speaker 1: you tell me just a little bit about why this year, 386 00:21:09,920 --> 00:21:12,520 Speaker 1: what was so compelling for you to come, and then 387 00:21:12,560 --> 00:21:15,399 Speaker 1: tell us a little bit about the crazy amount of 388 00:21:15,440 --> 00:21:17,560 Speaker 1: cars that you have here on the field. It's kind 389 00:21:17,560 --> 00:21:18,320 Speaker 1: of mind boggling. 390 00:21:18,720 --> 00:21:22,119 Speaker 5: Yeah. I've been coming to Vegas a few times in 391 00:21:22,160 --> 00:21:26,240 Speaker 5: the past, and the I think the car culture became 392 00:21:27,520 --> 00:21:31,120 Speaker 5: bigger and bigger here and also we have some nice 393 00:21:31,160 --> 00:21:35,959 Speaker 5: customers in this area, and when we discussed internally to 394 00:21:36,000 --> 00:21:39,320 Speaker 5: come and do the event at the concourse, we we 395 00:21:39,640 --> 00:21:42,760 Speaker 5: thought it was a great match with what we do. 396 00:21:43,160 --> 00:21:47,480 Speaker 5: The timing is great for us as well, and it's 397 00:21:47,600 --> 00:21:50,960 Speaker 5: kind of a special year because we are doing for 398 00:21:51,000 --> 00:21:53,879 Speaker 5: the first time. We're showing the Waira ko Da Lunga 399 00:21:53,960 --> 00:21:54,520 Speaker 5: spezz there. 400 00:21:54,800 --> 00:21:57,320 Speaker 1: I'm glad you said it and not me to get. 401 00:21:57,560 --> 00:22:01,119 Speaker 5: That would be the first time we'll show it at 402 00:22:01,680 --> 00:22:05,360 Speaker 5: a car event. We did a small unveiling in Italy 403 00:22:05,520 --> 00:22:09,280 Speaker 5: for our customers, but it was a private event and 404 00:22:09,320 --> 00:22:11,320 Speaker 5: this is the first time we take it to a 405 00:22:11,359 --> 00:22:15,080 Speaker 5: public event, so it will be pretty crazy. I was 406 00:22:15,400 --> 00:22:18,119 Speaker 5: talking to the team here in America and they told 407 00:22:18,119 --> 00:22:23,040 Speaker 5: me there are more than forty paganis between Zonda wires 408 00:22:23,040 --> 00:22:27,600 Speaker 5: and utopias, so it will be pretty special. We get 409 00:22:27,680 --> 00:22:32,120 Speaker 5: a great attachment to the cars, so when we see 410 00:22:32,160 --> 00:22:35,879 Speaker 5: them back, it's like we remember when we produced it 411 00:22:35,960 --> 00:22:40,320 Speaker 5: and the relationship with the customer. So some of the 412 00:22:40,359 --> 00:22:42,240 Speaker 5: cars we haven't seen in a while. It will be 413 00:22:42,320 --> 00:22:43,320 Speaker 5: nice to see them again. 414 00:22:43,440 --> 00:22:46,200 Speaker 1: Now. Is it true that Pegani has made around six 415 00:22:46,320 --> 00:22:49,920 Speaker 1: hundred cars total in all of your existence since your 416 00:22:49,920 --> 00:22:53,440 Speaker 1: father founded the company in nineteen ninety one. Is that accurate? 417 00:22:53,880 --> 00:22:59,320 Speaker 5: So it's a it's a mix of Zonda wires and utopias. Yes, 418 00:22:59,480 --> 00:23:05,080 Speaker 5: it's a very small number. The first car was presented 419 00:23:05,080 --> 00:23:08,000 Speaker 5: in nineteen ninety nine. It took a while to do 420 00:23:08,040 --> 00:23:12,040 Speaker 5: the first car. So he did the final drawings of 421 00:23:12,119 --> 00:23:14,760 Speaker 5: the zone the back in nineteen ninety two and it 422 00:23:14,840 --> 00:23:19,000 Speaker 5: took him seven years to build first the first car. 423 00:23:19,600 --> 00:23:25,560 Speaker 5: So after that we did small production five ten cars 424 00:23:25,560 --> 00:23:28,639 Speaker 5: a year, and up until now we are capable of 425 00:23:28,680 --> 00:23:33,159 Speaker 5: doing roughly sixty cars a year. So the company in 426 00:23:33,200 --> 00:23:36,679 Speaker 5: the last twenty five plus years has been able to 427 00:23:37,640 --> 00:23:40,040 Speaker 5: increase a little bit production worldwide. 428 00:23:40,600 --> 00:23:42,480 Speaker 1: I want to get to the news about the Speedster, 429 00:23:42,840 --> 00:23:45,440 Speaker 1: the car that you're going to show us this weekend. 430 00:23:46,200 --> 00:23:48,760 Speaker 1: Can you tell us just a little bit about why 431 00:23:48,800 --> 00:23:53,720 Speaker 1: it was so critical to build it now on a 432 00:23:53,800 --> 00:23:58,040 Speaker 1: market where we're seeing in a way so many supercars 433 00:23:58,440 --> 00:24:02,600 Speaker 1: in general, what makes the Speitzterer really special, especially to 434 00:24:02,720 --> 00:24:04,440 Speaker 1: your consumers and owners. 435 00:24:05,160 --> 00:24:10,920 Speaker 5: So speedz the let's say the Coda Lunga project has 436 00:24:11,040 --> 00:24:13,480 Speaker 5: let's say two cars, so you have the Code Lunga 437 00:24:13,560 --> 00:24:16,760 Speaker 5: coup and then the Speedzer we just came out a 438 00:24:16,840 --> 00:24:21,639 Speaker 5: few months ago. The Coda Lunga was celebrating Corda lunga 439 00:24:21,720 --> 00:24:25,040 Speaker 5: means long tail in Italian and the Coda Lunga is 440 00:24:25,080 --> 00:24:28,560 Speaker 5: celebrating the essence of cars in the sixties and seventies 441 00:24:29,040 --> 00:24:31,639 Speaker 5: where they had to have like a longer shape to 442 00:24:31,680 --> 00:24:35,520 Speaker 5: be aerodynamics. Now you don't need that anymore. But because 443 00:24:35,520 --> 00:24:39,959 Speaker 5: they are aerodynamical studies did the big steps into the 444 00:24:40,200 --> 00:24:43,880 Speaker 5: how the air flows into the car. But the speeds 445 00:24:43,960 --> 00:24:50,359 Speaker 5: there was more of an inspiration that came from Porsche. Oh, 446 00:24:51,040 --> 00:24:54,760 Speaker 5: my father is a big he loves Mercedes bands, of course, 447 00:24:56,080 --> 00:24:59,959 Speaker 5: but the team Porsche for him is a big long 448 00:25:00,080 --> 00:25:04,800 Speaker 5: of his childhood. And he has an apartment in Milan 449 00:25:04,880 --> 00:25:08,800 Speaker 5: where he goes every week and there is always a 450 00:25:08,800 --> 00:25:12,440 Speaker 5: car meet that is just around around the corner from 451 00:25:12,480 --> 00:25:16,840 Speaker 5: his house every Sunday, and he sees from his balcony 452 00:25:16,880 --> 00:25:19,680 Speaker 5: he sees the cars leaving from the from the car 453 00:25:19,760 --> 00:25:25,080 Speaker 5: show and he saw this Porsche three fifty six Spitzter 454 00:25:25,640 --> 00:25:29,440 Speaker 5: and he sees the design, the shape of how how 455 00:25:29,480 --> 00:25:33,520 Speaker 5: the car looks like and he said, I need to 456 00:25:33,560 --> 00:25:37,800 Speaker 5: do something on a coda lunga that has an inspiration 457 00:25:37,960 --> 00:25:41,240 Speaker 5: to that car, and it took a few months to 458 00:25:41,440 --> 00:25:44,159 Speaker 5: and then he just got back home, spoke to the 459 00:25:44,200 --> 00:25:47,560 Speaker 5: designers about the idea and then they worked hard. They 460 00:25:47,640 --> 00:25:51,680 Speaker 5: created this and this is how the car came out. 461 00:25:51,960 --> 00:25:55,600 Speaker 1: Wow, and what has the response been from your customers? 462 00:25:56,119 --> 00:25:59,040 Speaker 2: There's a wait list, say no more. 463 00:25:59,520 --> 00:26:04,800 Speaker 5: Luckily, every time there's a project, we call it Grandi complication, 464 00:26:05,160 --> 00:26:10,440 Speaker 5: which is grand complication comes from the watch industry. So 465 00:26:10,480 --> 00:26:16,879 Speaker 5: it's a one off cars, few off cars, limited edition cars. 466 00:26:17,359 --> 00:26:20,480 Speaker 5: There's a lot of interest. Not every Paganic customer can 467 00:26:20,520 --> 00:26:25,600 Speaker 5: approach those cars, but so far the reception has been 468 00:26:25,640 --> 00:26:28,919 Speaker 5: pretty good. They only saw photos the only that's the 469 00:26:28,960 --> 00:26:30,600 Speaker 5: first time they will see the car. 470 00:26:31,160 --> 00:26:36,520 Speaker 1: So let's talk under the hood. I'm V twelve combustion engine. Yes, 471 00:26:37,320 --> 00:26:40,800 Speaker 1: talk to me about the conversations that you have internally 472 00:26:41,119 --> 00:26:46,880 Speaker 1: about continuing combustion engines when so many people are experimenting 473 00:26:46,920 --> 00:26:49,320 Speaker 1: with hybrid or electric technology. 474 00:26:50,000 --> 00:26:54,080 Speaker 5: So when we had to think of a new car 475 00:26:55,280 --> 00:26:58,160 Speaker 5: from the WIRA, so it was the right time as 476 00:26:58,160 --> 00:27:00,480 Speaker 5: a life cycle to think about the new car that 477 00:27:00,640 --> 00:27:06,920 Speaker 5: was the Utopia. We have a great dialogue with our customers. 478 00:27:07,119 --> 00:27:10,240 Speaker 5: We talked to them and we try to engage with 479 00:27:10,280 --> 00:27:11,760 Speaker 5: them and understand what they like. 480 00:27:12,840 --> 00:27:15,080 Speaker 1: They feel, they can give you honest feedback. 481 00:27:15,160 --> 00:27:18,600 Speaker 5: Yeah, and there's full transparency. There's there's a lot of 482 00:27:18,600 --> 00:27:22,639 Speaker 5: back and forth. Probably because we're a small company. We 483 00:27:22,640 --> 00:27:25,880 Speaker 5: can still have this human interface which is very important. 484 00:27:26,600 --> 00:27:31,119 Speaker 5: And and so they they they gave us a lot 485 00:27:31,160 --> 00:27:34,080 Speaker 5: of feedbacks on what they really wanted on the future 486 00:27:34,119 --> 00:27:38,920 Speaker 5: cars and that the answers were V twelve. You gotta 487 00:27:38,920 --> 00:27:41,800 Speaker 5: stick with the V twelve and not not do V 488 00:27:42,000 --> 00:27:46,679 Speaker 5: eight or others. Lightweight, so it has to still be 489 00:27:46,760 --> 00:27:51,800 Speaker 5: a lightweight car. We want the manual transmission back, so 490 00:27:51,880 --> 00:27:55,359 Speaker 5: that was a big challenge, which on the longa speech 491 00:27:55,400 --> 00:28:02,479 Speaker 5: there you find it also and no hybrids why because 492 00:28:02,520 --> 00:28:04,600 Speaker 5: of pure analog driving. 493 00:28:05,119 --> 00:28:07,040 Speaker 1: This is what you were hearing driver. 494 00:28:07,359 --> 00:28:13,639 Speaker 5: In the center. So less complications in terms of a 495 00:28:13,680 --> 00:28:18,240 Speaker 5: powertrain that has a hybrid solution is always more complicated 496 00:28:18,320 --> 00:28:24,119 Speaker 5: than a full electric or a full both you have 497 00:28:24,240 --> 00:28:29,720 Speaker 5: both have to engage with each other. And the Autopia 498 00:28:29,880 --> 00:28:36,199 Speaker 5: was actually born to be produced in two ways, so 499 00:28:36,280 --> 00:28:39,080 Speaker 5: the full V twelve no hybrid and a full electric 500 00:28:39,120 --> 00:28:47,200 Speaker 5: car platform. And after six seven years of development, we 501 00:28:47,280 --> 00:28:49,760 Speaker 5: have a team that works on the V cars and 502 00:28:50,320 --> 00:28:53,680 Speaker 5: my dad is a big enthusiast. Also on on on 503 00:28:54,840 --> 00:29:00,320 Speaker 5: let's say new projects and a V car is is exciting. Yes, 504 00:29:00,800 --> 00:29:04,120 Speaker 5: it's a thing you got to study, you have to 505 00:29:04,160 --> 00:29:06,840 Speaker 5: talk to the suppliers and you have to you have 506 00:29:06,920 --> 00:29:10,640 Speaker 5: to really think in a different way. And challenges for 507 00:29:10,760 --> 00:29:13,640 Speaker 5: him are accepted. There's always a when you when you 508 00:29:13,680 --> 00:29:17,640 Speaker 5: can make a step forward. It is always fun. We 509 00:29:17,640 --> 00:29:23,920 Speaker 5: were ready to find out the solution on the engineering 510 00:29:23,960 --> 00:29:27,280 Speaker 5: part of the EV car. We did a roundtable with 511 00:29:27,400 --> 00:29:31,320 Speaker 5: the other dealers worldwide, and none of the customers wanted 512 00:29:31,320 --> 00:29:34,920 Speaker 5: any V car, so they said, let's stick with the 513 00:29:35,000 --> 00:29:35,520 Speaker 5: V twelve. 514 00:29:36,480 --> 00:29:40,600 Speaker 1: You mentioned that a manual transmission is more difficult. Yeah, 515 00:29:40,880 --> 00:29:43,640 Speaker 1: can you tell me what you mean by that? What 516 00:29:43,680 --> 00:29:45,520 Speaker 1: do you mean by do you mean engineering wise or 517 00:29:45,560 --> 00:29:47,960 Speaker 1: do you mean more difficult to make money on. 518 00:29:48,040 --> 00:29:53,920 Speaker 5: It's engineer's Let's say, creating an analog car in twenty 519 00:29:54,000 --> 00:29:57,800 Speaker 5: twenty five is much more difficult than making it fifteen 520 00:29:57,880 --> 00:30:01,400 Speaker 5: years ago, because fifteen years ago you have all the 521 00:30:01,400 --> 00:30:07,800 Speaker 5: supply chain to still make gearbox, clutch things that can 522 00:30:07,840 --> 00:30:11,680 Speaker 5: be fitted to your car. So or the development of 523 00:30:11,840 --> 00:30:15,320 Speaker 5: the gearbox itself, the synchronizers with the car that has 524 00:30:15,760 --> 00:30:22,200 Speaker 5: more than a thousand rp neutral meters of torque. It's 525 00:30:22,800 --> 00:30:26,600 Speaker 5: it's a challenge because the drive ability of it needs 526 00:30:26,680 --> 00:30:31,360 Speaker 5: to be enjoyable on a you know, on a slow. 527 00:30:31,160 --> 00:30:33,960 Speaker 1: Pace for someone who is not a professional. 528 00:30:33,560 --> 00:30:36,320 Speaker 5: No, but in general our cars they need to be 529 00:30:36,480 --> 00:30:40,640 Speaker 5: enjoyed at slow speed and also at fast driving fast. 530 00:30:40,880 --> 00:30:45,440 Speaker 5: And the amount of kilometers that you have to put 531 00:30:46,760 --> 00:30:49,680 Speaker 5: all your prototypes on on a solution like that, it's 532 00:30:49,720 --> 00:30:54,000 Speaker 5: again is a big challenge, but we accept it because 533 00:30:54,000 --> 00:30:57,520 Speaker 5: we believe customers are paid back by the decision. 534 00:30:58,720 --> 00:31:01,800 Speaker 1: Now, I really have to say I missed having you 535 00:31:02,680 --> 00:31:04,920 Speaker 1: sitting across from me on the desk at this show. 536 00:31:04,960 --> 00:31:08,320 Speaker 1: It was a very interesting show. It's you know, it's 537 00:31:08,440 --> 00:31:12,680 Speaker 1: not on the premier level of Pebble Beach or Amelia 538 00:31:12,720 --> 00:31:15,240 Speaker 1: Island yet, But I have to say this Las Vegas 539 00:31:15,320 --> 00:31:18,680 Speaker 1: concour is I predict going to only get bigger. 540 00:31:18,840 --> 00:31:22,280 Speaker 3: Well, I'm hopefully one day I'll be able to go 541 00:31:22,400 --> 00:31:24,640 Speaker 3: and we'll get you West. I'm a little bit jealous 542 00:31:24,720 --> 00:31:28,880 Speaker 3: because Pegani's are some of my favorite vehicles. I've actually 543 00:31:28,920 --> 00:31:31,960 Speaker 3: been to the factory on numerous occasions. 544 00:31:32,320 --> 00:31:34,040 Speaker 2: Cool. What was it like? 545 00:31:35,240 --> 00:31:39,640 Speaker 3: It's it's it's like one big room in which they're 546 00:31:39,640 --> 00:31:42,560 Speaker 3: building you know, only two or three vehicles at a time, 547 00:31:43,080 --> 00:31:45,240 Speaker 3: but you get to see sort of every aspect of 548 00:31:45,280 --> 00:31:47,120 Speaker 3: what they do, and you get a tour with the 549 00:31:47,160 --> 00:31:51,760 Speaker 3: whole history of Horatio, you know, starting or becoming chief 550 00:31:51,760 --> 00:31:55,400 Speaker 3: engineer at Lamborghini and then he was the only guy 551 00:31:55,440 --> 00:31:58,000 Speaker 3: who thought they should get an autoclave for carbon fiber 552 00:31:58,120 --> 00:31:59,840 Speaker 3: so and Lamba was like, now we don't need to 553 00:31:59,840 --> 00:32:01,920 Speaker 3: in that, and so he bought it himself and then 554 00:32:01,960 --> 00:32:03,600 Speaker 3: did all of their work and he still does a 555 00:32:03,640 --> 00:32:04,200 Speaker 3: ton of their work. 556 00:32:04,280 --> 00:32:06,440 Speaker 2: So it's just a really cool place. 557 00:32:06,480 --> 00:32:13,680 Speaker 3: And I love the you know, the precision CNC, custom 558 00:32:13,720 --> 00:32:17,640 Speaker 3: made cuts of each individual piece, and obviously I'm a 559 00:32:17,640 --> 00:32:21,480 Speaker 3: big fan of the twelve cylinder motor. And it's just artistry. 560 00:32:21,640 --> 00:32:24,760 Speaker 3: It's just honestly, it's craftsmanship. 561 00:32:24,440 --> 00:32:28,360 Speaker 1: It really is, and it's so apparent. And you know, 562 00:32:28,440 --> 00:32:32,920 Speaker 1: these cars are polarizing. Some people don't like them. They 563 00:32:32,920 --> 00:32:37,400 Speaker 1: think they're too flashy, they're too whatever. But the people 564 00:32:37,440 --> 00:32:40,280 Speaker 1: who do love them really see them as a celebration 565 00:32:40,480 --> 00:32:44,160 Speaker 1: of this exact craftsmanship that you're describing, the celebration of 566 00:32:44,560 --> 00:32:53,760 Speaker 1: these in a way very rare human driven practices and 567 00:32:53,920 --> 00:32:56,040 Speaker 1: I just think that's so cool. These are not cookie 568 00:32:56,080 --> 00:33:00,840 Speaker 1: cutter cars. These are truly handbuilt works of art. 569 00:33:01,320 --> 00:33:03,040 Speaker 2: All right, Well, that does it for this week's show. 570 00:33:03,040 --> 00:33:06,719 Speaker 3: Remember to follow and subscribe to Hot Pursuit on Apple, Spotify, 571 00:33:07,360 --> 00:33:09,880 Speaker 3: and anywhere else you listen. You can also send us 572 00:33:09,960 --> 00:33:13,840 Speaker 3: your comments email us at hot Pursuit at bloomberg dot net, and. 573 00:33:13,840 --> 00:33:16,720 Speaker 1: You can check out my columns and stories on Bloomberg 574 00:33:16,760 --> 00:33:19,880 Speaker 1: dot com and the Bloomberg Business App. You can go 575 00:33:19,960 --> 00:33:22,840 Speaker 1: there for car reviews, events and stories that you won't 576 00:33:22,880 --> 00:33:26,960 Speaker 1: find anywhere else. Find it all on Bloomberg dot com, 577 00:33:27,000 --> 00:33:30,960 Speaker 1: slash Pursuits, slash Autos. I'm Hannah Elliott. 578 00:33:30,600 --> 00:33:31,400 Speaker 2: And I'm Matt Miller. 579 00:33:31,440 --> 00:33:34,240 Speaker 3: We'll be back with a fresh podcast in your feed 580 00:33:34,840 --> 00:33:35,520 Speaker 3: next Friday.