1 00:00:02,520 --> 00:00:10,239 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. I'm Matt Miller and 2 00:00:10,240 --> 00:00:12,560 Speaker 1: I'm Hannah Elliott, and this is Hot Pursuit. 3 00:00:20,280 --> 00:00:23,800 Speaker 2: We have a very special guest for you this week. 4 00:00:24,280 --> 00:00:28,160 Speaker 2: President of General Motors Mark Royce joins us to talk 5 00:00:28,200 --> 00:00:30,680 Speaker 2: about a number of interesting things. 6 00:00:30,720 --> 00:00:33,840 Speaker 3: But Corvette records, I think are front and front. 7 00:00:33,560 --> 00:00:37,479 Speaker 1: Center Corvette records for sure. Obviously GM has had a 8 00:00:37,560 --> 00:00:40,800 Speaker 1: rough few quarters, just like every other automaker, but you 9 00:00:40,840 --> 00:00:43,919 Speaker 1: and I have business wise, yeah, business wise, but you know, 10 00:00:43,960 --> 00:00:47,920 Speaker 1: you and I both have driven recent GM products, recent 11 00:00:48,040 --> 00:00:52,600 Speaker 1: GM EV products, and we've actually been pleasantly surprised, I 12 00:00:52,640 --> 00:00:53,720 Speaker 1: think on both of us. 13 00:00:53,840 --> 00:00:55,800 Speaker 3: I definitely have I feel like. 14 00:00:57,280 --> 00:01:00,000 Speaker 2: Every time I get into an EV or I really 15 00:01:00,280 --> 00:01:02,920 Speaker 2: that I'm gonna be delivered an EV to test out, 16 00:01:03,920 --> 00:01:06,600 Speaker 2: I'm like, kind of I'm not bummed out, but I'm 17 00:01:06,640 --> 00:01:10,240 Speaker 2: just like not excited. And then I drive them. And 18 00:01:10,319 --> 00:01:13,560 Speaker 2: at first, of course they were fast and the torque 19 00:01:13,600 --> 00:01:16,560 Speaker 2: instant torque was kind of fun. But I've really started 20 00:01:16,560 --> 00:01:19,320 Speaker 2: to notice that I like the driving dynamics of the 21 00:01:19,319 --> 00:01:23,880 Speaker 2: newer ones, and charging them isn't as much of a 22 00:01:23,959 --> 00:01:27,839 Speaker 2: pain in the ass as it had been in the past. Certainly, faster, 23 00:01:27,959 --> 00:01:31,360 Speaker 2: and I know more about how it works. So the 24 00:01:31,480 --> 00:01:36,199 Speaker 2: learning curve it's pretty steep, but once you get there, 25 00:01:36,440 --> 00:01:39,760 Speaker 2: it's just not as bad as I have always thought. 26 00:01:39,560 --> 00:01:39,959 Speaker 4: It would be. 27 00:01:40,560 --> 00:01:44,000 Speaker 1: Yeah, I think it'll be very interesting to see if, 28 00:01:44,840 --> 00:01:49,200 Speaker 1: like as popular opinion sort of cool somewhat on EVS 29 00:01:49,360 --> 00:01:53,800 Speaker 1: at the moment, whether these good products get lost in 30 00:01:53,920 --> 00:01:57,680 Speaker 1: that attitude shift or not, Like, can GM have the 31 00:01:57,720 --> 00:02:01,560 Speaker 1: staying power and obviously they have strategies like making some 32 00:02:01,880 --> 00:02:05,640 Speaker 1: vehicles with Hyundai for instance, can they sort of ride 33 00:02:05,640 --> 00:02:10,400 Speaker 1: out this momentary dip in the cooling of interests in EVS. 34 00:02:10,440 --> 00:02:12,560 Speaker 2: I wonder if the whole industry can ride it at Yes, 35 00:02:12,680 --> 00:02:14,160 Speaker 2: I've been thinking about this all week. 36 00:02:14,200 --> 00:02:15,960 Speaker 1: I wonder Ferrari, it's temporary. 37 00:02:16,000 --> 00:02:16,600 Speaker 3: It's temporary. 38 00:02:16,600 --> 00:02:19,399 Speaker 2: But is there is there anyone who's buying evs now 39 00:02:19,440 --> 00:02:22,800 Speaker 2: who wasn't isn't an early adopter see that? 40 00:02:22,880 --> 00:02:24,360 Speaker 1: I don't think so. I don't think so. 41 00:02:25,040 --> 00:02:27,000 Speaker 2: I don't think so unless you're someone like like, we 42 00:02:27,080 --> 00:02:29,320 Speaker 2: get a chance to test drive these vehicles all the time, 43 00:02:29,360 --> 00:02:32,119 Speaker 2: but your average consumer maybe you can take a test 44 00:02:32,160 --> 00:02:35,480 Speaker 2: drive at a deal or for twenty minutes or an 45 00:02:35,520 --> 00:02:39,320 Speaker 2: hour max. So they don't get a chance to see 46 00:02:39,320 --> 00:02:42,600 Speaker 2: the benefits or learn the way we do, and I 47 00:02:42,680 --> 00:02:45,560 Speaker 2: wonder if it's gonna work out. I've always said I'm 48 00:02:45,600 --> 00:02:47,959 Speaker 2: sure EV's are gonna be the future, but are they really? 49 00:02:48,040 --> 00:02:49,840 Speaker 3: Is it gonna you know? 50 00:02:49,919 --> 00:02:54,800 Speaker 2: I also think there's real differentiation because you know, I 51 00:02:54,840 --> 00:02:58,119 Speaker 2: loved the Dodge Charger EV. I loved the driving dynamics, 52 00:02:58,160 --> 00:03:00,120 Speaker 2: I love the styling, but at the end of the day, 53 00:03:00,160 --> 00:03:03,120 Speaker 2: it gets far less than two hundred miles to a charge, 54 00:03:03,160 --> 00:03:05,240 Speaker 2: So I'm not gonna buy that. 55 00:03:05,080 --> 00:03:07,359 Speaker 1: At the end of the day. Maybe that's your second EV. 56 00:03:07,840 --> 00:03:11,040 Speaker 1: And how many people are buying two EV's not a lot, 57 00:03:11,440 --> 00:03:14,360 Speaker 1: but like maybe the Dodge is your second EV on 58 00:03:14,440 --> 00:03:16,400 Speaker 1: top of one that does have more range. 59 00:03:16,440 --> 00:03:18,880 Speaker 2: Well, the thing is, I've noticed that these GM vehicles 60 00:03:18,919 --> 00:03:22,720 Speaker 2: have a ton more range than almost everyone else. I 61 00:03:22,760 --> 00:03:24,800 Speaker 2: can't remember what the EV nine was and that was 62 00:03:25,040 --> 00:03:26,440 Speaker 2: I think pretty impressive, but. 63 00:03:26,560 --> 00:03:27,840 Speaker 1: I think it was around three. 64 00:03:28,200 --> 00:03:30,200 Speaker 3: So that's that's the mark you've got to hit. 65 00:03:30,280 --> 00:03:34,560 Speaker 2: And totally they're getting that with the Silverado, EV, with 66 00:03:34,639 --> 00:03:39,280 Speaker 2: the Hummer, with the Cadillac and now recently I've driven 67 00:03:39,280 --> 00:03:42,400 Speaker 2: the Blazer and the Vistick and they all had that. 68 00:03:42,440 --> 00:03:43,920 Speaker 2: I don't think the Vistick was quite as much, but 69 00:03:43,960 --> 00:03:46,520 Speaker 2: they had these giant two hundred kilowat hour battery packs 70 00:03:46,560 --> 00:03:49,720 Speaker 2: around there, and that just gives you monstrous range. 71 00:03:50,080 --> 00:03:53,120 Speaker 1: Yeah, the Optic has I think two hundred or sorry, 72 00:03:53,120 --> 00:03:56,880 Speaker 1: three hundred and two miles and I had zero anxiety 73 00:03:56,960 --> 00:03:58,520 Speaker 1: driving that thing. And I had it for a week 74 00:03:58,560 --> 00:04:01,320 Speaker 1: and I drove all I would find reasons to drive it, 75 00:04:01,400 --> 00:04:04,120 Speaker 1: which says a lot, because usually I am not wanting 76 00:04:04,160 --> 00:04:06,360 Speaker 1: to charge, not wanting to drive them because it's a hassle. 77 00:04:07,280 --> 00:04:10,520 Speaker 2: But well, there just seem to be so many more 78 00:04:10,920 --> 00:04:14,160 Speaker 2: EV's now to choose from that whole list of GM 79 00:04:14,440 --> 00:04:17,760 Speaker 2: EV's I've driven in the past couple of months, and 80 00:04:18,279 --> 00:04:20,919 Speaker 2: I have coming up. I have the new Ix to 81 00:04:21,040 --> 00:04:26,880 Speaker 2: drive from BMW. I have the new Macon coming from Portia. 82 00:04:28,160 --> 00:04:30,480 Speaker 2: I have I'm finally going to drive a Rivian like 83 00:04:30,560 --> 00:04:32,760 Speaker 2: you know, three years later coming up. 84 00:04:32,839 --> 00:04:35,039 Speaker 3: So I have a lot of evs stacked. 85 00:04:35,520 --> 00:04:38,080 Speaker 1: Wow. I mean, did you ever think you'd be here, Matt? 86 00:04:38,560 --> 00:04:41,080 Speaker 2: No, And I mean the funny thing is, the more 87 00:04:41,120 --> 00:04:45,159 Speaker 2: I drive them, the more I think, uh, maybe I 88 00:04:45,240 --> 00:04:47,880 Speaker 2: buy one as a family. There's so many more family cars, right, 89 00:04:47,920 --> 00:04:50,880 Speaker 2: I'm looking for I'm waiting for. And I talked to 90 00:04:50,960 --> 00:04:53,120 Speaker 2: Jim Farley a couple weeks ago and he said, they're 91 00:04:53,160 --> 00:04:57,240 Speaker 2: eventually coming out with this three row EV, and if 92 00:04:57,279 --> 00:04:59,520 Speaker 2: they do a super duty version of it, then I'm 93 00:04:59,520 --> 00:05:01,040 Speaker 2: in because I want. 94 00:05:00,880 --> 00:05:04,000 Speaker 3: A super duty three row EV. 95 00:05:04,240 --> 00:05:07,000 Speaker 2: But they haven't made a super duty EV since super 96 00:05:07,040 --> 00:05:10,000 Speaker 2: duty three row since, you know, for an ice vehicle, 97 00:05:10,080 --> 00:05:13,080 Speaker 2: since the Excursion for Ford, and there used to be 98 00:05:13,120 --> 00:05:15,440 Speaker 2: a super duty version of the suburban. But there's no 99 00:05:15,640 --> 00:05:17,120 Speaker 2: super duty three row right now. 100 00:05:17,160 --> 00:05:22,200 Speaker 1: So you would consider an EV as the primary family vehicle. 101 00:05:22,279 --> 00:05:24,080 Speaker 3: Yeah, I would for sure. 102 00:05:24,200 --> 00:05:27,160 Speaker 2: Wow Wow, Yeah, because you leave it plugged in at 103 00:05:27,160 --> 00:05:29,719 Speaker 2: your house then when you want to take a trip. 104 00:05:30,160 --> 00:05:33,800 Speaker 2: I've I've realized how superchargers are, high speed chargers work, 105 00:05:33,839 --> 00:05:36,400 Speaker 2: and I know how to find them, so I'm not 106 00:05:36,440 --> 00:05:37,720 Speaker 2: as worried as I used to be about it. 107 00:05:37,880 --> 00:05:40,520 Speaker 1: Yeah. That's interesting because I used to kind of think, Okay, 108 00:05:40,520 --> 00:05:43,760 Speaker 1: most people are going to have a combustion vehicle as 109 00:05:43,800 --> 00:05:46,040 Speaker 1: their primary car, and then they might have an EV, 110 00:05:46,960 --> 00:05:51,000 Speaker 1: but they want the stability and safety emotionally speaking of 111 00:05:51,040 --> 00:05:52,360 Speaker 1: something that runs on gasoline. 112 00:05:52,400 --> 00:05:56,000 Speaker 3: Now for me, it's flipped interesting, right, I will be 113 00:05:56,440 --> 00:05:58,560 Speaker 3: in the next couple of years. Happy to have an 114 00:05:58,560 --> 00:05:59,480 Speaker 3: ev as. 115 00:05:59,360 --> 00:06:03,480 Speaker 2: The family as the grocery getter, but I'm going to 116 00:06:03,560 --> 00:06:06,160 Speaker 2: have you know, a fire breathing. 117 00:06:06,320 --> 00:06:09,680 Speaker 1: Well that car that is actually if we're talking like 118 00:06:09,800 --> 00:06:13,599 Speaker 1: long term, that's what everybody has said about these fun 119 00:06:13,640 --> 00:06:15,920 Speaker 1: sports cars that we all like to drive, like you know, 120 00:06:17,040 --> 00:06:20,200 Speaker 1: air cooled Porsches for instance. We don't need those cars, 121 00:06:20,200 --> 00:06:22,599 Speaker 1: but we still have them around because they're fun to drive, 122 00:06:22,640 --> 00:06:25,400 Speaker 1: and they have personality and character. And there's the argument that, 123 00:06:25,760 --> 00:06:28,880 Speaker 1: you know, internal combustion will never completely go away because 124 00:06:28,880 --> 00:06:32,400 Speaker 1: there will be hobbyists an enthusiast who maintain the cars 125 00:06:32,680 --> 00:06:36,799 Speaker 1: at a reduced level as simply weekend fun toys. 126 00:06:37,760 --> 00:06:39,200 Speaker 3: I prefer the term enthusiast. 127 00:06:39,240 --> 00:06:43,520 Speaker 1: I hope no one ever calls me a hobbyist, hobbyist, enthusiast. 128 00:06:43,720 --> 00:06:46,839 Speaker 3: Young me would have hated it. Old me was going 129 00:06:46,920 --> 00:06:47,800 Speaker 3: to be a hobbyist. 130 00:06:49,440 --> 00:06:52,599 Speaker 2: All right, let's get to this interview then, with Mark Royce, 131 00:06:53,000 --> 00:06:56,279 Speaker 2: the president of General Motors. I'm really happy to have 132 00:06:56,320 --> 00:07:01,719 Speaker 2: you Mark. I'm obviously we're both huge fans of your products. 133 00:07:01,440 --> 00:07:04,960 Speaker 2: That you know, Hannah has actually bought a number of Corvettes, 134 00:07:05,480 --> 00:07:06,080 Speaker 2: and uh. 135 00:07:06,200 --> 00:07:07,359 Speaker 1: It's true this is true. 136 00:07:07,640 --> 00:07:08,640 Speaker 4: Wow, that's awesome. 137 00:07:08,800 --> 00:07:11,360 Speaker 2: I just got out of the Cadillac Vistick as well, 138 00:07:11,400 --> 00:07:14,000 Speaker 2: which totally impressed me. And I have to say more 139 00:07:14,040 --> 00:07:18,000 Speaker 2: and more, I'm enjoying my time in evs, which is 140 00:07:18,040 --> 00:07:20,840 Speaker 2: shocking to anyone who knows me to hear that come 141 00:07:20,880 --> 00:07:22,760 Speaker 2: out of my mouth. But I wonder what you think 142 00:07:22,800 --> 00:07:27,920 Speaker 2: about the the evolution of you know, the driving capabilities 143 00:07:27,920 --> 00:07:29,760 Speaker 2: of your electric vehicles. 144 00:07:30,760 --> 00:07:34,240 Speaker 4: That's a great, great question, because I'm with you. I 145 00:07:34,360 --> 00:07:36,560 Speaker 4: just bought a Vistick, you know, and I have three 146 00:07:36,640 --> 00:07:42,240 Speaker 4: kids and now they're they're having boyfriend's girlfriends and spouses 147 00:07:42,400 --> 00:07:45,000 Speaker 4: and now a grand child on the way very shortly. 148 00:07:46,040 --> 00:07:50,080 Speaker 4: So we're you know, we we we we have one 149 00:07:50,080 --> 00:07:52,160 Speaker 4: of our big SUV's and I just traded in as 150 00:07:52,160 --> 00:07:54,920 Speaker 4: a twenty one for a new Vestic. And I have 151 00:07:55,000 --> 00:07:58,160 Speaker 4: to say, you know, the more I'm in that type 152 00:07:58,160 --> 00:08:01,720 Speaker 4: of vehicle, the more I joy it. And you know, 153 00:08:01,720 --> 00:08:04,000 Speaker 4: the one I bought has air ride and four wheel steer, 154 00:08:04,160 --> 00:08:08,240 Speaker 4: and you know, it's everything. It's really everything you could imagine, 155 00:08:08,600 --> 00:08:11,119 Speaker 4: and the fuel economy and the range is right in there, 156 00:08:11,200 --> 00:08:14,160 Speaker 4: you know, at over three hundred and almost all of them, 157 00:08:14,480 --> 00:08:18,240 Speaker 4: in fact, all of them. It's really not a compromise anymore. 158 00:08:18,320 --> 00:08:22,480 Speaker 4: And they're fun to drive, and they're beautifully quiet, and 159 00:08:22,680 --> 00:08:26,040 Speaker 4: especially that the Cadillacs are, you know, everything the Cadillacts 160 00:08:26,040 --> 00:08:28,080 Speaker 4: should be, right, Yeah. 161 00:08:27,960 --> 00:08:31,160 Speaker 3: I mean even even the Chevy Blazer EV. 162 00:08:31,320 --> 00:08:34,720 Speaker 2: I drove the SS version and I had a longer 163 00:08:34,760 --> 00:08:36,640 Speaker 2: trip to make in it, and my wife was a 164 00:08:36,679 --> 00:08:39,600 Speaker 2: little bit nervous about, you know, doing four hundred miles 165 00:08:39,640 --> 00:08:44,560 Speaker 2: in electric vehicle, but the car knew where the next 166 00:08:44,559 --> 00:08:47,960 Speaker 2: supercharger was. It took us literally twelve minutes to charge 167 00:08:47,960 --> 00:08:50,280 Speaker 2: from twenty percent to eighty percent, and it was like 168 00:08:51,240 --> 00:08:52,360 Speaker 2: such a great uh. 169 00:08:53,200 --> 00:08:54,920 Speaker 3: We used to call it a sleeper. 170 00:08:54,559 --> 00:08:56,760 Speaker 2: Right, a big station wagon that you don't know is 171 00:08:56,760 --> 00:08:58,880 Speaker 2: going to be a super fast ride for like an 172 00:08:58,920 --> 00:09:03,959 Speaker 2: Autobahn journey. So I just more and more often as 173 00:09:03,960 --> 00:09:08,120 Speaker 2: we get the variety. I'm really impressed by the driving 174 00:09:08,200 --> 00:09:11,040 Speaker 2: characteristics of these vehicles. 175 00:09:11,480 --> 00:09:13,800 Speaker 4: It's great you say that, because I would say that 176 00:09:13,920 --> 00:09:17,840 Speaker 4: this has been written as well by other people like yourself, 177 00:09:18,320 --> 00:09:22,040 Speaker 4: that our vehicle dynamics and our integration is world class. 178 00:09:22,040 --> 00:09:24,280 Speaker 4: It's it could be the best in the industry. And 179 00:09:25,080 --> 00:09:28,040 Speaker 4: I think you see it when we have engineers like 180 00:09:28,080 --> 00:09:30,800 Speaker 4: the ones that set the times at the Ring A 181 00:09:30,880 --> 00:09:34,720 Speaker 4: combined you know, they're a combined experience level of thirty 182 00:09:34,760 --> 00:09:37,319 Speaker 4: six years, and so you know these that's what they 183 00:09:37,360 --> 00:09:39,800 Speaker 4: do and that's all they do in fact them out 184 00:09:39,800 --> 00:09:42,720 Speaker 4: here today at the proving grounds, we spend about five 185 00:09:42,880 --> 00:09:46,680 Speaker 4: hours every Friday looking at every single car and every 186 00:09:46,720 --> 00:09:50,240 Speaker 4: stage of development, and we pick, you know, a target 187 00:09:50,280 --> 00:09:54,120 Speaker 4: to beat in segment and so we do that and 188 00:09:54,200 --> 00:09:57,000 Speaker 4: so there's no surprise when we launch that we're going 189 00:09:57,080 --> 00:09:59,000 Speaker 4: to get good reviews. And so we've been doing that 190 00:09:59,040 --> 00:10:02,200 Speaker 4: for quite a while. But that's really part of the 191 00:10:02,280 --> 00:10:04,680 Speaker 4: deal is you know, there's five or six of us 192 00:10:04,720 --> 00:10:08,520 Speaker 4: that that ride every car, with every chief engineer and 193 00:10:08,559 --> 00:10:11,600 Speaker 4: the development team and you know, the whole integration team 194 00:10:11,600 --> 00:10:15,280 Speaker 4: out here every week, and so I think it's really 195 00:10:16,000 --> 00:10:19,840 Speaker 4: a big competitive advantage. So I'm happy you recognize that mark. 196 00:10:19,920 --> 00:10:22,240 Speaker 1: We just this week ran my review of the Optic, 197 00:10:22,679 --> 00:10:25,680 Speaker 1: which I also thought was really solid, and I remember 198 00:10:26,400 --> 00:10:29,960 Speaker 1: when that car first debuted. Hun Kim was telling me that, 199 00:10:31,360 --> 00:10:36,319 Speaker 1: you know, GM has seen an increase of younger buyers, 200 00:10:36,320 --> 00:10:39,520 Speaker 1: and by younger, we're talking like maybe around forty or 201 00:10:39,600 --> 00:10:45,280 Speaker 1: younger than that. Is that who you find buying vehicles 202 00:10:45,320 --> 00:10:47,720 Speaker 1: like the Optic and the Vistick, is it typically a 203 00:10:47,800 --> 00:10:50,040 Speaker 1: younger buyer or not necessarily. 204 00:10:50,760 --> 00:10:52,600 Speaker 4: I think if you look at Cadillac as a whole, 205 00:10:53,360 --> 00:10:55,440 Speaker 4: we're under you know, this is a this has been 206 00:10:55,480 --> 00:10:58,880 Speaker 4: a long journey to transform the brand, and you know, 207 00:10:58,920 --> 00:11:01,520 Speaker 4: the portfolio on the commitment that the company has put 208 00:11:01,559 --> 00:11:06,920 Speaker 4: behind it, both in people and products, is beginning to 209 00:11:06,960 --> 00:11:10,080 Speaker 4: tell that story. And I would say that, you know, 210 00:11:10,120 --> 00:11:14,080 Speaker 4: if you look at the demographics of Cadillac along with Buick, 211 00:11:14,600 --> 00:11:18,080 Speaker 4: we're seeing an influx of younger people and it's changing 212 00:11:18,200 --> 00:11:21,720 Speaker 4: the ages, but it's also conquesting. And so you know, 213 00:11:21,760 --> 00:11:25,440 Speaker 4: we're running about seventy percent conquest on our Cadillac evs, 214 00:11:25,480 --> 00:11:29,400 Speaker 4: Which that's a great story right there, right Yeah. 215 00:11:29,520 --> 00:11:33,280 Speaker 1: I mean it's interesting to me because obviously this is 216 00:11:33,520 --> 00:11:37,080 Speaker 1: a really difficult time in the automotive industry. I know, 217 00:11:37,400 --> 00:11:41,719 Speaker 1: profits have really suffered, but I also read that sales 218 00:11:42,400 --> 00:11:47,880 Speaker 1: are up in the US for GM and in China. 219 00:11:48,000 --> 00:11:51,560 Speaker 1: Can you talk about that duality that you know, it's 220 00:11:51,760 --> 00:11:55,120 Speaker 1: very challenging out there right now, but also like sales 221 00:11:55,160 --> 00:11:56,200 Speaker 1: are up, that's. 222 00:11:56,120 --> 00:12:00,000 Speaker 4: Right, Yeah, We've we've gained share for you know, several 223 00:12:00,120 --> 00:12:03,000 Speaker 4: quarters now and we're running over seventeen percent in the US, 224 00:12:03,040 --> 00:12:06,080 Speaker 4: which is a really good healthy share for US. And 225 00:12:06,080 --> 00:12:10,280 Speaker 4: then if you look at the utilization of capacity, we're 226 00:12:10,320 --> 00:12:13,880 Speaker 4: increasing that as we look at different footprints of different 227 00:12:13,920 --> 00:12:17,480 Speaker 4: cars as we introduce them. So that's a positive thing too. 228 00:12:17,559 --> 00:12:21,400 Speaker 4: And if you look at that along with China and 229 00:12:21,480 --> 00:12:24,160 Speaker 4: you look at the turnaround that we have going on 230 00:12:24,200 --> 00:12:29,040 Speaker 4: in China, it's really a matching supply and demand fundamentally, 231 00:12:29,080 --> 00:12:33,480 Speaker 4: but also the discipline and pricing. You know, there's people 232 00:12:33,520 --> 00:12:39,719 Speaker 4: that will raise prices amidst the tariff structure that we're 233 00:12:39,720 --> 00:12:44,160 Speaker 4: seeing unfold. We're not doing that. We have at the 234 00:12:44,280 --> 00:12:48,080 Speaker 4: end of the day, extremely desirable vehicles and it all 235 00:12:48,120 --> 00:12:51,440 Speaker 4: gets down to product. And that's both in China and here. 236 00:12:52,080 --> 00:12:55,480 Speaker 4: And the pricing discipline in China and the commercial piece 237 00:12:55,480 --> 00:12:59,560 Speaker 4: of that has seen a seismic change. So we've got 238 00:12:59,600 --> 00:13:01,680 Speaker 4: a new team team over there with Steve Hill and 239 00:13:01,760 --> 00:13:05,080 Speaker 4: Jim Campbell and the rest of the JV teams, and 240 00:13:05,360 --> 00:13:08,600 Speaker 4: they come from the US and they have a very 241 00:13:08,880 --> 00:13:12,360 Speaker 4: very structured discipline approcess approach on how we go to market. 242 00:13:12,960 --> 00:13:14,840 Speaker 4: But we can't have that if we don't have the 243 00:13:14,920 --> 00:13:18,640 Speaker 4: right cars, and so that's been the real secret to it. 244 00:13:19,000 --> 00:13:21,959 Speaker 4: From a design, from a performance Matt you mentioned that 245 00:13:22,080 --> 00:13:26,040 Speaker 4: vehicle dynamics, integration, all those things have to be hitting, 246 00:13:26,800 --> 00:13:29,920 Speaker 4: you know, with with all success to be able to 247 00:13:30,360 --> 00:13:32,839 Speaker 4: run the pricing and the market share game. We've got 248 00:13:32,880 --> 00:13:35,840 Speaker 4: the one of the that I would say, we flutter 249 00:13:35,920 --> 00:13:39,840 Speaker 4: around the lowest incentive rates in the industry. That's a 250 00:13:39,840 --> 00:13:42,080 Speaker 4: big deal. GM hasn't done that in a long time. 251 00:13:42,120 --> 00:13:46,000 Speaker 4: So we're doing that gaining share, not changing our pricing. 252 00:13:47,000 --> 00:13:50,400 Speaker 4: So we're priced right. We have highly desirable cars, and 253 00:13:50,760 --> 00:13:54,680 Speaker 4: we're not fluttering around you know, high and low pricing, 254 00:13:55,040 --> 00:14:00,400 Speaker 4: cutting prices, slashing prices, discounting our vehicles because ovehicles are 255 00:14:00,440 --> 00:14:03,439 Speaker 4: highly desirable, and so that's a it's a good value 256 00:14:04,240 --> 00:14:06,880 Speaker 4: whatever the car is. And that's that's the real secret 257 00:14:06,920 --> 00:14:08,120 Speaker 4: between both regions. 258 00:14:08,320 --> 00:14:10,480 Speaker 2: The I mean, the vehicles we normally talk about in 259 00:14:10,559 --> 00:14:14,680 Speaker 2: this podcast are the CT five V Black Wing from 260 00:14:14,720 --> 00:14:18,319 Speaker 2: Cadillac and all the corvettes from you know, Hannah's C 261 00:14:18,559 --> 00:14:21,880 Speaker 2: three's up to the E Ray that I love so much. 262 00:14:22,760 --> 00:14:24,480 Speaker 2: And of course we want to talk about the records 263 00:14:24,480 --> 00:14:26,600 Speaker 2: that you guys are breaking at the nurburg Ring. But 264 00:14:26,680 --> 00:14:29,200 Speaker 2: before we get off EV's I just want to talk 265 00:14:29,280 --> 00:14:31,560 Speaker 2: more a little bit more about the dynamics because I 266 00:14:31,600 --> 00:14:34,640 Speaker 2: love the Silverado EV that I drove in terms of 267 00:14:34,680 --> 00:14:37,480 Speaker 2: the way it actually performed. And I know you've set 268 00:14:37,520 --> 00:14:40,800 Speaker 2: another record there with I think over one thousand miles 269 00:14:40,880 --> 00:14:43,440 Speaker 2: of range in a Silverado EV. Plus you've got a 270 00:14:43,480 --> 00:14:46,520 Speaker 2: new a new trail boss that has like over seven 271 00:14:46,640 --> 00:14:50,120 Speaker 2: hundred horse power and rides on thirty five So what 272 00:14:50,160 --> 00:14:53,840 Speaker 2: do you expect from the Silverado platform EV wise? Matt, Yeah, yeah, 273 00:14:54,520 --> 00:14:57,240 Speaker 2: because because like Hannah said, like right now is a 274 00:14:57,240 --> 00:14:59,920 Speaker 2: tough time for the industry, so many people have turned 275 00:15:00,120 --> 00:15:00,920 Speaker 2: anti EV. 276 00:15:01,800 --> 00:15:02,680 Speaker 3: But at the same. 277 00:15:02,520 --> 00:15:06,160 Speaker 2: Time, you're releasing like the greatest EVA really yes, and 278 00:15:06,360 --> 00:15:09,000 Speaker 2: people like me and I'm like you Mark, you know, 279 00:15:09,000 --> 00:15:11,640 Speaker 2: I'm a gearhead. I like to smell gasoline, I like 280 00:15:11,680 --> 00:15:15,200 Speaker 2: the vibes. But I'm being convinced by these products. 281 00:15:15,800 --> 00:15:17,920 Speaker 4: Well, it's great to hear, and I think if you 282 00:15:17,960 --> 00:15:20,560 Speaker 4: look at what we're doing portfolio wise, this is this 283 00:15:20,600 --> 00:15:23,320 Speaker 4: is a growth area for us if we do it right. 284 00:15:24,520 --> 00:15:26,080 Speaker 4: If we don't do it right, then we're going to 285 00:15:26,160 --> 00:15:29,280 Speaker 4: be into all the things that happen when you when 286 00:15:29,320 --> 00:15:31,880 Speaker 4: you don't have good EVS or you haven't changed your 287 00:15:31,920 --> 00:15:35,400 Speaker 4: EVS or too expensive. It goes on and on, right, 288 00:15:36,160 --> 00:15:38,400 Speaker 4: but if we get the right range, you know, over 289 00:15:38,440 --> 00:15:41,360 Speaker 4: three hundred miles on most products, and we have the 290 00:15:41,440 --> 00:15:46,280 Speaker 4: right price points, and again we have real integration. So 291 00:15:46,320 --> 00:15:48,360 Speaker 4: it's not you know, it's a great car number one, 292 00:15:48,880 --> 00:15:52,320 Speaker 4: number two, it may may happen to be an EV Philosophically, 293 00:15:52,360 --> 00:15:55,280 Speaker 4: that's what we've gone after. And you know, it works 294 00:15:55,520 --> 00:15:58,840 Speaker 4: and people see it, and you know, once you get 295 00:15:58,840 --> 00:16:02,280 Speaker 4: into being able to charge in a lot of different places, 296 00:16:02,320 --> 00:16:06,080 Speaker 4: including your home, that's a big deal. And I read 297 00:16:06,160 --> 00:16:10,960 Speaker 4: there was twenty five thousand additional superchargers in the United 298 00:16:11,000 --> 00:16:14,080 Speaker 4: States year to year, and so these are no longer 299 00:16:14,240 --> 00:16:18,360 Speaker 4: you know, finding Hen's teeth. They're becoming very very common. 300 00:16:18,400 --> 00:16:21,440 Speaker 4: And you know, my daughter, my youngest daughter drives the 301 00:16:21,520 --> 00:16:26,200 Speaker 4: Indiana for school, drives an EV and you know there 302 00:16:26,200 --> 00:16:28,560 Speaker 4: are multiple places, like if you're hungry or I have 303 00:16:28,600 --> 00:16:31,560 Speaker 4: to use the restroom, there's multiple places. And like you said, 304 00:16:31,560 --> 00:16:34,000 Speaker 4: you went from twenty percent to eighty percent Atavistic in 305 00:16:34,040 --> 00:16:36,920 Speaker 4: about ten minutes. That's pretty compelling, right. 306 00:16:38,200 --> 00:16:42,200 Speaker 1: Can I ask how this plan with Hyundai to jointly 307 00:16:42,240 --> 00:16:48,080 Speaker 1: develop vehicles feeds in to the overall strategy. I don't 308 00:16:48,120 --> 00:16:50,400 Speaker 1: think the vehicles you guys are developing together are for 309 00:16:50,440 --> 00:16:53,800 Speaker 1: the US, correct me if I'm wrong, But can you 310 00:16:53,840 --> 00:16:56,400 Speaker 1: explain a little bit about how that is part of 311 00:16:56,440 --> 00:16:58,000 Speaker 1: the strategy that you guys are running. 312 00:16:59,360 --> 00:17:03,040 Speaker 4: Yes, we just announced that obviously for Central and South 313 00:17:03,080 --> 00:17:08,480 Speaker 4: America market primarily, but you know we're also looking for 314 00:17:08,760 --> 00:17:12,719 Speaker 4: a co development of an electric commercial ban from North America. 315 00:17:12,800 --> 00:17:15,920 Speaker 4: So it's a mix, Hannah, uh. And you know, these 316 00:17:15,960 --> 00:17:19,119 Speaker 4: are some things that you know, we're pretty disciplined with 317 00:17:19,200 --> 00:17:22,520 Speaker 4: capital on a on a yearly basis, year to year, 318 00:17:23,040 --> 00:17:25,720 Speaker 4: and so our discipline on capital forces us to make 319 00:17:25,760 --> 00:17:31,040 Speaker 4: the highest priority portfolio decisions first. But we have some 320 00:17:31,119 --> 00:17:34,680 Speaker 4: places in our portfolio we would like to fill in globally, 321 00:17:35,119 --> 00:17:37,760 Speaker 4: and so that's really the thinking behind it. And so 322 00:17:38,440 --> 00:17:41,119 Speaker 4: and they're they're there are places that are synergistic with 323 00:17:41,200 --> 00:17:44,480 Speaker 4: and DIE and so you know, for instance, they really 324 00:17:44,520 --> 00:17:48,840 Speaker 4: don't have a mid size pickup and then neither of 325 00:17:48,880 --> 00:17:53,080 Speaker 4: us have a hybrid propulsion system in a mid sized pickup. 326 00:17:53,960 --> 00:17:57,919 Speaker 4: And so then you look at a compact suv, you know, 327 00:17:58,040 --> 00:18:01,840 Speaker 4: they there's there's synergy both ways. Globally on that something 328 00:18:01,880 --> 00:18:04,159 Speaker 4: like that. We have those in North America, but you 329 00:18:04,200 --> 00:18:07,080 Speaker 4: know that that would be good, and then a car 330 00:18:07,960 --> 00:18:10,680 Speaker 4: might be a nice you know, we don't have many 331 00:18:10,680 --> 00:18:14,160 Speaker 4: cars left, we have a few, but a good sedan 332 00:18:14,280 --> 00:18:17,439 Speaker 4: would be highly desirable as well. So that's sort of 333 00:18:17,480 --> 00:18:19,480 Speaker 4: the thinking behind if that makes sense. 334 00:18:19,800 --> 00:18:24,680 Speaker 1: Are those going to be branded GM vehicles or or tv. 335 00:18:24,560 --> 00:18:28,920 Speaker 4: D tb D because the co development we really haven't 336 00:18:28,960 --> 00:18:31,880 Speaker 4: talked about yet on who's got the lead on which products, 337 00:18:31,920 --> 00:18:35,600 Speaker 4: so we'll interesting well, uh, you know, yeah, so what 338 00:18:35,640 --> 00:18:38,280 Speaker 4: they're branded, and I don't mean you know, what we 339 00:18:38,320 --> 00:18:40,320 Speaker 4: sell will be branded General Motors, but it won't be 340 00:18:40,320 --> 00:18:43,320 Speaker 4: General Motors, it'll be a brand. So we haven't we 341 00:18:43,400 --> 00:18:47,080 Speaker 4: haven't settled on which GM brand. He and I has 342 00:18:47,119 --> 00:18:50,159 Speaker 4: obviously got a different strategy there. They don't have the 343 00:18:50,240 --> 00:18:54,560 Speaker 4: multiple brands you know, closely aligned with Kia obviously, but 344 00:18:54,920 --> 00:18:58,399 Speaker 4: they don't have the full portfolio of brands that we 345 00:18:58,520 --> 00:19:01,000 Speaker 4: do or the distribute set up like we do. 346 00:19:01,240 --> 00:19:05,480 Speaker 1: So do you think that as we move deeper into 347 00:19:05,560 --> 00:19:10,240 Speaker 1: this world of tariffs and China really being competitive with 348 00:19:10,320 --> 00:19:13,000 Speaker 1: electric vehicles, will we see more and more of these 349 00:19:13,000 --> 00:19:17,640 Speaker 1: type of partnerships where two major manufacturers are actually working together. 350 00:19:18,560 --> 00:19:21,640 Speaker 4: I think you've seen it, and I don't. I can't 351 00:19:21,640 --> 00:19:23,680 Speaker 4: come in on the success of it, but you've seen 352 00:19:23,720 --> 00:19:27,560 Speaker 4: it already on two pretty big manufacturers on EVS, right, 353 00:19:28,000 --> 00:19:31,040 Speaker 4: I think with Ford and b W that was one. 354 00:19:31,320 --> 00:19:36,680 Speaker 4: But I think on a relatively high cost of capital 355 00:19:37,240 --> 00:19:40,680 Speaker 4: situation that the industry and the world is in right 356 00:19:40,720 --> 00:19:47,359 Speaker 4: now lends itself to some some pretty synergistic discussions. But 357 00:19:47,440 --> 00:19:49,359 Speaker 4: I can't answer. I don't have a crystal ball. I 358 00:19:49,359 --> 00:19:52,960 Speaker 4: don't know if that if that radically changes through the industry, 359 00:19:53,080 --> 00:19:58,160 Speaker 4: but it certainly is something that that you know, maybe 360 00:19:58,200 --> 00:19:59,440 Speaker 4: accelerates the conversation. 361 00:20:00,320 --> 00:20:03,280 Speaker 2: All right, Speaking of acceleration, let's get to these Corvette records. 362 00:20:03,320 --> 00:20:08,480 Speaker 2: Because you have been driving the the z R one 363 00:20:08,520 --> 00:20:11,000 Speaker 2: and the z R one X, or your engineers rather 364 00:20:11,080 --> 00:20:13,720 Speaker 2: have been driving them at the Nurburgring norch SLIFA, and 365 00:20:13,760 --> 00:20:15,960 Speaker 2: that's I think as big a part of the story 366 00:20:16,040 --> 00:20:18,960 Speaker 2: as the records themselves. The fact that you're not using 367 00:20:19,000 --> 00:20:22,840 Speaker 2: professional race car drivers to do six point fifty uh 368 00:20:23,119 --> 00:20:27,960 Speaker 2: six forty nine, I mean shattering records that probably anger 369 00:20:28,200 --> 00:20:31,080 Speaker 2: angers your crosstown rivals just a little bit there. So 370 00:20:31,840 --> 00:20:35,639 Speaker 2: tell us about these Corvettes, Mark and the drivers and 371 00:20:35,680 --> 00:20:37,199 Speaker 2: the drivers. 372 00:20:36,960 --> 00:20:40,399 Speaker 4: Yeah, the drivers are are are people that you know, 373 00:20:40,480 --> 00:20:43,320 Speaker 4: we infect I'm driving with them today out here on 374 00:20:43,480 --> 00:20:48,199 Speaker 4: on some some things, some other performance cards stuff. But 375 00:20:48,280 --> 00:20:53,160 Speaker 4: they they are at the core wonderful vehicle dynamics engineers 376 00:20:53,960 --> 00:20:57,040 Speaker 4: that are very good drivers. And so you know, this 377 00:20:57,160 --> 00:21:02,439 Speaker 4: story hasn't been told about how deeply committed and what 378 00:21:02,560 --> 00:21:05,560 Speaker 4: wonderful people they are, but also what wonderful engineers and 379 00:21:05,600 --> 00:21:09,439 Speaker 4: drivers they are. So I really Ken Morris started this 380 00:21:09,520 --> 00:21:14,520 Speaker 4: activity twenty years ago plus with the first Sigma based 381 00:21:15,440 --> 00:21:19,639 Speaker 4: CTS vehicles as we were developing the Sigma platform, so 382 00:21:20,520 --> 00:21:24,399 Speaker 4: he really started the development and validation that we do 383 00:21:24,480 --> 00:21:27,120 Speaker 4: over there. And you know, so that that's been going 384 00:21:27,160 --> 00:21:30,560 Speaker 4: on a while, and we've been building the performance piece 385 00:21:30,600 --> 00:21:32,480 Speaker 4: on Cadillac and Corvette over there as well. 386 00:21:32,520 --> 00:21:35,280 Speaker 2: So what was that like the CTSV the. 387 00:21:35,680 --> 00:21:40,040 Speaker 4: It was the original CTS if you can believe that, Yeah, 388 00:21:40,160 --> 00:21:42,200 Speaker 4: long time ago, and then of course we developed it 389 00:21:42,240 --> 00:21:45,400 Speaker 4: into the v's there, but yeah, the first ones. Yeah, 390 00:21:45,520 --> 00:21:49,119 Speaker 4: it's pretty pretty awesome. So it's been going on a 391 00:21:49,160 --> 00:21:51,239 Speaker 4: long time, and you know, we're there. We have our 392 00:21:51,280 --> 00:21:55,040 Speaker 4: own workshop there which is really nice and so you know, 393 00:21:55,080 --> 00:21:57,800 Speaker 4: we finally put the business case together that shipping all 394 00:21:57,800 --> 00:22:00,960 Speaker 4: the parts and cars over there and renting drive space 395 00:22:01,600 --> 00:22:05,920 Speaker 4: probably wasn't great from a business standpoint, So we ended 396 00:22:06,000 --> 00:22:09,760 Speaker 4: up facilitating a pretty nice space where we can keep 397 00:22:09,760 --> 00:22:14,080 Speaker 4: our our parts libraries for development and then you know, 398 00:22:14,400 --> 00:22:16,800 Speaker 4: shipping cars. Well you saw the video probably, but the 399 00:22:16,840 --> 00:22:19,560 Speaker 4: shipping the cars there is hard enough, right and getting 400 00:22:19,600 --> 00:22:23,080 Speaker 4: a weather window and so all that stuff has to 401 00:22:23,119 --> 00:22:25,439 Speaker 4: be synced up. So it's not an easy trip to 402 00:22:25,480 --> 00:22:28,120 Speaker 4: set records, but it's a lot easier to go over 403 00:22:28,160 --> 00:22:30,520 Speaker 4: there during the industry pool and develop, which you know, 404 00:22:30,720 --> 00:22:34,240 Speaker 4: myself and and Ken and the whole team do that, 405 00:22:34,440 --> 00:22:38,600 Speaker 4: and and we did that pretty recently before we went 406 00:22:38,640 --> 00:22:42,359 Speaker 4: over and those guys went and set the record and 407 00:22:43,000 --> 00:22:45,919 Speaker 4: I couldn't go because Michael Simkov was retiring and I 408 00:22:45,960 --> 00:22:49,120 Speaker 4: wasn't gonna miss his retirement party, so I stayed home, 409 00:22:49,160 --> 00:22:51,199 Speaker 4: but the rest of the team went and it was 410 00:22:51,320 --> 00:22:55,760 Speaker 4: just phenomenal, But you know, it wasn't it was I want. 411 00:22:56,320 --> 00:22:58,680 Speaker 4: I want people that had that much. I mean, as 412 00:22:58,680 --> 00:23:03,160 Speaker 4: I as I get older and I appreciate so much 413 00:23:03,240 --> 00:23:07,280 Speaker 4: the people we have, I really get a lot of satisfaction. Yes, 414 00:23:07,359 --> 00:23:10,000 Speaker 4: out of the records. It's great, but out've seen them 415 00:23:10,640 --> 00:23:15,320 Speaker 4: have their time in the sun doing this. It's really important, 416 00:23:15,359 --> 00:23:18,199 Speaker 4: and you know, it's all about the people at the 417 00:23:18,240 --> 00:23:20,640 Speaker 4: end of the day, and these these these guys are 418 00:23:22,160 --> 00:23:24,560 Speaker 4: I'm not sure anybody else has people like this, you know, 419 00:23:25,760 --> 00:23:26,159 Speaker 4: doing this. 420 00:23:26,280 --> 00:23:27,120 Speaker 3: Who are they? 421 00:23:27,160 --> 00:23:29,360 Speaker 2: What are the names of the record setting drivers? 422 00:23:29,840 --> 00:23:33,840 Speaker 4: Yeah, Drew Cautel did the six forty nine in the 423 00:23:33,960 --> 00:23:38,520 Speaker 4: zero one X and then Brian Wallace did the z 424 00:23:38,680 --> 00:23:41,920 Speaker 4: R one at six point fifty and then Aaron Link 425 00:23:42,200 --> 00:23:46,479 Speaker 4: did the ZO six at seven eleven. So those are 426 00:23:46,520 --> 00:23:49,400 Speaker 4: the three people and they're just. 427 00:23:49,720 --> 00:23:52,280 Speaker 2: Mark They're just engineers that have come up through They're 428 00:23:52,280 --> 00:23:56,560 Speaker 2: studied like electro mechanics or engineering or something. They're not 429 00:23:56,720 --> 00:23:59,600 Speaker 2: like NASCAR into guys, Oh. 430 00:23:59,440 --> 00:24:03,800 Speaker 4: No at all. They started here and there their their 431 00:24:03,880 --> 00:24:07,960 Speaker 4: vehicle dynamics. You know, engineers is what they are, which 432 00:24:08,000 --> 00:24:11,680 Speaker 4: means it's a it's a term, it's an engineering term. 433 00:24:11,680 --> 00:24:15,600 Speaker 4: But what it really does is these people, uh, these 434 00:24:15,600 --> 00:24:19,680 Speaker 4: three engineers and people like them in our company anyway, 435 00:24:20,119 --> 00:24:21,840 Speaker 4: know how to integrate the car, so they know how 436 00:24:21,840 --> 00:24:24,560 Speaker 4: to set the car up. They know how to develop 437 00:24:24,640 --> 00:24:27,800 Speaker 4: that setup and they develop it. If you look at 438 00:24:27,800 --> 00:24:29,919 Speaker 4: the Corvette. We did this the other day for the 439 00:24:29,920 --> 00:24:31,840 Speaker 4: first time in a long time, is we drove the 440 00:24:31,840 --> 00:24:35,640 Speaker 4: whole portfolio. So these guys did everything from the base Corvette, 441 00:24:35,640 --> 00:24:39,440 Speaker 4: which is a sweetheart, right, Z fifty one, you know 442 00:24:40,040 --> 00:24:44,240 Speaker 4: LT two find really fun car all the way through 443 00:24:44,320 --> 00:24:48,600 Speaker 4: E ray, Z six, z R one to Z one X. 444 00:24:48,640 --> 00:24:52,679 Speaker 4: So they had seats doing the vehicle dynamics on all 445 00:24:52,720 --> 00:24:56,000 Speaker 4: of them. So each one of those cars is completely different, 446 00:24:56,640 --> 00:25:00,320 Speaker 4: and it's because of them and their knowledge of the 447 00:25:00,600 --> 00:25:04,080 Speaker 4: eight can deliver and they architect to the help out. 448 00:25:04,240 --> 00:25:06,239 Speaker 4: You know, they help architect the car and design the 449 00:25:06,240 --> 00:25:08,760 Speaker 4: car based on what we want these entries to do. 450 00:25:09,200 --> 00:25:12,399 Speaker 4: So it starts very early in the development process and 451 00:25:12,480 --> 00:25:17,359 Speaker 4: they continually develop those those you know five entries. 452 00:25:17,600 --> 00:25:21,880 Speaker 1: So yeah, can we talk about what Cadillac is doing 453 00:25:21,920 --> 00:25:26,040 Speaker 1: in motorsport in general, and I think these records totally 454 00:25:26,119 --> 00:25:28,280 Speaker 1: feed into it. Obviously, you have the F one team 455 00:25:28,840 --> 00:25:32,040 Speaker 1: coming next year, which is so exciting. I know obviously 456 00:25:32,080 --> 00:25:34,040 Speaker 1: we've talked about this before, but your you are a 457 00:25:34,040 --> 00:25:38,639 Speaker 1: motorsports guy, Mark, it seems from the outside that we 458 00:25:38,720 --> 00:25:41,600 Speaker 1: are really on a high in terms of just motorsport 459 00:25:41,680 --> 00:25:44,600 Speaker 1: awareness in the country. In general. Are you seeing that 460 00:25:45,920 --> 00:25:48,760 Speaker 1: and how is that feeding back into the brand. 461 00:25:50,040 --> 00:25:52,760 Speaker 4: We are. It's a great question, Hannah, because if you 462 00:25:52,800 --> 00:25:54,520 Speaker 4: look at I was looking at the I had a 463 00:25:54,520 --> 00:25:57,760 Speaker 4: motorsports meaning yesterday, and we looked at the activation that 464 00:25:57,840 --> 00:26:03,000 Speaker 4: happens therese different rays is actually around the world, and 465 00:26:03,040 --> 00:26:06,399 Speaker 4: then the conversion to sales and you know, you know, 466 00:26:06,560 --> 00:26:08,240 Speaker 4: if you go to a race and you go to 467 00:26:08,280 --> 00:26:10,639 Speaker 4: our stand and you look at the cars that were racing, 468 00:26:10,680 --> 00:26:13,560 Speaker 4: and you look at the cars that we're making, there's 469 00:26:13,600 --> 00:26:17,000 Speaker 4: a direct lineage on almost all of them, whether it's powertrain, 470 00:26:17,160 --> 00:26:21,840 Speaker 4: chassis design, whatever that is. You can see it. And 471 00:26:22,040 --> 00:26:25,680 Speaker 4: people people sign up to get more information around buying 472 00:26:25,680 --> 00:26:28,800 Speaker 4: a car, and then you track the funnel, if you will, 473 00:26:29,320 --> 00:26:32,480 Speaker 4: from the awareness to whether they register a car or not. 474 00:26:32,560 --> 00:26:35,240 Speaker 4: So we've got good data around that and that comes 475 00:26:35,280 --> 00:26:40,119 Speaker 4: from having great, great attendance, but also great interest in 476 00:26:40,200 --> 00:26:43,760 Speaker 4: motorsports across the country and frankly across the world. And 477 00:26:43,960 --> 00:26:47,040 Speaker 4: F one is really the pinnacle of that. You know, 478 00:26:47,520 --> 00:26:50,200 Speaker 4: over half of the fans and F one for instance, 479 00:26:50,280 --> 00:26:56,199 Speaker 4: are female, and so that's a tremendous, uh you know 480 00:26:56,560 --> 00:27:01,240 Speaker 4: statement there, because that is hardcore, you know, worldwide stage 481 00:27:01,359 --> 00:27:04,359 Speaker 4: and so but that's just one of them, you know, 482 00:27:04,400 --> 00:27:08,639 Speaker 4: one of the stats, and we see crowds whatever venue 483 00:27:08,680 --> 00:27:10,879 Speaker 4: we're racing in, and we're racing in just about all 484 00:27:10,920 --> 00:27:14,440 Speaker 4: of them. To some extent, we see a great, great 485 00:27:14,480 --> 00:27:18,119 Speaker 4: tie in for the brand. But also, you know, we 486 00:27:18,160 --> 00:27:20,080 Speaker 4: can make great cars, but if no one knows about them, 487 00:27:20,119 --> 00:27:23,679 Speaker 4: that's a problem, right, It's hard to sell cars. And 488 00:27:23,760 --> 00:27:27,400 Speaker 4: so this is a pretty much a core for us 489 00:27:27,440 --> 00:27:29,600 Speaker 4: to get brand awareness, to get people in our cars. 490 00:27:29,600 --> 00:27:32,480 Speaker 4: But it's also as you as you said, there's a 491 00:27:32,520 --> 00:27:35,520 Speaker 4: tie into what we produce, what we engineer, and what 492 00:27:35,560 --> 00:27:39,320 Speaker 4: we integrate, and it comes directly from that. Our Motorsports Center, 493 00:27:39,600 --> 00:27:43,600 Speaker 4: for instance, in Charlotte, North Carolina, is set up to 494 00:27:44,119 --> 00:27:50,320 Speaker 4: really develop all of our motorsports vehicles, powertrains teams with 495 00:27:50,480 --> 00:27:54,320 Speaker 4: Pontiac here and then are also core engineering of our 496 00:27:54,400 --> 00:27:58,119 Speaker 4: vehicles here in Detroit. So it's really quite wonderful. And 497 00:27:58,160 --> 00:28:00,879 Speaker 4: then of course we we are now spreading that to 498 00:28:01,920 --> 00:28:07,520 Speaker 4: Indiana and then into Silverstone in the UK. So there's 499 00:28:08,240 --> 00:28:11,080 Speaker 4: it's quite a wonderful footprint and you know a lot 500 00:28:11,119 --> 00:28:12,639 Speaker 4: of people come to want to come to work for 501 00:28:12,720 --> 00:28:13,560 Speaker 4: us because of it too. 502 00:28:14,280 --> 00:28:16,359 Speaker 2: I have to say that, you know. So we saw you, 503 00:28:16,440 --> 00:28:19,359 Speaker 2: Hannah and I both saw you at Lamar at the Cadillac, 504 00:28:21,000 --> 00:28:27,600 Speaker 2: at the Cadillac station and watching that race. That was 505 00:28:27,680 --> 00:28:30,720 Speaker 2: honestly one of the best nights of my life, you know, 506 00:28:30,840 --> 00:28:35,320 Speaker 2: because you're there, and Gil West was there, and Dario 507 00:28:35,320 --> 00:28:38,200 Speaker 2: Francti was there, and we're just all hanging out like 508 00:28:38,240 --> 00:28:40,400 Speaker 2: the guys from Multi Mattic and the guys from Singer. 509 00:28:40,480 --> 00:28:41,560 Speaker 3: Watching this race through. 510 00:28:41,440 --> 00:28:45,920 Speaker 2: The night was just unbelievable, And the Cadillac sounded better 511 00:28:46,000 --> 00:28:49,360 Speaker 2: than any of the cars out there. I just loved 512 00:28:49,360 --> 00:28:54,800 Speaker 2: it so much. Next year that's the Hypercar Entry. Of course, 513 00:28:54,840 --> 00:28:58,760 Speaker 2: next year Ford is entering that. And I've always wondered, 514 00:28:59,120 --> 00:29:03,160 Speaker 2: do you ever see like Jim Farley around at these things? 515 00:29:03,280 --> 00:29:05,440 Speaker 2: How competitive are you guys? Do you guys like not 516 00:29:05,560 --> 00:29:07,640 Speaker 2: talk to each other? Does he get super mad if 517 00:29:07,640 --> 00:29:11,400 Speaker 2: you if you break his Mustang GTD nerve burgering record. 518 00:29:11,880 --> 00:29:14,520 Speaker 4: Well, you saw what he wrote, so I don't think 519 00:29:14,520 --> 00:29:16,600 Speaker 4: that was mad or what. 520 00:29:16,760 --> 00:29:19,080 Speaker 1: An he right, Mark, I didn't see it. I missed it. 521 00:29:20,600 --> 00:29:23,920 Speaker 4: You said congratulations to the Corvette team game on. 522 00:29:25,480 --> 00:29:27,160 Speaker 1: That's great, that's good. Yeah, that's good. 523 00:29:27,160 --> 00:29:28,760 Speaker 3: Good, healthy comminations, right. 524 00:29:28,840 --> 00:29:30,560 Speaker 4: I mean, that's that's what it's supposed to be. That's 525 00:29:30,560 --> 00:29:33,600 Speaker 4: what it's all about. Right. So no, of course not. 526 00:29:33,720 --> 00:29:36,640 Speaker 4: We we saw each other at role X to kick 527 00:29:36,680 --> 00:29:39,600 Speaker 4: off the race season this year. I've seen Bill Ford 528 00:29:40,360 --> 00:29:43,160 Speaker 4: in quite a few races too, so that's nice and 529 00:29:43,360 --> 00:29:47,920 Speaker 4: h it's fun because it's not like that. It's for instance, 530 00:29:47,920 --> 00:29:50,960 Speaker 4: I chair the This is not widely known, but I 531 00:29:51,040 --> 00:29:57,040 Speaker 4: chair the Henry Ford Museum Board here in Detroit, and 532 00:29:57,120 --> 00:30:01,000 Speaker 4: so you know, I'm pretty pretty active in that and 533 00:30:01,040 --> 00:30:03,440 Speaker 4: I love the place, and you know, that's our that's 534 00:30:03,480 --> 00:30:06,880 Speaker 4: our museum, and so I'm honored to do that, and 535 00:30:06,880 --> 00:30:09,320 Speaker 4: it's you know, it's got got a lot of Ford involvement, 536 00:30:09,480 --> 00:30:13,480 Speaker 4: and so you know, it's a look, we compete every 537 00:30:13,560 --> 00:30:18,160 Speaker 4: day in sales and and with our companies, but no, 538 00:30:18,600 --> 00:30:20,360 Speaker 4: it's a you know, it's a small world. 539 00:30:20,440 --> 00:30:23,040 Speaker 1: So yeah, now I gotta ask. We're going, of course 540 00:30:23,080 --> 00:30:26,800 Speaker 1: into Monterey Car Week next week, and I know Cadillac 541 00:30:26,960 --> 00:30:31,560 Speaker 1: will be there. I hear they're showing something of interest. 542 00:30:32,120 --> 00:30:33,880 Speaker 1: What can you tell us about what we're going to 543 00:30:33,880 --> 00:30:34,600 Speaker 1: see next week? 544 00:30:35,120 --> 00:30:38,959 Speaker 4: Well, it's kind of like in Chevrolet, so you'll see 545 00:30:39,800 --> 00:30:43,600 Speaker 4: see some things that are pretty pretty remarkable. 546 00:30:43,640 --> 00:30:47,080 Speaker 1: And yes I misspoke, Chevrolet, really this is this is 547 00:30:47,080 --> 00:30:49,200 Speaker 1: the point. Maybe we can we can edit that out, 548 00:30:49,200 --> 00:30:50,400 Speaker 1: but Chevrolet. 549 00:30:51,600 --> 00:30:57,120 Speaker 4: H Yeah, Chevrolet will show a nod to the future, 550 00:30:57,600 --> 00:31:01,960 Speaker 4: and the nod will be not unlike what we did 551 00:31:02,120 --> 00:31:07,360 Speaker 4: with Celestic if you if you remember, the selected Celestic 552 00:31:07,400 --> 00:31:11,400 Speaker 4: for Cadillac was actually done before the rest of the 553 00:31:11,840 --> 00:31:14,600 Speaker 4: vehicle portfolio you see today. The reason why we did 554 00:31:14,680 --> 00:31:19,680 Speaker 4: it was to precisely define what the design language was 555 00:31:19,720 --> 00:31:22,680 Speaker 4: going to be for Cadillac as we transformed the brand. 556 00:31:23,520 --> 00:31:26,240 Speaker 4: And so a lot of that Celestic, as you see, 557 00:31:27,160 --> 00:31:30,720 Speaker 4: shows up in everything from Optic to Vistic to lyric, 558 00:31:32,160 --> 00:31:35,920 Speaker 4: even the ice, the i Q, the e V i Q, 559 00:31:36,640 --> 00:31:39,040 Speaker 4: and then you see it in starting to show up 560 00:31:39,040 --> 00:31:42,120 Speaker 4: in our ice ice products for Cadillac too. So there's 561 00:31:42,160 --> 00:31:44,920 Speaker 4: a consistency of brand. And so what you'll see I 562 00:31:44,920 --> 00:31:49,720 Speaker 4: think in Pebble Beach is a really remarkable set of 563 00:31:49,800 --> 00:31:54,520 Speaker 4: cars that hint to the design language is you'll see 564 00:31:55,840 --> 00:31:58,240 Speaker 4: on some of the incredible cars that show of length. 565 00:31:58,720 --> 00:32:02,000 Speaker 1: A set I'm very much set of cars. 566 00:32:02,120 --> 00:32:04,560 Speaker 3: This is good, I'm very much looking forward. 567 00:32:05,040 --> 00:32:07,480 Speaker 1: Two future cars. Good, that's what we got out of them. 568 00:32:07,520 --> 00:32:08,120 Speaker 1: From Chevy. 569 00:32:08,240 --> 00:32:14,880 Speaker 4: Well, yeah, two concepts that we'll really have a nod 570 00:32:14,960 --> 00:32:17,040 Speaker 4: to the future. I think he'll be blown away. 571 00:32:17,560 --> 00:32:17,760 Speaker 3: Mark. 572 00:32:17,800 --> 00:32:20,600 Speaker 2: Can I ask about you know, we've talked to other 573 00:32:20,880 --> 00:32:24,440 Speaker 2: obviously GM executives and engineers on this program who kind 574 00:32:24,440 --> 00:32:28,560 Speaker 2: of shot down the idea of a Corvette SUV. But 575 00:32:28,680 --> 00:32:32,320 Speaker 2: the brand is strong enough I think you'd probably agree 576 00:32:33,080 --> 00:32:37,760 Speaker 2: to stand on its own and other you know, Lamborghini 577 00:32:37,800 --> 00:32:40,840 Speaker 2: and Portia and other sports car brands have done so 578 00:32:40,960 --> 00:32:46,520 Speaker 2: well with SUV's Ferrari. Why not make a Corvette suv. 579 00:32:46,640 --> 00:32:48,560 Speaker 2: It seems like people would buy it. 580 00:32:49,560 --> 00:32:51,960 Speaker 4: Yeah, it's hard to say that people would buy it, 581 00:32:52,280 --> 00:32:55,800 Speaker 4: to be honest, I know there's interest in it, but 582 00:32:55,840 --> 00:32:58,800 Speaker 4: there's also interest in CTSV wagons. 583 00:32:58,400 --> 00:33:02,320 Speaker 3: Right, oh yes, it's sticks right. 584 00:33:02,120 --> 00:33:04,640 Speaker 4: Right with sticks and those are I mean, I love 585 00:33:04,680 --> 00:33:07,520 Speaker 4: that stuff, I do. I just you know, it's it's 586 00:33:07,560 --> 00:33:14,560 Speaker 4: hard because Corvette is American sports car, and it's really 587 00:33:14,600 --> 00:33:19,240 Speaker 4: hard to make a derivative of that, at least right 588 00:33:19,240 --> 00:33:24,400 Speaker 4: now that that fits that. And so I think there's 589 00:33:25,000 --> 00:33:27,120 Speaker 4: there's much more to go on the c A platform 590 00:33:27,160 --> 00:33:33,120 Speaker 4: in terms of design and creating a new car, and 591 00:33:33,200 --> 00:33:36,800 Speaker 4: so I think that's really good and I just you know, 592 00:33:36,880 --> 00:33:38,920 Speaker 4: I don't want to lose what we have in terms 593 00:33:39,000 --> 00:33:41,600 Speaker 4: of a pure American sports car on it for now, 594 00:33:42,040 --> 00:33:45,840 Speaker 4: and I never say never, but it's pretty tough, you know, 595 00:33:46,480 --> 00:33:50,520 Speaker 4: because we have things like CTSVS right that are sedans 596 00:33:50,640 --> 00:33:54,560 Speaker 4: that are killer, right, and we have now the V 597 00:33:55,200 --> 00:33:59,080 Speaker 4: Lyrics right and the v Optics that are extremely fun 598 00:33:59,120 --> 00:34:02,160 Speaker 4: to drive, right, And so we've got we've got some 599 00:34:02,160 --> 00:34:07,680 Speaker 4: pretty pretty great, you know, more utility based performance vehicles 600 00:34:07,720 --> 00:34:11,520 Speaker 4: that I think uh are are are our great choices 601 00:34:11,880 --> 00:34:16,840 Speaker 4: as well. But for now, you know, Electrified with the 602 00:34:16,920 --> 00:34:19,640 Speaker 4: zero one X and the E Ray is a pretty 603 00:34:19,640 --> 00:34:21,840 Speaker 4: awesome deal that you don't have to plug in. And 604 00:34:21,880 --> 00:34:25,880 Speaker 4: then I'd say, you know, the we just announced we're 605 00:34:25,880 --> 00:34:29,000 Speaker 4: putting a new V eight into Tanawanda, and so you 606 00:34:29,040 --> 00:34:31,880 Speaker 4: know we're gonna there's gonna be some great power trains. 607 00:34:31,960 --> 00:34:32,839 Speaker 4: That's all I'm going to say. 608 00:34:33,640 --> 00:34:35,560 Speaker 1: All Right, well, that's a good, good way to end it. 609 00:34:35,600 --> 00:34:37,759 Speaker 1: We'll look forward to seeing those in the future. Of 610 00:34:37,840 --> 00:34:40,040 Speaker 1: Mark Royce, thank you so much for joining us. 611 00:34:40,080 --> 00:34:42,400 Speaker 3: Yeah, thanks for joining us, and thanks for building those things. 612 00:34:42,800 --> 00:34:44,880 Speaker 4: Thanks for having me on the show and and always 613 00:34:44,880 --> 00:34:45,840 Speaker 4: wonderful to Seaboat. 614 00:34:53,440 --> 00:34:55,280 Speaker 3: That was really cool. 615 00:34:55,920 --> 00:34:59,080 Speaker 2: Uh. Yeah, his his answer on motorsports is the best 616 00:34:59,120 --> 00:34:59,959 Speaker 2: one that I got. 617 00:35:00,760 --> 00:35:02,799 Speaker 1: I know, you know what I like about Mark. He 618 00:35:02,960 --> 00:35:06,480 Speaker 1: is plain spoken and he's diplomatic. He's not gonna tell 619 00:35:06,560 --> 00:35:09,920 Speaker 1: us what this cool uh you know world debut next 620 00:35:09,960 --> 00:35:13,160 Speaker 1: week is. He's he knows his rules, but he is 621 00:35:13,200 --> 00:35:13,880 Speaker 1: plain spoken. 622 00:35:14,320 --> 00:35:16,080 Speaker 2: I'm looking to speak to it. There's gonna be so 623 00:35:16,120 --> 00:35:17,360 Speaker 2: many cool things at Monterey. 624 00:35:17,440 --> 00:35:19,400 Speaker 3: You're so lucky. When are you actually gonna go? 625 00:35:20,280 --> 00:35:24,239 Speaker 1: I will be driving up to Monterey next Wednesday. I'll 626 00:35:24,280 --> 00:35:28,840 Speaker 1: be driving in Mercedes SL my bock. 627 00:35:29,400 --> 00:35:34,640 Speaker 2: Wo yes, so the l I guess that's a convertible, right. 628 00:35:34,719 --> 00:35:37,840 Speaker 1: Yes, yeah, I'll be looking forward to seeing how that goes. 629 00:35:38,800 --> 00:35:42,120 Speaker 1: But yeah, going up Wednesday, and there are so many 630 00:35:42,160 --> 00:35:45,480 Speaker 1: debuts happening. I know you've sent a few that you're 631 00:35:45,520 --> 00:35:47,360 Speaker 1: excited about, Matt. 632 00:35:47,600 --> 00:35:50,000 Speaker 2: Well, I mean I'm excited about the you know, I 633 00:35:50,080 --> 00:35:54,280 Speaker 2: always like the kind of after market Seema show Winners 634 00:35:54,320 --> 00:35:57,120 Speaker 2: and Ring Brothers is going to show an aston Martin 635 00:35:57,160 --> 00:35:58,160 Speaker 2: that I'm super pumped up. 636 00:35:58,239 --> 00:36:01,319 Speaker 1: That's going to be very cool. That's gonna be a SL. 637 00:36:01,120 --> 00:36:04,920 Speaker 2: Stands for sport light. Right, Yes, that's the idea, is it? 638 00:36:05,040 --> 00:36:05,759 Speaker 2: You think still that. 639 00:36:07,200 --> 00:36:11,800 Speaker 1: No, No, I don't think so. You know, I drove 640 00:36:11,920 --> 00:36:15,280 Speaker 1: the new modern Essa that they launched I think twenty 641 00:36:15,320 --> 00:36:17,480 Speaker 1: twenty three, and this is the my Box version, which 642 00:36:17,560 --> 00:36:19,840 Speaker 1: is going to be heavier. Surely, surely it's going to 643 00:36:19,880 --> 00:36:23,280 Speaker 1: be heavier, but we don't care. It's going to be awesome. 644 00:36:23,600 --> 00:36:25,600 Speaker 2: Well, last time you drove to Monterey, you were in 645 00:36:25,600 --> 00:36:27,000 Speaker 2: the Lamborghini Rev welto. 646 00:36:27,360 --> 00:36:31,920 Speaker 1: Yeah, that was a steep, steep, stiff kick in the 647 00:36:31,960 --> 00:36:33,359 Speaker 1: pants with a ticket on that. 648 00:36:33,760 --> 00:36:37,600 Speaker 2: Hopefully four ticket, plus you hired a lawyer, plus you 649 00:36:37,640 --> 00:36:38,280 Speaker 2: got points. 650 00:36:38,920 --> 00:36:41,360 Speaker 1: The lawyer couldn't even get me off. He couldn't, he 651 00:36:41,400 --> 00:36:43,920 Speaker 1: didn't get it reduced. He was kind of worthless in 652 00:36:43,960 --> 00:36:48,400 Speaker 1: the end. Actually that was a mistake, I know. So please, 653 00:36:49,120 --> 00:36:52,680 Speaker 1: I'm going to be on my best behavior on next Wednesday. 654 00:36:52,719 --> 00:36:55,400 Speaker 1: I'm going to be just driving like a grandma. 655 00:36:55,840 --> 00:36:56,880 Speaker 3: So you go Wednesday. 656 00:36:56,920 --> 00:37:00,200 Speaker 2: What are the things you're most looking forward to? It's 657 00:37:00,200 --> 00:37:03,320 Speaker 2: a what whole week of events? You stay until Monday Tuesday? 658 00:37:03,320 --> 00:37:07,200 Speaker 1: What I'm gonna you know what? I may drive back 659 00:37:07,280 --> 00:37:10,920 Speaker 1: on Sunday right after the concre or Monday morning. It 660 00:37:11,000 --> 00:37:13,839 Speaker 1: kind of depends on how Sunday goes and how how 661 00:37:13,880 --> 00:37:19,359 Speaker 1: tired and sunburned and hungover, I am after that. But yeah, 662 00:37:19,400 --> 00:37:23,440 Speaker 1: you know, there's the Motorlex Gala that Haggardy throws on 663 00:37:23,520 --> 00:37:26,640 Speaker 1: Wednesday night, which will be really cool and which anyone 664 00:37:26,640 --> 00:37:28,959 Speaker 1: who saw my stained glass piece on this really cool 665 00:37:29,000 --> 00:37:32,160 Speaker 1: fabricator who's putting stained glass windows in air cooled nine 666 00:37:32,200 --> 00:37:34,480 Speaker 1: to eleven's he will be showing some of his art 667 00:37:34,520 --> 00:37:37,160 Speaker 1: at the Motorlex Galus. So I'm excited about that Wednesday night, 668 00:37:38,080 --> 00:37:41,200 Speaker 1: and then that the broad Arrow auction is also Wednesday night, 669 00:37:41,280 --> 00:37:44,640 Speaker 1: that's a Haggarty event. And then throughout the week I'm 670 00:37:44,760 --> 00:37:47,440 Speaker 1: I actually am very excited to go to you know, 671 00:37:47,480 --> 00:37:50,239 Speaker 1: the RM auctions, the Good and Christie's auctions, just because 672 00:37:50,280 --> 00:37:52,960 Speaker 1: you know, we love talking about what cars we buy, 673 00:37:53,080 --> 00:37:56,160 Speaker 1: what's the market doing, so I'm really excited about that. 674 00:37:56,200 --> 00:37:58,799 Speaker 1: Of course, the Quail on Friday is where all of 675 00:37:58,800 --> 00:38:01,520 Speaker 1: the news and the debuts will be happening. I am 676 00:38:01,920 --> 00:38:07,440 Speaker 1: very excited now, I admit I've seen what Chevrolet will 677 00:38:07,480 --> 00:38:09,759 Speaker 1: be showing on Friday, and I'm excited for the world 678 00:38:09,840 --> 00:38:12,160 Speaker 1: to see. I can't say what it is because it's 679 00:38:12,239 --> 00:38:15,440 Speaker 1: under embargo, but I'm excited to see that car in 680 00:38:15,440 --> 00:38:19,680 Speaker 1: real life, and that day will be full of interviews 681 00:38:19,719 --> 00:38:23,080 Speaker 1: with executives, kind of like our conversation with Mark True. 682 00:38:23,120 --> 00:38:26,080 Speaker 2: I have an interview on that day with the CEO 683 00:38:26,120 --> 00:38:30,880 Speaker 2: of Lamborghini and an interview the CEO of Bentley Adrian. 684 00:38:31,120 --> 00:38:32,960 Speaker 2: But they'll be but I'm going to be back here 685 00:38:32,960 --> 00:38:35,160 Speaker 2: in New York in the studio and they're going to 686 00:38:35,200 --> 00:38:37,440 Speaker 2: be live via satellite on my show. 687 00:38:37,680 --> 00:38:41,320 Speaker 1: Well that's better than nothing. And actually we have Sandra Button, 688 00:38:41,400 --> 00:38:44,360 Speaker 1: the chairman of Pebble Beach Concor, coming on TV today 689 00:38:44,760 --> 00:38:49,200 Speaker 1: to talk with Carol and Jess. So that's everyone's looking 690 00:38:49,239 --> 00:38:50,879 Speaker 1: forward to it. I think it'll be a great time. 691 00:38:51,840 --> 00:38:54,840 Speaker 1: I'm also going to be driving in the Pebble Beach Tour, 692 00:38:54,880 --> 00:38:57,000 Speaker 1: which will be really fun, which is on Thursday morning, 693 00:38:57,360 --> 00:39:00,000 Speaker 1: and that's when all of the show cars have to drive. 694 00:39:00,040 --> 00:39:02,719 Speaker 1: I have an actual route down the highway to sort 695 00:39:02,719 --> 00:39:06,319 Speaker 1: of prove that they're roadworthy, that they can actually drive. 696 00:39:06,760 --> 00:39:09,920 Speaker 2: All right, I'm looking I'm looking forward to it, and 697 00:39:10,640 --> 00:39:13,760 Speaker 2: we will you and I will talk with Jim Farley, 698 00:39:13,920 --> 00:39:18,120 Speaker 2: the CEO of Ford from from Pebble Beach. That'll be 699 00:39:18,400 --> 00:39:21,759 Speaker 2: That'll be our hot pursuit addition for next week. So 700 00:39:22,640 --> 00:39:27,080 Speaker 2: have a fantastic weekend and week, and I look forward 701 00:39:27,080 --> 00:39:28,120 Speaker 2: to talking to you again next week. 702 00:39:29,120 --> 00:39:31,600 Speaker 1: I'm Matt Miller, and I'm Hannah Elliott and dis Is 703 00:39:31,640 --> 00:39:32,160 Speaker 1: Bloomberg