WEBVTT - Jamie Kitman

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<v Speaker 1>Welcome, Welcome, Welcome back to the Bob Left Sets podcast.

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<v Speaker 1>My guest today is music manager Jamie Kittman. He's responsible

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<v Speaker 1>for They Might Be Giants. He also looks after Mike Doughty,

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<v Speaker 1>and his previous history was involved with Okay Going the

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<v Speaker 1>violin Thems. But even more interestingly, he is the New

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<v Speaker 1>York bureau chief for Audimobile Magazine. Jamie, Hello, Bob Okay,

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<v Speaker 1>So what are you doing in l A Um actually

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<v Speaker 1>out here for the launch of the land Rover Defender.

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<v Speaker 1>Little light music business on the side, but there's a

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<v Speaker 1>new land Rover Defender for the first time in seventy years. Uh,

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<v Speaker 1>the original coming out, and uh that's kind of a

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<v Speaker 1>big deal. So I'm actually here covering it for Airmail,

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<v Speaker 1>which is the new Graden Carter Alesander Stanley UM publication. Okay,

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<v Speaker 1>how did you get that gig writing for them? Uh?

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<v Speaker 1>They called me up and asked me if I wanted

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<v Speaker 1>to do it, and I was like sure, Um, you know, um,

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<v Speaker 1>I would like to say I'm in three dying industries, uh, cars, music,

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<v Speaker 1>and magazine. So uh, when somebody calls generally in the

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<v Speaker 1>certainly in the writing realm, I'll hear them out and uh,

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<v Speaker 1>it's uh, it's a pretty exciting publication and so it

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<v Speaker 1>was kind of an honor to do it. Okay, Now,

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<v Speaker 1>I certainly got their first edition free over the summer.

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<v Speaker 1>Do you have any idea what's going on with the airmail? Airmail,

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<v Speaker 1>how many people are reading it, etcetera. Um. I was

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<v Speaker 1>talking to my editor the other day. He said that

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<v Speaker 1>they thought it was successful so far and that they

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<v Speaker 1>were still having fun. And I said, well, it's only

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<v Speaker 1>been out for a couple of months. I hope you're

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<v Speaker 1>still having fun. But he uh he he indicated was good,

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<v Speaker 1>But I don't really Uh, you know, it's hard to

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<v Speaker 1>track that the metrics on something like that, and I'm

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<v Speaker 1>not sure I would understand them anyway. Okay, starting with

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<v Speaker 1>the automobile thing, You're not only in Automobile Magazine every

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<v Speaker 1>issue with a column, You're occasionally in the New York

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<v Speaker 1>Times on the opinion page. What generates the most heat

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<v Speaker 1>for you? Well, I mean it depends what you mean

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<v Speaker 1>by heat. Um. When I wrote I think my first

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<v Speaker 1>automotive up ed piece was for the Times was um,

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<v Speaker 1>basically their first ever anti suv uh ed piece. Uh

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<v Speaker 1>in n So that was gosh, that's twenty four years ago,

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<v Speaker 1>but um, twenty five years ago. Uh that that generated

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<v Speaker 1>a lot of heat in the sense that suddenly I

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<v Speaker 1>stopped being invited to car launches by manufacturers because uh

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<v Speaker 1>that was in fact, they're great profidence and it just

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<v Speaker 1>irritated them. I can tell you a story that combined

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<v Speaker 1>both of cars and music around that. Uh that was

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<v Speaker 1>time to the uh New York Auto Show that year

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<v Speaker 1>and land Rover Um, who are actually my hosts on

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<v Speaker 1>this trip, We're launching their first ever Discovery model then

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<v Speaker 1>and it was so important to them that they had

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<v Speaker 1>hired Staying uh for it as he uh to come

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<v Speaker 1>to New York and he was gonna um receive a

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<v Speaker 1>donation for his Brazilian rainforest charity. Uh while introducing the

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<v Speaker 1>Discovery to the assembled media who were in town for

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<v Speaker 1>the New York Auto Show, but also not just the

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<v Speaker 1>automotive media, but the music press, which was a thing

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<v Speaker 1>back then and had all these people. They were going

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<v Speaker 1>to go to an art directed mound of dirt on

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<v Speaker 1>at the end of forty Street by the Hudson River,

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<v Speaker 1>and a Discovery was going to drive over it. Then

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<v Speaker 1>Staying would get the oversized check and the photo op

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<v Speaker 1>and all that stuff. Apparently I found this out a

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<v Speaker 1>year later from a uh sometimes uh freelance publicist for

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<v Speaker 1>land Rover. She was like, Jimmie Kentman, you made for

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<v Speaker 1>the most miserable day of my life. Apparently Sting woke

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<v Speaker 1>up that morning and read this piece in the Time

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<v Speaker 1>suggesting that actually SUVs weren't environmentally sound and that they

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<v Speaker 1>really hadn't you know, no benefit to most people and

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<v Speaker 1>were unnecessary and just eight more gas were more deadly

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<v Speaker 1>in accidents, and he woke up and he refused to

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<v Speaker 1>show up. So uh, the end of the story is

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<v Speaker 1>is that they ended up having to give his rainforest

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<v Speaker 1>charity eighty thous dollars instead of forty. So I feel

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<v Speaker 1>like I did my bit for the environment right there. Yeah,

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<v Speaker 1>I mean obviously, although we still need more money for

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<v Speaker 1>the rainforest right now. But this was that was when Jaguars,

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<v Speaker 1>Jaguarren land Rover are still together but owned by the Chinese.

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<v Speaker 1>Now right, that's no, they're owned by the Indians. Now

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<v Speaker 1>they're owned by Tata Motors. Can't keep straight who's owned

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<v Speaker 1>by the Chinese and so who's owned by Indians and

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<v Speaker 1>who's owned by Chinese. The well Jaguar land Rovers owned

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<v Speaker 1>by the Indians UH. Also the new UM electric sports

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<v Speaker 1>car company Pininfarina's owned by a different set of Indians, UH,

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<v Speaker 1>and UH the Chinese owned Volvo UH and their new

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<v Speaker 1>pole Star all electric brand which is just launching its

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<v Speaker 1>first car, the poll Star one which I drove the

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<v Speaker 1>other week, which is awesome. And UH. They also UM

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<v Speaker 1>own Lotus, the English sports car company UM, among others.

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<v Speaker 1>And the actually the people who make London taxis now

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<v Speaker 1>are owned by this same Chinese company, which is called Jelie.

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<v Speaker 1>And the thing about both of the Indians and the

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<v Speaker 1>Chinese UH the make for interesting case studies as opposed

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<v Speaker 1>to when American companies were buying of car companies, like

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<v Speaker 1>when Ford bought Volvo and Jaguar and Aston, Martin, UH

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<v Speaker 1>and GM, saab UM, is that the Chinese really seemed

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<v Speaker 1>to stand back and let the engineers who made those

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<v Speaker 1>companies worth buying in the first place do their job

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<v Speaker 1>and you know, the executives and the product planners and

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<v Speaker 1>things like that, whereas the Americans tend to have stuck

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<v Speaker 1>their fingers deeper into those companies in an effort to

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<v Speaker 1>realize additional savings and things like that, with sometimes uh,

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<v Speaker 1>negative results for the company that they bought. The the

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<v Speaker 1>the most egregious example being SAAB, which was bought by

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<v Speaker 1>General Motors, and you know what they did. They surgically

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<v Speaker 1>removed its brain. And you know, they sold a Chevy

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<v Speaker 1>Trailblazer as a sub and it was, you know, an

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<v Speaker 1>affront to everything that SAB ever stood for Now at

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<v Speaker 1>the same time, I know you happen to have that

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<v Speaker 1>SABERU the well that was you know, at least that

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<v Speaker 1>was closer to what a SAB had sub you know,

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<v Speaker 1>not been going bankrupt, what they would have been making,

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<v Speaker 1>whereas the the Chevy Trailblazer SAB was just an abbommination. Okay,

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<v Speaker 1>I says, I don't need to vend defend my car.

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<v Speaker 1>You know. Interestingly, I just taken to the sub rue

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<v Speaker 1>place to be serviced. Well there there is no place exactly.

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<v Speaker 1>But uh, I have a friend who owned two sobs

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<v Speaker 1>and ran into that trouble, said he's never gonna buy Okay,

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<v Speaker 1>I talked to him about buying a Tesla threason already

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<v Speaker 1>bought two cars from a company that went out of business.

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<v Speaker 1>I'm anxious, but we'll get to Tesla. Eventually they're great

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<v Speaker 1>values car cars from companies that are either out of

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<v Speaker 1>or going out of business. I mostly specialized in those.

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<v Speaker 1>What I bought new cars, great deals. Okay, what have

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<v Speaker 1>you bought recently to you? Uh? Well, I actually I

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<v Speaker 1>bought a Fiat was the first car I ever bought

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<v Speaker 1>new car right after they had an announced going out

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<v Speaker 1>of business. Eight now, I said, eighty two, I bought

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<v Speaker 1>a Prussia and ninety two right when they went out

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<v Speaker 1>of business. Half rice um. I wrote a column in

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<v Speaker 1>ninety four or ninety late ninety three I had just

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<v Speaker 1>bought it Alfa Romeo, and I said, well, based on

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<v Speaker 1>my drag record, they're probably going to go out of business,

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<v Speaker 1>And six months later they did. Uh so yeah, I

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<v Speaker 1>mean okay, but interestingly you but you know, fix it again, Tony.

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<v Speaker 1>My sister had a Fiat, great car, but certainly you know,

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<v Speaker 1>the body ended up getting cancer. When you get one

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<v Speaker 1>of those cars discontinued, especially Pougeau that weren't that many

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<v Speaker 1>of them. How hard is it to get them serviced? Uh?

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<v Speaker 1>It's harder than than some other cars, but not impossible

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<v Speaker 1>if you're resourceful and having always been an old car

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<v Speaker 1>fan Um. Finding obscure parts difficult, you know, to find things.

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<v Speaker 1>You know, it's just been always part of my existence.

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<v Speaker 1>There's actually old cars that it's easier to get parts

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<v Speaker 1>for now than it was twenty or thirty years ago

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<v Speaker 1>because because they people started to reproduce uh parts that

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<v Speaker 1>had gone out of production. There was there was enough

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<v Speaker 1>of a business case for people old mgs for instance,

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<v Speaker 1>you know, for people to make almost every part that

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<v Speaker 1>was on one of those cars, so it became easier. Also,

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<v Speaker 1>the Chinese will make almost any part um if there's

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<v Speaker 1>a market for it, um and they can do it cheaply.

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<v Speaker 1>Uh Sadly they're often of inferior quality, but you know

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<v Speaker 1>they might get you back on the road, right, Okay,

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<v Speaker 1>So you're here for the land Rover Defender. Okay, I

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<v Speaker 1>remember land Rover in the seventies, front of mine had

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<v Speaker 1>it went all of fifty five, but it would climb anything. Okay.

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<v Speaker 1>Then about twenty five years ago, a little bit longer,

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<v Speaker 1>they came out with the range Roll. Now in l

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<v Speaker 1>A that's a status car and it never goes off

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<v Speaker 1>you know, off trail so to speak. What's your viewpoint

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<v Speaker 1>on all that? Well, I mean that's actually uh Rover

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<v Speaker 1>really pioneered that market. The range Rover actually came out

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<v Speaker 1>in nineteen sixty eight, uh in in sixty nine and

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<v Speaker 1>in the UK and Europe, just didn't get sold in America.

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<v Speaker 1>It was a luxury car then it was it was

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<v Speaker 1>it was more spartan than it is today, but it

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<v Speaker 1>was considered a luxury suv and um UM I had

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<v Speaker 1>an unusual window on that because I was born in Brooklyn,

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<v Speaker 1>but I grew up in Leonia, New Jersey, which was

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<v Speaker 1>the headquarters for British Leyland, which was the company that

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<v Speaker 1>owned Rover by that point, and so I saw prototypes

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<v Speaker 1>of those when I was a kid riding my bicycle

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<v Speaker 1>around in their parking lot that they had were testing

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<v Speaker 1>in America doing hot weather testing for um, which in

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<v Speaker 1>the New Jersey summer is is really believable because it

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<v Speaker 1>was hot. But my view of them in general is that, uh,

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<v Speaker 1>you know, uh, I've always liked range Rovers, but uh

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<v Speaker 1>I like them better when not so many people were

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<v Speaker 1>driving them, because there there's a certain person who really

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<v Speaker 1>can make good use of that and I think, you know,

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<v Speaker 1>reasonable efficient use of it, and then there are people

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<v Speaker 1>who are just mostly wasting gas and taking up too

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<v Speaker 1>much space. So so I'm sort of ambivalent about that.

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<v Speaker 1>The Defender, I mean, it really leads the more you

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<v Speaker 1>think about it, it leads you to to the whole

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<v Speaker 1>authenticity question, which is, you know what so much marketing

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<v Speaker 1>of everything from you know, cars and high fi systems

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<v Speaker 1>and bicycles and and music is about um because the

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<v Speaker 1>Defender was around for so long that it kind of

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<v Speaker 1>got a free path from everybody, myself included, because it

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<v Speaker 1>it just it was what it was. It was no

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<v Speaker 1>nonsense work vehicle, and they didn't really the funds with it,

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<v Speaker 1>and they weren't catering to you know, the latest uh

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<v Speaker 1>you know mobile phone app. In fact, it had no telematics,

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<v Speaker 1>no capability to deal with your phone whatsoever. Uh. And

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<v Speaker 1>that was that was um, you know, gave it an

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<v Speaker 1>incredible authenticity, which makes the launch and the new Defenders

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<v Speaker 1>so um interesting. You know, I haven't actually seen it

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<v Speaker 1>in the medal. I will tonight, but um, you know,

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<v Speaker 1>are they able to sustain that? Are they able to

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<v Speaker 1>you know, to recreate that with this new car that

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<v Speaker 1>is modern? You couldn't you couldn't build a car that

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<v Speaker 1>that was that primitive anymore. It wasn't safe enough. Um,

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<v Speaker 1>it didn't have the you know, facility to do things

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<v Speaker 1>that everybody expects of their car. Now. The downside of

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<v Speaker 1>the new things, which are going to be way more

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<v Speaker 1>electronics and exotic medals and things like that, is that

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<v Speaker 1>they're harder for people in the bush too to fix.

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<v Speaker 1>Which was always one of the things that people liked

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<v Speaker 1>about land robbers is that you know, you could be

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<v Speaker 1>in the in the in the deepest jungle in Africa

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<v Speaker 1>and with the you know, with this Swiss army knife,

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<v Speaker 1>you could get a lot of stuff fixed and repaired.

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<v Speaker 1>But you know, it ain't gonna be that way anymore.

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<v Speaker 1>And it's just okay, how long has it been since

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<v Speaker 1>they manufactured the original Defender Just about a year I think, like, yeah,

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<v Speaker 1>just a little over a year. And they did a

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<v Speaker 1>run out edition that was very expensive in the UK

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<v Speaker 1>that speculators all bought and uh many automotive journalists and

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<v Speaker 1>my acquaintance also bought. And how expensive expensive Well it was, Yeah,

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<v Speaker 1>it was getting up in the fifty thousands of dollars,

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<v Speaker 1>I would say, which you know, for for what's essentially

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<v Speaker 1>like yeah, stripped down vehicles was enough The new ones,

0:13:51.200 --> 0:13:54.320
<v Speaker 1>they will be more expensive, so that will be uh

0:13:54.360 --> 0:13:57.680
<v Speaker 1>you know, it will keep them exclusive for some time.

0:13:57.760 --> 0:14:00.199
<v Speaker 1>I think we have bought the defender of the VIA

0:14:00.240 --> 0:14:03.839
<v Speaker 1>generation in America, only there was a brief period they

0:14:03.840 --> 0:14:08.520
<v Speaker 1>stopped selling what was its predecessor in nineteen four in

0:14:08.559 --> 0:14:15.680
<v Speaker 1>America and in ninety three through you could buy it legally.

0:14:16.040 --> 0:14:20.360
<v Speaker 1>There's a massive trade in cars that are imported from overseas,

0:14:20.440 --> 0:14:23.080
<v Speaker 1>though many of them illegal, and there was in fact

0:14:23.280 --> 0:14:27.920
<v Speaker 1>a very um well publicized effort on the part of

0:14:27.960 --> 0:14:33.560
<v Speaker 1>the government too sees cars that had been fraudulently imported.

0:14:33.720 --> 0:14:37.240
<v Speaker 1>There's a twenty five year exemption on old cars that

0:14:37.400 --> 0:14:39.440
<v Speaker 1>if a car is twenty five years old, it doesn't

0:14:39.480 --> 0:14:42.760
<v Speaker 1>have to pass E p A standards and d O

0:14:42.840 --> 0:14:46.320
<v Speaker 1>T standards. And this is of course before the Trump administration,

0:14:46.360 --> 0:14:50.040
<v Speaker 1>where it doesn't matter if anything passes any standard because

0:14:50.360 --> 0:14:53.040
<v Speaker 1>they don't enforce any of the rules anymore. But uh

0:14:53.320 --> 0:14:55.320
<v Speaker 1>so you could bring in a twenty five year old

0:14:55.400 --> 0:14:58.560
<v Speaker 1>land Rover. What people did was, um they would get

0:14:58.560 --> 0:15:01.720
<v Speaker 1>a serial number off of twenty five year older older

0:15:01.800 --> 0:15:04.600
<v Speaker 1>land Rover, slap it on almost brand new one and

0:15:04.600 --> 0:15:08.640
<v Speaker 1>bring it in. So l a is is uh littered

0:15:08.720 --> 0:15:13.000
<v Speaker 1>with you know, two thousand and fifteen land Rover Defender

0:15:13.080 --> 0:15:17.400
<v Speaker 1>one tens with all the trimmings um that are probably

0:15:17.440 --> 0:15:21.640
<v Speaker 1>titled as a you know, as a or something like that.

0:15:21.920 --> 0:15:23.720
<v Speaker 1>You know, it's interesting you bring up a lot of things.

0:15:23.720 --> 0:15:26.360
<v Speaker 1>You talk about being in New Jersey and seeing the

0:15:26.440 --> 0:15:28.480
<v Speaker 1>models that are going to come out. I remember being

0:15:28.480 --> 0:15:31.760
<v Speaker 1>in the library and high school. We'd read those car magazines.

0:15:31.920 --> 0:15:33.760
<v Speaker 1>I never saw a f I grew up a never

0:15:33.760 --> 0:15:37.120
<v Speaker 1>saw a famous person, never saw one of those covered cars.

0:15:37.160 --> 0:15:39.920
<v Speaker 1>Have seen it occasionally in l A friend of mine

0:15:40.080 --> 0:15:44.320
<v Speaker 1>had the last Defender seventy four and when we lived

0:15:44.320 --> 0:15:46.360
<v Speaker 1>in Utah, because we were skiing and he wanted a

0:15:46.440 --> 0:15:49.280
<v Speaker 1>vehicle like that. He brought it in to the company

0:15:49.280 --> 0:15:51.120
<v Speaker 1>that service and they said, there's no such thing as

0:15:51.120 --> 0:15:53.200
<v Speaker 1>the seventy four. If you want to come out and

0:15:53.240 --> 0:15:55.840
<v Speaker 1>see mine, and I remember we were Mammoth Mountain in

0:15:55.920 --> 0:15:58.760
<v Speaker 1>May and there's nowhere to park. He literally parked it

0:15:58.920 --> 0:16:02.760
<v Speaker 1>on the side of a mound of snow, nearly vertical.

0:16:03.320 --> 0:16:05.520
<v Speaker 1>It's just amazing with those things could do. They they

0:16:05.560 --> 0:16:11.280
<v Speaker 1>were great. Okay, so let's let's back up. Holy Okay,

0:16:11.480 --> 0:16:16.520
<v Speaker 1>let's start with you brought the suv question in your mind,

0:16:17.120 --> 0:16:20.320
<v Speaker 1>the fact that most of these vehicles are now crossovers,

0:16:20.400 --> 0:16:23.720
<v Speaker 1>meaning that they have a cart bottom as opposed to

0:16:23.840 --> 0:16:27.520
<v Speaker 1>truck bottom, does that save them? In your eyes? It

0:16:27.640 --> 0:16:32.480
<v Speaker 1>improves them? And you know, in in fairness, they're significantly safer,

0:16:33.040 --> 0:16:38.560
<v Speaker 1>more economical, cleaner, better handling, less likely to roll over,

0:16:39.080 --> 0:16:43.560
<v Speaker 1>less likely to kill the driver. Um then and other

0:16:43.640 --> 0:16:47.920
<v Speaker 1>people than the SUVs of say the nineties were. Uh,

0:16:48.040 --> 0:16:51.080
<v Speaker 1>it doesn't entirely save them because they're still they're big,

0:16:51.160 --> 0:16:55.560
<v Speaker 1>they're bluff um, and they're tall with higher centers of gravity,

0:16:55.640 --> 0:16:59.960
<v Speaker 1>so they actually get you know, worse mileage than an

0:17:00.040 --> 0:17:03.600
<v Speaker 1>equivalent car would get or something that was lower. Um.

0:17:03.680 --> 0:17:06.520
<v Speaker 1>They don't necessarily have any more room than a car

0:17:06.600 --> 0:17:10.480
<v Speaker 1>would have. They're just jacked up higher. And it's uh,

0:17:10.560 --> 0:17:13.760
<v Speaker 1>so that's you know, that's what's negative about them. And

0:17:13.800 --> 0:17:15.639
<v Speaker 1>a lot of people will say, well, you know, in

0:17:15.680 --> 0:17:18.880
<v Speaker 1>the electric future, when you know there's these new electric

0:17:19.080 --> 0:17:22.280
<v Speaker 1>SUVs like the Mustang that was announced last night or

0:17:22.320 --> 0:17:26.400
<v Speaker 1>the Rivian that's coming that, you know, it won't really matter, um,

0:17:26.440 --> 0:17:29.520
<v Speaker 1>because you won't be using gasoline, but you will be

0:17:29.600 --> 0:17:32.879
<v Speaker 1>using more electricity to power this thing. That's too heavy,

0:17:33.000 --> 0:17:37.120
<v Speaker 1>too big, and very bluff um, so that it will

0:17:37.119 --> 0:17:39.640
<v Speaker 1>still be an issue even then that you know, why

0:17:39.680 --> 0:17:43.320
<v Speaker 1>should you be using more electricity than less electricity? If

0:17:43.400 --> 0:17:46.320
<v Speaker 1>we didn't care about that, why do we have laws

0:17:46.320 --> 0:17:50.880
<v Speaker 1>that make refrigerators more efficient and televisions and other appliances.

0:17:50.960 --> 0:17:55.440
<v Speaker 1>So um, so I'm concerned from that point. Also, Dynamically,

0:17:56.000 --> 0:17:59.119
<v Speaker 1>they're a real step down from cars, you know, dynamically

0:17:59.160 --> 0:18:02.000
<v Speaker 1>meaning how they handle, how you know, how fast you

0:18:02.040 --> 0:18:04.679
<v Speaker 1>can go around a corner, on from the old school,

0:18:04.720 --> 0:18:07.760
<v Speaker 1>which vout puts a value on, you know, how nicely

0:18:07.840 --> 0:18:12.560
<v Speaker 1>things go around corners. Uh. The SUV really was a

0:18:12.560 --> 0:18:16.920
<v Speaker 1>paradigm shift, and that's what Suddenly people stopped caring about it.

0:18:17.000 --> 0:18:20.040
<v Speaker 1>It was like the shift that I know that you've

0:18:20.080 --> 0:18:24.040
<v Speaker 1>written about often where you know, high fidelity sort of

0:18:24.080 --> 0:18:27.639
<v Speaker 1>became like what's that. You know, the whole generation of

0:18:27.680 --> 0:18:32.680
<v Speaker 1>people who had been you know, you know, their predecessors

0:18:32.680 --> 0:18:35.560
<v Speaker 1>had spent their entire lives in search of better and

0:18:35.600 --> 0:18:39.560
<v Speaker 1>better sound. Um, suddenly you know went out the window

0:18:39.720 --> 0:18:43.560
<v Speaker 1>in in in favor of miniaturization and you know, like

0:18:43.640 --> 0:18:47.600
<v Speaker 1>portability and and uh, you know, connectivity and things like that,

0:18:48.000 --> 0:18:51.680
<v Speaker 1>so that it became a you know, high fidelity became

0:18:51.680 --> 0:18:54.520
<v Speaker 1>a minority interest where it had been at least a

0:18:54.520 --> 0:18:58.640
<v Speaker 1>bigger minority. Uh. Same with handling and ride and things

0:18:58.680 --> 0:19:01.000
<v Speaker 1>like that. Then other an log in the in the

0:19:01.040 --> 0:19:05.200
<v Speaker 1>car world was the shift from uh, smaller wheels to

0:19:05.280 --> 0:19:09.359
<v Speaker 1>bigger wheels. Now everything's got twenty inch wheels and big

0:19:09.400 --> 0:19:14.440
<v Speaker 1>tires or twenty two inch wheels, and that runs against

0:19:14.520 --> 0:19:19.720
<v Speaker 1>you know, the hundred years of automotive history where engineers

0:19:19.760 --> 0:19:25.879
<v Speaker 1>and manufacturers learned and customers agreed that that all of

0:19:25.920 --> 0:19:31.680
<v Speaker 1>that extra weight and height made for a poor ride quality.

0:19:31.960 --> 0:19:34.880
<v Speaker 1>And so things got a lot bumpier than they had been.

0:19:34.960 --> 0:19:37.480
<v Speaker 1>And and you know, a hundred years of trying to

0:19:37.520 --> 0:19:40.359
<v Speaker 1>make cars ride smoothly went out the windows. Okay, so

0:19:40.400 --> 0:19:42.160
<v Speaker 1>if you see a car now almost all the cars

0:19:42.320 --> 0:19:46.119
<v Speaker 1>have these very low profile tires, what are the advantages

0:19:46.160 --> 0:19:51.880
<v Speaker 1>and disadvantages of those. Well, the advantages are are generally, uh,

0:19:52.480 --> 0:19:56.800
<v Speaker 1>more grip um because there's less flex in the side wall,

0:19:56.920 --> 0:20:01.520
<v Speaker 1>and you know, more confident handling, but mostly aesthetic beyond

0:20:01.600 --> 0:20:04.919
<v Speaker 1>that and uh and the same with the wheels. So

0:20:05.280 --> 0:20:08.480
<v Speaker 1>I remember being at the GM proving grounds and in

0:20:08.760 --> 0:20:14.480
<v Speaker 1>UH war in Michigan, and UH um, we were driving

0:20:14.480 --> 0:20:21.040
<v Speaker 1>around in a Cadillac Escalade, and um we One of

0:20:21.080 --> 0:20:23.320
<v Speaker 1>the things we were doing was driving a GM show

0:20:23.400 --> 0:20:26.560
<v Speaker 1>car from the nineteen thirties called the Wide Job, which

0:20:26.600 --> 0:20:30.239
<v Speaker 1>was a Buick and a really cool futuristic you know,

0:20:30.640 --> 0:20:33.439
<v Speaker 1>two seater that was you know, eight ft long, but

0:20:33.520 --> 0:20:36.639
<v Speaker 1>it had these tiny wheels, like thirteen inch wheels with

0:20:36.680 --> 0:20:40.560
<v Speaker 1>big balloon tires, and um, I asked the guy who

0:20:40.600 --> 0:20:42.679
<v Speaker 1>was driving me around. I was like, well, you know, like,

0:20:43.359 --> 0:20:46.040
<v Speaker 1>what was the idea with like thirteen inch wheels? Were

0:20:46.160 --> 0:20:49.440
<v Speaker 1>riding in an escalator on twenty twos? And he's like, oh,

0:20:49.720 --> 0:20:53.200
<v Speaker 1>ride quality absolutely, And I was like, well, why are

0:20:53.640 --> 0:20:56.800
<v Speaker 1>then just this Cadillac, which is supposed to ride smooth?

0:20:56.960 --> 0:20:59.720
<v Speaker 1>Why is it uh have twenty two inch wheels? And

0:20:59.760 --> 0:21:02.800
<v Speaker 1>he was like, well, uh, you know people want them.

0:21:02.840 --> 0:21:06.840
<v Speaker 1>They look cool. You know. That's it. That's all I got. Okay,

0:21:07.200 --> 0:21:11.240
<v Speaker 1>starting with handling the Cayenne and the Cayenne Turbo, the

0:21:11.280 --> 0:21:16.480
<v Speaker 1>poor show how does that handle compared to a sedan? Uh?

0:21:16.800 --> 0:21:20.000
<v Speaker 1>It Well, again, it's it's a lot. It's pretty heavy,

0:21:20.080 --> 0:21:21.919
<v Speaker 1>so it's on the heavier end of what a sedan.

0:21:22.080 --> 0:21:25.000
<v Speaker 1>My way on the on the you know, really probably

0:21:25.000 --> 0:21:29.119
<v Speaker 1>a little past that, but it also is taller. Now

0:21:29.320 --> 0:21:32.960
<v Speaker 1>that said, you know, they handle about as good as

0:21:33.000 --> 0:21:37.199
<v Speaker 1>something that weighs, you know, fifty pounds could handle, you know,

0:21:37.320 --> 0:21:41.440
<v Speaker 1>after it's been jacked up six or seven inches. But uh,

0:21:41.600 --> 0:21:44.679
<v Speaker 1>you know, compared to I mean the comparison that I

0:21:44.720 --> 0:21:48.439
<v Speaker 1>find more emotional for me is comparing it to like

0:21:48.440 --> 0:21:52.360
<v Speaker 1>a nine eleven or a Boxer, which handles great. Um,

0:21:52.840 --> 0:21:56.520
<v Speaker 1>and it's you know, it's a different thing. The brand

0:21:56.600 --> 0:22:01.840
<v Speaker 1>has has you know, fundamentally changed or at least large

0:22:01.880 --> 0:22:05.040
<v Speaker 1>parts of it. Some of my colleagues will tell you, well,

0:22:05.119 --> 0:22:08.120
<v Speaker 1>you know, they had to do that in order to

0:22:08.160 --> 0:22:10.439
<v Speaker 1>be able to steal offer things like the nine eleven

0:22:10.440 --> 0:22:13.800
<v Speaker 1>and box there. I don't I don't buy that, but

0:22:14.359 --> 0:22:17.240
<v Speaker 1>you know that's okay. I know this ridiculous point. But

0:22:17.680 --> 0:22:20.359
<v Speaker 1>on a percentage basis, what percentage of the handling of

0:22:20.359 --> 0:22:22.399
<v Speaker 1>a nine eleven would you get with a Cayenne? How

0:22:22.440 --> 0:22:25.600
<v Speaker 1>much are you losing? Oh? Uh you know, I mean

0:22:25.840 --> 0:22:30.040
<v Speaker 1>non scientifically, I would say, you know, you're losing uh

0:22:31.720 --> 0:22:34.320
<v Speaker 1>a lot, you know, I mean, you know, in terms

0:22:34.359 --> 0:22:36.440
<v Speaker 1>of like how fast you could go around the track, Yeah,

0:22:36.520 --> 0:22:40.080
<v Speaker 1>not as fast, and in find up slower, but the

0:22:40.280 --> 0:22:43.280
<v Speaker 1>joy of driving something that's lets close to the ground

0:22:43.359 --> 0:22:47.960
<v Speaker 1>and that's really it is not carrying any excess weight.

0:22:48.000 --> 0:22:51.080
<v Speaker 1>It is is substantial. I mean, you know, it's like people,

0:22:51.119 --> 0:22:56.200
<v Speaker 1>you know how you know, like if if somebody weighs

0:22:56.200 --> 0:22:59.080
<v Speaker 1>too much, you know, like it affects the way they

0:22:59.119 --> 0:23:02.440
<v Speaker 1>move around it. Okay, So is there any hope? Is

0:23:02.440 --> 0:23:06.359
<v Speaker 1>there any hole? Especially when the American manufacturers stopping making sedans,

0:23:06.600 --> 0:23:11.320
<v Speaker 1>is there any hope for the sedan in America? Well? Interestingly, UM,

0:23:11.480 --> 0:23:18.440
<v Speaker 1>the Japanese makers Onanda and Toyota and Nissan, UM, and uh,

0:23:18.480 --> 0:23:23.280
<v Speaker 1>the Korean makers haven't given up on that. And reading

0:23:23.359 --> 0:23:26.120
<v Speaker 1>in the trade press in the last six months, while

0:23:26.160 --> 0:23:28.239
<v Speaker 1>people are sort of scratching their heads, going like, well,

0:23:28.280 --> 0:23:32.919
<v Speaker 1>why haven't they followed the Americans down this rat hole? Um,

0:23:33.080 --> 0:23:37.360
<v Speaker 1>they say, well, our research tells us that UM millennials

0:23:37.400 --> 0:23:43.120
<v Speaker 1>actually are buying more UM small cars and sedans than

0:23:43.240 --> 0:23:48.000
<v Speaker 1>the SUVs, which is different than what older people are doing.

0:23:48.560 --> 0:23:50.560
<v Speaker 1>And you know, I mean I've been predicting this for

0:23:50.680 --> 0:23:55.320
<v Speaker 1>years and that that people would that it was a

0:23:55.359 --> 0:23:58.400
<v Speaker 1>fad that would go away SUVs. Of course it would

0:23:58.440 --> 0:24:01.080
<v Speaker 1>appear on the surface that I was wrong. And and

0:24:01.119 --> 0:24:03.639
<v Speaker 1>one of the reasons I started being invited back on

0:24:03.800 --> 0:24:06.720
<v Speaker 1>car launches was that nobody listened to my op ed

0:24:08.640 --> 0:24:13.080
<v Speaker 1>But um, um, the you know idiots. It's sort of

0:24:13.119 --> 0:24:18.520
<v Speaker 1>axiomatic in that in the automobiles that uh nobody wants

0:24:18.560 --> 0:24:21.639
<v Speaker 1>to drive with their parents drove. So you know, station

0:24:21.680 --> 0:24:24.679
<v Speaker 1>wagons went out in favor of mini vans because you know,

0:24:25.080 --> 0:24:29.760
<v Speaker 1>station wagons weren't cool. And then um, you know, and

0:24:29.800 --> 0:24:34.600
<v Speaker 1>then mini vans went out largely as SUVs rolled in

0:24:34.680 --> 0:24:38.600
<v Speaker 1>to take their place. So something you would think would

0:24:38.680 --> 0:24:42.520
<v Speaker 1>replace that. And I would suggest that station wagons again

0:24:42.640 --> 0:24:47.600
<v Speaker 1>still make more sense and minivans than most SUVs, being lighter,

0:24:47.680 --> 0:24:51.480
<v Speaker 1>more nimble and having just as much room and obviously

0:24:51.760 --> 0:24:55.760
<v Speaker 1>more economical in terms of of using uh, you know,

0:24:56.240 --> 0:25:00.280
<v Speaker 1>gasoline or in the future. You know, you need to

0:25:00.320 --> 0:25:02.720
<v Speaker 1>say one thing that an suv will give you. If

0:25:02.760 --> 0:25:06.440
<v Speaker 1>you're have a large piece of equipment, a surfboard, a

0:25:06.480 --> 0:25:10.159
<v Speaker 1>paddle board, skis whatever, it would be easier to transport

0:25:10.200 --> 0:25:13.600
<v Speaker 1>those in an suv. That's very few people. But right well,

0:25:13.640 --> 0:25:19.000
<v Speaker 1>I mean that's that is uh people's uh justification often

0:25:19.040 --> 0:25:22.159
<v Speaker 1>for why they buy too much car uh, you know,

0:25:22.240 --> 0:25:24.560
<v Speaker 1>And It's probably their justification why they buy too much

0:25:24.560 --> 0:25:27.600
<v Speaker 1>house and too much everything is that well, I might

0:25:27.800 --> 0:25:29.919
<v Speaker 1>need it. So people go like, well, you know, we

0:25:29.960 --> 0:25:32.240
<v Speaker 1>go up to the lake every summer. You know, it's like,

0:25:32.920 --> 0:25:35.440
<v Speaker 1>you know, for the extra thousands of dollars you're gonna

0:25:35.440 --> 0:25:39.080
<v Speaker 1>spending gasol and you could just rent a big truck

0:25:39.240 --> 0:25:42.280
<v Speaker 1>for your summer vacation. If that's true, you know, I

0:25:42.400 --> 0:25:47.280
<v Speaker 1>might have to tell things. In nineteen uh ninety nine

0:25:47.359 --> 0:25:50.000
<v Speaker 1>or two thousand, the New York Times magazine hired me

0:25:50.080 --> 0:25:53.040
<v Speaker 1>to write a story about what we're then the new

0:25:54.040 --> 0:25:57.920
<v Speaker 1>Lincoln and Cadillac pickup trucks, which the not very car

0:25:58.119 --> 0:26:01.560
<v Speaker 1>focused editors just thought was markably strange that there would

0:26:01.600 --> 0:26:04.280
<v Speaker 1>be these you know what were then, you know, primarily

0:26:04.800 --> 0:26:08.040
<v Speaker 1>car brands, although the Escalade and the Navigator had already

0:26:08.080 --> 0:26:10.480
<v Speaker 1>come out. How why they were doing this? So I

0:26:10.560 --> 0:26:13.919
<v Speaker 1>spent time in the vowels of GM and Ford talking

0:26:14.000 --> 0:26:17.600
<v Speaker 1>to marketing people, and their reasons were I mean, they

0:26:18.080 --> 0:26:21.920
<v Speaker 1>seemed remarkably frank that people didn't need these cars, but

0:26:22.160 --> 0:26:25.920
<v Speaker 1>that they had tapped into this like you know, kind

0:26:25.920 --> 0:26:31.200
<v Speaker 1>of like um deep psychology of of people, of of

0:26:31.359 --> 0:26:33.480
<v Speaker 1>why they would buy them and you know, there was

0:26:33.560 --> 0:26:37.080
<v Speaker 1>clearly something about writing higher up that makes some people

0:26:37.520 --> 0:26:41.560
<v Speaker 1>feel comfortable, notwithstanding the fact that, uh, you know, when

0:26:41.600 --> 0:26:44.359
<v Speaker 1>everybody's in a big stuv you can't see over them anyway,

0:26:44.400 --> 0:26:46.080
<v Speaker 1>you might as well be trying to look around them

0:26:46.160 --> 0:26:49.200
<v Speaker 1>or under them. Um and that you know, it's sort

0:26:49.240 --> 0:26:53.080
<v Speaker 1>of veghets and arms race, you know, like, well, you know,

0:26:53.200 --> 0:26:55.760
<v Speaker 1>if if everybody is going to be in a Lincoln Navigator,

0:26:55.800 --> 0:26:57.840
<v Speaker 1>I might as well be driving a Peter Built or

0:26:58.280 --> 0:27:01.960
<v Speaker 1>ken Worth you know, eighteen wheeler and be have the

0:27:02.440 --> 0:27:06.840
<v Speaker 1>the extra weight and height. But u um they should.

0:27:07.040 --> 0:27:09.920
<v Speaker 1>There was that, and they were happy to as you know,

0:27:10.560 --> 0:27:14.320
<v Speaker 1>what underpins their whole conversation is what why they're happy

0:27:14.400 --> 0:27:17.359
<v Speaker 1>to sell them is is that they persuaded people that

0:27:18.240 --> 0:27:21.360
<v Speaker 1>they should pay more for things that ride higher. It's

0:27:21.480 --> 0:27:26.080
<v Speaker 1>it's just a truism and the almost all marketing in

0:27:26.119 --> 0:27:28.199
<v Speaker 1>America that the higher it is, the more you can

0:27:28.280 --> 0:27:30.600
<v Speaker 1>charge for it, even if it's the same car. And

0:27:30.720 --> 0:27:34.359
<v Speaker 1>that's true with crossovers. So for instance, the four the

0:27:34.400 --> 0:27:38.800
<v Speaker 1>recently canceled forward Focus was the basis of a Ford Escape,

0:27:38.960 --> 0:27:42.760
<v Speaker 1>but a you know, really loaded up forward Focus might

0:27:42.840 --> 0:27:47.159
<v Speaker 1>have cost twenty four dollars twenty six thousand dollars. The

0:27:47.400 --> 0:27:50.840
<v Speaker 1>a loaded up escape is forty dollars and it has

0:27:50.880 --> 0:27:54.399
<v Speaker 1>about five dollars more content, you know, maybe a thousand

0:27:55.080 --> 0:27:57.560
<v Speaker 1>dollars more content. So you know, which do they want

0:27:57.600 --> 0:28:00.880
<v Speaker 1>to sell? That's that's and that they'll always go, well,

0:28:00.960 --> 0:28:03.080
<v Speaker 1>what can we do? That's what you know the people want.

0:28:03.119 --> 0:28:05.720
<v Speaker 1>But actually you didn't market any of the other things,

0:28:05.760 --> 0:28:09.120
<v Speaker 1>you didn't develop them, and you know you've persuaded people

0:28:09.200 --> 0:28:12.080
<v Speaker 1>that that's what they want. Now, there are people genuinely

0:28:12.119 --> 0:28:13.800
<v Speaker 1>who need that, and there are people who generally who

0:28:13.840 --> 0:28:15.720
<v Speaker 1>want it. But that's that's sort of the issue. But

0:28:15.800 --> 0:28:18.040
<v Speaker 1>in any case, going back to being in the battles

0:28:18.080 --> 0:28:24.720
<v Speaker 1>of Ford UM, they were talking about UM the sort

0:28:24.760 --> 0:28:29.160
<v Speaker 1>of psycho sexual dimension they want. Most of the buying decisions,

0:28:29.320 --> 0:28:31.600
<v Speaker 1>I mean, this is sort of counterintuitive, but most of

0:28:31.640 --> 0:28:36.200
<v Speaker 1>the buying decisions were UM made by women, a majority

0:28:36.240 --> 0:28:40.360
<v Speaker 1>of them in car purchases. And they said that women

0:28:40.400 --> 0:28:45.760
<v Speaker 1>in particular found UM minivans really de sexualizing because you know,

0:28:45.880 --> 0:28:48.440
<v Speaker 1>you saw a mom at a traffic light, you know,

0:28:49.160 --> 0:28:50.840
<v Speaker 1>you could see her kids in the back, and you

0:28:50.920 --> 0:28:53.320
<v Speaker 1>just knew that you know, she did she did not

0:28:53.440 --> 0:28:56.200
<v Speaker 1>want to party with you and um and that was

0:28:56.480 --> 0:28:59.120
<v Speaker 1>you know, upsetting to women. Um that you know, like

0:28:59.240 --> 0:29:01.480
<v Speaker 1>nobody would eve and give them a second look. Not

0:29:01.640 --> 0:29:04.240
<v Speaker 1>that they wanted to necessarily party with people, but that

0:29:04.400 --> 0:29:07.920
<v Speaker 1>that was that that was upsetting to them. So with

0:29:08.400 --> 0:29:11.120
<v Speaker 1>suv s, you were high up, people couldn't necessarily see

0:29:11.160 --> 0:29:13.520
<v Speaker 1>what was back and they they started smoking out all

0:29:13.560 --> 0:29:16.160
<v Speaker 1>the rear windows so you couldn't see the the the

0:29:16.360 --> 0:29:19.040
<v Speaker 1>rug rats in the bag bouncing up and down, and

0:29:19.440 --> 0:29:23.080
<v Speaker 1>that that made the women feel more powerful as well

0:29:23.160 --> 0:29:25.240
<v Speaker 1>as safer and things like that. So that was a

0:29:25.360 --> 0:29:28.520
<v Speaker 1>surprise to me, and it raised the related question of

0:29:28.680 --> 0:29:34.240
<v Speaker 1>why um um Ford was calling their new line of

0:29:34.320 --> 0:29:38.280
<v Speaker 1>engines then the power Stroke. And I was like, They're like,

0:29:38.440 --> 0:29:40.880
<v Speaker 1>you know, yep, And I was like, I was like,

0:29:40.960 --> 0:29:42.719
<v Speaker 1>well that sounds kind of dirty to me, and they

0:29:42.760 --> 0:29:46.800
<v Speaker 1>were like yep, you know. So uh that you know,

0:29:47.000 --> 0:29:50.240
<v Speaker 1>so that they'll you know, they'll sto pretty low to

0:29:50.760 --> 0:29:59.040
<v Speaker 1>to close the sale. So someone comes to you today,

0:29:59.640 --> 0:30:02.280
<v Speaker 1>what are you tell them to buy? Well, I kind

0:30:02.280 --> 0:30:04.680
<v Speaker 1>of asked them what they need. I mean often I'd

0:30:04.720 --> 0:30:06.720
<v Speaker 1>say eight percent of the people come to me already

0:30:06.760 --> 0:30:10.360
<v Speaker 1>have made up their mind and asking because they want

0:30:10.680 --> 0:30:16.200
<v Speaker 1>to be have affirmation. But usually, well that's the thing.

0:30:16.280 --> 0:30:19.960
<v Speaker 1>They Often they'll go, oh, you know, I'm I'm calling

0:30:20.000 --> 0:30:21.760
<v Speaker 1>to ask you what I should buy. But this has

0:30:21.840 --> 0:30:25.080
<v Speaker 1>happened a lot in in the nineties. They'd go, uh,

0:30:25.360 --> 0:30:29.840
<v Speaker 1>you know, I'm I know you're gonna think this is

0:30:29.880 --> 0:30:32.160
<v Speaker 1>a bad idea, but I just bought or I just

0:30:32.560 --> 0:30:35.080
<v Speaker 1>I really want to buy a Ford Excursion or you know,

0:30:35.560 --> 0:30:40.520
<v Speaker 1>some behemoth and uh. I was like, well, uh okay,

0:30:40.680 --> 0:30:42.800
<v Speaker 1>and they're like, uh, you know, I just it's like,

0:30:42.880 --> 0:30:44.560
<v Speaker 1>I have two kids. What am I supposed to do?

0:30:44.800 --> 0:30:47.280
<v Speaker 1>You know? And I got like, well, I remember when

0:30:47.400 --> 0:30:49.440
<v Speaker 1>I was a kid and people would have four kids

0:30:49.720 --> 0:30:51.640
<v Speaker 1>in the back of their BW beatle and you know

0:30:51.720 --> 0:30:56.040
<v Speaker 1>they managed to survive. Um, and they're just kind of

0:30:56.120 --> 0:30:59.920
<v Speaker 1>sign off quickly, like conversation over but piece of people.

0:31:00.280 --> 0:31:04.160
<v Speaker 1>You know, they pretty much uh, you know, based on

0:31:04.360 --> 0:31:08.000
<v Speaker 1>whatever you know, uh mixture of Okay, if someone comes

0:31:08.040 --> 0:31:10.400
<v Speaker 1>to you today, let's just super for the sake of discussion,

0:31:10.440 --> 0:31:12.640
<v Speaker 1>they want to buy a new car. Let's assume they're

0:31:12.680 --> 0:31:16.440
<v Speaker 1>not predetermined. What would you recommend. Well, I mean for

0:31:16.640 --> 0:31:19.520
<v Speaker 1>just an ordinary person, I think Sedayana or a wagon

0:31:19.560 --> 0:31:23.280
<v Speaker 1>would uh there. You know. The great thing about today

0:31:23.400 --> 0:31:27.000
<v Speaker 1>is almost nothing is terrible anymore. I mean the days

0:31:27.360 --> 0:31:29.280
<v Speaker 1>which aren't that far off where you could buy a

0:31:29.320 --> 0:31:31.560
<v Speaker 1>car you just go, this is appalling. I mean there

0:31:31.600 --> 0:31:34.040
<v Speaker 1>are still some Jeeps that I would say, we're appalling,

0:31:34.160 --> 0:31:37.400
<v Speaker 1>but not as bad as they were. But uh so, really,

0:31:37.480 --> 0:31:41.440
<v Speaker 1>any brand is okay. And if you um, you know,

0:31:41.560 --> 0:31:43.640
<v Speaker 1>truly depends how much money you want to spend. But

0:31:43.800 --> 0:31:47.160
<v Speaker 1>you know, uh, the Koreans are you know, shockingly good

0:31:47.240 --> 0:31:51.240
<v Speaker 1>now and even there in the luxury realm they're cheaper,

0:31:51.440 --> 0:31:55.200
<v Speaker 1>but you know, more or less as good as anything German,

0:31:55.360 --> 0:31:58.760
<v Speaker 1>and probably more reliable. I like all the German brands

0:31:58.760 --> 0:32:02.240
<v Speaker 1>swell um and uh you know, and there are good

0:32:02.480 --> 0:32:07.000
<v Speaker 1>American cars too, although you know, fewer and further between. Well.

0:32:07.080 --> 0:32:11.280
<v Speaker 1>I liked the focus, the late focus up like hot

0:32:11.400 --> 0:32:14.479
<v Speaker 1>rotted version of they did. It was that focus st

0:32:14.800 --> 0:32:17.720
<v Speaker 1>that was great. Uh. And there was even better Fiesta,

0:32:17.800 --> 0:32:22.440
<v Speaker 1>which was uh uh you know, very quick, and they

0:32:22.560 --> 0:32:25.120
<v Speaker 1>killed that as well, so you know, And and the

0:32:25.200 --> 0:32:27.480
<v Speaker 1>irony is is that they talk about, you know, trying

0:32:27.520 --> 0:32:31.040
<v Speaker 1>to stay with the young people. I mean young people,

0:32:31.400 --> 0:32:33.600
<v Speaker 1>you know, like the drifters who were out like, you know,

0:32:34.200 --> 0:32:36.480
<v Speaker 1>racing their cars at night. You know what used to

0:32:36.560 --> 0:32:40.480
<v Speaker 1>be the hot rotters of another generation. You know, they're

0:32:40.520 --> 0:32:44.720
<v Speaker 1>not in um Ford edges. You know, they're driving Civics

0:32:44.800 --> 0:32:49.720
<v Speaker 1>and Corollas and you know Nissan Sedans and things like

0:32:49.800 --> 0:32:54.240
<v Speaker 1>that that that uh, that handled, and so people sort

0:32:54.280 --> 0:32:56.920
<v Speaker 1>of forget now that uh somebody was just saying this

0:32:57.200 --> 0:32:59.880
<v Speaker 1>last night. Uh, but the people who were, you know,

0:33:00.000 --> 0:33:02.920
<v Speaker 1>of the hot rudders, it was not a majority thing.

0:33:03.040 --> 0:33:06.440
<v Speaker 1>So there's there's this uh kind of notion about in

0:33:06.520 --> 0:33:08.720
<v Speaker 1>the land these days that kids just don't care about

0:33:09.040 --> 0:33:11.840
<v Speaker 1>cars anymore. They don't care about you know, a lot

0:33:11.920 --> 0:33:14.600
<v Speaker 1>of stuff that you know, the old timers cared about.

0:33:14.760 --> 0:33:18.400
<v Speaker 1>And my experience going around is that there's actually is

0:33:18.440 --> 0:33:21.480
<v Speaker 1>still a lot of interest among young people and they're

0:33:21.520 --> 0:33:24.480
<v Speaker 1>really into it and they know stuff. You know, I

0:33:24.520 --> 0:33:27.520
<v Speaker 1>think there's a segment, but pole to say it, when

0:33:27.560 --> 0:33:30.160
<v Speaker 1>we grew up sixteen, getting your license that was like

0:33:30.280 --> 0:33:32.520
<v Speaker 1>the number one thing. And there are I know a

0:33:32.640 --> 0:33:35.320
<v Speaker 1>lot of people who have children who certainly didn't get

0:33:35.320 --> 0:33:37.360
<v Speaker 1>their license at sixteen, and some of them don't even

0:33:37.400 --> 0:33:42.640
<v Speaker 1>have it at age. My own son amusingly um my

0:33:42.720 --> 0:33:46.760
<v Speaker 1>eldest son didn't even go to get a driver's license

0:33:46.880 --> 0:33:50.880
<v Speaker 1>until like eight or ten months after he was allowed to.

0:33:51.320 --> 0:33:53.840
<v Speaker 1>My recollection is that I went three days before my

0:33:54.000 --> 0:33:57.120
<v Speaker 1>seventeenth birthday in New Jersey just in case they changed

0:33:57.200 --> 0:33:59.640
<v Speaker 1>the law, you know, and I could drive earlier. And

0:33:59.680 --> 0:34:02.720
<v Speaker 1>of I was driving before then anyway. Uh. And he he,

0:34:03.160 --> 0:34:05.520
<v Speaker 1>he used to tell me, like, you know, we'd be

0:34:05.640 --> 0:34:07.600
<v Speaker 1>driving down the road and Heed point to like some

0:34:08.040 --> 0:34:12.799
<v Speaker 1>Mitsubishi Lancer or some you know, phenomenally dull Sadan. He'd

0:34:12.840 --> 0:34:14.719
<v Speaker 1>go that that would be fine for me if I

0:34:14.800 --> 0:34:16.799
<v Speaker 1>ever had a car, But I don't. I don't want

0:34:16.840 --> 0:34:20.600
<v Speaker 1>a car. Well, long story short. He's now he finished

0:34:20.680 --> 0:34:23.319
<v Speaker 1>university and he somewhere along the way he became an

0:34:23.360 --> 0:34:27.400
<v Speaker 1>insane car not and he rebuilt an Alfa Romeo. And

0:34:27.520 --> 0:34:32.200
<v Speaker 1>now he's actually apprentice to North America's leading rebuilder of

0:34:32.440 --> 0:34:36.360
<v Speaker 1>SU carburetors, which are the British carburetors that were current

0:34:36.440 --> 0:34:40.799
<v Speaker 1>from nineteen oh four to seven, same fundamental design and UH,

0:34:41.480 --> 0:34:44.719
<v Speaker 1>which were on every Jaguar and MG and Triumph that

0:34:44.880 --> 0:34:47.520
<v Speaker 1>there ever was pretty much and UH in those days,

0:34:47.600 --> 0:34:52.239
<v Speaker 1>and so UH through him. But elsewhere I I do

0:34:52.440 --> 0:34:54.520
<v Speaker 1>meet young people who are into it, and well, certainly,

0:34:54.600 --> 0:34:56.520
<v Speaker 1>we live in a country of three hundred plus million.

0:34:56.719 --> 0:35:02.880
<v Speaker 1>Let's go specifically brand by brand, sure, Audie, Okay, forget

0:35:02.960 --> 0:35:07.440
<v Speaker 1>in terms of handling other than they're one that's essentially Lamborghini. Uh,

0:35:07.840 --> 0:35:09.920
<v Speaker 1>the R S four, I believe it is. How good

0:35:10.000 --> 0:35:12.759
<v Speaker 1>is an Audi compared to a Mercedes? But you're thinking

0:35:12.800 --> 0:35:15.759
<v Speaker 1>of the right, That's what I meant. But how good

0:35:15.840 --> 0:35:19.200
<v Speaker 1>is the Audi compared to the BMW compared to the Mercedes?

0:35:19.280 --> 0:35:24.360
<v Speaker 1>Ben It's uh in uh, my current rankings have changed.

0:35:25.400 --> 0:35:30.760
<v Speaker 1>There was a time where BMW was unassailably the driver's

0:35:30.840 --> 0:35:34.200
<v Speaker 1>car of the three of those brands. Um and um,

0:35:35.120 --> 0:35:39.160
<v Speaker 1>that's changed. Um. They you know, the famous tagline was

0:35:39.520 --> 0:35:42.840
<v Speaker 1>BMW S for the Ultimate Driving Machines. I'd like to

0:35:42.920 --> 0:35:46.799
<v Speaker 1>call them the pen ultimate driving machine now because they

0:35:46.920 --> 0:35:50.080
<v Speaker 1>really have taken their eye off the ball. It's just

0:35:50.239 --> 0:35:52.600
<v Speaker 1>not you know, Well, let's go back to BMW, who

0:35:52.640 --> 0:35:56.319
<v Speaker 1>is number one? Well right now I would say, i'm

0:35:56.600 --> 0:35:58.880
<v Speaker 1>i'm I feel like it's fairly closed, but I might

0:35:58.920 --> 0:36:02.239
<v Speaker 1>give Mercedes the odd uh as being the one I

0:36:02.280 --> 0:36:04.120
<v Speaker 1>would most like to own. But I just had an

0:36:04.480 --> 0:36:06.680
<v Speaker 1>A seven last week in New York and was driving

0:36:06.719 --> 0:36:09.680
<v Speaker 1>on the highway from some distance and it was pretty great.

0:36:09.760 --> 0:36:14.080
<v Speaker 1>Audis are pretty great. Uh and uh, you know they're

0:36:14.120 --> 0:36:18.319
<v Speaker 1>all fine, and they all make SUVs that I despise, um,

0:36:18.800 --> 0:36:22.520
<v Speaker 1>but their cars, which are you know, what the TVs

0:36:22.520 --> 0:36:25.600
<v Speaker 1>are based on, are are are better than they were.

0:36:25.920 --> 0:36:30.239
<v Speaker 1>Mostly BMW has taken its eye off of of that

0:36:30.480 --> 0:36:33.800
<v Speaker 1>last degree of excellence. Let's just grown so much that

0:36:33.960 --> 0:36:39.760
<v Speaker 1>they're really uh there. I mean, Volkswagen group that depends

0:36:39.920 --> 0:36:44.000
<v Speaker 1>in great measure on Autis being successful because they're essentially

0:36:44.480 --> 0:36:48.360
<v Speaker 1>you know, good volkswagens um that have been upscaled a

0:36:48.400 --> 0:36:50.799
<v Speaker 1>lot and and they charged a lot more money for them,

0:36:50.840 --> 0:36:53.279
<v Speaker 1>so it's a huge profit center for them. You know,

0:36:54.120 --> 0:36:57.520
<v Speaker 1>it's estimated that Volkswagen bakes barely any profit for for

0:36:58.080 --> 0:37:01.239
<v Speaker 1>the Volkswagen group. Autie makes you know, the lions share

0:37:01.280 --> 0:37:03.800
<v Speaker 1>of it. And then they also owned Porsche, which is

0:37:03.880 --> 0:37:08.279
<v Speaker 1>hugely profitable, and Lamborghini and Bentley, and so that those

0:37:08.360 --> 0:37:13.640
<v Speaker 1>companies are generating most of the profit. Uh. They because

0:37:13.680 --> 0:37:17.160
<v Speaker 1>of that. This is particularly true now with BMWC. They

0:37:17.239 --> 0:37:19.799
<v Speaker 1>need more more and more volume of stuff and they

0:37:19.840 --> 0:37:22.200
<v Speaker 1>want to sell stuff that's more expensive, so they have

0:37:22.440 --> 0:37:26.520
<v Speaker 1>you know, massive amounts of of Uh. They have huge

0:37:26.600 --> 0:37:30.239
<v Speaker 1>product lines. Um. And they're making lots and lots of

0:37:30.360 --> 0:37:33.960
<v Speaker 1>bigger and bigger SUVs, which is exactly the wrong direction

0:37:34.920 --> 0:37:36.960
<v Speaker 1>they know on some level for them to be going

0:37:37.040 --> 0:37:40.200
<v Speaker 1>in in terms of the environment and and the mandates

0:37:40.320 --> 0:37:43.280
<v Speaker 1>that you know, bud for Trump are coming down everywhere

0:37:43.280 --> 0:37:47.920
<v Speaker 1>in the world. Um and um. So there seems to

0:37:47.960 --> 0:37:50.720
<v Speaker 1>be a notion of foot at all the car companies

0:37:50.760 --> 0:37:52.640
<v Speaker 1>now that we've got to make as much money as

0:37:52.680 --> 0:37:56.920
<v Speaker 1>we can to get ready for this transition to electric cars. Okay,

0:37:57.200 --> 0:37:59.719
<v Speaker 1>so BMW, because as you say, they have an incredibly

0:37:59.800 --> 0:38:06.160
<v Speaker 1>wide line forgetting the SUVs, the standard Sedan's your bitch

0:38:06.239 --> 0:38:09.240
<v Speaker 1>with them is uh, they're they've gotten bigger and bigger

0:38:09.280 --> 0:38:12.719
<v Speaker 1>and bigger as so you know, they're less dynamically, um

0:38:13.560 --> 0:38:15.720
<v Speaker 1>amusing to me than they were. But so I would

0:38:15.920 --> 0:38:17.640
<v Speaker 1>if I was gonna buy a BMW, I'd get a

0:38:18.440 --> 0:38:22.160
<v Speaker 1>three series, which was the you know, the smartest one,

0:38:22.400 --> 0:38:25.239
<v Speaker 1>which is now the size. It's bigger than the old

0:38:25.320 --> 0:38:28.280
<v Speaker 1>five series. So they get bigger and bigger and bigger.

0:38:28.320 --> 0:38:32.840
<v Speaker 1>And the station wagon model is very handsome. Uh. Auties Uh,

0:38:33.239 --> 0:38:37.279
<v Speaker 1>starting with BMW, do they not? Because BMW every all

0:38:37.320 --> 0:38:39.920
<v Speaker 1>the car magazine seemed to say that the M two

0:38:40.080 --> 0:38:43.560
<v Speaker 1>was like the ultimate driving machine. It's it's pretty great.

0:38:43.680 --> 0:38:46.640
<v Speaker 1>It's pretty cramp though for my money, and it's still

0:38:46.800 --> 0:38:49.640
<v Speaker 1>is is pretty heavy, but yeah, it is the it

0:38:49.840 --> 0:38:52.320
<v Speaker 1>is the funnest one. I don't know that I'd recommend

0:38:52.400 --> 0:38:56.040
<v Speaker 1>it to everybody. It's for somebody who doesn't have three

0:38:56.160 --> 0:38:58.960
<v Speaker 1>kids and isn't Let's assume I want to buy an

0:38:59.120 --> 0:39:04.239
<v Speaker 1>M too, okay or three? Your ship has come in. No, no, no,

0:39:04.600 --> 0:39:06.200
<v Speaker 1>If you want to buy an M two or M three,

0:39:06.640 --> 0:39:11.359
<v Speaker 1>M five, are there equivalent Outies or Mercedes that are

0:39:11.520 --> 0:39:14.359
<v Speaker 1>just as good or better. They're pretty close. Yeah. They

0:39:14.480 --> 0:39:18.839
<v Speaker 1>You have the MG line of Mercedes, C classes any

0:39:19.000 --> 0:39:24.160
<v Speaker 1>classes and uh S classes uh and the out RS

0:39:24.280 --> 0:39:27.320
<v Speaker 1>models which are like the R S four, R six

0:39:27.480 --> 0:39:31.160
<v Speaker 1>those are those are hot, really hot cars. So if

0:39:31.200 --> 0:39:32.839
<v Speaker 1>you have to buy one of the three brands, which

0:39:32.880 --> 0:39:40.440
<v Speaker 1>would you buy? Oh, golly, um that I can't choose. Okay,

0:39:40.600 --> 0:39:45.880
<v Speaker 1>let's go, let's go. Let's go across difference between Toyota, Nissan,

0:39:46.560 --> 0:39:50.440
<v Speaker 1>Subaru the rest of the Japanese companies, well, I mean

0:39:51.000 --> 0:39:56.040
<v Speaker 1>it's hard to separate them from their current predicaments, which

0:39:56.280 --> 0:40:00.239
<v Speaker 1>are in Nissan's case, like complete shake up of their

0:40:00.280 --> 0:40:04.239
<v Speaker 1>corporate governance and the sort of simultaneous realization that they've

0:40:04.280 --> 0:40:06.759
<v Speaker 1>sort of been getting their sales for the last several

0:40:06.840 --> 0:40:10.480
<v Speaker 1>years to make themselves look more successful than they were. Uh,

0:40:10.600 --> 0:40:14.640
<v Speaker 1>similar problems. Uh leaving Japan with f c A, the

0:40:15.000 --> 0:40:19.000
<v Speaker 1>Fiat Chrysler where they were building cars and parking them

0:40:19.080 --> 0:40:23.000
<v Speaker 1>and you know, registering them and jetting their sales. So uh,

0:40:23.520 --> 0:40:27.120
<v Speaker 1>those those there there was that for those companies. Nissan

0:40:27.280 --> 0:40:30.880
<v Speaker 1>is suddenly about to not be profitable and that's you

0:40:30.960 --> 0:40:33.320
<v Speaker 1>know that that really changed their Okay, well when we

0:40:33.360 --> 0:40:37.000
<v Speaker 1>talk about I'm gonna buy one, oh well, I mean, uh,

0:40:37.880 --> 0:40:41.280
<v Speaker 1>I like Subaru. Still they for my money, they've gotten

0:40:41.400 --> 0:40:44.239
<v Speaker 1>way too big. They just get bigger and uglier with

0:40:44.360 --> 0:40:49.400
<v Speaker 1>each iteration. But um, but I'm sympathetic to them. Uh.

0:40:49.680 --> 0:40:54.080
<v Speaker 1>Toyotas are probably you know, your best bet overall in

0:40:54.280 --> 0:40:58.680
<v Speaker 1>terms of reliability, and um, some of their cars are

0:40:58.920 --> 0:41:01.880
<v Speaker 1>are quite good. I think you know, the new Corolla

0:41:02.680 --> 0:41:05.520
<v Speaker 1>x S. I think it's called it's a hatchback for

0:41:05.719 --> 0:41:07.839
<v Speaker 1>do or Corolla, and it's you know, it's aimed at

0:41:08.320 --> 0:41:12.799
<v Speaker 1>young people. Is actually remarkably you know, a pleasant car

0:41:12.920 --> 0:41:15.400
<v Speaker 1>to drive and pretty sporty. But I mean, you know

0:41:15.520 --> 0:41:19.360
<v Speaker 1>they've uh w r X subarus are pretty pretty groovy.

0:41:19.680 --> 0:41:24.640
<v Speaker 1>Um and uh I would also probably recommend that you

0:41:24.719 --> 0:41:27.320
<v Speaker 1>look at Days and Kiya's too before we get to

0:41:27.400 --> 0:41:31.560
<v Speaker 1>the Koreans. Okay, if we got to consumer reports every year,

0:41:32.120 --> 0:41:36.719
<v Speaker 1>Toyota and Lexus dominate. Okay, do you think that's a

0:41:36.800 --> 0:41:42.080
<v Speaker 1>significant dominance and reliability or do you believe whatever? I

0:41:42.200 --> 0:41:47.040
<v Speaker 1>think there's uh there, they are very reliable. I think

0:41:47.120 --> 0:41:50.120
<v Speaker 1>that a lot of those surveys, though, are kind of

0:41:50.840 --> 0:41:54.440
<v Speaker 1>they're they're kind of closed loops where people are happy

0:41:54.640 --> 0:41:57.640
<v Speaker 1>because they think they're happy. So they're happy, you know,

0:41:57.719 --> 0:41:59.759
<v Speaker 1>they think this is gonna be great, and so they're

0:42:00.040 --> 0:42:05.960
<v Speaker 1>perhaps more forgiving of of things than they might otherwise be. UM. Now,

0:42:06.080 --> 0:42:11.480
<v Speaker 1>certainly in the consumer reports, ratings are more um probably

0:42:11.560 --> 0:42:15.080
<v Speaker 1>more telling than you know, like the JD Power ones, um,

0:42:15.280 --> 0:42:17.600
<v Speaker 1>where where it really does depend you know, they're like

0:42:17.960 --> 0:42:23.040
<v Speaker 1>initial satisfaction, you know, Yeah, I mean so some really unreliable,

0:42:23.080 --> 0:42:28.400
<v Speaker 1>crappy brands had great initial satisfaction. Hummers for instance, which incidentally,

0:42:28.480 --> 0:42:30.520
<v Speaker 1>there's a rumor is going to come back as an

0:42:30.560 --> 0:42:35.520
<v Speaker 1>electric vehicle for general motors. Um so, uh, you know,

0:42:36.760 --> 0:42:40.239
<v Speaker 1>if you wait long enough, everything will happen. Okay, But

0:42:40.600 --> 0:42:43.560
<v Speaker 1>I come from the arrow where you wouldn't buy an

0:42:43.600 --> 0:42:47.160
<v Speaker 1>American car. I'm talking about once you get the seventies sixties,

0:42:47.239 --> 0:42:49.759
<v Speaker 1>we all all our parents had American cars. I have

0:42:49.840 --> 0:42:51.800
<v Speaker 1>a friend and bought a volt and he's had a

0:42:51.840 --> 0:42:57.120
<v Speaker 1>long stream and still owns uh German and Japanese uh cars.

0:42:57.440 --> 0:42:59.600
<v Speaker 1>He says, you know, it loosened up just like an

0:42:59.640 --> 0:43:04.439
<v Speaker 1>old American car in a good way or a bad way. Yeah. Well,

0:43:04.719 --> 0:43:07.600
<v Speaker 1>I don't see many people driving American cars with two

0:43:07.719 --> 0:43:10.280
<v Speaker 1>or three hundred thousand miles on them. I know plenty

0:43:10.320 --> 0:43:12.960
<v Speaker 1>of people with Hondas with two or three hundred thousand. Yeah,

0:43:13.280 --> 0:43:15.680
<v Speaker 1>you'd be surprised, though. I've I've run into some of

0:43:15.719 --> 0:43:18.120
<v Speaker 1>those American cars with high miles. Uh. You know it's

0:43:18.120 --> 0:43:20.440
<v Speaker 1>sunds like the engines can be very good in in

0:43:21.040 --> 0:43:25.239
<v Speaker 1>in terms of durability. Um. But yeah, and there's some

0:43:25.320 --> 0:43:28.600
<v Speaker 1>really the Chevy Bolt, which is the all electric one,

0:43:28.960 --> 0:43:32.600
<v Speaker 1>feels great. But what it's like with three hundred thousand miles,

0:43:32.680 --> 0:43:35.960
<v Speaker 1>I can't tell you. Um. But uh, but in general, yeah,

0:43:36.000 --> 0:43:40.000
<v Speaker 1>no it's not. You know, American cars they sell because

0:43:40.040 --> 0:43:44.080
<v Speaker 1>of people's you know, patriotism. You know, they're misca, so

0:43:44.160 --> 0:43:46.360
<v Speaker 1>they tend to be cheaper. And that's what I was

0:43:46.400 --> 0:43:48.240
<v Speaker 1>gonna say, is but if they were the same price,

0:43:48.360 --> 0:43:51.160
<v Speaker 1>I think, you know, you're a professional, but I would

0:43:51.200 --> 0:43:55.320
<v Speaker 1>say the Japanese cars are more reliable. Yeah, absolutely, and

0:43:55.440 --> 0:43:58.759
<v Speaker 1>that's why, Um, the American cars, well, there are no

0:43:58.880 --> 0:44:02.800
<v Speaker 1>more American cars. There's American Trusty. Are the Korean cars

0:44:03.000 --> 0:44:09.520
<v Speaker 1>as reliable as the Japanese cars? Um, my personal impression

0:44:09.640 --> 0:44:12.840
<v Speaker 1>is yes, I don't. I don't have the statistics. I mean,

0:44:12.880 --> 0:44:14.840
<v Speaker 1>I love I once. You know, I was at a

0:44:14.880 --> 0:44:17.680
<v Speaker 1>rental place about ten years ago and the only they

0:44:17.719 --> 0:44:20.520
<v Speaker 1>had left was Hyundai, and I cursed them as Sunday

0:44:20.640 --> 0:44:22.279
<v Speaker 1>is zero. By time I was ready to turn it

0:44:22.360 --> 0:44:24.239
<v Speaker 1>back in, I would have bought it. Yeah, you know,

0:44:24.320 --> 0:44:26.640
<v Speaker 1>it's just amazing how it's turned. You know. One of

0:44:26.719 --> 0:44:28.920
<v Speaker 1>the things about the automobile industry and a lot of

0:44:29.280 --> 0:44:30.640
<v Speaker 1>I guess it's true in a lot of industry is

0:44:30.640 --> 0:44:34.239
<v Speaker 1>probably making steal um that who you know, the people

0:44:34.280 --> 0:44:38.319
<v Speaker 1>who spend the big money the most recently are going

0:44:38.360 --> 0:44:44.239
<v Speaker 1>to necessarily have the most efficient uh production, UM you know,

0:44:44.880 --> 0:44:48.840
<v Speaker 1>UH systems and and the best equipment and stuff like that.

0:44:49.000 --> 0:44:51.879
<v Speaker 1>You know. So what what happens is when you fail

0:44:51.960 --> 0:44:54.840
<v Speaker 1>to reinvest sort of on a regular basis, you're just

0:44:55.040 --> 0:44:58.000
<v Speaker 1>you're just always going to be behind on on terms

0:44:58.080 --> 0:45:00.640
<v Speaker 1>like that. So the Koreans, you know, in some ways

0:45:00.800 --> 0:45:03.800
<v Speaker 1>or probably ahead of the Japanese for the fact that

0:45:04.040 --> 0:45:09.160
<v Speaker 1>they spend all the money more recently. So buy or lease? Uh,

0:45:09.520 --> 0:45:13.440
<v Speaker 1>there are situations where leases are a good idea. UM.

0:45:13.880 --> 0:45:17.120
<v Speaker 1>The UH it's mostly like when you know it's a

0:45:17.160 --> 0:45:20.600
<v Speaker 1>business purchase and you can write them. UH. It's also

0:45:20.640 --> 0:45:23.359
<v Speaker 1>a good idea in the sense that if you're uh

0:45:23.600 --> 0:45:25.719
<v Speaker 1>you have to be concerned about your monthly payment that

0:45:25.800 --> 0:45:28.799
<v Speaker 1>it's gonna cost you less, but you know it's it's

0:45:29.239 --> 0:45:33.879
<v Speaker 1>it's slightly somewhat more worth it to buy than lease

0:45:34.160 --> 0:45:36.840
<v Speaker 1>if you're just if you're just a private citizen, you

0:45:36.920 --> 0:45:39.000
<v Speaker 1>know you will have more money left at the end,

0:45:39.360 --> 0:45:42.480
<v Speaker 1>even if it costs you more per month. UH. And

0:45:42.560 --> 0:45:44.920
<v Speaker 1>then you also you own your car, and that's you know,

0:45:45.080 --> 0:45:48.640
<v Speaker 1>that's worth whatever it's it's worth. The one of the

0:45:48.719 --> 0:45:51.760
<v Speaker 1>trends in the industry that uh, you know, the average

0:45:51.800 --> 0:45:54.960
<v Speaker 1>person may not be aware of. UH. Is that because

0:45:55.040 --> 0:45:59.279
<v Speaker 1>cars have gotten more expensive, UM significantly really in the

0:45:59.360 --> 0:46:03.160
<v Speaker 1>last ten years. Is that least terms UH and UM

0:46:04.280 --> 0:46:08.000
<v Speaker 1>are and and car loans are going out much further

0:46:08.280 --> 0:46:12.560
<v Speaker 1>so because often people would be way upside down for

0:46:12.680 --> 0:46:17.520
<v Speaker 1>a long time, UH and have and monthly unaffordable monthly payments.

0:46:17.600 --> 0:46:21.200
<v Speaker 1>So you have uh six and seven year leases and

0:46:21.400 --> 0:46:25.160
<v Speaker 1>and you know car loans now which were unheard of.

0:46:25.440 --> 0:46:28.800
<v Speaker 1>You know certainly what you know UM in the in

0:46:28.920 --> 0:46:32.640
<v Speaker 1>the last century. You know, in part because you know

0:46:32.760 --> 0:46:35.920
<v Speaker 1>your car probably wasn't gonna last six or seven years. Okay,

0:46:36.680 --> 0:46:42.319
<v Speaker 1>we're used the smart shopper buys a two year old,

0:46:43.080 --> 0:46:47.160
<v Speaker 1>low mileage off lease car from from a dealer in

0:46:47.400 --> 0:46:51.560
<v Speaker 1>terms of probably the least hassle. But but the first

0:46:51.600 --> 0:46:55.480
<v Speaker 1>two years r when the big depreciation happens. And most cars,

0:46:55.600 --> 0:46:57.719
<v Speaker 1>you know, if they have twenty miles on them, have

0:46:58.120 --> 0:46:59.920
<v Speaker 1>a ton of life left, So that would be the

0:47:00.280 --> 0:47:02.960
<v Speaker 1>the smart move. Do you buy a certified or uncertified

0:47:03.680 --> 0:47:06.000
<v Speaker 1>if you can afford it. Certified, it's good. It's just

0:47:06.200 --> 0:47:11.320
<v Speaker 1>less hassle, more seamless operation, and uh, you know you

0:47:11.400 --> 0:47:14.719
<v Speaker 1>have a warranty. That's that's usually is very good for

0:47:14.880 --> 0:47:18.360
<v Speaker 1>a long time. That's a certainly a growing segment of

0:47:18.440 --> 0:47:22.080
<v Speaker 1>sales or certified cars. Okay, used to be the rule,

0:47:22.560 --> 0:47:26.960
<v Speaker 1>don't buy a car first year they changed the model. Uh,

0:47:27.320 --> 0:47:31.160
<v Speaker 1>you know, there's probably some validity to that, although they

0:47:31.280 --> 0:47:33.399
<v Speaker 1>you know, they have a generally have a pretty good

0:47:33.400 --> 0:47:35.520
<v Speaker 1>idea of what's good and bad about a new car.

0:47:35.640 --> 0:47:39.799
<v Speaker 1>But in this century, certainly with the explosion in electronics

0:47:39.880 --> 0:47:42.279
<v Speaker 1>and cars, there are a lot of cars that were

0:47:43.200 --> 0:47:47.799
<v Speaker 1>being sold that they hadn't figured out the bugs yet.

0:47:48.120 --> 0:47:52.440
<v Speaker 1>The Sea class Mercedes early in the century, I mean

0:47:52.520 --> 0:47:55.919
<v Speaker 1>they were they were still writing code for those back

0:47:56.040 --> 0:47:59.680
<v Speaker 1>in in short guard while cars were here on their

0:47:59.680 --> 0:48:02.520
<v Speaker 1>flat bed way on their way back to the dealers

0:48:03.000 --> 0:48:08.600
<v Speaker 1>for you know, inexplicable problems that were related to unfinished code,

0:48:08.920 --> 0:48:12.279
<v Speaker 1>UM and faulty code and things like that. So, uh,

0:48:12.640 --> 0:48:15.479
<v Speaker 1>cars are being asked to do so many more things

0:48:15.600 --> 0:48:20.759
<v Speaker 1>now that um um there. There's just a lot to do.

0:48:20.960 --> 0:48:24.320
<v Speaker 1>And of course the Germans wanted, who are very competitive

0:48:24.400 --> 0:48:26.560
<v Speaker 1>with each other. The minute one of them enters a

0:48:26.600 --> 0:48:31.759
<v Speaker 1>new market segment, Uh, they all follow. It's it's like clockwork. Uh,

0:48:32.000 --> 0:48:36.200
<v Speaker 1>they have a lot, you know, they're stretched. It's pretty thin. Okay,

0:48:36.280 --> 0:48:41.520
<v Speaker 1>what about Tesla, Well, you know a noble uh project.

0:48:42.000 --> 0:48:46.400
<v Speaker 1>You know, it's you know, good cars. I would say, uh,

0:48:46.760 --> 0:48:50.480
<v Speaker 1>you know, great in some respects uh that for whatever reason,

0:48:50.560 --> 0:48:54.239
<v Speaker 1>I've never been like, you know, a true believer like I'm.

0:48:54.440 --> 0:48:56.600
<v Speaker 1>They don't excite me. I don't aspire to own one.

0:48:57.120 --> 0:49:00.480
<v Speaker 1>At the same time, I admire them great for what

0:49:00.640 --> 0:49:03.880
<v Speaker 1>they proved could be done. And I also I'm not

0:49:04.040 --> 0:49:07.600
<v Speaker 1>a true hater, which the automotive world is pretty much

0:49:07.640 --> 0:49:12.160
<v Speaker 1>split up between Tesla drives UH car companies, but particularly

0:49:12.200 --> 0:49:15.680
<v Speaker 1>American car companies crazy because you know, four in GM

0:49:15.760 --> 0:49:17.840
<v Speaker 1>can they can make billions of dollars of profit and

0:49:17.920 --> 0:49:21.120
<v Speaker 1>their stock goes down and Tesla is you know, is

0:49:21.600 --> 0:49:25.440
<v Speaker 1>its market cap is higher than GM some days and

0:49:25.920 --> 0:49:28.279
<v Speaker 1>they don't you know, they haven't made a profit really ever,

0:49:29.120 --> 0:49:32.000
<v Speaker 1>except by selling tax credits. They don't sell you know,

0:49:32.120 --> 0:49:36.279
<v Speaker 1>like a fraction of the cars. And yet people give

0:49:36.320 --> 0:49:39.200
<v Speaker 1>them all the breaks. So the car companies, you know,

0:49:39.360 --> 0:49:43.600
<v Speaker 1>being an American car executive has basically been kind of

0:49:43.760 --> 0:49:46.680
<v Speaker 1>like uh uh you know, some kind of slow form

0:49:46.760 --> 0:49:50.279
<v Speaker 1>of water torture for the last forgetting Tesla fan, I'm

0:49:50.320 --> 0:49:53.600
<v Speaker 1>not as sympathetic to the car manufacturers in America as

0:49:53.680 --> 0:49:57.560
<v Speaker 1>you are. They've consistently refused to make change. So at

0:49:57.600 --> 0:50:00.440
<v Speaker 1>this point they're hanging it out in suv Land. As

0:50:00.520 --> 0:50:04.480
<v Speaker 1>soon as the bubble bursts, they're fucked. Yeah. I mean, Bob,

0:50:05.480 --> 0:50:08.520
<v Speaker 1>I you're a pal, So I won't I won't take

0:50:08.560 --> 0:50:12.719
<v Speaker 1>offense at that remark that UM, I'm I've been you know,

0:50:12.960 --> 0:50:17.080
<v Speaker 1>I've been complaining about how stupid they are since i

0:50:17.239 --> 0:50:20.880
<v Speaker 1>first started UM. In an up end in the l

0:50:20.960 --> 0:50:26.000
<v Speaker 1>A Times, I predicted GM's bankruptcy following its uh most

0:50:26.040 --> 0:50:30.440
<v Speaker 1>profitable quarter ever. UM and Automobile Magazine refused to run it,

0:50:30.719 --> 0:50:36.040
<v Speaker 1>and Uh I was able to. I said that what

0:50:36.320 --> 0:50:39.359
<v Speaker 1>we see here is is that they are not UM

0:50:39.560 --> 0:50:42.120
<v Speaker 1>they've given up on cars. Uh, they hadn't given up

0:50:42.160 --> 0:50:43.960
<v Speaker 1>like they've given up now. But it was the exact

0:50:44.040 --> 0:50:46.360
<v Speaker 1>same thing, and all their money was coming from SUVs

0:50:46.640 --> 0:50:50.200
<v Speaker 1>and pickup trucks, and one of three things we're gonna happen,

0:50:50.280 --> 0:50:54.080
<v Speaker 1>or some combination of uh, you know, the there'd be

0:50:54.120 --> 0:50:57.239
<v Speaker 1>a gas crisis and it would be a problem. Uh,

0:50:57.600 --> 0:51:00.719
<v Speaker 1>there would be Japanese competition, you know that they were

0:51:00.760 --> 0:51:04.520
<v Speaker 1>going to just catch up and make SUVs and pickup trucks. Uh,

0:51:05.160 --> 0:51:08.080
<v Speaker 1>and the fashion would change and all of that came

0:51:08.160 --> 0:51:11.440
<v Speaker 1>to pass in the ten years later when uh, you know,

0:51:11.560 --> 0:51:14.160
<v Speaker 1>in the early two thousands were of course rocky, but

0:51:14.760 --> 0:51:19.680
<v Speaker 1>when they went bankrupt. Okay, so let's talk about a first.

0:51:19.760 --> 0:51:21.680
<v Speaker 1>Let's break it down a little bit, the shift to

0:51:21.760 --> 0:51:25.439
<v Speaker 1>electric How do you see that playing out slower than

0:51:25.920 --> 0:51:28.839
<v Speaker 1>um we might hope. I mean, I should start by

0:51:28.880 --> 0:51:32.400
<v Speaker 1>saying that I was never anti electric, but I was

0:51:32.480 --> 0:51:35.120
<v Speaker 1>sort of skeptical, and then I actually got to spend

0:51:35.200 --> 0:51:37.880
<v Speaker 1>time with electric cars and they can be great. Uh.

0:51:38.400 --> 0:51:41.440
<v Speaker 1>And uh I had actually an electric Volkswagen Golf for

0:51:41.480 --> 0:51:44.160
<v Speaker 1>a year in New York. I put fifteen thousand miles

0:51:44.239 --> 0:51:48.800
<v Speaker 1>on it. I calculated I skipped fifty five separate trips

0:51:48.840 --> 0:51:52.200
<v Speaker 1>to the gas station, which was you know, its own reward. Um.

0:51:52.440 --> 0:51:54.520
<v Speaker 1>And I loved it. Uh. And it didn't even have

0:51:54.800 --> 0:51:57.879
<v Speaker 1>the big ranges that cars have now. Uh, there's something

0:51:57.920 --> 0:52:00.399
<v Speaker 1>about being an electric car that's so relaxed. Seeing you've

0:52:00.520 --> 0:52:03.279
<v Speaker 1>drive through some horrible traffic and you're you know, a

0:52:03.400 --> 0:52:06.200
<v Speaker 1>distance to get somewhere and you just get out. You're

0:52:06.719 --> 0:52:10.560
<v Speaker 1>not hearing that, you know of an engine for uh,

0:52:10.719 --> 0:52:13.680
<v Speaker 1>you know, an hour or two. Is is really makes

0:52:13.719 --> 0:52:16.920
<v Speaker 1>you feel better? So it's it's quite luxurious in that sense. Um,

0:52:17.280 --> 0:52:22.279
<v Speaker 1>but I think that uh, the internationally there certainly is

0:52:22.520 --> 0:52:24.920
<v Speaker 1>a huge push for that to happen. It probably has

0:52:25.000 --> 0:52:29.640
<v Speaker 1>to happen, you know, it's beyond argument. Although if you

0:52:29.840 --> 0:52:32.239
<v Speaker 1>this was a call in show, we'd have eleven Yeah,

0:52:32.280 --> 0:52:34.880
<v Speaker 1>who's waiting in this agreement? Me? But I'm not interested

0:52:34.920 --> 0:52:39.680
<v Speaker 1>in them? But uh, but it's beyond argument that the

0:52:39.760 --> 0:52:42.160
<v Speaker 1>electric cars are more efficient. Even if you live in

0:52:42.200 --> 0:52:45.360
<v Speaker 1>a state that burns coal, you're still better off in

0:52:45.360 --> 0:52:48.399
<v Speaker 1>an electric car than you are buying gasoline. And of course,

0:52:48.480 --> 0:52:51.799
<v Speaker 1>you know, the oil companies people when I was a kid,

0:52:52.000 --> 0:52:53.920
<v Speaker 1>you know, people used to go, well, and you know,

0:52:54.000 --> 0:52:56.960
<v Speaker 1>in the seventies like what what's worse like the GM

0:52:57.080 --> 0:53:00.239
<v Speaker 1>or XI mobile and people go, I don't know, you know. Now,

0:53:00.560 --> 0:53:03.480
<v Speaker 1>to me, it's clear that the oil companies are the

0:53:03.600 --> 0:53:07.239
<v Speaker 1>evil list of of the evil corporate actors, worse even

0:53:07.320 --> 0:53:11.560
<v Speaker 1>than the car companies, who are you know, amazingly bad themselves.

0:53:11.640 --> 0:53:14.480
<v Speaker 1>But the wild companies were the words so so starving

0:53:14.520 --> 0:53:19.839
<v Speaker 1>them of of money for gasoline is uh is would

0:53:19.880 --> 0:53:22.160
<v Speaker 1>be a fine, you know thing to do with your life.

0:53:22.960 --> 0:53:26.880
<v Speaker 1>So when does the fleet go all electric? I think that,

0:53:27.200 --> 0:53:31.160
<v Speaker 1>you know, uh, increasingly. And it's hard to tell what

0:53:31.320 --> 0:53:34.160
<v Speaker 1>the effect of Trump has been, which has been, you know,

0:53:34.320 --> 0:53:38.839
<v Speaker 1>completely negative on the world in every respect. But um,

0:53:39.600 --> 0:53:41.600
<v Speaker 1>the people used to think it was going to happen

0:53:42.080 --> 0:53:45.040
<v Speaker 1>like next year and the year after that. Uh. You know,

0:53:45.120 --> 0:53:48.719
<v Speaker 1>I think we'll be seeing uh, internal combustion engines. I

0:53:48.920 --> 0:53:52.239
<v Speaker 1>see engines or i c e. As they call them,

0:53:52.480 --> 0:53:59.399
<v Speaker 1>uh into the you know, Uh, I don't mean we'll

0:53:59.480 --> 0:54:02.560
<v Speaker 1>see uh, we won't see a lot more electrics. I

0:54:02.600 --> 0:54:06.640
<v Speaker 1>could say, I could see thirty When will they stop manufacturing?

0:54:07.640 --> 0:54:11.799
<v Speaker 1>Volkswagen has said that they're gonna stop designing anymore now,

0:54:11.920 --> 0:54:16.360
<v Speaker 1>but nobody necessarily believes that, but they have that. Volvo

0:54:16.600 --> 0:54:20.640
<v Speaker 1>said that they're gonna go all electric. Um and uh,

0:54:20.760 --> 0:54:23.360
<v Speaker 1>but their first electric car is a hybrid with a

0:54:23.440 --> 0:54:28.160
<v Speaker 1>gas engine and a big battery pack, so the poll

0:54:28.200 --> 0:54:31.200
<v Speaker 1>Star one. But so so I would say that, you know,

0:54:31.640 --> 0:54:34.160
<v Speaker 1>you will see more and more electric cars. You know.

0:54:34.400 --> 0:54:39.200
<v Speaker 1>The what's lacking is infrastructural investment, you know, charging stations

0:54:39.400 --> 0:54:41.840
<v Speaker 1>and more of them, and you see hopeful signs. I

0:54:41.960 --> 0:54:44.120
<v Speaker 1>think it was Shell said they were going to spend

0:54:44.560 --> 0:54:49.799
<v Speaker 1>five billion dollars to put charging stations into shell stations. Uh.

0:54:49.960 --> 0:54:52.719
<v Speaker 1>And I have every confidence in the oil industry that

0:54:52.840 --> 0:54:57.480
<v Speaker 1>they will whatever the next fuel sources, because um hydrogen

0:54:57.640 --> 0:55:01.719
<v Speaker 1>is not dead yet uh and fuel cells, UH, that

0:55:02.200 --> 0:55:05.080
<v Speaker 1>that whatever happens, that the oil companies will figure out

0:55:05.120 --> 0:55:10.680
<v Speaker 1>a way to sell it to us. Yeah. I mean they'll, they'll, they'll. Okay,

0:55:10.719 --> 0:55:13.560
<v Speaker 1>so let's go drill down to Trump. He on an

0:55:13.719 --> 0:55:17.000
<v Speaker 1>environmental level, he's battling the state of California. How did

0:55:17.040 --> 0:55:21.040
<v Speaker 1>you see that playing out? I don't know, sadly. A

0:55:21.120 --> 0:55:22.880
<v Speaker 1>lot of it I think has to do with the

0:55:22.960 --> 0:55:26.480
<v Speaker 1>Supreme Court. But I see a lot of uh, positive

0:55:26.760 --> 0:55:31.000
<v Speaker 1>futures in states standing up that you know, are for

0:55:31.760 --> 0:55:35.319
<v Speaker 1>cleaning up the air against them. So I think it's

0:55:35.360 --> 0:55:37.080
<v Speaker 1>going to go on and on and on. But when

0:55:37.560 --> 0:55:42.400
<v Speaker 1>he's replaced, I think that a a more sensible administration,

0:55:42.719 --> 0:55:45.840
<v Speaker 1>even a Republican one. I mean, he is, he is beyond,

0:55:46.080 --> 0:55:49.840
<v Speaker 1>absolutely beyond the pale. I mean, George Bush was terrible

0:55:49.920 --> 0:55:54.640
<v Speaker 1>for the environment, Dick Cheney and fracking, which just led

0:55:54.880 --> 0:55:58.360
<v Speaker 1>to a kind of a third win for gasoline powered

0:55:58.400 --> 0:56:01.839
<v Speaker 1>cars and cheap us and all that kind of stuff. Uh.

0:56:02.120 --> 0:56:05.960
<v Speaker 1>Even he you know, cleaned up diesel in America, not

0:56:06.480 --> 0:56:08.120
<v Speaker 1>to a point where it's actually good for you, but

0:56:08.280 --> 0:56:12.160
<v Speaker 1>it's it's was way less bad than it was. Uh Trump,

0:56:12.880 --> 0:56:16.120
<v Speaker 1>It's not that he's just against regulation. You get the feeling.

0:56:16.239 --> 0:56:19.399
<v Speaker 1>You start getting the feeling that he's for pollution. He's

0:56:19.400 --> 0:56:21.680
<v Speaker 1>actively for it and if there's anything he can do

0:56:22.200 --> 0:56:24.719
<v Speaker 1>to make the air dirtier, he'll he'll do it. Um.

0:56:25.280 --> 0:56:28.360
<v Speaker 1>And that's uh, that's pretty dispiriting. Um. People at the

0:56:28.400 --> 0:56:30.799
<v Speaker 1>e p A Are like, if you could even get

0:56:30.840 --> 0:56:33.560
<v Speaker 1>somebody to talk to you, their shell shocked, um and

0:56:33.840 --> 0:56:36.960
<v Speaker 1>keeping their heads down, you know, waiting for him to

0:56:37.040 --> 0:56:41.160
<v Speaker 1>go because Um, it's put the United States really out

0:56:41.200 --> 0:56:43.520
<v Speaker 1>of step with the rest of the world. It's actually

0:56:43.600 --> 0:56:47.400
<v Speaker 1>put American makers, who were embracing it at a competitive

0:56:47.440 --> 0:56:55.439
<v Speaker 1>disadvantage in the world, certainly China, Electric Volkswagen World. We're

0:56:55.840 --> 0:56:59.840
<v Speaker 1>you know, we are paddling to third world status is

0:57:00.120 --> 0:57:10.880
<v Speaker 1>as hard as we can. Okay, what about self driving also, Uh,

0:57:11.239 --> 0:57:15.479
<v Speaker 1>their imminence has been greatly overstated. I would say they're

0:57:15.600 --> 0:57:18.160
<v Speaker 1>they're gonna come, but there's so many issues involved with

0:57:18.320 --> 0:57:23.800
<v Speaker 1>them that um it is uh, you know, they're they're

0:57:23.880 --> 0:57:26.920
<v Speaker 1>a lot further out. I mean, Tesla predicted that they

0:57:26.960 --> 0:57:29.600
<v Speaker 1>would have one in two thousands, seventeen and this year,

0:57:30.000 --> 0:57:31.720
<v Speaker 1>and it's now, it's going to be in a few months,

0:57:32.040 --> 0:57:34.160
<v Speaker 1>and they're still not as self driving as they were

0:57:34.160 --> 0:57:36.480
<v Speaker 1>supposed to be. You have to have a driver. A

0:57:36.600 --> 0:57:40.040
<v Speaker 1>lot of UH companies have have gone back to the

0:57:40.120 --> 0:57:42.760
<v Speaker 1>drawing board to think about it harder. Now there, I

0:57:42.880 --> 0:57:45.120
<v Speaker 1>think it will happen, but it is one of those

0:57:45.200 --> 0:57:48.080
<v Speaker 1>things that really leads you to wonder, like, you know,

0:57:48.400 --> 0:57:50.160
<v Speaker 1>is it really worth it in a in a in

0:57:50.280 --> 0:57:53.880
<v Speaker 1>a sort of scarcity environment, even with the huge deficits

0:57:53.920 --> 0:57:57.280
<v Speaker 1>were ready to run now, like, do we really want

0:57:57.320 --> 0:57:59.920
<v Speaker 1>to be investing what has to be trillions of dollars

0:58:00.360 --> 0:58:03.240
<v Speaker 1>in making it so people can like party in their car?

0:58:03.560 --> 0:58:05.400
<v Speaker 1>And um, well, I don't. Look, I don't have the

0:58:05.480 --> 0:58:09.160
<v Speaker 1>same perspective. I believe these things are inevitable. I believe

0:58:09.200 --> 0:58:11.800
<v Speaker 1>you'll call up a vehicle. No one will own a vehicle.

0:58:11.880 --> 0:58:14.240
<v Speaker 1>It's just about the time. Oh yeah, I'm not I'm

0:58:14.280 --> 0:58:16.320
<v Speaker 1>not saying that they're not. But the reality is is

0:58:16.400 --> 0:58:18.880
<v Speaker 1>that there are a lot of negative things about that.

0:58:19.400 --> 0:58:22.960
<v Speaker 1>An interesting analysis in Business Week saying yes, if we

0:58:23.080 --> 0:58:26.320
<v Speaker 1>go to driverless cars, they're gonna be some accidents and

0:58:26.320 --> 0:58:28.800
<v Speaker 1>they're gonna kill some people. But if you don't go

0:58:28.920 --> 0:58:32.160
<v Speaker 1>to driverless cars, which on some levels are much safer,

0:58:32.560 --> 0:58:35.600
<v Speaker 1>we're gonna kill more people because people are getting killed

0:58:35.760 --> 0:58:38.240
<v Speaker 1>and we're still gonna have to go through this. We will,

0:58:38.360 --> 0:58:40.680
<v Speaker 1>we will find out about that. I think the accidents

0:58:40.720 --> 0:58:44.440
<v Speaker 1>will be uh more spectacular in some ways. You know,

0:58:44.720 --> 0:58:47.360
<v Speaker 1>twelve hundred people exit the Jersey Turnpike to go to

0:58:47.400 --> 0:58:50.120
<v Speaker 1>the same parking spot McDonald's at a hundred and ten

0:58:50.160 --> 0:58:53.200
<v Speaker 1>miles an hour, then uh and six hundred people die.

0:58:53.600 --> 0:58:56.680
<v Speaker 1>But we'll we'll, we'll find out about that. Um and

0:58:56.800 --> 0:58:59.400
<v Speaker 1>I agree with you that it's gonna happen. But in

0:58:59.640 --> 0:59:03.720
<v Speaker 1>the process, what's getting short shrift is mass transit, Like

0:59:03.880 --> 0:59:06.200
<v Speaker 1>where's all the money for the subways to fix the

0:59:06.360 --> 0:59:10.080
<v Speaker 1>and build trains which remain more efficient. It's great if

0:59:10.120 --> 0:59:12.280
<v Speaker 1>everybody is in there little pod, but if you still

0:59:12.320 --> 0:59:14.440
<v Speaker 1>have everybody a little pod, there's still gonna be more

0:59:14.520 --> 0:59:18.000
<v Speaker 1>traffic and more energy consumption than there would be if

0:59:18.040 --> 0:59:21.520
<v Speaker 1>people rode a clean bus or a well, no one's

0:59:21.560 --> 0:59:23.920
<v Speaker 1>gonna ride the bus because it takes so long trains

0:59:23.960 --> 0:59:27.120
<v Speaker 1>are an interesting thing, certainly in the metropolis. They're not

0:59:27.240 --> 0:59:29.760
<v Speaker 1>being improved because no one wants to pay taxes. But

0:59:30.000 --> 0:59:32.439
<v Speaker 1>keep going here. How many cars do you presently own?

0:59:33.200 --> 0:59:36.720
<v Speaker 1>I own an embarrassingly large number, but somewhere around uh

0:59:37.520 --> 0:59:41.000
<v Speaker 1>twenty three I think, which is actually down from what

0:59:41.080 --> 0:59:44.400
<v Speaker 1>it was. But I have an excuse that. Um. I

0:59:44.600 --> 0:59:48.000
<v Speaker 1>started a picture car business in New York and uh,

0:59:48.400 --> 0:59:51.120
<v Speaker 1>which we hope to go national. We're working with the

0:59:51.960 --> 0:59:56.200
<v Speaker 1>classic car insurance company Haggardy UH and we've been doing

0:59:56.600 --> 1:00:02.040
<v Speaker 1>um um Mrs Mazel and uh Deduce and other TV

1:00:02.120 --> 1:00:06.600
<v Speaker 1>shows around. Anyway, we have a database of thousands of

1:00:06.680 --> 1:00:09.760
<v Speaker 1>cars and we supply old cars. So okay, but let's

1:00:09.760 --> 1:00:12.320
<v Speaker 1>forget their cars. You have twenty three cars? What are they?

1:00:12.520 --> 1:00:15.000
<v Speaker 1>They're nothing that I would recommend to. Uh, So what

1:00:15.080 --> 1:00:21.160
<v Speaker 1>are they people? UM? I have Launchia and some Fulvia

1:00:21.640 --> 1:00:26.400
<v Speaker 1>UM and a Flavia Uh that's dead. I have a

1:00:26.480 --> 1:00:30.440
<v Speaker 1>bunch of Poe's and mg s and uh Lotus Cortina

1:00:31.200 --> 1:00:37.480
<v Speaker 1>and Volvo old Volvos and um some Jaguars and uh

1:00:37.600 --> 1:00:40.720
<v Speaker 1>you know where are they're in? Uh in New York

1:00:40.840 --> 1:00:44.280
<v Speaker 1>back not in the city, but in a big garage

1:00:44.360 --> 1:00:47.280
<v Speaker 1>and a bunch of them are sort of in pieces

1:00:47.400 --> 1:00:50.280
<v Speaker 1>and shops around the area. Okay, and how does one

1:00:50.320 --> 1:00:53.320
<v Speaker 1>deal in terms of driving? How does the insurance work? Well?

1:00:54.000 --> 1:00:57.640
<v Speaker 1>Through Haggardy, But there's other carriers, there's Classic Car insurance.

1:00:57.760 --> 1:00:59.919
<v Speaker 1>It's very cheap. So for all those cars, the total

1:01:00.000 --> 1:01:03.439
<v Speaker 1>insurance bill is probably like four thousand bucks a year. Really, yeah,

1:01:03.800 --> 1:01:07.560
<v Speaker 1>because you know, you're their limitations on use. You could

1:01:07.560 --> 1:01:11.640
<v Speaker 1>only go miles a year. But like, yeah, I mean

1:01:12.280 --> 1:01:14.440
<v Speaker 1>I'm lucky if I get a thousand on on some

1:01:14.600 --> 1:01:18.440
<v Speaker 1>of them. Um, and uh, you can't you know, drive that.

1:01:18.440 --> 1:01:20.080
<v Speaker 1>You're not supposed to drive them to work. You're not

1:01:20.160 --> 1:01:24.080
<v Speaker 1>supposed to uh uh you know, um commuting them and

1:01:24.160 --> 1:01:26.480
<v Speaker 1>things like that. But uh but yeah, no, it's a

1:01:26.520 --> 1:01:28.880
<v Speaker 1>really it's a really sensible option for somebody to Okay,

1:01:28.920 --> 1:01:32.800
<v Speaker 1>so what's your test cars? I get a different car

1:01:33.080 --> 1:01:35.920
<v Speaker 1>dropped off every week to my house and they pick

1:01:36.000 --> 1:01:37.800
<v Speaker 1>it up at the end of the week. Every week,

1:01:37.920 --> 1:01:40.600
<v Speaker 1>every single week. Yeah, I probably drive like well, sometimes

1:01:40.640 --> 1:01:44.080
<v Speaker 1>they have two. It's like se I probably new cars

1:01:44.120 --> 1:01:47.000
<v Speaker 1>a year. I actually dropped off an Audi A seven

1:01:47.040 --> 1:01:50.040
<v Speaker 1>at the airport when I came here, and I'm picking

1:01:50.120 --> 1:01:52.600
<v Speaker 1>up a Jeep Gladiator, which is the new ge pick

1:01:52.680 --> 1:01:56.800
<v Speaker 1>up based on the Wrangler. When I get back to town,

1:01:58.040 --> 1:02:00.840
<v Speaker 1>let's assume you drive into one. Do you necessarily right

1:02:00.920 --> 1:02:05.320
<v Speaker 1>about each one? No? No, they don't care. Uh they might.

1:02:05.760 --> 1:02:08.000
<v Speaker 1>You know, there's certain cars like if you ask for

1:02:08.080 --> 1:02:11.080
<v Speaker 1>a nine eleven turbo and then didn't do anything, they'd

1:02:11.160 --> 1:02:14.720
<v Speaker 1>remember that. But who is they companies that to all

1:02:14.760 --> 1:02:17.920
<v Speaker 1>the companies they're all at the airport generally have a well,

1:02:17.960 --> 1:02:23.560
<v Speaker 1>they have fleet managers who are approximate to major cities

1:02:23.600 --> 1:02:27.320
<v Speaker 1>and often to airports. Uh. And they you know, they

1:02:27.880 --> 1:02:30.320
<v Speaker 1>drop them off, pick them up. They'll either drop him

1:02:30.320 --> 1:02:32.120
<v Speaker 1>at the airport, they'll pick up drop him at your house.

1:02:32.160 --> 1:02:35.120
<v Speaker 1>They'll pick up one before. So there's four or five

1:02:35.160 --> 1:02:37.640
<v Speaker 1>companies in New York that do that. So you deal

1:02:37.720 --> 1:02:40.440
<v Speaker 1>with them and the companies themselves. Okay, so what are

1:02:40.520 --> 1:02:42.840
<v Speaker 1>some companies? What are Since you drive so many cars,

1:02:43.360 --> 1:02:49.160
<v Speaker 1>your personal experience big winners, big losers? Uh? In what sense?

1:02:49.600 --> 1:02:55.320
<v Speaker 1>Personal satisfaction? Oh? Um? I love, I love um sports

1:02:55.400 --> 1:02:59.840
<v Speaker 1>cars that are uh, nimble and on the smaller side.

1:03:00.080 --> 1:03:03.960
<v Speaker 1>I love. My most exciting car of of two thousand

1:03:04.040 --> 1:03:08.280
<v Speaker 1>nineteen was the New Lotus of Oura GT for thirty

1:03:08.440 --> 1:03:12.520
<v Speaker 1>or something like that. Just awesome car. UM. I drove

1:03:13.320 --> 1:03:18.440
<v Speaker 1>a Ford that's been discontinued in America, the Fiesta RS

1:03:18.680 --> 1:03:22.440
<v Speaker 1>in France, uh in September for a week and it

1:03:22.640 --> 1:03:26.200
<v Speaker 1>was fabulous. And they made a terrible mistake and not

1:03:26.320 --> 1:03:29.520
<v Speaker 1>bring the car to America. In my view, um, you know,

1:03:30.080 --> 1:03:33.720
<v Speaker 1>better than the car that we had and loved before it. Um.

1:03:34.000 --> 1:03:37.560
<v Speaker 1>So those those were h two standouts. UM, but you know,

1:03:38.000 --> 1:03:41.600
<v Speaker 1>you drive some The new poll Star was very impressive. UM.

1:03:41.880 --> 1:03:44.480
<v Speaker 1>And you drive you know, I mean how you know

1:03:44.600 --> 1:03:48.120
<v Speaker 1>what gear head wouldn't want to drive a McLaren or Ferrari.

1:03:48.320 --> 1:03:52.479
<v Speaker 1>You know they're awesome. But uh so those have been great.

1:03:52.520 --> 1:03:55.960
<v Speaker 1>But I actually, um, I'm really interested in the bottom

1:03:56.080 --> 1:03:58.480
<v Speaker 1>end of the market, so I drive, you know, the

1:03:59.280 --> 1:04:03.560
<v Speaker 1>cheap cars too, and and I'm often really impressed by

1:04:05.560 --> 1:04:09.439
<v Speaker 1>Oh gosh. Uh. I really liked the Honda Clarity, which

1:04:09.560 --> 1:04:12.720
<v Speaker 1>is a hybrid. It's a hybrid. There's also a fuel

1:04:12.760 --> 1:04:15.720
<v Speaker 1>cell version, but in California, and they've sold six or

1:04:15.760 --> 1:04:18.120
<v Speaker 1>something like that. They don't really want to sell them.

1:04:18.320 --> 1:04:27.120
<v Speaker 1>Um and uh. I drove the new Civic Sin that

1:04:27.240 --> 1:04:33.240
<v Speaker 1>was pretty pretty fun. Um and UM gosh, Uh what else?

1:04:33.280 --> 1:04:36.640
<v Speaker 1>The M two was great? Uh? The BMW so yeah,

1:04:36.720 --> 1:04:40.680
<v Speaker 1>I mean there's I just had a The Jeep Wrangler

1:04:40.960 --> 1:04:44.680
<v Speaker 1>the other week, and I had initially lukewarm reaction to it.

1:04:44.720 --> 1:04:46.520
<v Speaker 1>I thought it was it was a lot better than

1:04:46.560 --> 1:04:50.400
<v Speaker 1>I thought. Actually, by coincidence, I was delivering to uh

1:04:50.520 --> 1:04:53.960
<v Speaker 1>the set of an Apple TV show a G sixty

1:04:54.080 --> 1:04:58.320
<v Speaker 1>three Galanda bag and Mercedes from two thou eighteen, which

1:04:58.400 --> 1:05:01.200
<v Speaker 1>is it's actually been updated and is better since that.

1:05:01.320 --> 1:05:04.880
<v Speaker 1>But in every respect except like straight it had speed

1:05:05.000 --> 1:05:08.280
<v Speaker 1>and the quality of the materials. The Jeep was more

1:05:08.400 --> 1:05:12.520
<v Speaker 1>pleasant than the Mercedes was, which cost trip all the money. Yeah,

1:05:12.520 --> 1:05:14.600
<v Speaker 1>but the Mercedes was always considered a joke. It was

1:05:14.680 --> 1:05:17.080
<v Speaker 1>you know, people bought those for status, but no one

1:05:17.120 --> 1:05:18.960
<v Speaker 1>ever said they were a smooth rod or a car

1:05:19.000 --> 1:05:22.280
<v Speaker 1>where they were wor smoother. Before somebody had the idea

1:05:22.320 --> 1:05:25.439
<v Speaker 1>of putting them on twenty three inch wheels with seven

1:05:25.520 --> 1:05:28.200
<v Speaker 1>hundred horsepower engine in them, which is just like the

1:05:28.480 --> 1:05:31.040
<v Speaker 1>stupidest idea in the world. People don't know about the

1:05:31.080 --> 1:05:34.080
<v Speaker 1>Glanda Vagum that it was actually the show of Iran's idea.

1:05:34.480 --> 1:05:36.280
<v Speaker 1>He went to Mercedes and said, if you could build

1:05:36.280 --> 1:05:38.920
<v Speaker 1>me something that was sort of like this. Um we

1:05:39.320 --> 1:05:41.439
<v Speaker 1>we we would buy them from me for our army,

1:05:41.960 --> 1:05:43.960
<v Speaker 1>and so they did. It was originally kind of a

1:05:44.000 --> 1:05:47.400
<v Speaker 1>military vehicle and then but it was much more more

1:05:47.560 --> 1:05:51.840
<v Speaker 1>austere and you know, sort of work vehicle. Then just

1:05:52.000 --> 1:05:56.600
<v Speaker 1>a style in vehicle. So are you a car person

1:05:57.000 --> 1:06:00.640
<v Speaker 1>or a music manager? First? Uh? I like to say

1:06:00.680 --> 1:06:06.640
<v Speaker 1>I divide my time music eight percent, uh cars. So

1:06:06.840 --> 1:06:10.720
<v Speaker 1>I have a fractured social life. My you know, my

1:06:10.960 --> 1:06:14.480
<v Speaker 1>family is often piste off at me because I'm in right,

1:06:14.600 --> 1:06:16.840
<v Speaker 1>I have to write, you know, at night or over

1:06:16.920 --> 1:06:21.040
<v Speaker 1>the weekend to make it happen. But they actually dovetail

1:06:21.240 --> 1:06:24.520
<v Speaker 1>really nicely. Um. I always remembered when I was managing

1:06:24.600 --> 1:06:28.280
<v Speaker 1>okay go um we were at Capitol Records, and you know,

1:06:28.920 --> 1:06:32.320
<v Speaker 1>the person who was really gonna make something happen was

1:06:32.440 --> 1:06:35.760
<v Speaker 1>the then president, Andy Slayter, who was you know, friendly

1:06:35.840 --> 1:06:39.560
<v Speaker 1>guy we uh we shared uh, a lawyer who was

1:06:39.800 --> 1:06:42.280
<v Speaker 1>a dear friend of both of ours. But he, you know,

1:06:42.440 --> 1:06:44.880
<v Speaker 1>he was a busy guy and and and had a

1:06:44.960 --> 1:06:47.080
<v Speaker 1>lot of stuff to do. And you know, in the

1:06:47.400 --> 1:06:50.400
<v Speaker 1>in the major label business, you know, how much attention

1:06:50.440 --> 1:06:53.160
<v Speaker 1>and executive can pay to you is you know is

1:06:53.520 --> 1:06:57.760
<v Speaker 1>you know, perhaps properly but but certainly typically is allocated

1:06:57.840 --> 1:07:00.280
<v Speaker 1>based on like how many records have you sold? And

1:07:00.760 --> 1:07:02.600
<v Speaker 1>if I just wanted to go in and talk to

1:07:02.720 --> 1:07:07.120
<v Speaker 1>him about my band, I might not get that much time.

1:07:07.480 --> 1:07:10.360
<v Speaker 1>But if I said, hey, Andy, you know at the

1:07:10.440 --> 1:07:15.000
<v Speaker 1>new DV nine aston outside and uh we could, I

1:07:15.040 --> 1:07:16.680
<v Speaker 1>could get him in the car for two or three

1:07:16.760 --> 1:07:20.920
<v Speaker 1>hours and you know we could we could talk some business. Um.

1:07:21.080 --> 1:07:24.960
<v Speaker 1>So that was often I found the job of the

1:07:25.000 --> 1:07:29.280
<v Speaker 1>manager's figure out what floated somebody's boat, and some people

1:07:29.360 --> 1:07:31.800
<v Speaker 1>were really into cars. And it was also just you know,

1:07:31.920 --> 1:07:35.120
<v Speaker 1>convenient because like, uh, I'd be getting flown out to

1:07:35.320 --> 1:07:37.000
<v Speaker 1>l A to a car launch and then I could

1:07:37.040 --> 1:07:39.920
<v Speaker 1>go meet all the labels that I probably wouldn't have

1:07:39.960 --> 1:07:41.880
<v Speaker 1>gotten to if it was up to my bands to

1:07:42.320 --> 1:07:45.040
<v Speaker 1>buy me a ticket or for me to buy my Okay,

1:07:45.080 --> 1:07:47.840
<v Speaker 1>so today, who are you working with? We're working with

1:07:47.920 --> 1:07:51.520
<v Speaker 1>they might be giants. Um. We work with a band

1:07:51.560 --> 1:07:56.160
<v Speaker 1>called the rad Traads, who are a rock and combo

1:07:56.800 --> 1:08:00.960
<v Speaker 1>largely out of New York. Right now, Uh that two brothers,

1:08:01.040 --> 1:08:05.440
<v Speaker 1>theve Adams um from Chicago. We were Cuban Americans or

1:08:05.560 --> 1:08:08.560
<v Speaker 1>the the kind of it was. It was their thing.

1:08:09.280 --> 1:08:14.600
<v Speaker 1>But um that's that's about it. Um and uh, I

1:08:15.120 --> 1:08:17.559
<v Speaker 1>probably spend less time doing that, and the people who

1:08:17.800 --> 1:08:21.560
<v Speaker 1>work in the management business spend more time doing a

1:08:21.640 --> 1:08:24.160
<v Speaker 1>lot of that stuff, a lot of stuff, and managing

1:08:24.240 --> 1:08:28.519
<v Speaker 1>bands is sort of ministerial. Um and uh I guess

1:08:28.680 --> 1:08:35.000
<v Speaker 1>I realized that, um, I really didn't have anymore what

1:08:35.160 --> 1:08:39.439
<v Speaker 1>it took to be going out to rock clubs at

1:08:39.600 --> 1:08:42.439
<v Speaker 1>one o'clock in the morning and East Brooklyn to see

1:08:42.800 --> 1:08:46.680
<v Speaker 1>bands that we're never gat a record deal, uh never

1:08:46.760 --> 1:08:50.519
<v Speaker 1>gat a publishing deal. And uh you know that life

1:08:50.760 --> 1:08:56.400
<v Speaker 1>was was you know, short enough that um I just

1:08:56.640 --> 1:09:01.519
<v Speaker 1>I just didn't have, uh that that to break. So

1:09:02.520 --> 1:09:05.800
<v Speaker 1>how did you get into music management to begin with? Um?

1:09:06.160 --> 1:09:10.639
<v Speaker 1>I was um uh Well, the the short, long story

1:09:10.760 --> 1:09:13.040
<v Speaker 1>is I went to an alternative high school, which was

1:09:13.080 --> 1:09:15.720
<v Speaker 1>the thing in the seventies, sort of a hangover from

1:09:15.800 --> 1:09:19.479
<v Speaker 1>Summer Hill and those experiments. And it was a public school,

1:09:20.479 --> 1:09:24.040
<v Speaker 1>but we had classes. We had some core teachers, but

1:09:24.120 --> 1:09:27.519
<v Speaker 1>we also had classes that were taught by townspeople in

1:09:27.600 --> 1:09:30.519
<v Speaker 1>the town of Leoni in New Jersey. As it happened,

1:09:30.560 --> 1:09:33.800
<v Speaker 1>the guy who a young or guy who rented the

1:09:34.880 --> 1:09:38.160
<v Speaker 1>house the cottage behind the house that was next door,

1:09:38.520 --> 1:09:43.400
<v Speaker 1>which was like a converted garage was a uh record

1:09:43.760 --> 1:09:47.040
<v Speaker 1>uh a. And our guy at Columbia, his name was

1:09:47.120 --> 1:09:51.880
<v Speaker 1>Tom Merman, who went on to be Mr Producer. Great

1:09:52.200 --> 1:09:55.760
<v Speaker 1>she did Nugent now runs A B and B in Massachusetts.

1:09:55.880 --> 1:10:00.240
<v Speaker 1>I've stayed there really Yeah, so in any case, he was, uh,

1:10:01.040 --> 1:10:03.759
<v Speaker 1>we we did this class. This is probably in nineteen

1:10:04.200 --> 1:10:07.320
<v Speaker 1>five or four, and um at the end of it,

1:10:07.400 --> 1:10:10.080
<v Speaker 1>he said, you know, there's like sixteen kids in this class,

1:10:10.120 --> 1:10:12.599
<v Speaker 1>and really only two of them have any business thinking

1:10:12.600 --> 1:10:14.280
<v Speaker 1>about a career in the music business. But you're one

1:10:14.320 --> 1:10:18.320
<v Speaker 1>of them. And uh so, um he was. He was

1:10:18.360 --> 1:10:21.160
<v Speaker 1>sort of was like halfway between my parents age and me,

1:10:21.439 --> 1:10:24.880
<v Speaker 1>and he was cool, you know, um and uh So.

1:10:25.120 --> 1:10:26.840
<v Speaker 1>I sort of took that to heart and kind of

1:10:26.960 --> 1:10:30.760
<v Speaker 1>kept my eyes and years open. I went I worked

1:10:30.800 --> 1:10:32.640
<v Speaker 1>at newspapers for a couple of years. After I got

1:10:32.680 --> 1:10:36.160
<v Speaker 1>out of college, I went to h law school, and

1:10:36.920 --> 1:10:39.240
<v Speaker 1>I guess the summer my first year in law school,

1:10:39.240 --> 1:10:42.240
<v Speaker 1>I was down in New York clerking um and uh

1:10:42.360 --> 1:10:45.800
<v Speaker 1>for the state Attorney General and uh a friend of

1:10:45.880 --> 1:10:49.479
<v Speaker 1>mine from college invited me to see this these guys.

1:10:49.560 --> 1:10:51.400
<v Speaker 1>He was working with, and it was the band they

1:10:51.520 --> 1:10:54.760
<v Speaker 1>might be Giants, who I thought were great. They were like,

1:10:54.960 --> 1:10:56.920
<v Speaker 1>if you took away the guest list, there were negative

1:10:57.000 --> 1:10:59.640
<v Speaker 1>three people. He was in Hell's Kitchen when it was

1:10:59.720 --> 1:11:03.160
<v Speaker 1>really shitty and uh um. But they reminded me of

1:11:03.280 --> 1:11:06.519
<v Speaker 1>the Everly Brothers. They sang incredible harmonies together, which was

1:11:06.680 --> 1:11:08.920
<v Speaker 1>super uncool incidentally when I was in high school to

1:11:08.960 --> 1:11:11.040
<v Speaker 1>be in the Everly Brothers, but I was. And I

1:11:11.120 --> 1:11:13.640
<v Speaker 1>also liked the Four Seasons and the Bgs and some

1:11:13.800 --> 1:11:17.680
<v Speaker 1>other things along with the more traditional fair um and

1:11:18.000 --> 1:11:20.479
<v Speaker 1>so I was kind of a harmony guy and I

1:11:20.520 --> 1:11:22.840
<v Speaker 1>could just see they had that, and so I sort

1:11:22.880 --> 1:11:25.680
<v Speaker 1>of made it my business to befriend them, and over

1:11:25.760 --> 1:11:28.320
<v Speaker 1>the next couple of years, while I was finishing law school,

1:11:29.000 --> 1:11:31.360
<v Speaker 1>UM I would give them free legal advice. And because

1:11:31.400 --> 1:11:34.080
<v Speaker 1>I sort of came from a media background, my dad

1:11:34.280 --> 1:11:37.760
<v Speaker 1>was television critic in New York for thirty seven years,

1:11:38.320 --> 1:11:41.760
<v Speaker 1>um I UM, and I had worked at newspapers. I

1:11:41.840 --> 1:11:45.080
<v Speaker 1>sort of understood how press worked and stuff like that,

1:11:45.160 --> 1:11:47.759
<v Speaker 1>and I kind of ended up getting like a permanent

1:11:47.840 --> 1:11:50.280
<v Speaker 1>ability to put people on their guest list. And uh

1:11:51.000 --> 1:11:54.160
<v Speaker 1>so I did that a lot and then while living

1:11:54.200 --> 1:11:57.960
<v Speaker 1>the rest of my life. And then um, I I

1:11:58.120 --> 1:12:01.000
<v Speaker 1>knew this guy. His name was Art Lugoff, who owned

1:12:01.040 --> 1:12:04.040
<v Speaker 1>a great famous jazz club in New York called the

1:12:04.080 --> 1:12:08.160
<v Speaker 1>Village Gate, and Um, he he was a neighbor and

1:12:08.960 --> 1:12:11.280
<v Speaker 1>friends sort of friends with my parents from the kind

1:12:11.320 --> 1:12:14.960
<v Speaker 1>of like kind of left journal scene in New York

1:12:15.120 --> 1:12:18.519
<v Speaker 1>and the Village Gate in the middle late nine eighties

1:12:18.760 --> 1:12:23.320
<v Speaker 1>was um suffering from the fact that interest in jazz

1:12:23.400 --> 1:12:26.559
<v Speaker 1>had really was declining, and he'd have shows that were

1:12:26.640 --> 1:12:28.920
<v Speaker 1>you know, I remember going to see the Dirty Dozen

1:12:29.080 --> 1:12:33.280
<v Speaker 1>Brass Band there and there were you know, like fifteen

1:12:33.360 --> 1:12:35.320
<v Speaker 1>Japanese tourists and me and my friend I was in.

1:12:35.800 --> 1:12:37.800
<v Speaker 1>So he was he was like one day he's like, hey, kid,

1:12:37.920 --> 1:12:40.240
<v Speaker 1>you know, if you if you didn't bring any in here,

1:12:40.320 --> 1:12:42.240
<v Speaker 1>you know, give me five hundred bucks in the bar

1:12:42.360 --> 1:12:45.719
<v Speaker 1>and it's yours. So I went to the Um John

1:12:45.800 --> 1:12:48.120
<v Speaker 1>and John from the MP Giants and said like, uh,

1:12:48.439 --> 1:12:50.759
<v Speaker 1>you know, we you know you're playing for a hundred

1:12:50.800 --> 1:12:55.200
<v Speaker 1>people a night in the Um East Village you know often, UM,

1:12:55.400 --> 1:12:57.479
<v Speaker 1>and you know you're you're selling out these shows, and

1:12:57.560 --> 1:13:00.160
<v Speaker 1>I think we could make a move to the West Village. Mean,

1:13:00.240 --> 1:13:03.840
<v Speaker 1>that's what a different time it was. And they they

1:13:03.880 --> 1:13:06.000
<v Speaker 1>were like, you know, and and we could go do

1:13:06.160 --> 1:13:08.439
<v Speaker 1>this show at the Village Gate and it wouldn't cost

1:13:08.560 --> 1:13:10.680
<v Speaker 1>us but five hundred bucks and then the rest of

1:13:10.680 --> 1:13:13.479
<v Speaker 1>the money's hours. And they were like, you know, you know,

1:13:13.600 --> 1:13:15.040
<v Speaker 1>if you want to do that, you can do that,

1:13:15.120 --> 1:13:16.800
<v Speaker 1>but we don't. We're not. We get a hundred and

1:13:16.840 --> 1:13:20.000
<v Speaker 1>fifty dollars at night, that's their deal, and pay us

1:13:20.000 --> 1:13:23.120
<v Speaker 1>a hundred fifty dollars and you know, you know, we'll

1:13:23.200 --> 1:13:27.400
<v Speaker 1>do We'll show up. So we uh. They're live. Sound

1:13:27.479 --> 1:13:30.120
<v Speaker 1>guy who was the friend who introduced me to them

1:13:30.160 --> 1:13:32.720
<v Speaker 1>and who ended up producing their first records. He he

1:13:32.840 --> 1:13:35.120
<v Speaker 1>agreed to go partner with me on this show and

1:13:35.240 --> 1:13:37.800
<v Speaker 1>we we you know, we took ads uh and it

1:13:37.880 --> 1:13:39.479
<v Speaker 1>was going well and then through no fall to our

1:13:39.520 --> 1:13:42.400
<v Speaker 1>own um the New York Times wrote a preview story

1:13:42.520 --> 1:13:46.400
<v Speaker 1>and we ended up um UM selling like, you know,

1:13:46.520 --> 1:13:48.400
<v Speaker 1>eight hundred tickets and at the end of the night

1:13:48.800 --> 1:13:52.000
<v Speaker 1>we were at backstage sitting there with um you know,

1:13:52.240 --> 1:13:56.080
<v Speaker 1>thousands and thou eight thousand dollars, seven thousand dollars something

1:13:56.160 --> 1:13:57.800
<v Speaker 1>like that, more money than I'd ever seen in my

1:13:57.880 --> 1:14:01.320
<v Speaker 1>life in in cash and Uh. I was like, you guys,

1:14:01.400 --> 1:14:04.080
<v Speaker 1>gotta take some of this money. And they were like, no,

1:14:04.439 --> 1:14:06.360
<v Speaker 1>you know, we've made a deal. It's a hundred fifty

1:14:06.360 --> 1:14:09.240
<v Speaker 1>dollars a night, which was very menshi of them. And

1:14:09.640 --> 1:14:12.800
<v Speaker 1>uh for and we had done two shows and uh,

1:14:13.120 --> 1:14:14.600
<v Speaker 1>but do you want to be a manager? And I

1:14:14.720 --> 1:14:18.320
<v Speaker 1>was like, yes, I do. So I had recently, Um,

1:14:18.439 --> 1:14:21.160
<v Speaker 1>I had clerk for a judge after law school. I

1:14:21.720 --> 1:14:23.559
<v Speaker 1>was the clerk for the Chief Justice of the New

1:14:23.640 --> 1:14:27.680
<v Speaker 1>Jersey Supreme Court, which was suddenly took a my mediocre

1:14:27.800 --> 1:14:31.120
<v Speaker 1>law career and made me really employable. And I had

1:14:31.840 --> 1:14:38.320
<v Speaker 1>the previous summer. Uh, Matt also started selling stories to

1:14:38.320 --> 1:14:43.320
<v Speaker 1>Automobile Magazine and I had persuaded them then and their owner,

1:14:43.400 --> 1:14:46.240
<v Speaker 1>Rupert Murdoch then to send me to every baseball park

1:14:46.280 --> 1:14:48.720
<v Speaker 1>in America and at Corvette Roadster in the summer of

1:14:49.120 --> 1:14:53.800
<v Speaker 1>eight six, culminating in uh the World Series between the

1:14:53.960 --> 1:14:55.760
<v Speaker 1>Mats and the Red Sox, which I got to see

1:14:55.800 --> 1:14:59.840
<v Speaker 1>it every game of which is awesome. I saw the

1:15:00.120 --> 1:15:03.080
<v Speaker 1>your game. I was there. Uh and um. But in

1:15:03.120 --> 1:15:05.920
<v Speaker 1>any case, UM, while I was doing that, I had

1:15:06.000 --> 1:15:08.840
<v Speaker 1>this epiphany. I had accepted a job back in New

1:15:08.920 --> 1:15:12.439
<v Speaker 1>York at a fancy firm, and I also accepted another

1:15:12.560 --> 1:15:15.800
<v Speaker 1>job working for the new Jersey State Attorney General. And uh,

1:15:15.960 --> 1:15:17.960
<v Speaker 1>I had to decide which when I was actually going

1:15:18.040 --> 1:15:20.160
<v Speaker 1>a job for, and then it had an epiphany that

1:15:20.200 --> 1:15:22.560
<v Speaker 1>I should show up for neither one. Pulled over the

1:15:22.640 --> 1:15:25.439
<v Speaker 1>side of the road in Utah and called from They

1:15:25.520 --> 1:15:27.599
<v Speaker 1>used to have pay phones that you could call from

1:15:27.680 --> 1:15:30.320
<v Speaker 1>your car, low pay phones, and I called and I

1:15:30.439 --> 1:15:32.840
<v Speaker 1>was like, I can't be there on Monday, and they

1:15:32.880 --> 1:15:35.200
<v Speaker 1>were like what, and you know, they were like Tuesday.

1:15:35.280 --> 1:15:37.559
<v Speaker 1>I was like, yeah, they were like Wednesday, and I think,

1:15:37.600 --> 1:15:41.559
<v Speaker 1>you know, actually never, so I never uh took those jobs.

1:15:41.640 --> 1:15:44.479
<v Speaker 1>I came back and within a few months I was

1:15:44.720 --> 1:15:49.200
<v Speaker 1>managing them might be giants and that went so well that, uh,

1:15:49.360 --> 1:15:52.880
<v Speaker 1>you know, I ended up managing bands, which had it

1:15:52.960 --> 1:15:54.800
<v Speaker 1>not gone well, I would have been out of the

1:15:54.880 --> 1:15:58.000
<v Speaker 1>music business probably, And uh, the great thing is is

1:15:58.080 --> 1:16:01.200
<v Speaker 1>that they continued to do amazing. Well. They've just put

1:16:01.240 --> 1:16:03.920
<v Speaker 1>a tour up which is their best quickest selling tour

1:16:04.400 --> 1:16:07.720
<v Speaker 1>in their entire career, which is awesome. You know, they

1:16:07.760 --> 1:16:10.760
<v Speaker 1>get you know, millions of streams a month, and uh,

1:16:10.920 --> 1:16:13.080
<v Speaker 1>you know, they have the most uh, and that was

1:16:13.280 --> 1:16:15.840
<v Speaker 1>sort of the inside I had about them was that

1:16:15.920 --> 1:16:18.599
<v Speaker 1>they would have a career as long as they felt

1:16:18.640 --> 1:16:22.120
<v Speaker 1>like having a career. And and they've at many stages,

1:16:22.280 --> 1:16:26.160
<v Speaker 1>you know, I've not agreed necessarily with their choices, which

1:16:26.200 --> 1:16:28.680
<v Speaker 1>they like. They were kind of things they could have

1:16:28.760 --> 1:16:31.400
<v Speaker 1>done that were the conventional wisdom, you should do this,

1:16:31.640 --> 1:16:34.400
<v Speaker 1>you should open for this shitty band because you'll get

1:16:34.400 --> 1:16:36.800
<v Speaker 1>in front of you know, ten thousand people a night

1:16:36.840 --> 1:16:39.680
<v Speaker 1>instead of one thousand or two thousand. And they just

1:16:39.840 --> 1:16:42.880
<v Speaker 1>just did you know, they pleased themselves. They're they're really

1:16:43.000 --> 1:16:44.720
<v Speaker 1>I mean, you're right about this all the time. But

1:16:44.800 --> 1:16:47.840
<v Speaker 1>they were totally real artists and they didn't care. They

1:16:47.920 --> 1:16:51.639
<v Speaker 1>weren't associated with any haircut or clothes style or stuff

1:16:51.680 --> 1:16:53.560
<v Speaker 1>like that. So it was like they never wasn't like

1:16:53.600 --> 1:16:55.040
<v Speaker 1>they were going to go out of style because they

1:16:55.080 --> 1:16:58.360
<v Speaker 1>were an in style. And uh, they have a rabid

1:16:58.439 --> 1:17:00.880
<v Speaker 1>fan base you know, around the world, so they you know,

1:17:01.000 --> 1:17:05.519
<v Speaker 1>they tour Europe successfully, in Japan and Australia, and uh,

1:17:06.200 --> 1:17:10.000
<v Speaker 1>it's been great. I've I've between that and writing about cars,

1:17:10.080 --> 1:17:14.000
<v Speaker 1>I've seen the world and um, you know, I feel

1:17:14.040 --> 1:17:19.440
<v Speaker 1>pretty great that it was like, you know, my personality development,

1:17:19.720 --> 1:17:22.519
<v Speaker 1>Um kind of was arrested at the age of twelve,

1:17:22.680 --> 1:17:25.599
<v Speaker 1>and I have been able to spend my life going

1:17:25.640 --> 1:17:28.800
<v Speaker 1>to rock shows and um driving cars. So you know,

1:17:29.439 --> 1:17:31.840
<v Speaker 1>I wish I was I was heavier. So you have

1:17:32.120 --> 1:17:35.160
<v Speaker 1>like decades where they might be giants. That is rare.

1:17:35.560 --> 1:17:38.280
<v Speaker 1>How come they didn't fire you or have never gone on.

1:17:38.680 --> 1:17:42.320
<v Speaker 1>I think in part there because they you know, uh,

1:17:42.720 --> 1:17:46.439
<v Speaker 1>we liked each other. But I think, uh, you know,

1:17:46.640 --> 1:17:49.920
<v Speaker 1>I didn't really you know, make you know, like real

1:17:50.160 --> 1:17:52.360
<v Speaker 1>prima Donna stands that if they didn't do what I

1:17:52.760 --> 1:17:56.080
<v Speaker 1>wanted them to do. I think, you know, I was

1:17:56.680 --> 1:17:58.840
<v Speaker 1>I was like there, Bill Barr, you know I did.

1:17:59.000 --> 1:18:01.439
<v Speaker 1>I was there ko you know, I did what they

1:18:01.520 --> 1:18:05.479
<v Speaker 1>wanted to get done. And um, I was good at

1:18:05.520 --> 1:18:08.599
<v Speaker 1>the business part of it, having been to law school

1:18:08.640 --> 1:18:12.040
<v Speaker 1>and knowing about licenses in the early days we were

1:18:12.479 --> 1:18:15.240
<v Speaker 1>you know, it was in with with indie labels. Go

1:18:15.360 --> 1:18:18.439
<v Speaker 1>like c D rights. No, it doesn't say in this

1:18:18.560 --> 1:18:20.280
<v Speaker 1>contract that you have the right to make this new

1:18:20.360 --> 1:18:22.439
<v Speaker 1>thing called a c D. And people go like what

1:18:22.880 --> 1:18:24.880
<v Speaker 1>you know, and you go like, yeah, and I went

1:18:24.960 --> 1:18:27.320
<v Speaker 1>to law school too, so I must be true and

1:18:27.439 --> 1:18:30.040
<v Speaker 1>they go, oh, ship And I remember going to like

1:18:30.200 --> 1:18:33.439
<v Speaker 1>rough trade in England to get their first album put overseas,

1:18:33.479 --> 1:18:35.680
<v Speaker 1>and they were like, here's a contract you'll have. Your

1:18:35.760 --> 1:18:37.479
<v Speaker 1>lawyer looked that. I was like, oh, I am a lawyer,

1:18:37.560 --> 1:18:40.160
<v Speaker 1>and they'd go like, here, don't take this contract and

1:18:41.320 --> 1:18:46.360
<v Speaker 1>so uh uh so we they were just uh uh

1:18:46.600 --> 1:18:48.360
<v Speaker 1>So we were able to you know, back in the

1:18:48.439 --> 1:18:50.479
<v Speaker 1>days where there were territories and things like that, we

1:18:50.560 --> 1:18:52.840
<v Speaker 1>were able to license stuff over and over again. And

1:18:52.920 --> 1:18:57.920
<v Speaker 1>I was also I think they're most ardent cheerleader. So

1:18:58.200 --> 1:19:00.640
<v Speaker 1>you know when Birdhouse and Your Soul was it was

1:19:00.680 --> 1:19:04.240
<v Speaker 1>a top ten hit in England, that was down to us.

1:19:04.520 --> 1:19:06.840
<v Speaker 1>You know, it was down to it being a great song,

1:19:07.240 --> 1:19:09.600
<v Speaker 1>but it wouldn't have been the only great song that

1:19:09.760 --> 1:19:13.160
<v Speaker 1>got ignored before. Um and so that was something that

1:19:13.520 --> 1:19:15.640
<v Speaker 1>I never worked with bands that I didn't like, but

1:19:15.920 --> 1:19:18.719
<v Speaker 1>um uh, if I really believed in it, it would

1:19:18.960 --> 1:19:21.760
<v Speaker 1>put me in a good position to advocate for it.

1:19:21.880 --> 1:19:24.439
<v Speaker 1>So we managed the band the Laws that had the

1:19:24.479 --> 1:19:26.880
<v Speaker 1>great hit there she goes. But and you know, I

1:19:27.040 --> 1:19:30.200
<v Speaker 1>really liked the president of London Records. He's a great guy,

1:19:30.600 --> 1:19:33.640
<v Speaker 1>but he was like, how do I know this? It

1:19:33.760 --> 1:19:37.400
<v Speaker 1>wasn't Roger was actually a gentleman named Peter Cupkey still

1:19:37.560 --> 1:19:39.920
<v Speaker 1>who's sweet guy actually had tried to side the name

1:19:39.960 --> 1:19:43.400
<v Speaker 1>of Giants to Atlantic and um, but he was you know,

1:19:43.560 --> 1:19:47.000
<v Speaker 1>he was necessarily nervous because that was the mood at

1:19:47.280 --> 1:19:48.920
<v Speaker 1>PolyGram and he was like, well, how do I know

1:19:49.040 --> 1:19:51.280
<v Speaker 1>it's It's like, how do you know it's a hit?

1:19:51.400 --> 1:19:53.599
<v Speaker 1>I mean like, this is probably one of the greatest

1:19:53.640 --> 1:19:56.519
<v Speaker 1>songs ever and it's of course it's a hit, and

1:19:56.640 --> 1:19:59.439
<v Speaker 1>it's already hit in England, so like, you know, that's

1:19:59.479 --> 1:20:02.280
<v Speaker 1>pretty easy to figure out. And so yeah, and it

1:20:02.760 --> 1:20:04.760
<v Speaker 1>was a hit and not as big a hit as

1:20:04.760 --> 1:20:07.640
<v Speaker 1>it should have been, but uh, because they didn't want

1:20:07.680 --> 1:20:09.840
<v Speaker 1>to spend the money on top forty radio and stuff

1:20:09.840 --> 1:20:12.760
<v Speaker 1>like that. And of course the laws were insane themselves,

1:20:13.160 --> 1:20:17.360
<v Speaker 1>but which didn't make it any easier. But that was

1:20:17.600 --> 1:20:21.600
<v Speaker 1>you know, I mean like believing in something. Uh is

1:20:21.760 --> 1:20:24.479
<v Speaker 1>you know that that right off the bat makes the

1:20:24.760 --> 1:20:30.479
<v Speaker 1>difference between of effective manager and ineffective one. I think, Um,

1:20:31.479 --> 1:20:34.479
<v Speaker 1>they you know, but they were the John's were always uh,

1:20:34.920 --> 1:20:36.479
<v Speaker 1>you know, we worked with a lot of great bands.

1:20:36.520 --> 1:20:39.599
<v Speaker 1>We've managed the Meat Puppets and Yola Tango and uh,

1:20:39.720 --> 1:20:42.400
<v Speaker 1>the Laws we did Edwyn Collins when he had to

1:20:42.479 --> 1:20:45.040
<v Speaker 1>hit the United States. We just looked after him in

1:20:45.080 --> 1:20:48.400
<v Speaker 1>the States, and uh Fredy Johnston, who was great. And

1:20:48.880 --> 1:20:50.479
<v Speaker 1>so why is it in because you know, for most

1:20:50.560 --> 1:20:55.400
<v Speaker 1>managers it ends at some point, what's what happens there? Uh? Well, uh,

1:20:55.720 --> 1:21:02.719
<v Speaker 1>in a couple of cases, Uh, basically, uh, people decided

1:21:02.760 --> 1:21:06.760
<v Speaker 1>to manage themselves. Uh. Really a terrible mistake. I mean

1:21:07.200 --> 1:21:10.759
<v Speaker 1>I'm always like, you know what, like find another manager,

1:21:10.840 --> 1:21:12.920
<v Speaker 1>Let's find you a good manager that you like better.

1:21:13.320 --> 1:21:16.760
<v Speaker 1>But h but don't not manage yourself. That's you know,

1:21:16.920 --> 1:21:19.360
<v Speaker 1>it's just like the the if a manager is not

1:21:19.560 --> 1:21:24.760
<v Speaker 1>making their fifteen or uh for you, you know, it's

1:21:24.800 --> 1:21:27.400
<v Speaker 1>like it's rare. I mean, that would be a really

1:21:27.479 --> 1:21:30.360
<v Speaker 1>bad All it takes is somebody to call up and say,

1:21:30.439 --> 1:21:32.800
<v Speaker 1>you know for a baby band, you know, you want

1:21:32.880 --> 1:21:34.720
<v Speaker 1>five hundred bucks for this gig, or we'll give you

1:21:34.800 --> 1:21:37.519
<v Speaker 1>five hundred bucks. You get it up to seven fifty dollars,

1:21:37.560 --> 1:21:40.599
<v Speaker 1>you've paid for your commission and then so uh, it's

1:21:40.840 --> 1:21:44.439
<v Speaker 1>it's really shortsighted. There's also too many jobs for a

1:21:44.560 --> 1:21:48.240
<v Speaker 1>band to do. If if they think that they have

1:21:48.400 --> 1:21:51.280
<v Speaker 1>the time to keep their books and to book their

1:21:51.320 --> 1:21:56.200
<v Speaker 1>gigs and do all this ministerial work that is, you know,

1:21:56.360 --> 1:21:58.920
<v Speaker 1>get the visas and stuff like that. Then you know,

1:21:59.120 --> 1:22:02.040
<v Speaker 1>that is anti art, that's the anti creativity. And so

1:22:02.200 --> 1:22:04.439
<v Speaker 1>that was one of the things with the Johnson I

1:22:04.560 --> 1:22:07.120
<v Speaker 1>think they were I was liberating to them, is I

1:22:07.200 --> 1:22:10.120
<v Speaker 1>was like, quit your fucking jobs, you know, like that

1:22:10.280 --> 1:22:12.200
<v Speaker 1>was like the first thing that they did when they

1:22:12.240 --> 1:22:16.040
<v Speaker 1>got a manager, even though they had been successfully running

1:22:16.080 --> 1:22:20.760
<v Speaker 1>their own operation. That's one reason that it kept going

1:22:20.880 --> 1:22:24.640
<v Speaker 1>is that, I mean, they're both like brilliant guys, but um,

1:22:25.400 --> 1:22:27.400
<v Speaker 1>one of them in particular was just like I mean,

1:22:27.560 --> 1:22:33.760
<v Speaker 1>he he was indefatigable and and they really really wanted it,

1:22:34.080 --> 1:22:36.560
<v Speaker 1>and he and they wanted it on their terms. And

1:22:37.120 --> 1:22:40.040
<v Speaker 1>when I meet bands where there's no you know, but

1:22:40.240 --> 1:22:44.800
<v Speaker 1>nobody has megalomaniacal tendencies, nobody thinks that the world will

1:22:44.840 --> 1:22:47.600
<v Speaker 1>be a sadder place if they're not in front of

1:22:47.640 --> 1:22:51.080
<v Speaker 1>three thousand people or ten thousand people, you know, shaking

1:22:51.120 --> 1:22:54.240
<v Speaker 1>their ass um then there's a band that's probably not

1:22:54.360 --> 1:22:57.560
<v Speaker 1>going anywhere. You know. It takes that in in so

1:22:57.720 --> 1:23:01.080
<v Speaker 1>many areas of life, somebody who really really really really

1:23:01.160 --> 1:23:03.720
<v Speaker 1>really cares and they don't if you want to tell

1:23:03.760 --> 1:23:06.519
<v Speaker 1>me I suck. You know you're wrong. You know I'll

1:23:06.560 --> 1:23:09.640
<v Speaker 1>prove to you you're wrong. And that's you know, obviously,

1:23:10.280 --> 1:23:13.760
<v Speaker 1>being on kind of a left of center artists, there's

1:23:13.800 --> 1:23:15.439
<v Speaker 1>lots of people who want to tell you you suck,

1:23:15.520 --> 1:23:19.760
<v Speaker 1>even when you know minutes after they tell you that

1:23:20.280 --> 1:23:23.280
<v Speaker 1>they did it. You know, I remember trying to sign

1:23:23.360 --> 1:23:25.479
<v Speaker 1>them to a major label after they've had success at

1:23:25.479 --> 1:23:28.599
<v Speaker 1>alternative radio and MTV and people calling, oh, those guys,

1:23:28.680 --> 1:23:31.080
<v Speaker 1>I I love them even when I hated them, you know,

1:23:31.360 --> 1:23:36.640
<v Speaker 1>or uh and so yeah, okay, before we go, just

1:23:36.720 --> 1:23:41.360
<v Speaker 1>a couple of quick car questions. Bentley's Rolls Royce worth

1:23:41.479 --> 1:23:45.280
<v Speaker 1>it unique cars basically gussied up Volkswagen. What do we

1:23:45.320 --> 1:23:48.760
<v Speaker 1>got there? Well, I mean they are, uh well, Rolls

1:23:48.880 --> 1:23:52.400
<v Speaker 1>Royce is a gussied at BMW and Bentley's guess a

1:23:52.439 --> 1:23:55.240
<v Speaker 1>volks It. The thing is is that Volkswagen and BMW

1:23:55.479 --> 1:24:00.200
<v Speaker 1>are you know, among, if not the greatest UH car

1:24:00.280 --> 1:24:03.479
<v Speaker 1>companies in the world, and so their technology when they

1:24:03.600 --> 1:24:06.800
<v Speaker 1>let you pull out all the stops is pretty awesome. Um,

1:24:07.080 --> 1:24:10.800
<v Speaker 1>you know, it's it's it's sort of perverse that these

1:24:10.840 --> 1:24:15.960
<v Speaker 1>two English companies were bought by Germans, right, uh, but

1:24:16.360 --> 1:24:21.120
<v Speaker 1>and they very much um, you know, try to preserve

1:24:21.360 --> 1:24:23.800
<v Speaker 1>parts of their Britishness. But at the same time, you know,

1:24:23.960 --> 1:24:26.120
<v Speaker 1>you feel German all over them, which is you know,

1:24:26.520 --> 1:24:28.920
<v Speaker 1>that's really no bad thing. But as I say, for

1:24:29.120 --> 1:24:32.320
<v Speaker 1>your money, are you getting something? No, I think really

1:24:33.000 --> 1:24:35.760
<v Speaker 1>somewhere probably now I used to say fifty thousand, but

1:24:35.840 --> 1:24:38.240
<v Speaker 1>now it's probably more like seventy or eighty thousand. You

1:24:38.360 --> 1:24:42.920
<v Speaker 1>stop really getting any benefit other than whatever the perceived

1:24:43.120 --> 1:24:47.439
<v Speaker 1>status advantages or things like that. Okay, let's go to

1:24:47.520 --> 1:24:52.000
<v Speaker 1>the other end. The Ferraris, Lamborghinis, McLaren's. What's the best

1:24:52.080 --> 1:24:57.160
<v Speaker 1>of that? ILK, I probably, I probably like the Ferraris

1:24:57.200 --> 1:25:00.960
<v Speaker 1>the best. But they're all so much more competent and

1:25:01.200 --> 1:25:03.240
<v Speaker 1>and reliable and safe than they were. But they're just

1:25:03.400 --> 1:25:06.120
<v Speaker 1>you know, uh, to me, they don't they're not really

1:25:06.280 --> 1:25:09.519
<v Speaker 1>what UM turns me on and I find as there.

1:25:09.840 --> 1:25:12.519
<v Speaker 1>You know, they used to be quite rare, and now

1:25:12.880 --> 1:25:15.640
<v Speaker 1>you know they they've been bought by companies that have

1:25:15.840 --> 1:25:18.200
<v Speaker 1>the ability to sell five thousand of them a year

1:25:18.200 --> 1:25:21.040
<v Speaker 1>instead of you know, three hundred or nine hundred or

1:25:21.080 --> 1:25:24.760
<v Speaker 1>two thousand. UM that they're they're common and to me

1:25:24.960 --> 1:25:29.640
<v Speaker 1>they're just kind of a little embarrassing. Um. The I

1:25:29.800 --> 1:25:33.519
<v Speaker 1>was in Hamburg with a friend who's a car guy

1:25:33.560 --> 1:25:35.599
<v Speaker 1>who's driving me around, and he said, I'm gonna take

1:25:35.640 --> 1:25:38.960
<v Speaker 1>you to Russian Street and I was like, what's Russian Street.

1:25:39.000 --> 1:25:41.639
<v Speaker 1>He's the street where all the Lamborghinis are. And they're

1:25:41.680 --> 1:25:46.200
<v Speaker 1>all these you know, like you know, rich Russians, you know,

1:25:46.320 --> 1:25:49.360
<v Speaker 1>and you know, hanging out in front of their Lamborghinis

1:25:49.640 --> 1:25:52.000
<v Speaker 1>and they did you know, and you see that in London,

1:25:52.320 --> 1:25:54.840
<v Speaker 1>um on the Edgeware Road, you see, you know, the

1:25:55.120 --> 1:25:59.840
<v Speaker 1>the mirror plated Lamborghinis and and uh Ferraris and you

1:26:00.000 --> 1:26:03.280
<v Speaker 1>know it's just you know, it's just it's just vulgar

1:26:03.439 --> 1:26:09.000
<v Speaker 1>really to me. But you know, I I celebrate automotive diversity,

1:26:09.120 --> 1:26:11.320
<v Speaker 1>and you know, I think whatever people want to do,

1:26:12.120 --> 1:26:14.840
<v Speaker 1>you know, uh, for the time being, that's what they

1:26:14.880 --> 1:26:17.759
<v Speaker 1>ought to do, you know, any future for Aston Martin

1:26:18.040 --> 1:26:19.960
<v Speaker 1>Busin this week this week we're just talking about the

1:26:20.040 --> 1:26:23.600
<v Speaker 1>stock is. Yeah. Well, you know it's it's they have

1:26:23.720 --> 1:26:28.519
<v Speaker 1>a really bold plan, which is you know, one part real,

1:26:28.760 --> 1:26:33.439
<v Speaker 1>you know, two parts fairy dust. So uh, I think

1:26:33.479 --> 1:26:37.120
<v Speaker 1>they're they're smart guys, and you know, it's really it's

1:26:37.560 --> 1:26:41.479
<v Speaker 1>given how you know, you know, all these companies like

1:26:41.600 --> 1:26:43.760
<v Speaker 1>to the fact that they survived. I've survived. Aston Martin

1:26:43.800 --> 1:26:46.560
<v Speaker 1>has been around almost a hundred years and you know

1:26:46.680 --> 1:26:50.160
<v Speaker 1>they've never sold that many cars, Uh, is a miracle

1:26:50.320 --> 1:26:52.800
<v Speaker 1>and um and so you know, I kind of wish

1:26:52.920 --> 1:26:56.360
<v Speaker 1>them all the best. Building a brand that that means anything,

1:26:56.760 --> 1:27:00.320
<v Speaker 1>you know, that's that's a multibillion dollar undertaking. If you

1:27:00.360 --> 1:27:03.320
<v Speaker 1>were to try now, you know, twenty billion dollars wouldn't

1:27:03.320 --> 1:27:06.040
<v Speaker 1>be even to begin to be enough to to actually

1:27:06.200 --> 1:27:08.640
<v Speaker 1>make a brand that anyone cared about. And then you

1:27:08.720 --> 1:27:10.559
<v Speaker 1>know they wouldn't care about it the way they care

1:27:10.600 --> 1:27:13.200
<v Speaker 1>about Aston Martin. So I always say brand is a

1:27:13.320 --> 1:27:16.400
<v Speaker 1>terrible thing to waste, and I think that, um, they

1:27:16.800 --> 1:27:20.439
<v Speaker 1>you know, I wish them every success. And you know,

1:27:20.560 --> 1:27:24.160
<v Speaker 1>the difficulty is is that as technology changes that the

1:27:24.360 --> 1:27:29.640
<v Speaker 1>investments that are required to be relevant are phenomenal. So

1:27:29.760 --> 1:27:32.080
<v Speaker 1>what you see, you know, Aston has partnered a lot

1:27:32.160 --> 1:27:34.840
<v Speaker 1>with Mercedes to use a lot of their engines and

1:27:35.000 --> 1:27:37.960
<v Speaker 1>you know, various things and when it comes to autonomous

1:27:38.040 --> 1:27:40.720
<v Speaker 1>cars and electric power, so you're gonna see I think,

1:27:40.840 --> 1:27:43.880
<v Speaker 1>you know, though, they will become effectively parts of bigger

1:27:43.920 --> 1:27:48.360
<v Speaker 1>cod Okay, what's the next merger. Well, the one that is,

1:27:48.680 --> 1:27:51.760
<v Speaker 1>it's been they're working towards it is the U P

1:27:52.040 --> 1:27:55.160
<v Speaker 1>s A, which is Burgo and f C A, which

1:27:55.280 --> 1:27:59.439
<v Speaker 1>is Fiat Chrysler. So P s A is now UH

1:27:59.520 --> 1:28:04.599
<v Speaker 1>Persia Sito and um um Opal which they bought from

1:28:04.640 --> 1:28:09.040
<v Speaker 1>General Motors and ironically um it turned to profit after

1:28:09.160 --> 1:28:13.120
<v Speaker 1>twenty losing years within six months of being got uh

1:28:13.280 --> 1:28:16.760
<v Speaker 1>so um that that's going to be a big one.

1:28:16.800 --> 1:28:20.599
<v Speaker 1>That will create the world's fourth largest carmaker. That's exciting

1:28:20.720 --> 1:28:24.640
<v Speaker 1>to contemplate for fans of any of those brands that

1:28:25.040 --> 1:28:27.280
<v Speaker 1>are are planning to come back to the United States.

1:28:27.920 --> 1:28:29.880
<v Speaker 1>Um okay, but it's like, say, well, we see further

1:28:30.000 --> 1:28:33.200
<v Speaker 1>and further consolidation. I think we will. In Japan, there's

1:28:33.320 --> 1:28:39.240
<v Speaker 1>pretty much the Toyota orbit, which is UM Toyota, Subaru,

1:28:40.200 --> 1:28:43.200
<v Speaker 1>uh Suzuki I think is working with them, and UH

1:28:44.160 --> 1:28:46.559
<v Speaker 1>Mazda is also doing a lot of stuff with Toyota.

1:28:46.560 --> 1:28:49.200
<v Speaker 1>And then there's the Nissan world, which is Nissan and Mitsubishi,

1:28:49.880 --> 1:28:54.040
<v Speaker 1>UM and UH. I think that those companies could end

1:28:54.160 --> 1:28:58.200
<v Speaker 1>up being intertwined more. And I think that, yeah, I

1:28:58.280 --> 1:29:01.559
<v Speaker 1>think that that we could see. I think it wouldn't

1:29:01.560 --> 1:29:04.040
<v Speaker 1>be the weirdest thing in the world to see the

1:29:04.120 --> 1:29:07.320
<v Speaker 1>American companies end up merging with somebody else. I think

1:29:07.360 --> 1:29:11.120
<v Speaker 1>they should survive. Okay, lightning round, don't don't evade this

1:29:12.439 --> 1:29:17.519
<v Speaker 1>small car. What do you recommend? Well, I like the golfs,

1:29:18.520 --> 1:29:21.479
<v Speaker 1>even though they're canceling the regular golf for America. Okay,

1:29:21.600 --> 1:29:28.679
<v Speaker 1>that's any answer. Next step up Sedan Oh uh gag

1:29:29.479 --> 1:29:32.000
<v Speaker 1>uh in the in the low priced realm. I like

1:29:32.160 --> 1:29:36.639
<v Speaker 1>Monster six is um in higher priced realm, I would

1:29:36.680 --> 1:29:41.799
<v Speaker 1>be happy with Hey, probably with the E class Mercedes. Okay,

1:29:42.800 --> 1:29:50.879
<v Speaker 1>more luxurious. Um. I really liked the X Jays Jaguar,

1:29:51.000 --> 1:29:53.839
<v Speaker 1>which is also canceled but coming back as an electric

1:29:53.920 --> 1:29:57.680
<v Speaker 1>car in a year or two. But more luxurious than that.

1:30:00.040 --> 1:30:04.000
<v Speaker 1>He's he's he's uh no in that category. Other than

1:30:04.080 --> 1:30:09.080
<v Speaker 1>the jack Bars, it's more like serious. Uh. Oh golly, um,

1:30:12.000 --> 1:30:15.559
<v Speaker 1>I wish I was more inspired right now, I can't.

1:30:15.920 --> 1:30:27.479
<v Speaker 1>I can't say I'm not. I'm not really um um, Well,

1:30:27.479 --> 1:30:31.080
<v Speaker 1>I would never see myself only one. Uh. There's something

1:30:31.120 --> 1:30:34.160
<v Speaker 1>about the Rolls Royce Phantom that I find. It's it's

1:30:34.200 --> 1:30:38.160
<v Speaker 1>more bespoke than the Bentley's So I sort of prefer that,

1:30:38.479 --> 1:30:42.600
<v Speaker 1>and it's getting redone any second. Uh, But so I

1:30:42.640 --> 1:30:45.160
<v Speaker 1>would say, you know, for the for the big fuck

1:30:45.240 --> 1:30:48.679
<v Speaker 1>you car, I'd say, there's you know, nothing says fuck

1:30:48.760 --> 1:30:51.600
<v Speaker 1>you quite so loudly as a phantom. And there we

1:30:51.760 --> 1:30:57.320
<v Speaker 1>have it. Jamie Kentman, automobile expert music manager for decades. Jamie,

1:30:57.320 --> 1:31:00.320
<v Speaker 1>thanks so much for being Until next time, it's Bob

1:31:00.439 --> 1:31:00.720
<v Speaker 1>left S