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Speaker 1: I'm Matt Miller and I'm Hannah Elliott, and this is

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Speaker 1: Hot Pursuit.

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Speaker 2: All right, So just to introduce ourselves because I realized

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Speaker 2: we haven't been in the last few episodes. I'm a

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Speaker 2: financial journalist. I anchor a show on Bloomberg Television and

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Speaker 2: Bloomberg Radio. But I've been focused on the car industry

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Speaker 2: for a good twenty years.

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Speaker 1: And I'm Hannah Elliott, and I've been riding about cars

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Speaker 1: for about the same about twenty years, first for Forbes.

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Speaker 3: And now for Bloomberg. I just had my tenure.

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Speaker 1: Anniversary for Bloomberg, and I focus on the fun stuff,

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Speaker 1: the luxury brands, the collectible things, the things that you

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Speaker 1: might aspire to buy and collect. I always say, Bloomberg

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Speaker 1: often tells you how to make money, but I'm going

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Speaker 1: to help you spend your money.

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Speaker 4: Yes, Hannah.

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Speaker 2: Hannah focuses on the luxury stuff and the collector's market

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Speaker 2: and the high end. I'm interested in the trucks and

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Speaker 2: kind of the rugged, stuffy.

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Speaker 4: I like American.

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Speaker 2: Muscle and but we overlap in our for Porsche's, for example.

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Speaker 3: It's a Venn diagram of sorts.

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Speaker 4: Yes it is.

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Speaker 3: You will end motorcycle riding of course.

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Speaker 2: Also true, also true. I remember when you first came

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Speaker 2: here and I was like, cool, she rides bikes. Also

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Speaker 2: here being to Bloomberg. Let me go through the topics

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Speaker 2: that we're going to cover today for our listeners. We're

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Speaker 2: going to kick it off with Porsche's We're going to

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Speaker 2: talk about a very interesting Porsche that you drove and

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Speaker 2: some of the stuff that Porsche is doing in is

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Speaker 2: it skunk works the right word in kind of their

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Speaker 2: inner road racy segy.

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Speaker 1: They never use that term, but I think that's a

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Speaker 1: good term for it. They kind of say, oh, it's

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Speaker 1: the stuff we do on Saturday mornings when we are

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Speaker 1: having our coffee and talking.

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Speaker 4: That's very cool. So we'll talk about that.

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Speaker 2: We're also going to talk about the Ford F one

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Speaker 2: fifty Lightning, because not only did I drive it last

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Speaker 2: week and I ended up having a great time with it.

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Speaker 2: It was incredibly useful, but also they've introduced a new

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Speaker 2: off road kind of raptorized version of the Lightning that

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Speaker 2: they plan to bring to King of the Hammers.

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Speaker 4: I love.

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Speaker 1: I think this is a really bold move and more

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Speaker 1: automakers should do this type of thing. And I'll call

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Speaker 1: out some names later.

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Speaker 4: Yeah, and they're doing a ton of it.

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Speaker 2: I think they're putting more into their race program this

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Speaker 2: year than they ever have at Ford. We're also going

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Speaker 2: to cover something that, you know, I love recent classics

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Speaker 2: or I love newer you can RaSE.

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Speaker 3: It, Matt to find five years, ten years, Yeah.

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Speaker 2: You know, ten twenty years, twenty is maybe even too

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Speaker 2: far back. I like recent cars because they're safe and

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Speaker 2: they have all the tech that I need. But they've

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Speaker 2: already taken the depreciation hit and I've found one very

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Speaker 2: interesting in the twenty sixteen bmw M four GTS. It's

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Speaker 2: so weird and unique that I'm excited to talk about

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Speaker 2: it and hear what you think as well.

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Speaker 4: But let's kick it off with Edith. First of all,

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Speaker 4: tell us who Edith is.

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Speaker 1: So we touched on this last week before I after

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Speaker 1: I had driven her, but before the embargo lifted, and

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Speaker 1: Edith is this chopped up nine to eleven Carrera four

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Speaker 1: us that Bloomberg took to the top of a volcano

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Speaker 1: in Chili and set an altitude record of Bloomberg.

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Speaker 3: Sorry that Porsche porshould it.

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Speaker 1: Let me rephrase that we don't have our own skunk

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Speaker 1: works yet, but maybe that's maybe Matt and I'll start

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Speaker 1: that Porsche took it to the top of this volcano

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Speaker 1: and set an altitude record for over twenty two thousand

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Speaker 1: feet above sea level. They they are claiming it's the

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Speaker 1: highest that any machine two wheels or four wheels has

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Speaker 1: ever driven. And the car was driven by Romaine Dumas,

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Speaker 1: this amazing French driver. He does a lot of off

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Speaker 1: road and he'll climb stuff, so that's very cool. So Porscha,

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Speaker 1: I think, is just trying to get some mileage out

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Speaker 1: of the car. It's a it's a one of one.

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Speaker 1: They actually have, well they have two of them. They're

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Speaker 1: slightly different, but they invited.

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Speaker 2: One and exactly the one has an equally old sounding name.

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Speaker 3: The other is Doris.

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Speaker 1: I mean they're basically named after some of the engineer's grandmas.

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Speaker 1: I said, well, where do the names come from? And

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Speaker 1: they're like, well, we like Edith Poff and it was

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Speaker 1: driven by a Frenchman. But also that's my grandma's name,

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Speaker 1: and I think the same applies to Doris. But I

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Speaker 1: went out in Malibu and drove them on this very

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Speaker 1: cool off road course.

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Speaker 3: I actually drove both.

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Speaker 1: I only wrote about the Edith drive because that was

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Speaker 1: the record setting car. But I drove both and they're

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Speaker 1: actually seven speed manual cars, which I've never driven a

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Speaker 1: manual off road. I've driven a bunch of things off road,

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Speaker 1: but they all happen to have automatic.

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Speaker 3: These were seven.

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Speaker 1: Speed manual, but it's a type of manual that you know,

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Speaker 1: first gear is like five miles an hour, second gears

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Speaker 1: like ten or fifteen miles an hours, very very very

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Speaker 1: reduced ratios so that you can really crawl over boulders.

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Speaker 1: Porsche was big to say, look, these cars are not

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Speaker 1: like the nine to eleven de Car that we saw

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Speaker 1: that they're selling.

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Speaker 3: That's like a two hundred and twenty thousand dollars car.

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Speaker 1: The are not for sale that the de Car is for,

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Speaker 1: you know, like driving fast across sand. These are for

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Speaker 1: crawling over rocks. So yeah, I did some rock crawling.

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Speaker 1: I blasted up some hills as fast as fast as

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Speaker 1: Edith would go, and I mean talk about loud clanging.

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Speaker 1: The inside's completely stripped. It's literally a steel cage. There's

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Speaker 1: one seat in it, there's a hydraulic handbrake, there's onboard oxygen.

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Speaker 1: This is pretty wild, and I have to say it

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Speaker 1: was so fun. My takeaway was, Hey, the car's great,

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Speaker 1: but a record in Chili is a bit remote and

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Speaker 1: not exactly relevant. Why don't we put these cars in

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Speaker 1: something like King of the Hammers or something like put

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Speaker 1: it in a public race and put your money where

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Speaker 1: your mouth is.

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Speaker 4: Yeah, I mean I haven't gone to King of the Hammers,

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Speaker 4: but I.

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Speaker 2: Love these vehicles built for the decar or built for

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Speaker 2: the baha, you know, the fast ones, and in the

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Speaker 2: truck world they're the Raptor obviously is one in the

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Speaker 2: TRX is kind of along those lines, but you got

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Speaker 2: to go to like a Dodge, a power wagon for

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Speaker 2: more like a rock crawler or really a jeep. Right,

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Speaker 2: Some Broncos are outfitted for rock crawling. Some Broncos are

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Speaker 2: outfitted for speed. These Porschas are outfitted for the rock

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Speaker 2: crawling thing. I just for me, I don't feel like

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Speaker 2: it would be as much fun, but I've never actually

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Speaker 2: done it, So maybe if I did some rock crawling,

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Speaker 2: I would understand the enjoyment of sloth.

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Speaker 3: That's a good way to put it. Is so fun.

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Speaker 1: And in California, especially in some of these desert states,

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Speaker 1: it's such a wild culture. You know, King of the

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Speaker 1: Hammers is starting next week and it's.

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Speaker 4: King of the Hammers have like a number of different

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Speaker 4: events or what.

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Speaker 3: Yeah, it's it's it's it's a big.

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Speaker 1: It's a big series of races out in the desert

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Speaker 1: a couple hours outside of Los Angeles, and people build

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Speaker 1: their own and companies build their own trophy trucks. That's

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Speaker 1: sort of a generic colloquial term for these big rock

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Speaker 1: crawlers that will literally climb up the side of a

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Speaker 1: mountain for lack of a better word. They're really it's

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Speaker 1: amazing what they can do. And none of this is

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Speaker 1: high speed. It's kind of slow motion. You might almost

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Speaker 1: think it's a little bit boring to watch because it

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Speaker 1: is extremely technical and extremely slow and it admittedly it's

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Speaker 1: really niche, which I think is why Portie isn't making

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Speaker 1: more Ediths.

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Speaker 3: You know, this is so niche that Edith is not.

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Speaker 1: Even road legal. You can't have around the open road.

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Speaker 1: This is really niche, but it's fun. It's kind of

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Speaker 1: an expensive hobby. It sounds like, Wow, you're just out

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Speaker 1: in the desert with some trailers, and like it's actually

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Speaker 1: really deceiving because yeah, you're out in the desert for

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Speaker 1: a week and you look, you know, like you haven't bathed,

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Speaker 1: and it's very mad Max slash Burning Man. But that's

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Speaker 1: actually cool and there's a lot of money behind it.

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Speaker 2: So I was listening to Eddie Ulterman with Ezra Dyer,

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Speaker 2: these road and track guys, and they were talking about

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Speaker 2: the success of the faster off road vehicles like a

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Speaker 2: Raptor or a Dekar also because not only are they

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Speaker 2: more capable than anyone really needs to go to Starbucks,

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Speaker 2: but they're great for commuting in urban areas. These the

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Speaker 2: rock crawling vehicles, they're not going to have the same

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Speaker 2: kind of appeal to your average commuter, right, No, so

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Speaker 2: you've got to do to go to Moab, or you've

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Speaker 2: got to do a King of the Hammers in order

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Speaker 2: to use these things.

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Speaker 4: Ah, it's just as expensive.

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Speaker 1: It's it's wildly expensive, I mean fuel logistics being out

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Speaker 1: there for a week, and then the trucks themselves are

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Speaker 1: so expensive. But you bring up a really good point,

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Speaker 1: and this is reminding me. Even Lamborghini made that off

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Speaker 1: road Hurrican, the Sterrado, oh yeah, which they are selling

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Speaker 1: and I actually had a chance to drive as well,

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Speaker 1: and that is not a rock crawler, but in a way,

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Speaker 1: that's like the perfect commuter Lamborghini, because normal Lamborghinis are

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Speaker 1: they're a little bit stressful to drive. They can be

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Speaker 1: because even if you're just driving over sort of uneven pavement,

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Speaker 1: it's tricky and you've got to really be careful when

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Speaker 1: you're pulling in and out of out of you know,

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Speaker 1: the Sunset Tower, and make sure you don't chin it

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Speaker 1: at all on the on the pavement as you're pulling out.

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Speaker 1: But with something like the Strato which gives you a

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Speaker 1: little more clearance and some some sort of underpinnings that

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Speaker 1: can help prevent again scratching, that's actually very drivable Lamborghini.

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Speaker 4: Yeah know, the the race cars, the supercars, the hyper cars.

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Speaker 2: Yeah, you know, they look cool and the stats are amazing,

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Speaker 2: and they're beautiful pieces of art in most cases or

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Speaker 2: in a lot of cases, but they would be difficult

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Speaker 2: to drive on the daily.

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Speaker 1: Yeah.

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Speaker 2: I feel like Matt Farrah built his own garage because

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Speaker 2: he didn't want to curb his cuntash, you.

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Speaker 3: Know, probably.

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Speaker 1: I remember him telling me when he was just building

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Speaker 1: it about the minutia of measuring, like the turning angles

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Speaker 1: and the turning radius around every every single ramp in

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Speaker 1: that garage. I mean he approached it like a complete mathematician. Yeah,

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Speaker 1: for that very reason.

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Speaker 2: Yeah, I'll never I've heard him explain that, and that

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Speaker 2: it always sticks in my head as well. Speaking though

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Speaker 2: of King of the Hammers, I mentioned the Lightning. I've

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Speaker 2: been driving it for the last week, and to me,

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Speaker 2: it's had such great utility that I've it's grown on me.

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Speaker 2: Although there's no passion for the Lightning, you know when

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Speaker 2: I see it, when I get in it, it's comfortable

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Speaker 2: and it's big, and I like those things. It's capable

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Speaker 2: of holding two rear facing car seats in the back,

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Speaker 2: which I need right now. It was great in the snow.

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Speaker 2: We had a snowstorm in New York and it's proved

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Speaker 2: very capable.

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Speaker 1: How's the battery life in the very extreme cold, because

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Speaker 1: you know that's been in the headlines lately.

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Speaker 2: So I was having so much fun doing my sort

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Speaker 2: of charging experiments, like journalistically charging it.

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Speaker 3: Is this a scientific till?

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Speaker 4: I wanted to see what would what it would be

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Speaker 4: like to live with in the real world.

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Speaker 2: I've heard all these horror stories about electrify America and indeed,

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Speaker 2: the wait times are usually long. Not all of them work,

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Speaker 2: and it takes a lot longer than you feel like

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Speaker 2: it should.

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Speaker 4: Plus, to my surprise, it costs a lot.

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Speaker 3: It's a charge.

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Speaker 2: It cost me like sixty dollars to charge from twenty

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Speaker 2: percent to eighty percent or ninety percent. I know. I

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Speaker 2: thought the whole idea was you get free Jeus and

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Speaker 2: probably if you buy one you get a pass for

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Speaker 2: a few years or whatever. And anyway, because I was

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Speaker 2: charging it so much, I didn't have any issue with

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Speaker 2: range anxiety this time.

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Speaker 4: And I was also able to floor it in sport

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Speaker 4: mode a lot, which was it's so fast, it's so quick.

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Speaker 3: Do you just charge at your home?

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Speaker 4: No, I don't.

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Speaker 2: That's why I was driving to these electrify Americas. But

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Speaker 2: near me there are a bunch of them. And in

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Speaker 2: any case, the thing is so useful but boring. And

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Speaker 2: now Ford is going to make a new version of

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Speaker 2: the Lightning for King of the Hammers with the company

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Speaker 2: cool switch Gear.

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Speaker 4: Yeah you saw the release, Yeah, I saw.

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Speaker 3: The release there.

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Speaker 1: I know that they have like extended the track with

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Speaker 1: on the Lightning, and they've improved the ride height and

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Speaker 1: they've like adjusted the suspension and they've put in these

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Speaker 1: shock absorbers. It seems like they've kind of given it

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Speaker 1: the Safari Bah treatment that we were just talking about

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Speaker 1: with Sortion, Yeah and Lamborghine like.

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Speaker 4: Like a Raptor. It seems like they've raptorized it.

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Speaker 2: And although because they're working with RTR Vehicles to make

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Speaker 2: the lightning switch gear, it's going to be not using

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Speaker 2: the term Raptor, I would assume, but yeah, a wider

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Speaker 2: track is what they did with the original Raptor. In fact,

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Speaker 2: when they did that back in thirteen or so, Ford

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Speaker 2: said no one else could do it because they didn't

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Speaker 2: have the width on the production lines, which is pretty cool.

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Speaker 2: And I think the instant torque is going to be

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Speaker 2: a huge bonus to the kind of rock crawling or

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Speaker 2: hill climb activities that would be at King of the Hammer.

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Speaker 4: We're recording this on a.

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Speaker 2: Wednesday, so I haven't seen the thing either, but when

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Speaker 2: it drops on Saturday, people will have seen it. And

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Speaker 2: they're doing a bunch of other stuff as well. I

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Speaker 2: noticed in the press release they said they're gonna build

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Speaker 2: a new version of Raptor, a race version of Raptor

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Speaker 2: for the Dakar and they're working with the BMW M

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Speaker 2: Sport division.

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Speaker 3: That is so cool.

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Speaker 4: Yeah, so cool.

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Speaker 1: It's like it's kind of weirdly collaborative. Yes, I mean,

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Speaker 1: I feel like usually if an automaker uses components or

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Speaker 1: collaborates with another automaker, they don't really talk.

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Speaker 3: They don't talk.

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Speaker 2: About it, like it's somehow shunned as well by the public,

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Speaker 2: you know everyone. Yes, everyone seemed so offended that BMW

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Speaker 2: and Toyota work together. Yeah, and they thought the Toyota

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Speaker 2: was too much of a BMW, which is weird. I

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Speaker 2: would think you're worried about the BMW being too much

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Speaker 2: of a Toyota completely, But I love it when carmakers

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Speaker 2: work together, and I get why they're restrained a little bit,

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Speaker 2: but let's face it, every noon one's using the same

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Speaker 2: at this point displacement right there, two liter four cylinder

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Speaker 2: or a three leter six cylinder or a four leader eight, Like, yeah,

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Speaker 2: they're all using the same plans and spending individual money

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Speaker 2: to build these things. Why don't they work together more often?

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Speaker 2: And Ford has been pretty good about this. They work

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Speaker 2: with Folkswagen. I think in the dawning of the electric vehicle,

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Speaker 2: more and more of them are realizing, yeah, they can

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Speaker 2: invest together.

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Speaker 1: I was just going to say that I think the

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Speaker 1: really the older well established OEMs would probably are are

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Speaker 1: doing well to work together because as we've spoken about before,

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Speaker 1: there's a whole host of startups and electric guys that

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Speaker 1: are coming to eat their launch when it comes to

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Speaker 1: electric vehicles. So I don't want to put pitted as

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Speaker 1: you know, it's the old automakers versus the new ones,

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Speaker 1: but I do think the established automakers have a vested

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Speaker 1: interest in figuring out how to survive together in this

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Speaker 1: new world. Do you get a sense that Forward will

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Speaker 1: be selling this something some at some point will be

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Speaker 1: selling this switch gear or.

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Speaker 3: Some I mean a future version of it.

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Speaker 2: I would imagine that if it's successful and if they

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Speaker 2: can make it work from a cost side, they will

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Speaker 2: because they've made so much money. You know, they started

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Speaker 2: the whole Baja racing truck for sale thing kind of

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Speaker 2: and with the Raptor and then.

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Speaker 3: Raptor wildly successful, Yeah.

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Speaker 2: Hugely successful, and the Bronco has been very successful, and

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Speaker 2: everybody wants one of these, you know. Obviously the jeep

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Speaker 2: Wrangler has been successful for decades. Everybody loves these specialized

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Speaker 2: vehicles that are capable of far more than they're going

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Speaker 2: to use them for. The g Wagon, you know, is iconic.

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Speaker 2: The range Rover, you know, they easily charge two hundred

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Speaker 2: thousand dollars for these things and nobody takes them off

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Speaker 2: road ever.

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Speaker 1: Yeah, and you know what, but in spite of that,

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Speaker 1: I think the real opportunity for the money making is

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Speaker 1: all of the upgrades and add ons and all of

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Speaker 1: the off road kits and gear and all of that.

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Speaker 1: I mean, that's what makes Wrangler so profitable for Jeep.

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Speaker 1: And we've had them say this that it's everything else

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Speaker 1: that people are adding on to their off road truck,

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Speaker 1: whether or not they actually go off road. That's where

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Speaker 1: the real moneymaker is for the automaker.

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Speaker 4: Yeah, absolutely so.

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Speaker 2: I think they'll sell the F one fifty lightning switch

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Speaker 2: gear eventually in some form if they can make it

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Speaker 2: work from the cost side. This new Raptor race vehicle,

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Speaker 2: I couldn't tell from the press release if it's for

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Speaker 2: racing only or if it's going to be like Raptor

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Speaker 2: R Gen two.

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Speaker 3: I don't know.

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Speaker 1: I just I'm looking at the material. It says that

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Speaker 1: the truck will take learnings from twenty twenty four and

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Speaker 1: be designed along with the m sport and they're going

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Speaker 1: for the outright win. So that's I mean yeah at

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Speaker 1: Decar which again like this is a prestigious you know,

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Speaker 1: global long running race, Porsha needs to get in there.

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Speaker 1: I really think if Porsia has such a history of

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Speaker 1: doing adventure races, you know, Carrera Panamericana, they should do

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Speaker 1: something like this.

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Speaker 3: They need to get in there, and it's doing a

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Speaker 3: great top of it.

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Speaker 2: We should once again mention that we have an email

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Speaker 2: address by the way, oh yes, for anyone to write

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Speaker 2: in questions or suggestions.

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Speaker 4: What's the email address again?

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Speaker 1: The email address is hot Pursuit at Bloomberg dot net

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Speaker 1: and hot Pursuit at Bloomberg dot net and that's Bloomberg

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Speaker 1: b e Erg in case you are unaware.

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Speaker 4: Exactly instead of that you're mountain.

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Speaker 2: We should also deep tease our guests for next week

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Speaker 2: because while we're talking about race, you know, off road

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Speaker 2: races and King of the Hammers, we have a great

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Speaker 2: guest for next week who has one off road races

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Speaker 2: and will be what attending King of the Hammers or

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Speaker 2: running it.

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Speaker 1: Yeah, So Emily Miller is the head of communications for

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Speaker 1: King of the Hammers, and more specifically, she is the

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Speaker 1: founder of the Rebel Rally, which is the longest running

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Speaker 1: off road rally in the United States.

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Speaker 3: It happens to be for women only. I myself have

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Speaker 3: participated in it.

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Speaker 1: I was paired with an amazing navigator named Susie Saxon,

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Speaker 1: who I'm still in awe of because I cannot.

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Speaker 3: Figure out how she was navigating.

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Speaker 1: It's a type of race where you don't use GPS,

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Speaker 1: you just use maps and like compasses and some of

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Speaker 1: those like plier looking things.

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Speaker 3: I don't, I can't. Yeah, but Emily is a record holder.

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Speaker 1: She has driven a solo off road from like Reno

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Speaker 1: to Vegas and set records and she's gonna be with

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Speaker 1: us next week talking about just this culture where the

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Speaker 1: growth is, why automakers are really tapping into it, like Ford,

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Speaker 1: why it's for them to be here, And she's just

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Speaker 1: kind of a badass.

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Speaker 3: I'm a big, big Emily Miller.

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Speaker 2: Fan, all right, and no relation to me that I

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Speaker 2: know of, but very much looking forward to it. So

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Speaker 2: it's yeah, everyone's getting into it. Porsche setting altitude records.

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Speaker 2: Ford is going to bring its electric truck to King

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Speaker 2: of the Hammers, and obviously they kicked off the whole

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Speaker 2: Raptor TRX in a sense kind of power wagon. I know,

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Speaker 2: people say, oh, power wagon can be four, but the

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Speaker 2: popularity of its swored with Forte Lisa, the Raptor. Everyone

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Speaker 2: including BMW and the M Sport Division is apparently excited

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Speaker 2: to go off road. But I want to talk about

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Speaker 2: an M vehicle that would never go off road and

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Speaker 2: is apparently difficult even to drive on the road. So

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Speaker 2: this is the recent classic that I think is under

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Speaker 2: maybe undervalued right now. That is the twenty sixteen BMW

400
00:19:51,840 --> 00:19:54,680
Speaker 2: M four GTS. Now I hadn't even heard of this

401
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Speaker 2: until how did you hear about? My neighbor is thinking

402
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Speaker 2: about buying one. He's a total BMW fan and he

403
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Speaker 2: loves he has an M two, the last generation. He

404
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Speaker 2: loves a stiff ride, he loves, you know, a manual transmission.

405
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Speaker 4: He just likes to be in touch with the road.

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Speaker 2: And apparently, yeah, the GTS, although it doesn't have a manual,

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Speaker 2: fits that bill of a.

408
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Speaker 4: Very tactile vehicle.

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Speaker 2: In fact, a lot of people debate whether it's more

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Speaker 2: just a track car than it is a road cars.

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Speaker 2: Let me tell you the weirdest things though about it.

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Speaker 2: First of all, it's got water injection and I'd never

413
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Speaker 2: heard of mean of this before. There's a five liter

414
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Speaker 2: tank in the back that you're supposed to fill with

415
00:20:39,280 --> 00:20:42,639
Speaker 2: distilled water every three or four times. You gas up,

416
00:20:43,040 --> 00:20:45,399
Speaker 2: and then with an injector, it shoots it in with

417
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Speaker 2: the air mixture to lower the intake temperature by eighty

418
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Speaker 2: degrees fahrenheit, which is pretty cool. It adds seventy horse

419
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Speaker 2: power to the normal M four and forty pounds of

420
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Speaker 2: torque pound feet of torque, so you know, you're talking

421
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Speaker 2: about all almost five hundred horse power I think four

422
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Speaker 2: hundred forty pound feet of torque in this M four GTS,

423
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Speaker 2: and they only made I think seven hundred globally and

424
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Speaker 2: maybe three hundred for the US.

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Speaker 3: That's that's a truly limited edition exactly.

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Speaker 4: So it's this kind of limited edition that you know.

427
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Speaker 2: The previous GTS was an M three GTS from the

428
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Speaker 2: E ninety two generation that you were talking about last week,

429
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Speaker 2: and they sold. Everybody was offended by the price. They're like,

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Speaker 2: why would I pay one hundred and thirty thousand dollars

431
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Speaker 2: for this M three GTS? You know, double the price

432
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Speaker 2: of the regular M three. Well, I've looked on you know,

433
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Speaker 2: Bring a Trailer and some other auction sites. They're now

434
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Speaker 2: going for over two hundred grand.

435
00:21:43,560 --> 00:21:46,880
Speaker 1: Wow, so'sing, but these are not yet.

436
00:21:47,480 --> 00:21:50,800
Speaker 2: No, no, these are still so the M four GTS

437
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Speaker 2: it sold for I think one hundred and thirty four

438
00:21:53,320 --> 00:21:56,600
Speaker 2: and the regular M four was seventy grand, so also

439
00:21:56,720 --> 00:22:01,359
Speaker 2: double the price. But I'm seeing them for eighty ninety

440
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Speaker 2: one hundred. You know, sales made on Bring a Trailer

441
00:22:05,560 --> 00:22:07,560
Speaker 2: over the past couple of years ninety and one hundred,

442
00:22:08,240 --> 00:22:09,639
Speaker 2: and of course the past couple years have been in

443
00:22:09,680 --> 00:22:11,680
Speaker 2: crazy time for prices, but they're just not back to

444
00:22:11,760 --> 00:22:15,480
Speaker 2: the MSRP, which is weird because if you look at

445
00:22:15,880 --> 00:22:19,719
Speaker 2: limited editions of the BMW's like you know, the CSL

446
00:22:20,160 --> 00:22:23,040
Speaker 2: or the previous GTS, if you look at limited editions

447
00:22:23,080 --> 00:22:25,320
Speaker 2: of a nine to eleven or you know, any of

448
00:22:25,400 --> 00:22:27,840
Speaker 2: these high performance cars, they all go for more than

449
00:22:27,880 --> 00:22:28,320
Speaker 2: the sticker.

450
00:22:28,440 --> 00:22:30,280
Speaker 4: Yes, almost the second they roll.

451
00:22:30,200 --> 00:22:30,680
Speaker 1: Off the lock.

452
00:22:32,000 --> 00:22:35,879
Speaker 3: Yeah, yes, this is interesting. So why not with the

453
00:22:36,080 --> 00:22:38,800
Speaker 3: M four You said it was hard to drive, so.

454
00:22:39,040 --> 00:22:42,359
Speaker 2: Yeah, Jason Commission did a video which was kind of funny,

455
00:22:42,440 --> 00:22:46,440
Speaker 2: but I couldn't tell if he was angry with the

456
00:22:46,680 --> 00:22:49,960
Speaker 2: M Sport Division or if he was thankful for the

457
00:22:50,119 --> 00:22:53,520
Speaker 2: M Sport Division, because he does this whole spiel where

458
00:22:53,520 --> 00:22:56,000
Speaker 2: it's impossible to get out of his driveway and then

459
00:22:56,520 --> 00:23:01,080
Speaker 2: every speed bump is difficult because the front splitter is

460
00:23:01,240 --> 00:23:04,760
Speaker 2: so low that you're going to rub it on everything.

461
00:23:04,960 --> 00:23:07,280
Speaker 2: It's got a massive tail, and as far as I

462
00:23:07,320 --> 00:23:11,600
Speaker 2: can tell, it's one of only two road going BMW's

463
00:23:11,640 --> 00:23:13,960
Speaker 2: that comes with a giant wing on the back.

464
00:23:14,560 --> 00:23:17,480
Speaker 4: Both both the splitter and the wing are adjustable.

465
00:23:17,680 --> 00:23:18,920
Speaker 2: Yeah, but you know what I would do if I

466
00:23:19,040 --> 00:23:20,560
Speaker 2: was going to buy one of these things, I would

467
00:23:20,640 --> 00:23:22,479
Speaker 2: take off the splitter and the wing and put them

468
00:23:22,480 --> 00:23:23,120
Speaker 2: in my garage.

469
00:23:23,720 --> 00:23:26,119
Speaker 1: Yes, I mean this sounds like the exact opposite of

470
00:23:26,320 --> 00:23:30,960
Speaker 1: what we were talking about with the commuting commuting Lamborghini.

471
00:23:30,680 --> 00:23:33,920
Speaker 3: Exactly like it seems to drive. Yeah, that is, it

472
00:23:34,600 --> 00:23:36,119
Speaker 3: can take the fun out of it.

473
00:23:36,359 --> 00:23:40,639
Speaker 1: And also one little scratch on that splitter is going

474
00:23:40,720 --> 00:23:43,520
Speaker 1: to look It's instantly going to make it look trash.

475
00:23:43,680 --> 00:23:45,639
Speaker 4: Yeah, carbon fiber. I don't know the price of the splitter,

476
00:23:45,720 --> 00:23:46,480
Speaker 4: but I know the tail.

477
00:23:46,760 --> 00:23:49,960
Speaker 2: The wing is six thousand dollars wingh So the splitter's

478
00:23:50,000 --> 00:23:51,440
Speaker 2: got to be very expensive as well.

479
00:23:51,560 --> 00:23:52,120
Speaker 4: That's a lot.

480
00:23:52,280 --> 00:23:55,640
Speaker 2: The water tank is a four thousand dollars piece of equipment.

481
00:23:55,760 --> 00:23:57,560
Speaker 2: So if you have a problem with the water injection,

482
00:23:57,640 --> 00:23:59,920
Speaker 2: which by the way, the water injection starts at five

483
00:24:00,000 --> 00:24:00,800
Speaker 2: one thousand rpm.

484
00:24:00,920 --> 00:24:01,719
Speaker 4: No, it's not optional.

485
00:24:02,240 --> 00:24:04,480
Speaker 3: You must do the distilled water.

486
00:24:04,800 --> 00:24:06,760
Speaker 2: That's the whole point. I mean, you don't have to.

487
00:24:07,040 --> 00:24:08,960
Speaker 2: You can let it run out of water. And I

488
00:24:09,000 --> 00:24:11,119
Speaker 2: talk to the BMW text about it. If you run

489
00:24:11,200 --> 00:24:13,960
Speaker 2: out of water, it just doesn't inject at five thousand rpm,

490
00:24:14,080 --> 00:24:16,159
Speaker 2: so you don't get that extra boost. And you do

491
00:24:16,320 --> 00:24:18,879
Speaker 2: have to be driving in that high rev range to

492
00:24:19,119 --> 00:24:23,200
Speaker 2: enjoy it. We know, I don't know, I don't know

493
00:24:23,280 --> 00:24:23,960
Speaker 2: the rev limit.

494
00:24:23,840 --> 00:24:25,320
Speaker 4: But it's it's high.

495
00:24:25,440 --> 00:24:27,760
Speaker 2: And that's another thing about these super sporty cars, like

496
00:24:28,040 --> 00:24:30,359
Speaker 2: they're difficult to drive because of the stiff ride. You

497
00:24:30,400 --> 00:24:33,320
Speaker 2: don't want to scratch up the splitter and a lot

498
00:24:33,400 --> 00:24:36,359
Speaker 2: of cars, you have a lot of these kind of cars.

499
00:24:36,400 --> 00:24:39,080
Speaker 2: You have to be doing five six seven thousand rpm

500
00:24:39,160 --> 00:24:42,520
Speaker 2: to really love it. And yes, how often are you

501
00:24:42,640 --> 00:24:44,040
Speaker 2: driving in that rev range?

502
00:24:44,359 --> 00:24:46,800
Speaker 1: I mean that's a lot of emotion, that's a lot

503
00:24:46,920 --> 00:24:49,560
Speaker 1: of I mean, that's a lot of energy. Like, yes,

504
00:24:49,800 --> 00:24:52,000
Speaker 1: it is fun to drive aggressive and have like a

505
00:24:52,119 --> 00:24:56,280
Speaker 1: very spirited drive, but man, that's not every day doing that.

506
00:24:56,800 --> 00:24:59,399
Speaker 3: Man, sometimes they just want to relax. Do I have

507
00:24:59,520 --> 00:25:00,680
Speaker 3: to do it the all the time?

508
00:25:00,760 --> 00:25:01,080
Speaker 1: Which is?

509
00:25:01,280 --> 00:25:01,639
Speaker 4: Which is?

510
00:25:02,000 --> 00:25:04,080
Speaker 2: I mean you drove the st right, I don't know

511
00:25:04,119 --> 00:25:06,359
Speaker 2: if it was like that, but the GT three, the

512
00:25:06,440 --> 00:25:09,320
Speaker 2: Portia A nine to eleven GT three is like that.

513
00:25:09,600 --> 00:25:12,560
Speaker 2: And even the touring you still have to ring it out.

514
00:25:12,840 --> 00:25:13,879
Speaker 3: It's not what I want to do.

515
00:25:14,160 --> 00:25:16,920
Speaker 1: Yeah, it's fun for an hour, but you know, like

516
00:25:17,080 --> 00:25:19,200
Speaker 1: I don't have the space to keep a car that

517
00:25:19,240 --> 00:25:21,520
Speaker 1: I just drive for an hour at a time. Really,

518
00:25:22,000 --> 00:25:23,760
Speaker 1: it would be nice if I did, but I guess

519
00:25:23,840 --> 00:25:26,360
Speaker 1: you have to This seems like this is a very

520
00:25:26,400 --> 00:25:31,359
Speaker 1: specific tool that is not a Swiss army knife.

521
00:25:31,600 --> 00:25:33,200
Speaker 3: Well, it's very specific tool.

522
00:25:33,359 --> 00:25:35,480
Speaker 4: So I'm going back and forth. My neighbor, should he

523
00:25:35,520 --> 00:25:36,200
Speaker 4: get it? Shouldn't he?

524
00:25:36,560 --> 00:25:38,960
Speaker 2: So he is the type of person that likes that

525
00:25:39,200 --> 00:25:43,359
Speaker 2: rough ride cool okay, And he doesn't put you know,

526
00:25:43,720 --> 00:25:46,399
Speaker 2: fifteen thousand miles a year on his car. You know,

527
00:25:46,760 --> 00:25:50,760
Speaker 2: he can work from home sometimes and he has another,

528
00:25:51,480 --> 00:25:54,520
Speaker 2: you know, family vehicle, so he can so regular drive.

529
00:25:55,040 --> 00:25:58,520
Speaker 2: So I think he would like it, and I think

530
00:25:59,040 --> 00:26:00,920
Speaker 2: it will increase in value, but I'm just not sure

531
00:26:00,960 --> 00:26:04,159
Speaker 2: if he would be able to get over the drawbacks

532
00:26:04,160 --> 00:26:06,439
Speaker 2: of having a racetrack car as your commuter.

533
00:26:06,760 --> 00:26:08,040
Speaker 3: Does it have a roll cage in it?

534
00:26:08,440 --> 00:26:09,120
Speaker 4: It has half?

535
00:26:09,320 --> 00:26:11,080
Speaker 2: This is enough, so there's another one of the dings

536
00:26:11,119 --> 00:26:15,200
Speaker 2: on it it has. I think the US version wasn't

537
00:26:15,280 --> 00:26:20,480
Speaker 2: able because of regulatory rules to have a full roll cage,

538
00:26:20,640 --> 00:26:23,399
Speaker 2: so it only has the half cage. It wasn't able

539
00:26:23,480 --> 00:26:25,840
Speaker 2: to get the carbon fiber bucket bucket seats, which the

540
00:26:25,920 --> 00:26:28,800
Speaker 2: Europeans back ones did have, but it costs twenty grand

541
00:26:28,840 --> 00:26:30,040
Speaker 2: if you want to add them onto your car. In

542
00:26:30,080 --> 00:26:32,040
Speaker 2: the US, they weren't even able to put the fire

543
00:26:32,119 --> 00:26:35,440
Speaker 2: extinguisher in back, which the European models came with, so

544
00:26:35,560 --> 00:26:37,480
Speaker 2: the US model was kind of.

545
00:26:39,000 --> 00:26:41,760
Speaker 4: Held back a little bit by regulations. Yeah.

546
00:26:41,920 --> 00:26:44,600
Speaker 1: Yeah, I think that's the really interesting thing about like

547
00:26:44,920 --> 00:26:49,560
Speaker 1: street legal track cars. It's you kind of end up

548
00:26:49,600 --> 00:26:53,840
Speaker 1: feeling like they're half in half out on the track,

549
00:26:53,880 --> 00:26:57,240
Speaker 1: and it's difficult to get one that's kind of perfect

550
00:26:57,240 --> 00:26:59,199
Speaker 1: because a lot of tracks require a roll cage if

551
00:26:59,200 --> 00:27:01,399
Speaker 1: you're going to take the car in a track, but.

552
00:27:01,480 --> 00:27:02,000
Speaker 4: A lot of these.

553
00:27:02,200 --> 00:27:03,800
Speaker 1: A lot of cars that are sold, as you know,

554
00:27:03,960 --> 00:27:06,720
Speaker 1: track ready don't have a real quick cage because of

555
00:27:06,800 --> 00:27:07,680
Speaker 1: exactly what you're saying.

556
00:27:07,840 --> 00:27:09,000
Speaker 3: Regulations don't allow it.

557
00:27:09,240 --> 00:27:12,800
Speaker 2: Right, and they also I mean the fact that they

558
00:27:12,960 --> 00:27:14,639
Speaker 2: take a lot of the stuff out of the car

559
00:27:14,680 --> 00:27:18,719
Speaker 2: and then charge you more. People get angry about that, right,

560
00:27:18,920 --> 00:27:19,560
Speaker 2: Porsha's been.

561
00:27:19,520 --> 00:27:20,520
Speaker 4: Doing that for decades.

562
00:27:20,680 --> 00:27:21,840
Speaker 3: Yeah, genius really.

563
00:27:21,800 --> 00:27:25,359
Speaker 2: But I noticed that on this GTS it only has

564
00:27:25,440 --> 00:27:28,720
Speaker 2: two stereo speakers and they're on the rear deck lid,

565
00:27:29,440 --> 00:27:30,840
Speaker 2: So that would be weird.

566
00:27:31,200 --> 00:27:33,000
Speaker 3: Well, knowing you, you'd get right in there and get

567
00:27:33,080 --> 00:27:33,560
Speaker 3: something better.

568
00:27:33,680 --> 00:27:34,000
Speaker 4: I would.

569
00:27:34,080 --> 00:27:36,880
Speaker 2: I would definitely get an aftermarket solution. But the previous

570
00:27:37,040 --> 00:27:41,000
Speaker 2: generation and three GTS didn't even have a stereo in it.

571
00:27:41,840 --> 00:27:43,800
Speaker 3: You know these guys that say you should really just

572
00:27:43,880 --> 00:27:45,439
Speaker 3: be listening to the sound of the engine.

573
00:27:45,520 --> 00:27:47,720
Speaker 4: That's what everybody in forum says, and it makes you yeah.

574
00:27:48,200 --> 00:27:51,159
Speaker 1: Okay, I'm glad because honestly, half the fun of driving

575
00:27:51,320 --> 00:27:54,680
Speaker 1: is listening to music. I mean, truly, this is this

576
00:27:54,840 --> 00:27:56,880
Speaker 1: is some of the best times for listening to music,

577
00:27:56,920 --> 00:27:59,679
Speaker 1: and I never, I never could agree. I've even been

578
00:27:59,720 --> 00:28:02,040
Speaker 1: in cars where people get in and turn off the

579
00:28:02,200 --> 00:28:05,840
Speaker 1: radio and it is very annoying.

580
00:28:05,920 --> 00:28:09,880
Speaker 2: Yeah, I'll put the windows down and listen to the engine,

581
00:28:10,400 --> 00:28:14,119
Speaker 2: you know, up at Bear Mountain around some corners. But

582
00:28:14,359 --> 00:28:16,920
Speaker 2: when I'm cruising there and back, I want to have

583
00:28:17,480 --> 00:28:20,520
Speaker 2: like Sabbath on, you know. Or I mean depends what

584
00:28:20,680 --> 00:28:23,040
Speaker 2: car and what and what mood you're in, but you

585
00:28:23,119 --> 00:28:27,120
Speaker 2: want to have some driving music on, and what kind

586
00:28:27,119 --> 00:28:28,240
Speaker 2: of driving music do you listen to?

587
00:28:28,760 --> 00:28:32,760
Speaker 1: It totally depends. It could be like whole It could

588
00:28:32,840 --> 00:28:37,359
Speaker 1: be uh, jay Z today it was jay Z. It

589
00:28:37,480 --> 00:28:42,480
Speaker 1: could be this is embarrassing Jack Carlow. I asked someone

590
00:28:42,520 --> 00:28:43,600
Speaker 1: about him the other day and he.

591
00:28:43,720 --> 00:28:46,120
Speaker 4: Was like, who, Yeah, it's not embarrassing because I don't

592
00:28:46,120 --> 00:28:46,560
Speaker 4: know who that is.

593
00:28:47,360 --> 00:28:48,040
Speaker 3: He's a wrapper.

594
00:28:51,880 --> 00:28:54,240
Speaker 2: We should remind people to email us. What do you

595
00:28:54,640 --> 00:28:57,920
Speaker 2: do when you're when you're driving? Yes, hot pursuit at

596
00:28:57,960 --> 00:28:58,880
Speaker 2: Bloomberg dot Net.

597
00:28:59,000 --> 00:29:00,600
Speaker 4: I'll just mention it one last wait.

598
00:29:00,720 --> 00:29:02,920
Speaker 1: I have to say one more thing though. A movie

599
00:29:02,960 --> 00:29:05,400
Speaker 1: with a great soundtrack, A comic Blonde, and this is

600
00:29:05,480 --> 00:29:07,880
Speaker 1: one of my all time favorite movies. It's got great

601
00:29:08,080 --> 00:29:10,640
Speaker 1: car scenes in it and I just rewatched it and

602
00:29:10,880 --> 00:29:16,160
Speaker 1: in terms of like eighties music and esthetics and everything,

603
00:29:16,280 --> 00:29:17,479
Speaker 1: it's perfect.

604
00:29:17,720 --> 00:29:20,000
Speaker 4: Nice I'll rewatch it. I liked it the first time,

605
00:29:20,480 --> 00:29:22,320
Speaker 4: I'll watch it. I'll watch it again. Excellent.

606
00:29:22,360 --> 00:29:25,200
Speaker 2: Well that does it for this week's episode. Join us

607
00:29:25,360 --> 00:29:27,160
Speaker 2: next week when we talk with Emily Miller.

608
00:29:27,320 --> 00:29:29,080
Speaker 3: Emily Miller, I'm Hannah Elliott

609
00:29:29,360 --> 00:29:31,720
Speaker 4: And I'm Matt Miller, and this is Bloomberg