1 00:00:02,480 --> 00:00:10,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. I'm Hannah Elliott and 2 00:00:10,400 --> 00:00:11,080 Speaker 1: I'm Matt Miller. 3 00:00:11,240 --> 00:00:12,680 Speaker 2: This is Hot Pursuit. 4 00:00:17,280 --> 00:00:18,959 Speaker 1: I'm Hannah Elliott and. 5 00:00:18,880 --> 00:00:19,600 Speaker 3: I'm Matt Miller. 6 00:00:19,760 --> 00:00:21,240 Speaker 2: This is Hot Pursuit. 7 00:00:22,239 --> 00:00:25,239 Speaker 1: Coming up on today's podcast, we have got the head 8 00:00:25,360 --> 00:00:28,920 Speaker 1: of SEEMA with us and the head of the American 9 00:00:29,400 --> 00:00:32,400 Speaker 1: f i A delegation. Am I saying that right? 10 00:00:32,440 --> 00:00:32,720 Speaker 4: Matt? 11 00:00:33,880 --> 00:00:36,919 Speaker 5: Yes, I believe it's the mobility uh section of the 12 00:00:37,040 --> 00:00:40,040 Speaker 5: f i A. But yeah, Mike Stagnolo joins us, and 13 00:00:41,520 --> 00:00:46,040 Speaker 5: I am a huge fan of aftermarket modding. 14 00:00:46,560 --> 00:00:49,200 Speaker 2: I mean, you know, nothing serious, but. 15 00:00:49,240 --> 00:00:52,720 Speaker 5: Like as soon as I get a bike, I'll change 16 00:00:52,760 --> 00:00:53,960 Speaker 5: the cams. 17 00:00:53,720 --> 00:01:00,920 Speaker 1: Or you got an exhaust for the. 18 00:01:00,800 --> 00:01:03,840 Speaker 5: My BMW want to change. Yeah, it's the trim and 19 00:01:04,440 --> 00:01:08,160 Speaker 5: we have to make an exhaust for it. Yes, exactly so. 20 00:01:08,640 --> 00:01:10,720 Speaker 5: And also I really want to go to the SEMA 21 00:01:10,959 --> 00:01:11,440 Speaker 5: Car Show. 22 00:01:12,040 --> 00:01:13,039 Speaker 2: I've never been to it. 23 00:01:13,040 --> 00:01:16,760 Speaker 1: It is your spiritual home. I think you if you go, 24 00:01:16,840 --> 00:01:20,560 Speaker 1: you will never leave. I think more than anything, this 25 00:01:20,640 --> 00:01:24,800 Speaker 1: is truly you. Your mind will explode. It is it's 26 00:01:24,800 --> 00:01:28,680 Speaker 1: really intense. It's it's ninety nine percent men. I know 27 00:01:28,760 --> 00:01:32,440 Speaker 1: we talked with Mike about women, but it's a it's 28 00:01:32,840 --> 00:01:33,920 Speaker 1: bro heavy. 29 00:01:35,120 --> 00:01:35,479 Speaker 4: Let me. 30 00:01:37,160 --> 00:01:40,240 Speaker 1: Yeah, I know, this is your wheelhouse, That's what I'm saying. 31 00:01:42,959 --> 00:01:47,319 Speaker 1: Not the problem at all. Yeah, No, it's great. It's great, 32 00:01:47,319 --> 00:01:50,080 Speaker 1: and it's very inspiring. You know, you got people who 33 00:01:50,160 --> 00:01:52,720 Speaker 1: have worked for years on the things that they're displaying there. 34 00:01:52,720 --> 00:01:53,360 Speaker 1: It's very cool. 35 00:01:54,320 --> 00:01:56,520 Speaker 5: Yeah, that's that's what I really am going to get 36 00:01:56,560 --> 00:02:02,400 Speaker 5: into because I for many years I was trying to 37 00:02:02,760 --> 00:02:07,600 Speaker 5: modify my Ducati Monsters with rear sets that made it 38 00:02:07,640 --> 00:02:10,760 Speaker 5: possible for a guy with super long legs to ride, 39 00:02:10,800 --> 00:02:14,560 Speaker 5: you know, and there just aren't very many choices out 40 00:02:14,600 --> 00:02:15,480 Speaker 5: there for people who. 41 00:02:15,400 --> 00:02:16,040 Speaker 2: Want it taller. 42 00:02:16,080 --> 00:02:19,399 Speaker 5: Everybody wants rear sets that are higher because they want 43 00:02:19,400 --> 00:02:23,280 Speaker 5: to be race guys, right, And I always think about 44 00:02:23,320 --> 00:02:25,920 Speaker 5: making them myself, but in order to make it work financially, 45 00:02:25,960 --> 00:02:29,920 Speaker 5: you got to make like thirty or eighty, you know, 46 00:02:30,280 --> 00:02:34,200 Speaker 5: to sell some of them. I never really have gotten 47 00:02:34,200 --> 00:02:36,280 Speaker 5: that far down the rabbit hole, but maybe I would. 48 00:02:36,440 --> 00:02:39,680 Speaker 2: Maybe I would. Well, you know what else do we have? 49 00:02:39,720 --> 00:02:43,600 Speaker 2: What else? Well, you've got a story on this terminal. 50 00:02:43,760 --> 00:02:48,160 Speaker 1: Yes, it's kind of about how Eve's killed the Halo car. 51 00:02:48,400 --> 00:02:51,200 Speaker 1: The headline is that Portia and other luxury car icons 52 00:02:51,240 --> 00:02:54,520 Speaker 1: are losing appeal in China. But really the story is 53 00:02:54,560 --> 00:03:00,520 Speaker 1: about how EV's and ev dreams in China really have 54 00:03:00,880 --> 00:03:04,600 Speaker 1: had quite a cooling effect on the halo cars. And 55 00:03:04,760 --> 00:03:08,040 Speaker 1: you know, as you know, halo cars aren't just any supercar. 56 00:03:08,200 --> 00:03:10,519 Speaker 1: They're not just a sports car. It's a very specific 57 00:03:11,040 --> 00:03:14,600 Speaker 1: but also vague kind of car that used to be 58 00:03:14,720 --> 00:03:18,840 Speaker 1: really prevalent. I mean, every major automaker would have a 59 00:03:18,880 --> 00:03:21,880 Speaker 1: halo car. Obviously, the halo is what brings people into 60 00:03:21,919 --> 00:03:26,000 Speaker 1: the brand, brings people into the showroom. But this piece 61 00:03:26,080 --> 00:03:29,000 Speaker 1: kind of looks at why we don't really see I mean, 62 00:03:29,040 --> 00:03:33,040 Speaker 1: Audi just had their new Halo, the new Voalai. That 63 00:03:33,200 --> 00:03:36,520 Speaker 1: is maybe an outlier these days, right. 64 00:03:36,480 --> 00:03:40,120 Speaker 5: I guess in part because people don't always go to 65 00:03:40,200 --> 00:03:41,400 Speaker 5: the showroom anymore. 66 00:03:42,480 --> 00:03:44,440 Speaker 1: You have everything you need to see you can see 67 00:03:44,800 --> 00:03:47,080 Speaker 1: on social media now you don't even need it. You 68 00:03:47,080 --> 00:03:48,480 Speaker 1: don't even need to go to buy it. 69 00:03:49,560 --> 00:03:50,600 Speaker 2: I don't think I've. 70 00:03:51,880 --> 00:03:54,480 Speaker 5: Bought a car from a showroom since like twenty ten. 71 00:03:55,560 --> 00:03:58,560 Speaker 1: Yeah, I totally believe it. And the other thing too, 72 00:03:58,760 --> 00:04:02,640 Speaker 1: is I kind of think Tesla had a really big 73 00:04:03,240 --> 00:04:06,920 Speaker 1: part to play in this cooling effect of halo cars 74 00:04:06,960 --> 00:04:11,280 Speaker 1: because when Tesla came out with ludicrous mode. That basically 75 00:04:11,360 --> 00:04:16,039 Speaker 1: meant any grocery getter, Sedan, Tesla or EV for that matter, 76 00:04:16,040 --> 00:04:19,960 Speaker 1: because it's it's set a precedent could embarrass a Lamborghini 77 00:04:20,240 --> 00:04:24,760 Speaker 1: in a drag race. Speed became a commodity, and speed 78 00:04:24,839 --> 00:04:28,279 Speaker 1: no longer, you know, was reserved only for supercars and 79 00:04:28,320 --> 00:04:33,440 Speaker 1: Halo cars and the top sports cars. Speed now is everywhere, 80 00:04:33,920 --> 00:04:37,480 Speaker 1: and that kind of meant in a way, it became 81 00:04:37,560 --> 00:04:38,280 Speaker 1: less special. 82 00:04:40,680 --> 00:04:44,359 Speaker 6: So it is true, yeah, yeah, yeah, but doesn't it 83 00:04:44,400 --> 00:04:48,640 Speaker 6: make some other aspects of car ownership or usage more special? 84 00:04:48,680 --> 00:04:56,120 Speaker 6: I mean, do you such as think that authenticity, you know, heritage? 85 00:04:56,640 --> 00:05:00,839 Speaker 1: Apparently this is this is the interest. This is the 86 00:05:00,960 --> 00:05:05,839 Speaker 1: interesting thing. You know, Chinese buyers really care about the 87 00:05:05,920 --> 00:05:11,120 Speaker 1: latest technology, about AI and about you know, whether they 88 00:05:11,120 --> 00:05:13,120 Speaker 1: feel they're getting an affordable car. And the thing is, 89 00:05:13,200 --> 00:05:15,599 Speaker 1: China's crack that code. So now you have all these 90 00:05:15,640 --> 00:05:19,599 Speaker 1: domestic to China automakers that are making these things that 91 00:05:19,680 --> 00:05:23,039 Speaker 1: Chinese buyers are buying, and all of a sudden, you know, 92 00:05:23,480 --> 00:05:27,960 Speaker 1: all of the German and Western brands are really struggling 93 00:05:28,320 --> 00:05:33,479 Speaker 1: to compete. It's been interesting to watch it happen. 94 00:05:34,560 --> 00:05:40,799 Speaker 2: So the main message of this story really is China. 95 00:05:41,560 --> 00:05:45,719 Speaker 5: Like, wherever China goes, there goes the global car market. 96 00:05:45,960 --> 00:05:46,159 Speaker 4: Right. 97 00:05:46,160 --> 00:05:47,680 Speaker 1: You could say that. I think you could say that 98 00:05:48,080 --> 00:05:51,200 Speaker 1: at this point. My big question is, and I don't 99 00:05:51,360 --> 00:05:53,560 Speaker 1: that's a great point, Matt, I don't say it in 100 00:05:53,600 --> 00:05:56,359 Speaker 1: this piece, but when are we going to see Chinese 101 00:05:56,400 --> 00:05:58,559 Speaker 1: cars in the US. That would have been a question 102 00:05:58,600 --> 00:06:02,840 Speaker 1: for Mike, because do you think it's only a matter 103 00:06:02,880 --> 00:06:03,920 Speaker 1: of time or do you think never? 104 00:06:04,000 --> 00:06:08,680 Speaker 5: Never, never, No, definitely, I mean we already have in 105 00:06:08,720 --> 00:06:10,279 Speaker 5: the Pollstars. 106 00:06:09,640 --> 00:06:14,880 Speaker 1: And in the US. But that's great. 107 00:06:15,160 --> 00:06:17,000 Speaker 2: I saw that, but. 108 00:06:18,880 --> 00:06:22,040 Speaker 5: You can see it seeping in here and there, and 109 00:06:22,240 --> 00:06:27,920 Speaker 5: at some point an American consumer, especially in southern California, 110 00:06:28,640 --> 00:06:32,600 Speaker 5: is going to have experienced fantastic Chinese products on vacation 111 00:06:32,680 --> 00:06:37,080 Speaker 5: in Mexico and see the price tags so much lower 112 00:06:37,120 --> 00:06:41,320 Speaker 5: than US automobiles and just demand it. I mean, why 113 00:06:41,560 --> 00:06:44,520 Speaker 5: do you Why would we force our own consumers to 114 00:06:44,560 --> 00:06:47,440 Speaker 5: pay thirty or forty or fifty thousand dollars to buy 115 00:06:47,520 --> 00:06:52,200 Speaker 5: a Korean car when the consumers here could spend twenty 116 00:06:52,240 --> 00:06:55,440 Speaker 5: thousand dollars for a better product just because we don't 117 00:06:55,480 --> 00:06:56,880 Speaker 5: like China. 118 00:06:57,720 --> 00:07:01,640 Speaker 1: Correct. And also, let's not Forget is also selling buses 119 00:07:01,680 --> 00:07:05,239 Speaker 1: here already. There are fleets of fleets of BYD buses 120 00:07:05,560 --> 00:07:08,279 Speaker 1: in the US operational I guess I don't know if 121 00:07:08,279 --> 00:07:12,880 Speaker 1: they're actually selling them here, but they are operating here already, right. 122 00:07:13,480 --> 00:07:17,559 Speaker 5: Yeah, So I mean I imagine it'll come, not during 123 00:07:17,560 --> 00:07:24,360 Speaker 5: this administration, but at some point, like a pragmatic economist 124 00:07:24,680 --> 00:07:29,120 Speaker 5: is going to run the country and uh, and we'll 125 00:07:29,120 --> 00:07:32,680 Speaker 5: all be we'll all be given freedom of choice. But 126 00:07:32,840 --> 00:07:33,960 Speaker 5: not now, obviously. 127 00:07:34,320 --> 00:07:36,400 Speaker 1: Now, Matt, I have to change a subject because I 128 00:07:36,440 --> 00:07:40,280 Speaker 1: just remembered you've had a baby. We should have start. Oh, yes, 129 00:07:40,440 --> 00:07:43,800 Speaker 1: top the top. This is the most important thing I did. 130 00:07:44,000 --> 00:07:47,240 Speaker 5: We made a new one, and thank you very much. 131 00:07:47,280 --> 00:07:51,840 Speaker 5: Little Freddie is here so happy. Uh And yeah, you 132 00:07:51,880 --> 00:07:55,680 Speaker 5: know I got I had purchased this VMW specifically for 133 00:07:55,720 --> 00:07:59,320 Speaker 5: that purpose. But then my wife said the suspension is 134 00:07:59,360 --> 00:08:03,720 Speaker 5: too stiff and we had to take Yeah, she said 135 00:08:03,720 --> 00:08:07,280 Speaker 5: it's too low and the suspension was too stiff to 136 00:08:07,360 --> 00:08:09,880 Speaker 5: take her to the hospital in it no way. We 137 00:08:11,320 --> 00:08:14,200 Speaker 5: took the Mercedes GLS instead, which turned out to be 138 00:08:14,280 --> 00:08:15,960 Speaker 5: a great choice for the trip. 139 00:08:16,320 --> 00:08:19,080 Speaker 1: You know, I did not know that. That's really funny. 140 00:08:19,640 --> 00:08:22,440 Speaker 1: That's yeah, I mean, Mary, you knows what she wants 141 00:08:22,800 --> 00:08:26,280 Speaker 1: and what she needs exactly. Got to respect that. So 142 00:08:26,320 --> 00:08:26,840 Speaker 1: that's great. 143 00:08:27,880 --> 00:08:29,800 Speaker 5: But yeah, I've had card the kids around in my 144 00:08:29,880 --> 00:08:31,760 Speaker 5: new car. I've been carding them around right now in 145 00:08:31,760 --> 00:08:34,720 Speaker 5: an M five, And I won't talk too much about 146 00:08:34,760 --> 00:08:37,000 Speaker 5: it because I want to wait until you have a 147 00:08:37,080 --> 00:08:40,520 Speaker 5: chance next week to drive, because you just got your 148 00:08:40,640 --> 00:08:41,680 Speaker 5: M two, right I just. 149 00:08:41,559 --> 00:08:43,480 Speaker 1: Got the M two delivered to the house. I haven't 150 00:08:43,480 --> 00:08:46,160 Speaker 1: even seen it because i'm at the newsroom right now, 151 00:08:46,160 --> 00:08:48,840 Speaker 1: but I'm very excited to drive it over the holiday weekend, 152 00:08:49,160 --> 00:08:51,079 Speaker 1: and then after that, I'm also getting the M five. 153 00:08:51,559 --> 00:08:53,600 Speaker 1: So we're gonna have a lot to talk about in 154 00:08:53,640 --> 00:08:54,760 Speaker 1: BMW lands. 155 00:08:54,520 --> 00:08:56,880 Speaker 2: A lot of exactly, and we have the new X 156 00:08:56,920 --> 00:08:57,800 Speaker 2: five to talk about. 157 00:08:57,880 --> 00:08:59,720 Speaker 1: Let's discuss. 158 00:09:00,000 --> 00:09:00,920 Speaker 2: I hated quite a stir. 159 00:09:02,040 --> 00:09:05,000 Speaker 1: What's your What was your knee jerk reaction when you 160 00:09:05,080 --> 00:09:05,520 Speaker 1: saw it? 161 00:09:06,440 --> 00:09:11,720 Speaker 5: My knee jerk reaction. The first picture I saw was 162 00:09:11,960 --> 00:09:14,680 Speaker 5: very positive. I was like, Oh, I really like the 163 00:09:14,720 --> 00:09:17,760 Speaker 5: way that looks. But you know what, I'll say, I 164 00:09:17,800 --> 00:09:21,199 Speaker 5: felt the same way about the M two When this 165 00:09:21,280 --> 00:09:24,000 Speaker 5: new M two came out and everybody else hated it 166 00:09:24,520 --> 00:09:28,000 Speaker 5: for some reason, I just like the blockie design on 167 00:09:28,040 --> 00:09:30,199 Speaker 5: the new X five. I like the two thousand and 168 00:09:30,240 --> 00:09:32,479 Speaker 5: two kidneys. 169 00:09:33,000 --> 00:09:35,319 Speaker 2: I think the X headlights are cool. 170 00:09:35,360 --> 00:09:38,440 Speaker 1: I think the X headlights are super cool. I love those. 171 00:09:38,440 --> 00:09:39,199 Speaker 1: Those are awesome. 172 00:09:40,200 --> 00:09:41,520 Speaker 2: But you don't love the look. 173 00:09:42,920 --> 00:09:45,280 Speaker 1: I need to see this is my qualifiers. I need 174 00:09:45,320 --> 00:09:47,920 Speaker 1: to see it in real life, of course. Okay, my 175 00:09:48,040 --> 00:09:55,040 Speaker 1: knee jerk was what it seems really it seems incredibly 176 00:09:55,080 --> 00:09:58,199 Speaker 1: out of proportion. Also, I feel like I have whiplash 177 00:09:58,320 --> 00:10:02,480 Speaker 1: now because we've gone from these huge beaver teeth grills 178 00:10:02,640 --> 00:10:04,640 Speaker 1: and now all of a sudden, we're getting whiplash and 179 00:10:04,679 --> 00:10:09,280 Speaker 1: it's like a micro grill. Yeah, on something this big, 180 00:10:09,360 --> 00:10:13,600 Speaker 1: it looks like a tiny it's it doesn't necessarily seem 181 00:10:13,880 --> 00:10:19,080 Speaker 1: in proportion to the rest. And also the black space 182 00:10:19,679 --> 00:10:23,800 Speaker 1: below we have those tiny, little, tiny little girls, and 183 00:10:23,840 --> 00:10:28,800 Speaker 1: then we have these gaping air vents, but also that 184 00:10:28,840 --> 00:10:33,760 Speaker 1: are emphasized by just black I think plastic all around 185 00:10:33,800 --> 00:10:37,480 Speaker 1: them to make them look even bigger. Why would you 186 00:10:37,800 --> 00:10:41,920 Speaker 1: emphasize that It's. 187 00:10:41,679 --> 00:10:43,200 Speaker 3: I don't know. 188 00:10:43,280 --> 00:10:46,359 Speaker 5: I think I think that part depends on the powertrain 189 00:10:46,440 --> 00:10:49,400 Speaker 5: you get, And it's pretty interesting that you can now 190 00:10:49,559 --> 00:10:53,640 Speaker 5: choose from six power trains on an X five. 191 00:10:53,520 --> 00:10:56,440 Speaker 2: And by the way, I'm not I'll. 192 00:10:55,720 --> 00:10:58,600 Speaker 5: Bet it's gonna be more because you can choose a 193 00:10:58,760 --> 00:11:01,880 Speaker 5: gas powertrain, but there you'll have the choice of at 194 00:11:02,000 --> 00:11:05,520 Speaker 5: least an inline six or a V eight's. You can 195 00:11:05,600 --> 00:11:10,040 Speaker 5: choose a mild hybrid power train, so I'm guessing that'll 196 00:11:10,080 --> 00:11:15,440 Speaker 5: be the in line six with electric help, and you 197 00:11:15,440 --> 00:11:19,280 Speaker 5: can choose a plug in hybrid. You can choose a 198 00:11:19,360 --> 00:11:26,000 Speaker 5: full electric vehicle, or you can choose fuel cell hydrogen 199 00:11:26,000 --> 00:11:29,040 Speaker 5: fuel cell, and they'll have a diesel version, probably not 200 00:11:29,120 --> 00:11:31,480 Speaker 5: for this market, but for other places in the world. 201 00:11:31,559 --> 00:11:35,360 Speaker 5: So that's seven power choices. 202 00:11:35,760 --> 00:11:36,160 Speaker 2: Yeah. 203 00:11:36,440 --> 00:11:37,959 Speaker 1: Yeah, it's gonna be really cool. 204 00:11:39,080 --> 00:11:39,959 Speaker 2: Yeah, very cool. 205 00:11:40,000 --> 00:11:43,920 Speaker 1: It does seem like this is now reading. This is 206 00:11:44,000 --> 00:11:49,520 Speaker 1: BMW reading the room, which is that people just want options, right, Yeah, 207 00:11:49,559 --> 00:11:51,400 Speaker 1: for sure, don't tell us what we have, and they 208 00:11:51,400 --> 00:11:52,720 Speaker 1: can offer give us an. 209 00:11:52,600 --> 00:11:55,440 Speaker 2: Option, yep, And they can offer options for now. 210 00:11:55,720 --> 00:11:59,320 Speaker 5: I will say that although I love the exterior and 211 00:11:59,360 --> 00:12:01,720 Speaker 5: I can understand and why it's shocking to some because 212 00:12:01,720 --> 00:12:03,880 Speaker 5: it doesn't really look like an X five, It looks 213 00:12:03,960 --> 00:12:11,240 Speaker 5: like a tall station wagon, but the interior is less 214 00:12:11,520 --> 00:12:15,760 Speaker 5: my style. There's no longer gauges in front of the 215 00:12:15,760 --> 00:12:20,200 Speaker 5: steering wheel and for this to be the ultimate driving machine, 216 00:12:20,800 --> 00:12:24,520 Speaker 5: I want to see gauges in front of me showing 217 00:12:24,559 --> 00:12:28,120 Speaker 5: my speed and the engine speed. But it's got this 218 00:12:28,320 --> 00:12:32,200 Speaker 5: like some kind of new peripheral technology where it's way 219 00:12:32,320 --> 00:12:34,640 Speaker 5: up above the dash it goes all the way across 220 00:12:34,679 --> 00:12:39,240 Speaker 5: the car. There's no more BMWi drive system, which I 221 00:12:39,320 --> 00:12:40,959 Speaker 5: absolutely loved the eye drive. 222 00:12:41,679 --> 00:12:44,679 Speaker 1: Here's something that worries me a little bit. And this 223 00:12:44,760 --> 00:12:48,560 Speaker 1: is in keeping with your assessment of what's going on 224 00:12:48,880 --> 00:12:55,000 Speaker 1: above the dashboard. This car already looks like the front 225 00:12:55,320 --> 00:12:58,360 Speaker 1: third is extremely high, like. 226 00:12:58,840 --> 00:12:59,840 Speaker 3: Up not up. 227 00:13:00,320 --> 00:13:02,360 Speaker 1: Maybe it's just the photo I'm looking at, but it 228 00:13:02,440 --> 00:13:04,880 Speaker 1: looks like there's a lot. It's high. 229 00:13:04,920 --> 00:13:05,439 Speaker 2: It looks high. 230 00:13:05,480 --> 00:13:08,640 Speaker 1: It's an suv, it's high. So you have that height 231 00:13:08,720 --> 00:13:11,680 Speaker 1: on top of Now we're adding things on top of 232 00:13:11,720 --> 00:13:15,600 Speaker 1: the dashboard. What does that do to visibility directly in 233 00:13:15,720 --> 00:13:19,120 Speaker 1: front of the vehicle? And is this another example of 234 00:13:19,440 --> 00:13:22,720 Speaker 1: the arms race happening on American highways where everyone's just 235 00:13:22,760 --> 00:13:28,000 Speaker 1: getting matt these huge, massive vehicles and you can't see. 236 00:13:29,200 --> 00:13:31,360 Speaker 5: I honestly don't think it's going to be as I 237 00:13:31,400 --> 00:13:34,480 Speaker 5: don't think you're right about the trend. 238 00:13:34,920 --> 00:13:37,120 Speaker 2: I don't think this x five is going to be 239 00:13:37,160 --> 00:13:38,440 Speaker 2: as tall as you think it is. 240 00:13:39,760 --> 00:13:42,880 Speaker 1: That's fair maybe, but I need to stand but. 241 00:13:42,960 --> 00:13:45,480 Speaker 2: It well, we'll have to see it in person. I 242 00:13:45,520 --> 00:13:47,000 Speaker 2: have Neither one of us really knows, right, But. 243 00:13:48,600 --> 00:13:53,600 Speaker 5: You see increasingly a trend where there's a camera button 244 00:13:54,080 --> 00:13:56,880 Speaker 5: or you can dig into your digital screen and turn 245 00:13:56,920 --> 00:14:00,000 Speaker 5: on a camera that looks in front of you, right, 246 00:14:00,960 --> 00:14:04,840 Speaker 5: I mean I have that car. No, you may not 247 00:14:04,920 --> 00:14:08,360 Speaker 5: want to, but I had one back when I got 248 00:14:08,400 --> 00:14:12,400 Speaker 5: my F one fifty and twenty fourteen. So as these 249 00:14:13,559 --> 00:14:16,280 Speaker 5: vehicles get taller and bigger and you have less of 250 00:14:16,320 --> 00:14:18,760 Speaker 5: a view of the curb in front of you, you know, 251 00:14:18,800 --> 00:14:20,640 Speaker 5: if you're parking, for example, this is what you can 252 00:14:20,680 --> 00:14:21,320 Speaker 5: hit that button. 253 00:14:21,680 --> 00:14:23,400 Speaker 2: Yeah, and then you can see how close it is. 254 00:14:26,680 --> 00:14:27,000 Speaker 1: Hmmm. 255 00:14:28,040 --> 00:14:29,680 Speaker 2: I'll be excited to drive it. I think. 256 00:14:29,680 --> 00:14:33,160 Speaker 5: In terms of the exterior, like that they sort of 257 00:14:33,240 --> 00:14:34,520 Speaker 5: hit hit have hit a reset. 258 00:14:34,760 --> 00:14:35,360 Speaker 4: The grills were. 259 00:14:35,320 --> 00:14:37,960 Speaker 5: Getting bigger and bigger than they're back too. 260 00:14:38,600 --> 00:14:41,480 Speaker 1: They definitely didn't you say this remind you of the 261 00:14:41,520 --> 00:14:45,520 Speaker 1: two thousand and two Yes, exactly, Yeah it does, and 262 00:14:45,560 --> 00:14:46,720 Speaker 1: that was a tiny. 263 00:14:48,560 --> 00:14:49,119 Speaker 2: Yeah. 264 00:14:49,240 --> 00:14:52,200 Speaker 5: The interior has gotten more and more digital and more 265 00:14:52,240 --> 00:14:55,200 Speaker 5: and more screeny and less and less buttony, and I 266 00:14:55,240 --> 00:14:58,040 Speaker 5: think that it will be reset as well. I'll bet 267 00:14:58,120 --> 00:15:01,160 Speaker 5: you that the next generation of this has far more 268 00:15:01,200 --> 00:15:05,200 Speaker 5: physical buttons and controls and fewer screeniness. 269 00:15:05,200 --> 00:15:07,280 Speaker 1: We've seen We've seen that at Porscha, We've seen that 270 00:15:07,320 --> 00:15:10,680 Speaker 1: at Ferrari. They're already dialing back on the buttons, no 271 00:15:10,760 --> 00:15:14,960 Speaker 1: pun intended. So yeah, I thank god someone's listening to everyone. Gripe. 272 00:15:15,280 --> 00:15:20,400 Speaker 1: It's good. The color of the launch this launch color, 273 00:15:20,680 --> 00:15:22,160 Speaker 1: it's like, I don't know if you're seeing it, but 274 00:15:22,240 --> 00:15:25,960 Speaker 1: on the official BMW website it's like a gray green. 275 00:15:26,240 --> 00:15:28,560 Speaker 1: It's kind of cool. Would look great on. 276 00:15:30,160 --> 00:15:34,080 Speaker 2: I like new and different colors, So I'm happy about that. 277 00:15:34,360 --> 00:15:37,880 Speaker 2: I take it. Yeah, that's nice. That's nice, all right? 278 00:15:37,880 --> 00:15:40,120 Speaker 5: Should we should we get into Mike our interview with 279 00:15:40,160 --> 00:15:43,080 Speaker 5: Mike's Sagnola, the head of SEMA. 280 00:15:43,600 --> 00:15:44,240 Speaker 2: Let's do it. 281 00:15:45,000 --> 00:15:47,760 Speaker 1: We're gonna take a quick break and coming up more 282 00:15:47,840 --> 00:15:51,240 Speaker 1: with Mike's Bagnola, the head of SEEMA, and we're gonna 283 00:15:51,240 --> 00:15:52,840 Speaker 1: hear a little bit more about the kind of cars 284 00:15:52,840 --> 00:15:54,160 Speaker 1: he drives in his personal time. 285 00:15:59,200 --> 00:16:05,040 Speaker 3: Let's start with the use. Why don't we about your ability. 286 00:16:04,760 --> 00:16:09,480 Speaker 5: I guess to help small businesses get after market parts 287 00:16:10,040 --> 00:16:13,320 Speaker 5: onto our cars more quickly and more efficiently. 288 00:16:14,440 --> 00:16:18,400 Speaker 4: Yeah, so we're really excited the Trump administration and Lee 289 00:16:18,480 --> 00:16:23,760 Speaker 4: Zelden announced yesterday that our SEAMA garages are now approved 290 00:16:24,040 --> 00:16:27,480 Speaker 4: by the e p A to do emission compliance work. 291 00:16:27,880 --> 00:16:31,760 Speaker 4: And what that means really is we have two emission centers, 292 00:16:31,960 --> 00:16:34,520 Speaker 4: one here in Diamond Bar, California and one in Detroit 293 00:16:35,040 --> 00:16:37,560 Speaker 4: where we help manufacturers kind of get through the emissions 294 00:16:37,600 --> 00:16:41,320 Speaker 4: testing process, which can be daunting. So everything we help 295 00:16:41,360 --> 00:16:44,240 Speaker 4: them with, everything from filling out the application to doing 296 00:16:44,280 --> 00:16:48,680 Speaker 4: the test work to actually submitting that paperwork. And over 297 00:16:48,720 --> 00:16:52,600 Speaker 4: the years it's been really carved. California Resources Board regulated 298 00:16:53,200 --> 00:16:55,480 Speaker 4: and so we do all this work on behalf of 299 00:16:55,480 --> 00:16:57,600 Speaker 4: our members. We test the product, we make sure that 300 00:16:57,640 --> 00:17:01,120 Speaker 4: it passes emissions testing, and then we turn those applications 301 00:17:01,120 --> 00:17:05,360 Speaker 4: into the California Resources Board, where there's always been this 302 00:17:05,720 --> 00:17:09,600 Speaker 4: piece through the EPA that says reasonable basis, so testing 303 00:17:09,600 --> 00:17:12,880 Speaker 4: can be done on a reasonable basis and EPA would 304 00:17:12,880 --> 00:17:16,399 Speaker 4: accept that sort of work. We've been working alongside the 305 00:17:16,400 --> 00:17:21,000 Speaker 4: EPA to actually get recognized by the EPA, and that 306 00:17:21,119 --> 00:17:24,879 Speaker 4: came through yesterday through a bill that President Trump signed 307 00:17:25,000 --> 00:17:28,520 Speaker 4: and that Lee Zilden worked alongside of us to do so, 308 00:17:28,600 --> 00:17:32,320 Speaker 4: now our SEAMA garages, our emissions test centers can actually 309 00:17:32,560 --> 00:17:36,359 Speaker 4: do that testing, help our manufacturers get through that process 310 00:17:36,880 --> 00:17:39,480 Speaker 4: and then it becomes forty nine state legal and so 311 00:17:39,600 --> 00:17:42,200 Speaker 4: what we'll be doing now going forward, and what that means, 312 00:17:42,200 --> 00:17:45,520 Speaker 4: by the way, is that you know, manufacturers spend a 313 00:17:45,560 --> 00:17:47,960 Speaker 4: ton of time and effort and money to develop a 314 00:17:48,000 --> 00:17:51,199 Speaker 4: new product, and once that product's done and once we 315 00:17:51,320 --> 00:17:54,800 Speaker 4: test it, we can wait weeks even months for the 316 00:17:54,840 --> 00:17:58,800 Speaker 4: California Air Resources Board to approve that product. Meanwhile, those 317 00:17:58,840 --> 00:18:03,600 Speaker 4: manufacturers are losing saidills. So now with this EPA recognition, 318 00:18:04,280 --> 00:18:09,200 Speaker 4: we can do that testing, certify that it passes, and 319 00:18:09,240 --> 00:18:12,760 Speaker 4: then give those manufacturers the ability to sell those products 320 00:18:12,880 --> 00:18:15,560 Speaker 4: in forty nine states while we wait for CARB to 321 00:18:15,680 --> 00:18:20,040 Speaker 4: then approve it for California. So it means millions and 322 00:18:20,040 --> 00:18:22,920 Speaker 4: millions of dollars in sales to those manufacturers that we represent. 323 00:18:23,600 --> 00:18:29,360 Speaker 5: So for example, I just got this twenty twenty bmw 324 00:18:29,720 --> 00:18:35,400 Speaker 5: M seven sixty. Nobody makes a cat back exhaust for it. 325 00:18:36,600 --> 00:18:39,240 Speaker 5: But if someone were to try to want to offer 326 00:18:39,320 --> 00:18:45,000 Speaker 5: that product to every you know, seven sixty owner, she 327 00:18:45,280 --> 00:18:48,280 Speaker 5: or he could come to you and say, look, help 328 00:18:48,359 --> 00:18:52,679 Speaker 5: me get this emissions compliant for forty nine states and 329 00:18:52,720 --> 00:18:55,240 Speaker 5: then may I may or may not do. 330 00:18:55,240 --> 00:18:56,680 Speaker 3: The California work as well. 331 00:18:56,720 --> 00:18:59,159 Speaker 5: But that would take an extra year and you know, 332 00:18:59,160 --> 00:19:00,760 Speaker 5: one hundred thousand dollar dollars or something. 333 00:19:01,040 --> 00:19:02,800 Speaker 3: They can do it much faster and cheaper with you. 334 00:19:03,400 --> 00:19:05,880 Speaker 4: Yeah, it's you know, the fees aren't that great through 335 00:19:05,920 --> 00:19:08,359 Speaker 4: California Resources Board. But it can take time. I mean 336 00:19:08,400 --> 00:19:11,680 Speaker 4: we you know, we we have experienced word, it could 337 00:19:11,680 --> 00:19:12,640 Speaker 4: be six months to a year. 338 00:19:13,400 --> 00:19:16,200 Speaker 5: Well, by the way, employing somebody to work with CARB 339 00:19:16,640 --> 00:19:19,240 Speaker 5: and make sure the process goes smoothly is what it 340 00:19:19,280 --> 00:19:21,119 Speaker 5: costs one hundred grand, Right, I'm not saying they have 341 00:19:21,200 --> 00:19:23,920 Speaker 5: to pay right, sources bore one hundred thousand, but you've 342 00:19:23,920 --> 00:19:26,119 Speaker 5: got to continue operating your business and you've got to 343 00:19:26,160 --> 00:19:27,280 Speaker 5: actually try and get it through. 344 00:19:27,600 --> 00:19:30,040 Speaker 4: Yep. Yeah, so we have. We actually have twenty two 345 00:19:30,040 --> 00:19:33,480 Speaker 4: people on staff that do nothing but fill out those applications, 346 00:19:33,600 --> 00:19:37,240 Speaker 4: work with the manufacturers, do the testing, submit the applications 347 00:19:37,240 --> 00:19:40,280 Speaker 4: to CARB. We do that at a loss. But the 348 00:19:40,359 --> 00:19:43,760 Speaker 4: idea is that we are helping manufacturers. We're a trade 349 00:19:44,000 --> 00:19:47,280 Speaker 4: organization and we're here to service the industry and to 350 00:19:47,280 --> 00:19:49,719 Speaker 4: be helpful to the industry. We make our money off 351 00:19:49,720 --> 00:19:52,520 Speaker 4: of our segment trade show and pri I trade shows, 352 00:19:52,560 --> 00:19:56,080 Speaker 4: and then of course we also have a membership dues 353 00:19:56,440 --> 00:19:58,840 Speaker 4: and so we make our money that way, and we 354 00:19:58,880 --> 00:20:01,840 Speaker 4: reinvest that money into the marketplace to help manufacturers and 355 00:20:01,840 --> 00:20:04,879 Speaker 4: to help the industry grow. So even though we do 356 00:20:05,000 --> 00:20:06,800 Speaker 4: charge a fee for that testing and all that, it's 357 00:20:06,800 --> 00:20:09,520 Speaker 4: at a loss and all the form application and all that. 358 00:20:09,800 --> 00:20:12,159 Speaker 4: But the goal is to make sure that our manufacturers 359 00:20:12,160 --> 00:20:15,159 Speaker 4: can safely sell products, not get fined by EPA or 360 00:20:15,200 --> 00:20:18,159 Speaker 4: CARB and get through this process which can be definitely 361 00:20:18,359 --> 00:20:19,000 Speaker 4: very urgency. 362 00:20:20,080 --> 00:20:21,600 Speaker 3: And I mean, how many members do you have to 363 00:20:21,680 --> 00:20:22,280 Speaker 3: pay dues? 364 00:20:23,040 --> 00:20:25,800 Speaker 4: About seven thousand members of pay dues, but you know 365 00:20:25,920 --> 00:20:28,520 Speaker 4: many many more than that that benefit from our all 366 00:20:28,520 --> 00:20:30,760 Speaker 4: of our legislative work, you know, all those sorts of 367 00:20:30,800 --> 00:20:35,119 Speaker 4: things that we do. So you know, it's there to 368 00:20:35,119 --> 00:20:36,000 Speaker 4: protect the industry. 369 00:20:36,760 --> 00:20:38,560 Speaker 1: And what are hardcore race guys? 370 00:20:39,280 --> 00:20:42,000 Speaker 4: What is who are race cars are? More so, it's 371 00:20:42,040 --> 00:20:44,440 Speaker 4: everything from the weekend warrior guy that gets out to. 372 00:20:45,000 --> 00:20:47,040 Speaker 1: His amateur racers. 373 00:20:47,400 --> 00:20:49,159 Speaker 4: It can be amateur racing, but we also get the 374 00:20:49,200 --> 00:20:52,480 Speaker 4: indie car guys there, the NASCAR guys there, the we're 375 00:20:52,480 --> 00:20:56,440 Speaker 4: tied into Formula one. We're actually the FAI representatives for 376 00:20:56,480 --> 00:21:00,919 Speaker 4: the US. So it's everything from you know, you know, 377 00:21:00,960 --> 00:21:03,119 Speaker 4: I've got a nine year old grandson, now that's racing, 378 00:21:03,240 --> 00:21:07,680 Speaker 4: and so it's everything from those sorts of guys to 379 00:21:07,680 --> 00:21:09,600 Speaker 4: to pro semi pro to pro. 380 00:21:09,880 --> 00:21:13,200 Speaker 5: What is your the open wheel guys from the NASCAR 381 00:21:13,240 --> 00:21:16,320 Speaker 5: guys now right ever since the KMAG incident a couple. 382 00:21:16,200 --> 00:21:22,960 Speaker 4: Of weeks ago, yeah, yeah, yeah, so yeah, definitely, uh yeah, 383 00:21:22,960 --> 00:21:25,320 Speaker 4: so all of that, all that and talk about testosterone, 384 00:21:25,359 --> 00:21:26,920 Speaker 4: it's all of that there at the pr I show 385 00:21:26,920 --> 00:21:31,119 Speaker 4: as well. So it's it's awesome, it's there are the 386 00:21:31,160 --> 00:21:32,520 Speaker 4: two premiere shows in the US. 387 00:21:33,240 --> 00:21:35,480 Speaker 5: By the way, do you see more, Mike, do you 388 00:21:35,520 --> 00:21:38,240 Speaker 5: see more women getting involved not just in racing but 389 00:21:38,320 --> 00:21:42,560 Speaker 5: in the aftermarket, working in garage? Is because, at least 390 00:21:42,560 --> 00:21:44,560 Speaker 5: in the media, it's portrayed that way. 391 00:21:44,640 --> 00:21:46,080 Speaker 3: You see these shows and. 392 00:21:46,040 --> 00:21:49,280 Speaker 5: There are women working in the garage that are, you know, 393 00:21:49,320 --> 00:21:51,520 Speaker 5: obviously doing the same things the guys are doing. 394 00:21:52,040 --> 00:21:55,000 Speaker 4: Absolutely, it's gotten much much bigger and we continue to 395 00:21:55,040 --> 00:21:57,760 Speaker 4: fuel that. We we have these councils and networks, we 396 00:21:57,800 --> 00:22:00,720 Speaker 4: have these different groups that of just groups that we 397 00:22:00,800 --> 00:22:02,480 Speaker 4: work with as well, and one of them is the 398 00:22:03,000 --> 00:22:07,480 Speaker 4: SEEMA Business Women's Network SBN. So we've been feeding that 399 00:22:07,520 --> 00:22:10,080 Speaker 4: now for thirty years. We started that group thirty years 400 00:22:10,080 --> 00:22:13,720 Speaker 4: ago where women get together and talk about business and 401 00:22:13,760 --> 00:22:16,119 Speaker 4: talk about things that they're doing in the industry, and 402 00:22:16,160 --> 00:22:18,080 Speaker 4: we do a lot of work with them. We do 403 00:22:18,320 --> 00:22:20,320 Speaker 4: seminars with them, we do a lot of things to 404 00:22:20,359 --> 00:22:25,080 Speaker 4: promote them. But definitely more than ever, and you know, 405 00:22:25,119 --> 00:22:27,520 Speaker 4: we're seeing a lot more women, not just in the 406 00:22:27,520 --> 00:22:29,520 Speaker 4: business side, not just in the marketing side and the 407 00:22:29,560 --> 00:22:32,320 Speaker 4: sales side and the you know, we've got women running companies. 408 00:22:32,760 --> 00:22:37,480 Speaker 4: Our chairperson right now, Money White, runs Hellwig and pretty 409 00:22:37,520 --> 00:22:40,679 Speaker 4: big company that makes swave oars and suspension components. She 410 00:22:40,880 --> 00:22:45,119 Speaker 4: is the chairwoman of SEMA. So definitely a lot of 411 00:22:45,119 --> 00:22:48,040 Speaker 4: women in the industry that are now even doing welding 412 00:22:48,080 --> 00:22:51,119 Speaker 4: and mechanics and all those sorts of things. So we 413 00:22:51,200 --> 00:22:53,679 Speaker 4: continue to fuel that as well. And excited to see it. 414 00:22:54,920 --> 00:22:56,840 Speaker 1: Mike, did you guys get involved in the right to 415 00:22:56,920 --> 00:23:01,960 Speaker 1: repair conversation at all too? I know, Matt is Matt's 416 00:23:02,040 --> 00:23:03,240 Speaker 1: dying to hear more. 417 00:23:04,480 --> 00:23:07,480 Speaker 5: Well, it's a debate, I think, yeah, for sure, we 418 00:23:08,200 --> 00:23:10,440 Speaker 5: are in the bulls eye of it of it for sure. 419 00:23:10,520 --> 00:23:15,600 Speaker 4: Boy. So in a few areas we're definitely right to repair. 420 00:23:16,240 --> 00:23:19,159 Speaker 4: We're really pushing right to modify some more than just 421 00:23:19,240 --> 00:23:23,159 Speaker 4: right to repair. We need the ability to modify vehicles 422 00:23:23,320 --> 00:23:26,160 Speaker 4: and do it safely. And then of course we're also 423 00:23:26,200 --> 00:23:28,760 Speaker 4: involved in the military right to repair, so there's that 424 00:23:28,880 --> 00:23:31,840 Speaker 4: legislative effort going on as well that you know on 425 00:23:31,920 --> 00:23:33,960 Speaker 4: the give you an idea on the right to modify. 426 00:23:34,600 --> 00:23:36,880 Speaker 4: We're doing a lot of work now where and these 427 00:23:36,880 --> 00:23:40,560 Speaker 4: are through our SEEMA garages. Again, with all the technology 428 00:23:40,600 --> 00:23:43,680 Speaker 4: that's coming out, with the ability of self breaking, lane change, 429 00:23:43,680 --> 00:23:46,720 Speaker 4: departure warning, all those technologies that are on vehicles today, 430 00:23:47,359 --> 00:23:49,320 Speaker 4: we're doing a lot of work to understand what happens 431 00:23:49,320 --> 00:23:52,359 Speaker 4: when you modify the vehicle, and especially since some of 432 00:23:52,359 --> 00:23:55,479 Speaker 4: those are going into law twenty twenty nine, self breaking 433 00:23:55,520 --> 00:23:59,600 Speaker 4: becomes law, so vehicles have to have that on their 434 00:24:00,160 --> 00:24:03,320 Speaker 4: cars when they sell them brand new. So, for example, 435 00:24:03,400 --> 00:24:05,439 Speaker 4: we're doing a lot of work to understand what happens 436 00:24:05,480 --> 00:24:07,840 Speaker 4: when you lift a truck or you lower a car, 437 00:24:08,480 --> 00:24:11,359 Speaker 4: what are those cameras and all those sensors seeing, and 438 00:24:11,720 --> 00:24:14,320 Speaker 4: what happens when you modify the suspension on that vehicle. 439 00:24:14,359 --> 00:24:16,919 Speaker 4: What happens when you put a larger tirre wheel on 440 00:24:16,960 --> 00:24:20,960 Speaker 4: a truck, mean, even if it's for use in off 441 00:24:21,040 --> 00:24:24,000 Speaker 4: road or for commercial purposes and you're putting, you're modifying 442 00:24:24,000 --> 00:24:27,840 Speaker 4: that suspension and modifying even the tire size and wheel size. 443 00:24:28,359 --> 00:24:31,680 Speaker 4: Those cameras at that point are seeing different things. And 444 00:24:31,760 --> 00:24:36,560 Speaker 4: so we've done a lot of both dynamic and static 445 00:24:36,600 --> 00:24:40,080 Speaker 4: testing on a lot of vehicles to understand what's going on. 446 00:24:40,720 --> 00:24:44,359 Speaker 4: So we're pushing hard on the right to modify, to 447 00:24:44,440 --> 00:24:47,600 Speaker 4: be able to say, look to the oees, you know, 448 00:24:48,240 --> 00:24:51,120 Speaker 4: or safety purposes, we're going to need to be able 449 00:24:51,160 --> 00:24:53,600 Speaker 4: to modify the vehicle. We're going to need to understand 450 00:24:53,640 --> 00:24:55,760 Speaker 4: and get into the canvas and get into the software 451 00:24:56,320 --> 00:24:59,760 Speaker 4: or get into whatever is needed to adjust those sensors 452 00:25:00,240 --> 00:25:03,159 Speaker 4: so that we can safely modify vehicles. And that's just 453 00:25:03,200 --> 00:25:04,159 Speaker 4: good for everybody. 454 00:25:04,840 --> 00:25:06,879 Speaker 3: Well, I mean I I say that. 455 00:25:06,960 --> 00:25:11,480 Speaker 5: I Initially my thought is I want to be able 456 00:25:11,520 --> 00:25:15,320 Speaker 5: to repair and modify any of my own vehicles, right, 457 00:25:16,320 --> 00:25:20,159 Speaker 5: It's sort of in my libertarian nature to want to 458 00:25:20,200 --> 00:25:22,879 Speaker 5: do that. On the other hand, I could understand if 459 00:25:23,320 --> 00:25:28,520 Speaker 5: a company has software that they don't want anybody else 460 00:25:28,560 --> 00:25:31,800 Speaker 5: to be able to get into remember that wired story 461 00:25:31,800 --> 00:25:35,640 Speaker 5: when those guys hacked into somebody's jeep and to turn 462 00:25:35,720 --> 00:25:39,560 Speaker 5: it off on the highway like that could become a 463 00:25:39,600 --> 00:25:44,080 Speaker 5: serious concern if anybody able to, you know, to access 464 00:25:44,119 --> 00:25:49,119 Speaker 5: these systems. So I get the I get, then I 465 00:25:49,160 --> 00:25:52,679 Speaker 5: get the worries that you have from Jim Farley for 466 00:25:52,760 --> 00:25:53,640 Speaker 5: example that board. 467 00:25:54,280 --> 00:25:57,040 Speaker 4: Yes, yeah, we look, we do too, and that's where 468 00:25:57,040 --> 00:25:59,520 Speaker 4: the OIS and seem I have to work together. We've 469 00:25:59,520 --> 00:26:01,639 Speaker 4: been able to that on a mission's compliance, right, we 470 00:26:01,800 --> 00:26:05,880 Speaker 4: have to modify fuel timing, all those sorts of things 471 00:26:05,880 --> 00:26:07,960 Speaker 4: when you're putting a supercharger on a vehicle, and we've 472 00:26:08,000 --> 00:26:10,159 Speaker 4: been able to do that, and we've been able to 473 00:26:10,200 --> 00:26:13,159 Speaker 4: do that safely and with emission's compliance and to do 474 00:26:13,240 --> 00:26:15,000 Speaker 4: all the things and save the warranties and do all 475 00:26:15,000 --> 00:26:18,399 Speaker 4: those sorts of things, and you know, even things to 476 00:26:18,840 --> 00:26:21,000 Speaker 4: air intakes, exhausts, all those sorts of things which can 477 00:26:21,000 --> 00:26:27,480 Speaker 4: actually you know, improve performance even gas mileage. And we've 478 00:26:27,480 --> 00:26:29,800 Speaker 4: been able to do that safely. So there are ways 479 00:26:30,080 --> 00:26:34,760 Speaker 4: to safely modify vehicles. And you know, the consumer owns 480 00:26:34,760 --> 00:26:38,119 Speaker 4: the vehicle right and his ability to continue to modify 481 00:26:38,240 --> 00:26:42,440 Speaker 4: and to customize and individualize and even again for industrial 482 00:26:42,440 --> 00:26:45,920 Speaker 4: purposes for you know, think about contractors, all those sorts 483 00:26:45,960 --> 00:26:48,760 Speaker 4: of things. This has become a deal. But also, Matt, 484 00:26:48,840 --> 00:26:52,040 Speaker 4: think about taking your twenty twenty nine corvette now out 485 00:26:52,080 --> 00:26:54,919 Speaker 4: to the racetrack and you dive into a corner and 486 00:26:54,960 --> 00:26:57,880 Speaker 4: you dive into the apex and the things self breaks 487 00:26:57,920 --> 00:27:00,000 Speaker 4: not going to be fun or you. 488 00:27:00,240 --> 00:27:03,879 Speaker 5: I imagine that the corvette engineers will have considered that as well, 489 00:27:03,920 --> 00:27:06,640 Speaker 5: you know, But I get your yeah, point, what's the 490 00:27:06,680 --> 00:27:10,000 Speaker 5: military right to repair? It can't be that you're out 491 00:27:10,080 --> 00:27:12,520 Speaker 5: in the desert in a humbye and some foreign country 492 00:27:12,520 --> 00:27:19,240 Speaker 5: and all of a sudden you're not able to. 493 00:27:16,960 --> 00:27:18,320 Speaker 3: You know, change the exhaust. 494 00:27:19,240 --> 00:27:21,720 Speaker 4: Yeah, what's more like even the ability to repair. So 495 00:27:21,760 --> 00:27:24,960 Speaker 4: the military right to repair. The military should have the 496 00:27:25,040 --> 00:27:28,800 Speaker 4: right to repair and maintain vehicles they own without being 497 00:27:29,000 --> 00:27:34,360 Speaker 4: dependent on the original manufacturers. Currently, these defense manufacturers own 498 00:27:34,400 --> 00:27:39,760 Speaker 4: the rights to repair those vehicles. And so there's strong 499 00:27:39,840 --> 00:27:44,399 Speaker 4: consideration the National Defense Authorisation, the NDAA is looking at this, 500 00:27:44,600 --> 00:27:46,919 Speaker 4: and this is one of those things where there's BiPOL 501 00:27:47,240 --> 00:27:51,600 Speaker 4: partisan support. We actually have President Trump and Senator Elizabeth 502 00:27:51,600 --> 00:27:55,320 Speaker 4: Warren on the same side of this, who are definitely 503 00:27:55,640 --> 00:27:58,840 Speaker 4: different sides of the political spectrum who both agree on 504 00:27:58,880 --> 00:28:03,840 Speaker 4: this piece of legislation. But what it also does is 505 00:28:03,880 --> 00:28:07,679 Speaker 4: it opens up the ability for aftermarket companies that Seemer 506 00:28:07,760 --> 00:28:15,040 Speaker 4: represent to develop accessories in different products for those vehicles. 507 00:28:14,160 --> 00:28:19,760 Speaker 4: So we're big proponents of this thing. There's actually four 508 00:28:19,800 --> 00:28:22,520 Speaker 4: hundred and twenty thousand ground vehicles and one hundred and 509 00:28:22,560 --> 00:28:27,840 Speaker 4: seventy thousand non tactical vehicles that the military owns. I 510 00:28:27,880 --> 00:28:31,720 Speaker 4: was just recently talking to somebody from GM Defense and 511 00:28:31,800 --> 00:28:37,360 Speaker 4: they would be very open to having Seeman manufacturers develop 512 00:28:37,720 --> 00:28:42,280 Speaker 4: different after market products, maybe different bumpers, maybe tire handlers, 513 00:28:42,320 --> 00:28:45,920 Speaker 4: you know, all sorts of things accessories, But we currently 514 00:28:45,960 --> 00:28:49,080 Speaker 4: can't bid on that sort of work because it belongs 515 00:28:49,120 --> 00:28:52,120 Speaker 4: to the original manufacturers who are the only ones that 516 00:28:52,160 --> 00:28:54,520 Speaker 4: can do anything to those vehicles. It also drives a 517 00:28:54,640 --> 00:28:58,320 Speaker 4: cost because of that, So I think it's time for 518 00:28:58,360 --> 00:29:00,920 Speaker 4: this bill. Obviously we seemed to be getting by a 519 00:29:00,960 --> 00:29:05,280 Speaker 4: Parson support on it, so it should be in the 520 00:29:05,320 --> 00:29:09,120 Speaker 4: next now National Defense Authorization Act in the NDAA that 521 00:29:09,160 --> 00:29:10,000 Speaker 4: we can have a look at. 522 00:29:10,760 --> 00:29:14,240 Speaker 1: Mike, can we talk about your own cars for a minute. 523 00:29:14,480 --> 00:29:18,040 Speaker 1: I know, I know you also are a collector in 524 00:29:18,120 --> 00:29:22,160 Speaker 1: a restore. What are you driving these days? And what 525 00:29:22,840 --> 00:29:26,360 Speaker 1: do you have any projects? Let's get to the real stuff. 526 00:29:27,120 --> 00:29:30,200 Speaker 4: Oh man, So yeah, I'm definitely a car guy. Look, 527 00:29:30,240 --> 00:29:32,280 Speaker 4: I grew up in this industry. I've been blessed. I've 528 00:29:32,280 --> 00:29:34,080 Speaker 4: been in this industry now over fifty years. 529 00:29:34,440 --> 00:29:37,280 Speaker 1: Where are you from Detroit? Are you from Southern No, I'm. 530 00:29:37,120 --> 00:29:40,440 Speaker 4: From Southern California. Okay, I'm born and raised Southern California. 531 00:29:41,520 --> 00:29:44,920 Speaker 4: Got into the automotive industry actually in high school I 532 00:29:44,920 --> 00:29:48,400 Speaker 4: worked at pet Boys, and then right out of high school, 533 00:29:48,720 --> 00:29:52,520 Speaker 4: while I was going to college, worked in a a 534 00:29:52,840 --> 00:29:56,160 Speaker 4: in a oe dealership in Dots and dealership back then 535 00:29:56,640 --> 00:30:00,000 Speaker 4: before it became Nissan, and spend a lot of time 536 00:30:00,080 --> 00:30:03,160 Speaker 4: the import car parts business, bought and sold a few 537 00:30:03,160 --> 00:30:06,640 Speaker 4: companies over the years. And so, you know, it's one 538 00:30:06,640 --> 00:30:09,400 Speaker 4: of those deals where they say, if you if you 539 00:30:09,440 --> 00:30:10,680 Speaker 4: love what you do, you don't work a day in 540 00:30:10,680 --> 00:30:13,080 Speaker 4: your life. I'm not sure if that's quite true, but 541 00:30:13,240 --> 00:30:17,040 Speaker 4: I've been in this industry over fifty years and it's 542 00:30:17,080 --> 00:30:21,959 Speaker 4: all I've ever done and love it. And so anyway 543 00:30:22,760 --> 00:30:26,360 Speaker 4: to your question, I've owned I know I've owned north 544 00:30:26,400 --> 00:30:29,920 Speaker 4: of one hundred cars over the years and modified and 545 00:30:30,360 --> 00:30:33,240 Speaker 4: built different cars, and everybody always asked me what my 546 00:30:33,280 --> 00:30:35,320 Speaker 4: favorite car is, and I always say the next one 547 00:30:35,360 --> 00:30:38,000 Speaker 4: I'm going to buy, because that becomes my favorite until 548 00:30:38,200 --> 00:30:39,160 Speaker 4: i'm the next one. 549 00:30:39,960 --> 00:30:44,240 Speaker 3: But one, which one? Do you regret selling the most? 550 00:30:44,360 --> 00:30:48,920 Speaker 4: Oh? Gosh, every one of them? But I did early on. 551 00:30:49,240 --> 00:30:53,080 Speaker 4: I had a nineteen sixty two for two fifty gte 552 00:30:54,160 --> 00:30:55,800 Speaker 4: that and now I'm going back a lot of years. 553 00:30:55,880 --> 00:30:58,640 Speaker 4: But I bought it for six thousand dollars and I 554 00:30:58,680 --> 00:31:01,720 Speaker 4: sold it for ten thousand dollars is to buy my 555 00:31:01,800 --> 00:31:05,040 Speaker 4: first house, and I know that cars are a million 556 00:31:05,080 --> 00:31:05,720 Speaker 4: dollars today. 557 00:31:06,240 --> 00:31:08,400 Speaker 1: Did you think that was a good sale at the time? 558 00:31:09,720 --> 00:31:09,959 Speaker 4: Was that? 559 00:31:10,280 --> 00:31:12,360 Speaker 1: Did you think that was a good sale at the time. 560 00:31:12,640 --> 00:31:16,240 Speaker 4: Yeah, we made the money, and yeah I did the money, 561 00:31:16,240 --> 00:31:18,240 Speaker 4: and I needed the money for you know, in investment 562 00:31:18,280 --> 00:31:20,280 Speaker 4: in California and at home, so I didn't do too bad. 563 00:31:20,360 --> 00:31:24,160 Speaker 4: But boydcher love to have that. I've had some old Porsches. 564 00:31:25,480 --> 00:31:29,520 Speaker 4: I've had a lot of race cars in early Japanese 565 00:31:29,600 --> 00:31:32,720 Speaker 4: cars got some five tens and two forty disease and 566 00:31:32,920 --> 00:31:35,960 Speaker 4: all that. I have a few of those now, and 567 00:31:36,080 --> 00:31:39,680 Speaker 4: you know the problem is, I don't have time to 568 00:31:39,680 --> 00:31:43,600 Speaker 4: play with them. So this job keeps me pretty busy. 569 00:31:43,880 --> 00:31:45,640 Speaker 4: You know, I love it, But I do travel a lot. 570 00:31:45,680 --> 00:31:48,920 Speaker 4: I do. I'm involved in a lot of industry. I'm 571 00:31:48,960 --> 00:31:54,760 Speaker 4: involving a lot of legislation. I just got back from Macau, China. Well, 572 00:31:56,920 --> 00:32:01,120 Speaker 4: we are the US representative for the FIA is the 573 00:32:01,160 --> 00:32:04,880 Speaker 4: group that oversees Formula one, and I'm the President of 574 00:32:04,920 --> 00:32:09,600 Speaker 4: the of the FIA for the US for Mobility. And 575 00:32:09,640 --> 00:32:12,080 Speaker 4: so we had the World Convention there, one hundred and 576 00:32:12,080 --> 00:32:16,120 Speaker 4: twenty nine countries represented about four hundred and fifty people, 577 00:32:16,120 --> 00:32:19,320 Speaker 4: and I presented a couple of papers. So, you know, 578 00:32:19,360 --> 00:32:20,960 Speaker 4: I get to do that kind of stuff. I get 579 00:32:20,960 --> 00:32:25,680 Speaker 4: to work alongside of everybody. I let me. 580 00:32:25,640 --> 00:32:27,840 Speaker 1: Ask you really quick. I'm sorry to interrupt, but I 581 00:32:27,880 --> 00:32:29,680 Speaker 1: have to ask, does this mean we're going to have 582 00:32:29,760 --> 00:32:34,440 Speaker 1: an F one race in in you know, somewhere in 583 00:32:34,480 --> 00:32:38,440 Speaker 1: addition to Singapore, you know, Macau, or Thailand or India, 584 00:32:38,960 --> 00:32:41,120 Speaker 1: somewhere in that neck of the woods. 585 00:32:41,680 --> 00:32:44,640 Speaker 4: All that discussion is ongoing right now. Sly Oh actually 586 00:32:44,720 --> 00:32:48,360 Speaker 4: does some of the smaller races right now. There was 587 00:32:48,400 --> 00:32:50,760 Speaker 4: I just read this morning and I haven't confirmed this yet, 588 00:32:50,760 --> 00:32:52,480 Speaker 4: but I just read this morning that there might be 589 00:32:52,520 --> 00:32:54,920 Speaker 4: a second race in Las Vegas because they had to 590 00:32:54,920 --> 00:32:57,520 Speaker 4: counsel a couple of races this year, so I don't 591 00:32:57,560 --> 00:33:02,360 Speaker 4: know that for sure. But and BYD, which is the 592 00:33:02,840 --> 00:33:07,560 Speaker 4: big Chinese manufacturer, might be the next manufacturer to join 593 00:33:07,600 --> 00:33:10,880 Speaker 4: Formula one, So that's the talk. There's also talk about 594 00:33:10,960 --> 00:33:14,080 Speaker 4: going back to a V eight engine, So lots of 595 00:33:14,120 --> 00:33:14,959 Speaker 4: cool stuff going on. 596 00:33:15,240 --> 00:33:18,080 Speaker 3: Yep, that would be that would be amazing. 597 00:33:18,120 --> 00:33:20,520 Speaker 5: When you said by D, I mean, I think it's 598 00:33:20,520 --> 00:33:23,280 Speaker 5: cool to have the more the merrier, right in terms 599 00:33:23,320 --> 00:33:29,040 Speaker 5: of manufacturers, but they are primarily an electric car manufacturer, 600 00:33:29,080 --> 00:33:32,480 Speaker 5: and that's I mean, I think most everyone agrees that 601 00:33:32,520 --> 00:33:35,400 Speaker 5: the fifty to fifty power train is. 602 00:33:35,440 --> 00:33:37,040 Speaker 3: Just not as exciting. 603 00:33:37,440 --> 00:33:41,000 Speaker 4: Yeah, it's looking really strong that they're going to go 604 00:33:41,040 --> 00:33:44,400 Speaker 4: back to the V eight engine. Mohammed Minsliam, who's head 605 00:33:44,400 --> 00:33:47,440 Speaker 4: of FIA. I spent quite a bit of time with 606 00:33:47,520 --> 00:33:49,800 Speaker 4: him last week. He comes to the SEMA show every years. 607 00:33:50,000 --> 00:33:53,520 Speaker 4: He's a big fan of SEMA, but he is committed 608 00:33:53,520 --> 00:33:55,560 Speaker 4: to going back to a V eight and. 609 00:33:55,800 --> 00:33:59,360 Speaker 5: More and more manufacturers are choosing going back to a 610 00:33:59,440 --> 00:34:03,120 Speaker 5: V eight and GM is boosting the displacement. 611 00:34:03,600 --> 00:34:06,200 Speaker 3: Yeah, but I have, like I think the new corvettes 612 00:34:06,240 --> 00:34:08,920 Speaker 3: are going to have what a six point eight liter BA. 613 00:34:10,239 --> 00:34:12,160 Speaker 4: Yeah, the whole discussion on the you know, we were 614 00:34:12,200 --> 00:34:18,040 Speaker 4: part of that, the whole legislation that Trump signed about 615 00:34:18,360 --> 00:34:22,480 Speaker 4: the EV mandates. So here in California, starting twenty twenty six, 616 00:34:22,520 --> 00:34:25,239 Speaker 4: thirty five percent of vehicles sold had to be EV. 617 00:34:26,840 --> 00:34:30,080 Speaker 4: We were against that. Look, we think EV technology is cool, 618 00:34:30,800 --> 00:34:32,839 Speaker 4: we think it's part of the future, but we think 619 00:34:33,280 --> 00:34:36,319 Speaker 4: that consumers should have choice depending on what they want 620 00:34:36,360 --> 00:34:38,200 Speaker 4: to drive and how they want to drive it. We 621 00:34:38,239 --> 00:34:41,600 Speaker 4: also believe that you shouldn't stifle innovation. So if you 622 00:34:41,719 --> 00:34:45,160 Speaker 4: just pit one technology over another, you're really stifling. I mean, 623 00:34:45,200 --> 00:34:47,680 Speaker 4: you know, look, America was built on innovation, and so 624 00:34:48,360 --> 00:34:52,120 Speaker 4: there's synthetic fuels, there's hydrogen, there's all sorts of different 625 00:34:52,120 --> 00:34:56,279 Speaker 4: fuel technologies that are coming under Hybrid now is taken over, right, 626 00:34:56,360 --> 00:34:59,640 Speaker 4: I mean, so there's all these technologies that should continue 627 00:34:59,680 --> 00:35:03,560 Speaker 4: to be moved being forward along with EV and so 628 00:35:03,600 --> 00:35:07,040 Speaker 4: we've been big proponents of that. That was actually our 629 00:35:07,080 --> 00:35:09,319 Speaker 4: wording was in that bill that Trump signed. I got 630 00:35:09,320 --> 00:35:11,520 Speaker 4: to go to the White House for that signing, which 631 00:35:11,560 --> 00:35:16,960 Speaker 4: was pretty cool. But yeah, so you know, b YD 632 00:35:17,120 --> 00:35:20,560 Speaker 4: will definitely have to adapt to hybrid some sort of 633 00:35:20,560 --> 00:35:23,840 Speaker 4: technology or B eight technology, depending on how the rules 634 00:35:23,880 --> 00:35:26,239 Speaker 4: come out. But it's looking like twenty thirty will be 635 00:35:26,719 --> 00:35:28,080 Speaker 4: the time frame for that to happen. 636 00:35:28,360 --> 00:35:32,000 Speaker 5: All right, But let's get back to your cars, Mike. Well, 637 00:35:32,480 --> 00:35:34,360 Speaker 5: I heard you were out there on any given Sunday 638 00:35:34,400 --> 00:35:34,799 Speaker 5: as well. 639 00:35:35,440 --> 00:35:39,520 Speaker 4: Yeah, So, you know, we a lot, so my kids. 640 00:35:39,840 --> 00:35:43,760 Speaker 4: I've got two, I've got three kids, my two boys 641 00:35:43,760 --> 00:35:47,040 Speaker 4: and a daughter. My two sons are in the automotive industry. 642 00:35:48,120 --> 00:35:51,040 Speaker 4: My daughter's to stay at home mom. But I've got 643 00:35:51,080 --> 00:35:55,880 Speaker 4: fine grandkids. And now we've started We've done road racing 644 00:35:55,920 --> 00:35:59,520 Speaker 4: and different aspects of go karting and road racing and 645 00:35:59,520 --> 00:36:01,880 Speaker 4: all that over the A is a family. We're now 646 00:36:01,920 --> 00:36:03,919 Speaker 4: doing off road racing. We got into the off road 647 00:36:04,040 --> 00:36:06,520 Speaker 4: side of it, and so even my nine year old 648 00:36:06,600 --> 00:36:10,719 Speaker 4: grandson is getting his off road vehicles six feet up 649 00:36:10,719 --> 00:36:14,000 Speaker 4: in the air and running on racetracks across. So we 650 00:36:14,040 --> 00:36:16,200 Speaker 4: have quite a few side by sides and dirt pikes, 651 00:36:16,200 --> 00:36:18,640 Speaker 4: and but off road race cars is kind of where 652 00:36:18,640 --> 00:36:21,320 Speaker 4: we've been playing along with just off road and the dirt, 653 00:36:21,480 --> 00:36:24,040 Speaker 4: you know, going out camping and those sorts of things. 654 00:36:25,200 --> 00:36:28,120 Speaker 4: And then gosh. I've sold a few cars recently, but 655 00:36:28,160 --> 00:36:30,759 Speaker 4: I still have some Japanese cars and Dots and two 656 00:36:30,800 --> 00:36:34,400 Speaker 4: forty z's and five tens, and in the middle of 657 00:36:34,440 --> 00:36:40,719 Speaker 4: restoring a sixty seven Dots and Roadster Solex model which 658 00:36:40,760 --> 00:36:44,239 Speaker 4: they only made a few hundred of and so when 659 00:36:44,280 --> 00:36:46,120 Speaker 4: I get time, I've been playing with that as well. 660 00:36:47,640 --> 00:36:51,279 Speaker 4: My daily is a Porsche Macon GTS, which is which 661 00:36:51,320 --> 00:36:56,040 Speaker 4: is a fun car but responsible. I guess that's the 662 00:36:56,120 --> 00:36:57,879 Speaker 4: CEO I've seen. 663 00:36:59,400 --> 00:37:01,800 Speaker 1: I drove burn one of those for in a day. 664 00:37:02,040 --> 00:37:04,319 Speaker 1: It was great, Okay, yeah car for that. 665 00:37:05,520 --> 00:37:07,360 Speaker 4: So and I'm always buying and selling cars. 666 00:37:07,760 --> 00:37:09,880 Speaker 3: I just s on the con GTS. 667 00:37:09,880 --> 00:37:12,800 Speaker 5: Did you chip it, put on a new down pipe 668 00:37:12,960 --> 00:37:15,480 Speaker 5: and do the exhaust legally? 669 00:37:15,600 --> 00:37:22,920 Speaker 4: Yes? Emissions compliant yes, so no downpipe, but but it 670 00:37:23,000 --> 00:37:25,760 Speaker 4: may have some modifications in different tires and wheels. 671 00:37:26,840 --> 00:37:30,720 Speaker 1: Now, are you on bring a trailer? Like are you looking? 672 00:37:30,840 --> 00:37:35,200 Speaker 1: Is this where you're finding your cars? Because yes, yes, yeah. 673 00:37:35,200 --> 00:37:37,799 Speaker 4: That is. That's an addiction that I try to stay 674 00:37:37,840 --> 00:37:40,400 Speaker 4: away from. But yeah, bring a trailer is definitely one 675 00:37:40,400 --> 00:37:42,120 Speaker 4: of those. I bought my ass and Martin and bring 676 00:37:42,120 --> 00:37:45,960 Speaker 4: a trailer. I do bid from time to time. And 677 00:37:46,160 --> 00:37:50,600 Speaker 4: hold my breath and yeah, that's that's that's a car 678 00:37:50,719 --> 00:37:54,080 Speaker 4: junkies definitely site to be on. 679 00:37:55,000 --> 00:37:59,920 Speaker 1: Yeah, models, Sorry, I'm. 680 00:37:59,760 --> 00:38:03,440 Speaker 4: Just always looking. I'm always uh, you know, window shopping 681 00:38:03,520 --> 00:38:05,879 Speaker 4: or just kind of understanding. You know, I wouldn't mind 682 00:38:05,920 --> 00:38:09,040 Speaker 4: getting a Alpha Romeo kind of had my eyes on, 683 00:38:10,160 --> 00:38:12,200 Speaker 4: you know, maybe a GTV. I don't, I don't, I 684 00:38:12,239 --> 00:38:16,440 Speaker 4: don't know, I don't know. I go through these times 685 00:38:16,480 --> 00:38:19,920 Speaker 4: when I already don't have time to drive everything. You know, 686 00:38:19,960 --> 00:38:23,320 Speaker 4: what's the bad side of this is this like I'll 687 00:38:23,360 --> 00:38:26,839 Speaker 4: pull a car out of storage and that I haven't 688 00:38:26,880 --> 00:38:28,759 Speaker 4: driven in six months, and of course it needs to 689 00:38:28,760 --> 00:38:31,040 Speaker 4: get work done because it's been sitting. And then I 690 00:38:31,160 --> 00:38:33,200 Speaker 4: get it running, and then I drive it for a 691 00:38:33,239 --> 00:38:34,440 Speaker 4: couple of days, and then I put it back in 692 00:38:34,520 --> 00:38:37,600 Speaker 4: storage and I go through this repeat cycle where you know, 693 00:38:37,760 --> 00:38:39,400 Speaker 4: I've got to I got to pull them out. But 694 00:38:40,520 --> 00:38:43,320 Speaker 4: that is my addiction. I admit. Hi, I'm Mike Spagnola, 695 00:38:43,400 --> 00:38:44,680 Speaker 4: and I am addicted to cars. 696 00:38:44,840 --> 00:38:48,200 Speaker 1: So yes, you're among friends. Don't worry your kids. 697 00:38:48,719 --> 00:38:50,960 Speaker 5: Kids would help you as when you're nine year old 698 00:38:51,040 --> 00:38:54,880 Speaker 5: and seven more years you can have him driving uh 699 00:38:55,200 --> 00:38:57,600 Speaker 5: everything you got in that in that garage. What about Pebble, 700 00:38:57,640 --> 00:38:59,680 Speaker 5: Do you go to Monterey Because we were just talking 701 00:38:59,719 --> 00:39:03,560 Speaker 5: about out with John to Marion about he thinks they 702 00:39:03,600 --> 00:39:06,279 Speaker 5: need to have a supercar class there like everything that 703 00:39:06,640 --> 00:39:09,920 Speaker 5: you and I love obviously in the sixties, and the 704 00:39:09,960 --> 00:39:12,359 Speaker 5: pre work stuff also is still going to be there, 705 00:39:12,360 --> 00:39:16,840 Speaker 5: but there needs to be a place for a Lamborghini Diablo. 706 00:39:17,040 --> 00:39:20,080 Speaker 4: You know, I agree. You know, the market's constantly changed. 707 00:39:20,160 --> 00:39:23,120 Speaker 4: I tell the story all the time, my dad aspired 708 00:39:23,160 --> 00:39:24,880 Speaker 4: to have an old Packerd or a Model Ay or 709 00:39:24,880 --> 00:39:27,120 Speaker 4: those sorts of things, and those cars got to be 710 00:39:27,239 --> 00:39:30,200 Speaker 4: very expensive, and now they've fallen off. And you know, 711 00:39:30,239 --> 00:39:34,360 Speaker 4: there was the sixties muscle car original you know, vin number, 712 00:39:34,360 --> 00:39:37,719 Speaker 4: original engine, and then it went to restaurmat and of 713 00:39:37,719 --> 00:39:41,560 Speaker 4: course the Japanese car scene's pretty hot right now. The 714 00:39:41,600 --> 00:39:44,800 Speaker 4: supercar scene has become huge and it's gone to Pebble 715 00:39:45,280 --> 00:39:47,040 Speaker 4: and Matt if you've been there, you know that, you 716 00:39:47,040 --> 00:39:50,920 Speaker 4: know it's really been overtaken out by supercars. And I agree, 717 00:39:51,680 --> 00:39:53,400 Speaker 4: I think there needs to be a supercar class. I 718 00:39:53,440 --> 00:39:56,520 Speaker 4: think it's going to continue to change, and you know 719 00:39:57,840 --> 00:40:00,480 Speaker 4: you have to flex with it. Will the pack and 720 00:40:00,520 --> 00:40:03,640 Speaker 4: the Royals races and all these rare cars still be 721 00:40:03,719 --> 00:40:05,759 Speaker 4: up on the lawn at Pebble. Yeah, for sure, I 722 00:40:05,800 --> 00:40:09,200 Speaker 4: see that for many years to come. But people's taste 723 00:40:09,320 --> 00:40:12,320 Speaker 4: change and prices change, and you know, I mean, go 724 00:40:12,840 --> 00:40:14,719 Speaker 4: look and try to collect an old Ferrari right now 725 00:40:14,719 --> 00:40:17,520 Speaker 4: and see what the value you know, of those sorts 726 00:40:17,520 --> 00:40:21,279 Speaker 4: of things are. Yeah. So, yes, I do go to 727 00:40:21,280 --> 00:40:25,000 Speaker 4: Pebble Beach, I will admit. And it's funny because I've 728 00:40:25,000 --> 00:40:29,120 Speaker 4: gotten three requests to go up and present there. I'm 729 00:40:29,120 --> 00:40:33,960 Speaker 4: not going this year. I have so much travel and 730 00:40:34,000 --> 00:40:37,040 Speaker 4: so much work that I do, and I'm very passionate 731 00:40:37,080 --> 00:40:39,879 Speaker 4: about my job in the industry and moving that ball 732 00:40:39,920 --> 00:40:41,799 Speaker 4: along and legislative work and all those things to go 733 00:40:41,880 --> 00:40:44,320 Speaker 4: with it. That I promised my wife we would go 734 00:40:44,360 --> 00:40:47,520 Speaker 4: to Hawaii for nine days, you know, August, and it's 735 00:40:47,600 --> 00:40:51,920 Speaker 4: during Pebble Beach Week, and I'm going to stick to it. 736 00:40:52,040 --> 00:40:55,760 Speaker 4: So that's how I stayed married for forty three years. 737 00:40:56,080 --> 00:40:58,799 Speaker 1: Yeah, yes, for you, dude. 738 00:40:58,800 --> 00:41:02,120 Speaker 4: Yeah, the right choice I am. I am. 739 00:41:02,360 --> 00:41:04,239 Speaker 1: You know what, Pebble will be there for you next 740 00:41:04,280 --> 00:41:05,000 Speaker 1: year too. 741 00:41:05,280 --> 00:41:07,920 Speaker 4: It will. And I got kind of funny side story. 742 00:41:08,160 --> 00:41:10,919 Speaker 4: No matter where we go, I always find the car 743 00:41:10,960 --> 00:41:13,680 Speaker 4: people and I'm sure, I'm going to find them in Hawaii. 744 00:41:14,280 --> 00:41:18,560 Speaker 4: And we had last year, we had we decided for 745 00:41:19,640 --> 00:41:22,960 Speaker 4: our anniversary to go to Italy and I promised I 746 00:41:22,960 --> 00:41:26,920 Speaker 4: would not do any car things and we end up 747 00:41:27,320 --> 00:41:30,720 Speaker 4: just tripping on by mistake, several car events and people 748 00:41:30,719 --> 00:41:33,360 Speaker 4: that we knew there. So those things happened to me. 749 00:41:33,400 --> 00:41:36,319 Speaker 4: Everywhere we go. The car guys and women always find 750 00:41:36,360 --> 00:41:38,439 Speaker 4: each other, just car people find each other no matter 751 00:41:38,440 --> 00:41:40,640 Speaker 4: where you go. And they got one hundred stories like that. 752 00:41:40,719 --> 00:41:42,280 Speaker 4: But that's just what happens. 753 00:41:44,080 --> 00:41:46,240 Speaker 3: It's true, it's not untrue. 754 00:41:46,440 --> 00:41:48,319 Speaker 5: Well, dude, I'm happy that you do what you do, 755 00:41:48,360 --> 00:41:50,520 Speaker 5: and I I really hope to get to go to 756 00:41:50,600 --> 00:41:54,439 Speaker 5: SIMA because you know, there are people like you say, 757 00:41:54,440 --> 00:41:58,319 Speaker 5: who want the original event in the original engine. But 758 00:41:58,520 --> 00:42:01,920 Speaker 5: for me, it's it's all about kind of making it 759 00:42:02,040 --> 00:42:04,880 Speaker 5: everything that I get my own, you know, and it 760 00:42:04,920 --> 00:42:08,319 Speaker 5: doesn't matter if that's a Harley Sportster or you know, 761 00:42:08,400 --> 00:42:09,560 Speaker 5: this seven sixty. 762 00:42:09,680 --> 00:42:11,359 Speaker 3: I'm looking for an exhaust for this thing. 763 00:42:11,480 --> 00:42:15,080 Speaker 5: Like I I want to car be able to change 764 00:42:15,120 --> 00:42:19,719 Speaker 5: the you know, interior would out, or I want to 765 00:42:19,760 --> 00:42:23,640 Speaker 5: put new wheels on obviously everything, and so I love 766 00:42:23,719 --> 00:42:27,440 Speaker 5: the aftermarket and it also gives me. I spend so 767 00:42:27,520 --> 00:42:32,360 Speaker 5: much time on forums. Whatever car I'm currently, motorcycle, I'm 768 00:42:32,400 --> 00:42:35,200 Speaker 5: currently I mean, I'll almost always do Cotties and Harley's, 769 00:42:35,200 --> 00:42:39,720 Speaker 5: but nice live on those forums, you know, and I learn, 770 00:42:40,239 --> 00:42:41,200 Speaker 5: and that's for me. 771 00:42:41,920 --> 00:42:43,319 Speaker 3: A lot of it is about that, you know. 772 00:42:44,000 --> 00:42:47,759 Speaker 4: So listen, we're a fifty four billion dollar year the 773 00:42:47,920 --> 00:42:51,120 Speaker 4: aftermarket performance parts seem as a fifty four billion dollar 774 00:42:51,200 --> 00:42:54,640 Speaker 4: year industry, three hundred and thirty seven billion to the 775 00:42:54,680 --> 00:42:57,799 Speaker 4: economic impact of the US one hundred one point two 776 00:42:57,920 --> 00:43:01,520 Speaker 4: million American jobs. So it is a big industry. It 777 00:43:01,600 --> 00:43:04,799 Speaker 4: is a passion industry. Math. There's millions like you out there, 778 00:43:05,360 --> 00:43:07,319 Speaker 4: you know, that have the same addiction you and I have, 779 00:43:08,040 --> 00:43:11,960 Speaker 4: and I'm excited to be part of it in the 780 00:43:12,200 --> 00:43:13,160 Speaker 4: fleet SEEMA. 781 00:43:14,520 --> 00:43:16,560 Speaker 7: Cool, Well, I hope I see you at the show, dude, 782 00:43:16,760 --> 00:43:26,799 Speaker 7: same man, we'll hang out, all right. 783 00:43:26,800 --> 00:43:29,799 Speaker 5: That was our conversation with Mike Stagnola, the CEO of 784 00:43:29,960 --> 00:43:34,680 Speaker 5: SEEMA and also an active board member at the f 785 00:43:34,680 --> 00:43:36,240 Speaker 5: i A, which is pretty interesting. 786 00:43:36,280 --> 00:43:37,799 Speaker 2: I mean, the stuff he told us about F one 787 00:43:37,920 --> 00:43:38,520 Speaker 2: is pretty cool. 788 00:43:38,760 --> 00:43:41,600 Speaker 1: Fascinated. I want to know all that gossip because you 789 00:43:41,640 --> 00:43:43,560 Speaker 1: know it's gonna there's something. There's something happening. 790 00:43:44,480 --> 00:43:47,720 Speaker 5: Well, they do have to repeat races or or hold 791 00:43:47,800 --> 00:43:49,279 Speaker 5: more this season. 792 00:43:49,440 --> 00:43:49,759 Speaker 7: Do they? 793 00:43:49,840 --> 00:43:50,040 Speaker 4: Though? 794 00:43:50,880 --> 00:43:53,759 Speaker 1: I kind of thought they were just going to skip completely. 795 00:43:55,000 --> 00:43:57,480 Speaker 1: I hadn't heard this thing about multiple I just kind 796 00:43:57,480 --> 00:43:59,959 Speaker 1: of heard, Okay, we're going to pass and keep moving forward. 797 00:44:01,280 --> 00:44:02,400 Speaker 2: I know that when. 798 00:44:04,000 --> 00:44:07,320 Speaker 5: Moto GP has had a problem, they had floods in 799 00:44:07,400 --> 00:44:10,799 Speaker 5: Valencia and so they couldn't hold what is traditionally the 800 00:44:10,880 --> 00:44:15,200 Speaker 5: last race at Chess. They they just held one somewhere else. 801 00:44:15,239 --> 00:44:17,879 Speaker 5: Like they they are fairly flexible. I guess F one 802 00:44:18,000 --> 00:44:20,000 Speaker 5: is an even bigger circus. But I'm sure that they 803 00:44:20,040 --> 00:44:21,920 Speaker 5: can add a race if they need to. 804 00:44:22,880 --> 00:44:26,320 Speaker 1: Yeah, thro you know, revive an old track. That that's easy, 805 00:44:27,000 --> 00:44:28,000 Speaker 1: you know, bring it back. 806 00:44:28,040 --> 00:44:32,480 Speaker 2: I didn't even wash last weekend. I still haven't seen it. 807 00:44:32,520 --> 00:44:33,800 Speaker 2: I guess because I was having a baby. 808 00:44:33,960 --> 00:44:36,400 Speaker 1: Well, you had other priorities. 809 00:44:36,560 --> 00:44:37,160 Speaker 2: It's fine. 810 00:44:37,640 --> 00:44:41,239 Speaker 5: Yeah, But anyway, it'll be cool if they do bring 811 00:44:41,320 --> 00:44:42,920 Speaker 5: back the V eights, And it'll be cool if I 812 00:44:42,960 --> 00:44:44,839 Speaker 5: can actually get to Sema this year. 813 00:44:45,840 --> 00:44:52,080 Speaker 1: Yeah, come to come to Monterey, make make that. Is 814 00:44:52,120 --> 00:44:54,320 Speaker 1: there a reason are you doing family stuff in August? 815 00:44:54,719 --> 00:44:55,360 Speaker 1: Is there a reason? 816 00:44:55,400 --> 00:44:55,760 Speaker 4: No? 817 00:44:55,880 --> 00:44:59,680 Speaker 5: But Mike is taking his wife to Hawaii, but I 818 00:44:59,719 --> 00:45:01,080 Speaker 5: don't have anything planned. 819 00:45:01,200 --> 00:45:04,000 Speaker 2: I mean, I'm gonna be dealing with this infant child. 820 00:45:03,920 --> 00:45:08,440 Speaker 1: Right, you know, right right right, Well, at some point 821 00:45:09,680 --> 00:45:11,480 Speaker 1: I think you will. 822 00:45:11,600 --> 00:45:13,000 Speaker 2: At some point I have to go. I'm not sure 823 00:45:13,000 --> 00:45:14,560 Speaker 2: if I come past this summer. 824 00:45:14,719 --> 00:45:16,799 Speaker 1: I know, I know, I know, and I'm not even 825 00:45:16,840 --> 00:45:20,280 Speaker 1: going to suggest it because I respect the woman. 826 00:45:21,160 --> 00:45:26,239 Speaker 2: But at some point, in any case, there's a lot, 827 00:45:26,280 --> 00:45:27,719 Speaker 2: there's a lot of stuff to do. We still have 828 00:45:27,760 --> 00:45:29,600 Speaker 2: to go on the raptor rally. You have to go. 829 00:45:29,680 --> 00:45:32,279 Speaker 1: I know I ain't got to pitch. You know, I'm 830 00:45:32,320 --> 00:45:36,560 Speaker 1: pitching that you do it. I know my editor doesn't 831 00:45:36,560 --> 00:45:38,640 Speaker 1: know it yet, but I've already got to I've already 832 00:45:38,640 --> 00:45:40,800 Speaker 1: got to pitch because I think it'd be a great 833 00:45:40,840 --> 00:45:44,400 Speaker 1: piece on on exactly this idea that like people are 834 00:45:44,440 --> 00:45:47,759 Speaker 1: spending so much money. It's like people are doing it. 835 00:45:47,800 --> 00:45:51,120 Speaker 5: Mike Spagnola, his whole family is off road. You know 836 00:45:51,160 --> 00:45:54,359 Speaker 5: that Farley's obsessed with it. We've got Danny Ricardo going 837 00:45:54,400 --> 00:45:57,360 Speaker 5: out there with this. I mean, it's going to be sick. 838 00:45:59,320 --> 00:45:59,759 Speaker 4: All right. 839 00:46:00,239 --> 00:46:03,520 Speaker 1: Call my editor, I'll give you her number. Make a 840 00:46:03,560 --> 00:46:04,120 Speaker 1: pitch for me. 841 00:46:05,239 --> 00:46:05,520 Speaker 4: We'll do. 842 00:46:05,680 --> 00:46:07,480 Speaker 5: I got a run that does it for this week's 843 00:46:08,600 --> 00:46:10,600 Speaker 5: That does it for this week's show. Remember to follow 844 00:46:10,640 --> 00:46:14,520 Speaker 5: and subscribe to Hot Pursuit on Apple, Spotify, and anywhere 845 00:46:14,560 --> 00:46:16,960 Speaker 5: else you listen. You can also send us your comments 846 00:46:17,000 --> 00:46:20,680 Speaker 5: email us at hot Pursuit at bloomberg dot net. 847 00:46:20,760 --> 00:46:22,879 Speaker 1: And you can check out my columns and Matt's TV 848 00:46:23,040 --> 00:46:26,040 Speaker 1: show on Bloomberg dot com and the Bloomberg Business app 849 00:46:26,120 --> 00:46:29,520 Speaker 1: and Bloomberg TV. Go there for car reviews, events and 850 00:46:29,560 --> 00:46:32,799 Speaker 1: stories that you won't find anywhere else. Find it all 851 00:46:32,840 --> 00:46:37,920 Speaker 1: at Bloomberg dot com, slash Pursuits, slash Autos. I'm Hannah Elliott, 852 00:46:39,040 --> 00:46:39,760 Speaker 1: I'm Matt Miller. 853 00:46:39,800 --> 00:46:41,960 Speaker 2: We'll be back in your podcast feed again next week