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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. I'm Hannah Elliott and

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Speaker 1: I'm Matt Miller.

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Speaker 2: This is Hot Pursuit.

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Speaker 1: Coming up on today's podcast. Matt had a great interview

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Speaker 1: with Ford's Jim Farley that we're going to discuss.

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Speaker 2: Yeah, and we'll play the whole interview for you, because

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Speaker 2: Ford actually moved to the top spot on JD Power's

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Speaker 2: initial quality survey. So among the large manufacturers, not including

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Speaker 2: you know, Niche, like Ferrari or even Portia, but the

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Speaker 2: major car makers, Ford is number one in quality and

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Speaker 2: it's a huge turnaround from where they were in twenty

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Speaker 2: twenty three, they were number fifteen.

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Speaker 1: Yeah, that's a really big deal. And automakers still really

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Speaker 1: care about this because I you know, heard from Frank,

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Speaker 1: our friend at Porsche earlier today that Porsche is also

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Speaker 1: claiming a top spot on JD powers.

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Speaker 2: Quality an overall quality, So including you know carmakers like them,

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Speaker 2: they are number one, but you expect you expect it

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Speaker 2: from from Porsche. I had a nine to eleven for

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Speaker 2: ten years and never never once had a mechanical issue

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Speaker 2: with it. You guys have had like fifty of them. So,

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Speaker 2: but it's for Ford it's it's an amazing comeback story.

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Speaker 2: I was comparing it when I talked with Jim to

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Speaker 2: like Tiger Woods winning the Masters in twenty nineteen, or

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Speaker 2: you know, uh Jordan coming back and winning the championship,

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Speaker 2: Mark Marquez, Mark Marquez winning the Moto GP World Championship

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Speaker 2: last year after almost ending his career from injury. So

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Speaker 2: it's like an incredible comeback.

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Speaker 1: And Jim is basically crediting what is he given credit to.

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Speaker 1: He's saying it's a culture change up Ford.

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Speaker 2: Right, I mean, yeah, it's really it's really the humans.

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Speaker 2: The humans have done a great job.

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Speaker 3: So it's not robots.

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Speaker 1: No.

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Speaker 2: I mean I would have thought hearing so much about

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Speaker 2: automated factories in China that build hugely uh successful cars

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Speaker 2: with you know, perfect panel gaps, I would have thought

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Speaker 2: that using AI or like technology to monitor suppliers or

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Speaker 2: improve factory processes. Note what happened was they said, we

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Speaker 2: need to bring back our older and wiser, you know,

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Speaker 2: engineers that have maybe retired or gone on. So they

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Speaker 2: call them gray beards, right, the men and women probably

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Speaker 2: way the women don't have beards.

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Speaker 4: But wait a second, they brought back three hundred and

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Speaker 4: fifty older employees to come back and not only train youngs, yeah,

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Speaker 4: but also to train to retrain the AI that had

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Speaker 4: just not been doing it right.

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Speaker 1: That is so interesting, and I'm seeing it really help

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Speaker 1: them in the truck department especially.

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Speaker 2: Well, which I mean it's all they well.

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Speaker 1: Don't forget the Mustang. It also help with the misting right.

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Speaker 2: Oh, but they make their money from the trucks and

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Speaker 2: the SUVs and the vans, and look, they make an

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Speaker 2: absolute ton of money from Ford Pro, which is their

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Speaker 2: professional unit that has double digits. They have he said,

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Speaker 2: thirty to forty percent subscription rate subscription growth. So the

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Speaker 2: business seems to be doing really well. It's still not

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Speaker 2: on par in terms of margins with their crosstown rivals,

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Speaker 2: General Motors, Like they both in the first quarter had

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Speaker 2: forty three plus billion dollars in sales. But over the

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Speaker 2: year GM is expecting ten to maybe fifteen billion dollars

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Speaker 2: in pretext earnings, whereas Ford is expecting eight and a

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Speaker 2: half to ten and a half billion dollars of pretext earnings.

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Speaker 2: We'll hear all about this.

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Speaker 1: In the Can't Wait to Listen the interview at Jim

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Speaker 1: Farr and Jim was a great interview too.

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Speaker 2: He is he looks fantastic, does he? I was thinking

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Speaker 2: as I sat down, like, I know he's so successful

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Speaker 2: because he's such a hard worker and he had such

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Speaker 2: a long career at Toyota. And that's part of the

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Speaker 2: reason that this is so such good news for him,

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Speaker 2: because he you know, he beat Toyota and Honda and

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Speaker 2: Hondai and Kia.

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Speaker 3: Like he's beating he's in the ring.

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Speaker 2: Yeah. But also he's so good looking.

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Speaker 1: Oh stop it now, yes, it is. When I first

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Speaker 1: saw journalistic on camera today, now was like a beautiful man.

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Speaker 1: This is sounding No, no, that's got to help.

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Speaker 2: That's got to help in terms of his success.

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Speaker 1: I hope he doesn't listen to this. It's not we

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Speaker 1: don't need to stroke as ego at all.

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Speaker 2: Oh. I also got to talk to him a lot

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Speaker 2: about racing because exactly so, like I was wondering if

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Speaker 2: Max for Stappin is gonna drive their hypercar comeback.

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Speaker 3: You know, they're feel like we're seeing it happen.

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Speaker 2: I hope. But the thing is, I said, listen, do

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Speaker 2: you have Max locked in for uh, what do you say?

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Speaker 2: Ford red Bull F one next year? And he was

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Speaker 2: like No, he has. The thing is he has a

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Speaker 2: clause in his contract that the car has to be competitive.

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Speaker 2: So yes, Max is going to still race in F one.

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Speaker 2: He's confirmed next year, but it's not one hundred percent

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Speaker 2: that he's going to still have the same seat at

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Speaker 2: Ford Red Bull. I'm sure that he will, but there

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Speaker 2: are rumors, you know, that he could go elsewhere for sure.

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Speaker 1: I think the one thing we know about Max Verstappan

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Speaker 1: is what he really cares about is racing, full stop.

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Speaker 3: That's what he cares about.

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Speaker 1: He doesn't he doesn't care about anything else, and that's

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Speaker 1: why we.

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Speaker 2: Love him absolutely. I mean, and it's like, say, he

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Speaker 2: wants to.

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Speaker 1: Be in the best he wants to be in the

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Speaker 1: best car with the best team, the best chance to win. Period.

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Speaker 3: Yep, you know, it's very simple, all right.

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Speaker 2: By the way, speaking of racing, I don't know if

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Speaker 2: you've had a chance to watch the Kevin Magnus in

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Speaker 2: NASCAR event.

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Speaker 1: I hadn't.

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Speaker 2: Oh, you are in for a treat when you do. Now, first,

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Speaker 2: do you get to watch it?

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Speaker 1: You have not traditionally been a NASCAR.

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Speaker 2: I haven't, No, And what did happen?

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Speaker 5: So?

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Speaker 2: I mean, because it's a moment that's gone viral. I

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Speaker 2: mean this is I spend more time on social media

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Speaker 2: than you do, and I'm not proud of that.

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Speaker 1: I'm trying to literally get to zero.

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Speaker 2: I'm not I'm not proud of that fact. But you

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Speaker 2: can't go on Twitter without if you're into motorsports.

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Speaker 3: Without seeing Twitter completely.

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Speaker 2: Without seeing people issue an opinion on k Mag in NASCAR.

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Speaker 2: So he was invited to do a race by UH

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Speaker 2: track House. So track House, which also has a very

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Speaker 2: successful Moto GP team, is active in NASCAR, and they

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Speaker 2: bring occasionally drivers from other leagues, and so he brought

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Speaker 2: Kevin Magnuson. He's currently driving you know BMW, the BMW

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Speaker 2: hypercar and WEC.

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Speaker 3: Yes, I think he great River.

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Speaker 2: Yeah, he got pole position at Lamon And anyway, he

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Speaker 2: goes into NASCAR and he's got a driver in front

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Speaker 2: of him that won't get out of the way, Noah Gregson,

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Speaker 2: who's like a third generation NASCAR family driver, and he

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Speaker 2: bumps Noah and then throughout the next like I know,

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Speaker 2: the next ten, fifteen, twenty laps, Noah Gregson is obsessed

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Speaker 2: with k Mag. He's like bumping him, pulling up beside him,

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Speaker 2: giving him the finger hanging beside him, like not passing him,

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Speaker 2: because what's important to Noah is giving k Mag the thing.

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Speaker 2: He's so angry at these snobby open wheel drivers who

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Speaker 2: come into my You're gonna come to my NASCAR and

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Speaker 2: teach me how to drive exactly and the whole time,

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Speaker 2: like you can listen to clips of it on YouTube

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Speaker 2: or on Twitter or whatever. K Mag is like, man,

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Speaker 2: this redneck is is really annoyed with me, and like

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Speaker 2: he just bothered exactly. So finally, you know, after I

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Speaker 2: don't know how many laps, but countless laps, finally k

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Speaker 2: Mag says all right, I've had enough and just knocks

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Speaker 2: Noah Gregson, spins him and sends him into the wall. Right,

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Speaker 2: And Noah Gregson threw an absolute fit after the race,

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Speaker 2: like ran over to him, why you crash me? Why

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Speaker 2: you crash me? And k Mag was just like, you

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Speaker 2: know what, and then find out, buddy, that's right, that's

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Speaker 2: how it goes here. Anyway. Gregson is superid off. But

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Speaker 2: I think most everybody thinks that k Mag was in

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Speaker 2: the right totally.

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Speaker 1: Okay, thank you for that quick catchup. Yeah, and I'm

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Speaker 1: one thousand percent and I'll.

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Speaker 3: I will watch the tapes.

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Speaker 1: It's worth it on this, on this first blush, I'm

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Speaker 1: totally pro Kevin on this.

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Speaker 2: Yeah.

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Speaker 1: And you know what, here's how I know that Noah

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Speaker 1: is an inferior driver. And I'll say this with no

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Speaker 1: actual knowledge of anything in this arena.

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Speaker 2: Please do because that's what everybody on Twitter.

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Speaker 1: Is doing too, because he was out of control because

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Speaker 1: he got emotional. Yes, And the minute you get emotional,

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Speaker 1: and I know, I know race, and I know driving

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Speaker 1: on tracks, I've done it for many years and I've

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Speaker 1: been around a lot of professional drivers and drive instructors.

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Speaker 1: The minute you let your emotions control what you do

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Speaker 1: on the track, you're done.

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Speaker 2: Yeah. Period, Absolutely, he got a little bit of hot,

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Speaker 2: he got hot under.

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Speaker 1: The mullet, he got out, and he let Kevin come

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Speaker 1: in and control the whole situation. So I don't even

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Speaker 1: need to see the video, although I will watch it.

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Speaker 2: It's worth watching anyway.

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Speaker 1: Yeah, I already know no Kevin was out of control.

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Speaker 1: That's too bad.

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Speaker 2: It's And the funny thing is, you know NASCAR does

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Speaker 2: this Obviously they want a little bit of marketing help

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Speaker 2: from other leagues. So you bring in somebody from you know,

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Speaker 2: F one or you bring in somebody from WEC, and

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Speaker 2: people that normally would only watch F one or WC

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Speaker 2: they watch the NASCAR race because Kmag's driving or whoever

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Speaker 2: it is, and then maybe they get interested.

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Speaker 3: And co ellination.

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Speaker 2: It's worked for me because now I'm gonna start watching

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Speaker 2: NASCAR like religiously. And at the time, I hope also

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Speaker 2: that Kmag gets a permanent seat, because it would he

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Speaker 2: set the fastest lap of the entire race of all

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Speaker 2: the drivers.

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Speaker 1: That's so cool. And this is why, like remember the

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Speaker 1: race of Champions that they did in the eighties, like

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Speaker 1: the Iraq races. This this goes into like we all

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Speaker 1: want to see who the best driver is, regardless of

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Speaker 1: the series. And this goes back to like what we

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Speaker 1: were talking about, why don't F one drivers drive an

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Speaker 1: Indy And we had a whole conversation with Zach Brown

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Speaker 1: about that and he gave us his reasons that he

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Speaker 1: thought which were very interesting and I could see, but like,

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Speaker 1: don't we all want to see all of these great

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Speaker 1: drivers from Indy, from Lama, from F one, from NASCAR,

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Speaker 1: like all just go all out. They would never agree

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Speaker 1: on a car and they would never all agree on

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Speaker 1: a track.

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Speaker 3: But this is what we want to see.

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Speaker 2: Absolutely, bring back Iraq. I would love to see it.

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Speaker 2: And you know, some people have made the suggestion like

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Speaker 2: there should be a series where they switch off car

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Speaker 2: so drivers, but then they would complain that that car

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Speaker 2: was better for that track, and I don't know. I'm

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Speaker 2: happy that there's so much great racing to watch these days,

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Speaker 2: so I'm all in. Obviously, Moto GP is insane. Mark Marquez,

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Speaker 2: by the way, last weekend was nuts and Moto GP.

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Speaker 2: Just to quick I know there's a car podcast, but

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Speaker 2: just a quick two weird round up. Uh Marco Betseeki,

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Speaker 2: who was leading the championship a month ago by over

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Speaker 2: one hundred points above Mark, he crashed in the sprint

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Speaker 2: on Saturday. A marshall, one of these volunteer workers, you know,

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Speaker 2: safety workers, came out and tried to pick up his

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Speaker 2: bike and accidentally goosed the throttle and bet Seki got

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Speaker 2: so mad that he slapped the marshal, slapped him, then

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Speaker 2: he turned off the bike. Then he stood up again

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Speaker 2: and slapped him again in the face. You know, maybe

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Speaker 2: a little frustrated because he wrecked, and also a little

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Speaker 2: bit worried about his motor. I get that, but you

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Speaker 2: don't slap a marshal who's volunteering his time to help

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Speaker 2: your sport, right, It's just not cool. So he was

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Speaker 2: so he was suspended from the race, and he lost

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Speaker 2: all of all of his points. Oh no, and Mark

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Speaker 2: won the race. So now Mark, in the span of

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Speaker 2: a month has gone from a deficit of one hundred

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Speaker 2: and five points to forty points behind the leader. And

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Speaker 2: it's just amazing to watch, amazing.

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Speaker 1: Incredible, And it's this type I don't I can't condone

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Speaker 1: slapping of race.

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Speaker 3: Marshal, but it is kind of funny, it is.

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Speaker 1: I mean, and this goes to show, like I think

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Speaker 1: we need strong personalities and moments of uncontrolled surprise just

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Speaker 1: like this to make this type of thing interesting.

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Speaker 2: It is so dramatic, and all the Italian fans they

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Speaker 2: hate Mark, you know, so they're all, you know, caught

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Speaker 2: in a position where they have to kind of defend

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Speaker 2: bet Seki. Mark rises above it all as usual and says, hey,

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Speaker 2: don't give them too much crap. He's he's young, we're

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Speaker 2: all young, we're all learning in front of millions of people.

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Speaker 2: It's very emotional, like this kind of thing can happen,

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Speaker 2: but it's just amazing to watch and you get it, uh,

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Speaker 2: there was because of this an old clip surface where

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Speaker 2: James Hunt had a similar incident. He wrecked a car

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Speaker 2: and a marshall ran up to see if he was

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Speaker 2: okay and try and help him get off the track,

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Speaker 2: and James Hunt punched like, clocked the marshal in the face.

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Speaker 2: But to his credit, Hunt like looks down, starts to

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Speaker 2: walk away, and then realizes what he's done. Then he

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Speaker 2: turns around and gives the marshal a huge hug and

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Speaker 2: they walk off like arm in arms.

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Speaker 1: Bros. That would never happen with women on so many loves,

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Speaker 1: but this.

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Speaker 2: Okay, do you not think do you not think it would?

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Speaker 1: Women won't physically fight and then all of a sudden

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Speaker 1: be friends.

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Speaker 3: That's because dudes do that. That's that's that's bros.

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Speaker 2: That's standard operating.

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Speaker 3: That's easier.

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Speaker 1: But my point is, obviously these guys are running on

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Speaker 1: so high levels of adrenaline and testosterone when they're in

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Speaker 1: their sport doing their sport, especially racing at that high level,

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Speaker 1: that like you can't just turn it off off. The

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Speaker 1: emotions run high. This is this is why, like when

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Speaker 1: something bad happens, they're obviously still all hyped up on

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Speaker 1: adrenaline and testosterone. It reminds me of something that Total

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Speaker 1: Wolf told me, which was something like, if you want

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Speaker 1: to lie in behind the steering wheel, you can't expect

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Speaker 1: a puppy dog outside of the car. True, it just

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Speaker 1: doesn't work if you want someone who's extremely aggressive.

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Speaker 3: And you know, I think we were exceptional.

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Speaker 2: You were talking to him about the car. Yeah, you know,

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Speaker 2: you're one hundred percent right. I remember when he told

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Speaker 2: you that.

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Speaker 1: Yeah, it's and it's so true. I'm not excusing bad behavior,

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Speaker 1: but like I kind of get it. And also I've

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Speaker 1: been watching you've been watching NASCAR clips. I've been watching

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Speaker 1: clips of Dennis Rodman for the past week.

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Speaker 5: Wow.

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Speaker 1: I don't know. I don't know why, Like somehow my algorithm.

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Speaker 1: I'm just obsessed with Dennis Rodman right now. And I

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Speaker 1: just love his attitude. I just love it. He He's

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Speaker 1: the classic example of it's the most difficult ones that

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Speaker 1: have the most to give. And I have a big

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Speaker 1: soft spot for people who have so much spirit they

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Speaker 1: just you just need to channel it.

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Speaker 2: Do not disagree, right, I do not disagree. Let's get

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Speaker 2: to the cars we're driving. Because you sent you sent

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Speaker 2: me a picture. I thought you were going to be

298
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Speaker 2: driving the M two, the BMWM two this week.

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Speaker 1: I'm getting that in like a week. Okay, I'm getting

300
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Speaker 1: that in a week or so.

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Speaker 2: You sent me a picture of a gorgeous Mercedes.

302
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Speaker 1: US even it took my breath away slightly.

303
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Speaker 2: So what is it?

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Speaker 1: So? This is the twenty twenty six Mercedes AMG SL

305
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Speaker 1: sixty three S Performance. I hate all of their naming things,

306
00:15:50,720 --> 00:15:56,200
Speaker 1: but it's basically an SL sixty three in light moss green,

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Speaker 1: which is a ten thousand dollars option.

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Speaker 3: Of course, it's worth every penny.

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Speaker 1: It's so pretty. It's not a racing green. It's not teal,

310
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Speaker 1: it's the perfect it's not all of It's a true

311
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Speaker 1: light moss green with black NAPA interior, red contrast stitching

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Speaker 1: carbon fiber trim. It's got the red badging for the

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Speaker 1: AMG SL sixty three S E Performance line. And it's

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Speaker 1: a convertible.

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Speaker 2: So, so is this not the same car that was

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Speaker 2: your choice for Car of the Year last year?

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Speaker 1: This is the convertible version of my favorite car of

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Speaker 1: the year last year.

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Speaker 2: So no wonder you took a short answer.

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Speaker 1: To your question I guess I still stand by my

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Speaker 1: choice from last year and I had. It's been like

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Speaker 1: basically a year since I've been in this model. This

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Speaker 1: is a convertible version, and you know what, I'm sticking

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Speaker 1: with my choice. It's so I'm smiling. I'm just smiling.

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Speaker 1: It's so great.

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Speaker 3: I love it.

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Speaker 2: Yeah, I have driven the slick Top, not the Cabrio,

328
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Speaker 2: and I was in love with it as well. It's

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Speaker 2: like so much power, I think it happens, yes, so

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Speaker 2: much torque. It's like, I don't know, fifteen hundred newton

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Speaker 2: meters or over one thousand pound feet of torque.

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Speaker 1: One forty seven according to the specs.

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Speaker 2: Yeah, and like driving it is an absolute pleasure. It

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Speaker 2: does feel kind of heavy. Steering is a little heavy.

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Speaker 3: I did not find that to be true.

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Speaker 2: Well, I mean I mean that in a good way.

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Speaker 2: Maybe solid is a better word.

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Speaker 3: Sure, very precise, but confidence inspiring.

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Speaker 2: I also think like everything inside works perfectly. The touch screen,

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Speaker 2: I mean there aren't buttons and knobs as much as

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Speaker 2: I'd like. You have to go into touch screens, but it's.

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Speaker 3: Not like barely.

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Speaker 2: Yeah, they do the best infotainment basically set up that

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Speaker 2: there is. It's a giant screen, right, it's like a

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Speaker 2: large iPad size.

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Speaker 1: It's I wouldn't say giant, it's it's there. It's it's

347
00:18:04,840 --> 00:18:09,600
Speaker 1: large ish, but it's not giant. It's at your easy

348
00:18:09,960 --> 00:18:16,800
Speaker 1: fingertip within reach. Everything is easy. I sinked my bluetooth

349
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Speaker 1: in about five seconds.

350
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Speaker 2: You know that tilts. This green tilts so that you can.

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Speaker 1: You don't have to go with a bunch of layers

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Speaker 1: of software. It's everything is you know, top layer options.

353
00:18:26,880 --> 00:18:29,919
Speaker 1: When you're sinking things and using the radio, which is

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Speaker 1: the number one thing, and probably the climate too is

355
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Speaker 1: the number one thing. All of that's easy. It just

356
00:18:35,760 --> 00:18:39,479
Speaker 1: is like a big exhale. But also it's really fast.

357
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Speaker 2: It does weigh about five pounds, so it's I'm seeing

358
00:18:45,880 --> 00:18:50,600
Speaker 2: the non convertible version four and thirty nine pounds pishposh.

359
00:18:50,840 --> 00:18:54,200
Speaker 2: So you know, I'm just saying like it's very heavy,

360
00:18:55,520 --> 00:18:58,240
Speaker 2: and I mean that's almost as much as my old

361
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Speaker 2: BMW seven sixty. But the interesting thing.

362
00:19:01,400 --> 00:19:03,840
Speaker 1: Is, yes, and I will say compared to that too.

363
00:19:04,040 --> 00:19:06,200
Speaker 1: I see in my piece from last year, I did

364
00:19:06,280 --> 00:19:09,919
Speaker 1: note that the nine to eleven turbos weighs thirty eight

365
00:19:10,000 --> 00:19:13,679
Speaker 1: hundred pounds. So yeah, it's heavier, you don't feel it.

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Speaker 2: And but the thing, so my issue with with this

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Speaker 2: car if I have any issue, because I think I

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00:19:19,520 --> 00:19:21,119
Speaker 2: agree with you. It's one of the best cars new

369
00:19:21,160 --> 00:19:23,600
Speaker 2: cars you can buy if you have unlimited funds.

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Speaker 3: Yeah, if you have a lot of money.

371
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Speaker 2: The problem is it does cost like a quarter of

372
00:19:26,760 --> 00:19:31,080
Speaker 2: a million dollars, right. What's the all in with options

373
00:19:31,200 --> 00:19:33,200
Speaker 2: MSRP on the model that you're driving?

374
00:19:33,520 --> 00:19:36,639
Speaker 1: The model I have this week, all in including the

375
00:19:36,680 --> 00:19:40,439
Speaker 1: ten thousand dollars paint job, the AMG Performance seats for

376
00:19:40,520 --> 00:19:44,960
Speaker 1: twenty five hundred a night package, driver assistance, all that stuff,

377
00:19:46,119 --> 00:19:49,320
Speaker 1: two hundred thousand, two hundred and twenty eight thousand dollars,

378
00:19:49,359 --> 00:19:50,160
Speaker 1: seven hundred and.

379
00:19:50,160 --> 00:19:53,520
Speaker 3: Fifty So two thirty okay, yeah, two thirty.

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00:19:53,600 --> 00:19:56,040
Speaker 2: Because that's probably not including the destination charge.

381
00:19:56,160 --> 00:19:58,919
Speaker 1: That is, including destination and delivery. That's all in.

382
00:19:59,119 --> 00:20:01,840
Speaker 3: The suggested read tail price is two hundred and eight thousand.

383
00:20:02,320 --> 00:20:06,640
Speaker 2: So I mean a couple comments that I would make

384
00:20:06,760 --> 00:20:09,440
Speaker 2: is how much was the paint The paint.

385
00:20:09,240 --> 00:20:13,840
Speaker 1: Was paint to be exact, was nine nine hundred dollars.

386
00:20:14,400 --> 00:20:18,720
Speaker 2: There was a funny thing I saw on Twitter this

387
00:20:18,760 --> 00:20:21,800
Speaker 2: week and I double checked it to be true. Portia

388
00:20:22,000 --> 00:20:27,160
Speaker 2: offers a shark blue option as a PTS paint to sample. Yeah,

389
00:20:27,200 --> 00:20:30,879
Speaker 2: it's it's about fifteen thousand dollars if you wanted a

390
00:20:31,040 --> 00:20:32,680
Speaker 2: non GT nine to eleven.

391
00:20:32,760 --> 00:20:34,400
Speaker 1: That's an exclusive manufacturer.

392
00:20:34,480 --> 00:20:40,600
Speaker 2: Yes, but Folkswagen used to offer it as a standard

393
00:20:40,640 --> 00:20:44,520
Speaker 2: option on a golf as cornflower blue, and it was

394
00:20:44,520 --> 00:20:45,240
Speaker 2: three hundred dollars.

395
00:20:45,280 --> 00:20:48,080
Speaker 1: Are you sure it's the same, exact same, exactly. Sure

396
00:20:48,800 --> 00:20:51,440
Speaker 1: you don't have mail mail pattern color blindness.

397
00:20:51,440 --> 00:20:55,080
Speaker 2: No, I have double checked. I mean, I oh, sac

398
00:20:55,200 --> 00:20:58,120
Speaker 2: check with AI. So maybe it's a scoop. Yeah, fifteen

399
00:20:58,160 --> 00:21:00,399
Speaker 2: grand if you want it as a PTS on the

400
00:21:00,480 --> 00:21:02,720
Speaker 2: on the nine to eleven, three hundred dollars, if you

401
00:21:02,760 --> 00:21:04,040
Speaker 2: wanted it on your boss.

402
00:21:03,880 --> 00:21:08,200
Speaker 1: Well that's that is. I don't like to be taken

403
00:21:08,200 --> 00:21:08,760
Speaker 1: for a fool.

404
00:21:08,960 --> 00:21:11,480
Speaker 2: I mean, I mean, I guess if you're if you're

405
00:21:11,480 --> 00:21:13,960
Speaker 2: buying a new nine to eleven, being taken for a

406
00:21:13,960 --> 00:21:18,600
Speaker 2: fool isn't something that bothers you. And and for A,

407
00:21:18,800 --> 00:21:21,679
Speaker 2: it's a non GT option, so you're not buying the

408
00:21:21,680 --> 00:21:23,560
Speaker 2: car to flip like if you're buying a GT three

409
00:21:24,320 --> 00:21:26,399
Speaker 2: A it's less and B it doesn't matter because you're

410
00:21:26,400 --> 00:21:27,600
Speaker 2: not gonna drive it, You're just gonna sell it and

411
00:21:27,600 --> 00:21:30,919
Speaker 2: bring a trailer. But the other thing is destination charges.

412
00:21:30,960 --> 00:21:33,360
Speaker 2: I feel like a lot of people aren't including those

413
00:21:33,359 --> 00:21:35,240
Speaker 2: as part of the price, but why would you not?

414
00:21:35,880 --> 00:21:37,720
Speaker 3: This week it's non negotiable.

415
00:21:38,000 --> 00:21:40,280
Speaker 2: What's what's the name of the Amazon spinoff or the

416
00:21:40,359 --> 00:21:45,359
Speaker 2: Jeff Bezos company that makes the cheap pickup truck slate

417
00:21:46,080 --> 00:21:49,000
Speaker 2: slate right there. They have been for years saying we're

418
00:21:49,000 --> 00:21:51,520
Speaker 2: gonna come out with this super cheap pickup truck, and

419
00:21:51,560 --> 00:21:55,080
Speaker 2: it's just totally bare bones, no options, and you want

420
00:21:55,119 --> 00:21:57,760
Speaker 2: to you can change it up, customize it yourself, and

421
00:21:57,800 --> 00:21:59,960
Speaker 2: it's going to be twenty thousand dollars. Now they've come

422
00:22:00,080 --> 00:22:03,520
Speaker 2: out with the price in quotes right because they're not

423
00:22:03,560 --> 00:22:07,200
Speaker 2: including the destination charge. It's twenty five grand. And if

424
00:22:07,200 --> 00:22:08,880
Speaker 2: you put the it's going to be one thousand dollars

425
00:22:08,880 --> 00:22:10,360
Speaker 2: destination charge.

426
00:22:10,119 --> 00:22:11,479
Speaker 1: It'll probably be fifteen hundred.

427
00:22:11,600 --> 00:22:14,560
Speaker 2: So it's gonna be thirty percent more than the price

428
00:22:14,640 --> 00:22:18,120
Speaker 2: they were promising us. And basically that's like you're already

429
00:22:18,560 --> 00:22:22,560
Speaker 2: could buy a Ford Maverick. So it doesn't seem to

430
00:22:22,560 --> 00:22:25,720
Speaker 2: be the great thing that we thought it would. And

431
00:22:25,960 --> 00:22:28,840
Speaker 2: but my whole point is I want people to include

432
00:22:28,880 --> 00:22:29,840
Speaker 2: destination charges.

433
00:22:30,320 --> 00:22:34,160
Speaker 1: Might well, I agree, you include you're not getting around it.

434
00:22:34,760 --> 00:22:40,000
Speaker 2: The cost to design it, to build it, to market it,

435
00:22:40,040 --> 00:22:42,280
Speaker 2: to ship it, those all should be in the price.

436
00:22:42,440 --> 00:22:45,880
Speaker 1: I totally agree. I totally agree. I think I should disclose.

437
00:22:45,920 --> 00:22:47,800
Speaker 1: This is a tiny pivot to but on this car,

438
00:22:47,840 --> 00:22:50,400
Speaker 1: it is a hybrid car. We haven't talked about that.

439
00:22:51,760 --> 00:22:56,000
Speaker 1: They're basically saying you'll probably get around twenty nine to

440
00:22:56,000 --> 00:22:59,359
Speaker 1: thirty miles per gallon equivalent combined.

441
00:23:00,280 --> 00:23:01,440
Speaker 3: Oh, combine.

442
00:23:02,119 --> 00:23:04,720
Speaker 2: People still pay attention to that. I don't know, do

443
00:23:04,800 --> 00:23:08,520
Speaker 2: they I've I didn't until I got this. Well, that's

444
00:23:08,600 --> 00:23:10,119
Speaker 2: new BMW.

445
00:23:09,520 --> 00:23:12,399
Speaker 1: And that's new. I mean your BMW is not a hybrid, right.

446
00:23:12,480 --> 00:23:15,080
Speaker 2: No, But it's still it's like I'm lucky to get

447
00:23:15,520 --> 00:23:18,680
Speaker 2: eleven I'm lucky to get double digits miles per gallon.

448
00:23:18,760 --> 00:23:23,000
Speaker 2: Maybe it's the way territory and the prices are still.

449
00:23:23,040 --> 00:23:25,239
Speaker 2: I pulled up to a shell station last week and

450
00:23:25,280 --> 00:23:27,920
Speaker 2: by the way, we're recording this on Thursday, the twenty

451
00:23:27,920 --> 00:23:30,639
Speaker 2: fifth of game Stamp. Last week, when I filled it

452
00:23:30,720 --> 00:23:33,760
Speaker 2: up for the first time, it was like six dollars

453
00:23:33,760 --> 00:23:36,040
Speaker 2: and sixty cents for ninety three octane at the shell

454
00:23:36,119 --> 00:23:38,359
Speaker 2: station near me. I know that the national average for

455
00:23:38,400 --> 00:23:41,560
Speaker 2: gasoline has fallen now to below four dollars, but that's

456
00:23:41,560 --> 00:23:42,520
Speaker 2: for regular fuel.

457
00:23:42,680 --> 00:23:44,159
Speaker 1: It's not in Cali, and it's.

458
00:23:44,040 --> 00:23:47,280
Speaker 2: Not in Cali or in New York. It's still super high.

459
00:23:47,440 --> 00:23:52,480
Speaker 2: The hybrid, Yeah, they used that so that amg SL

460
00:23:52,600 --> 00:23:55,680
Speaker 2: sixty three s E performance. The E performance is the

461
00:23:55,720 --> 00:23:57,560
Speaker 2: giveaway that it's a hybrid and it uses like some

462
00:23:57,840 --> 00:23:58,960
Speaker 2: fround inspired tech.

463
00:23:59,040 --> 00:24:02,080
Speaker 1: That's I This is to me is a case where

464
00:24:02,080 --> 00:24:03,639
Speaker 1: a hybrid I'm fine with.

465
00:24:03,800 --> 00:24:04,600
Speaker 2: I mean me too.

466
00:24:04,760 --> 00:24:06,960
Speaker 1: It adds weight, but like it's great.

467
00:24:06,840 --> 00:24:09,560
Speaker 2: Love it. Oh, I'm okay with hybrids, as you know.

468
00:24:09,720 --> 00:24:12,879
Speaker 2: And in so many cases, yeah, I love the I

469
00:24:12,880 --> 00:24:14,119
Speaker 2: love the E Ray hybrid.

470
00:24:14,440 --> 00:24:16,600
Speaker 1: More things I think could be probably hybrid and no,

471
00:24:16,760 --> 00:24:18,600
Speaker 1: and no one would really bat and eye.

472
00:24:19,280 --> 00:24:23,000
Speaker 2: And nobody would know except for uh, it makes it

473
00:24:23,080 --> 00:24:26,320
Speaker 2: much harder to repair it yourself. Right, it's one more layer.

474
00:24:26,400 --> 00:24:27,199
Speaker 1: We're talking about them.

475
00:24:27,280 --> 00:24:28,879
Speaker 2: No, we're not going to talk to right about right

476
00:24:28,920 --> 00:24:30,240
Speaker 2: to repair, not right now.

477
00:24:30,600 --> 00:24:33,119
Speaker 1: Not right now, but you should talk about your aston Martin.

478
00:24:33,640 --> 00:24:35,840
Speaker 2: Yes, so and and by the way, this is where

479
00:24:35,880 --> 00:24:38,200
Speaker 2: I think a comparison is apt between the Mercedes you're

480
00:24:38,280 --> 00:24:41,440
Speaker 2: driving and the and the Aston Martin. So I'm driving

481
00:24:41,520 --> 00:24:47,560
Speaker 2: the Aston Martin DBS twelve Valante the convertible, the convertible version.

482
00:24:47,720 --> 00:24:50,600
Speaker 3: And we both have convertibles. Yeah, quick question.

483
00:24:50,720 --> 00:24:52,160
Speaker 1: How often do you drive the top down?

484
00:24:52,800 --> 00:24:56,160
Speaker 2: I all the time, Like I always put the top

485
00:24:56,200 --> 00:24:59,560
Speaker 2: down because I don't drive convertibles very much. And also

486
00:24:59,600 --> 00:25:02,920
Speaker 2: I'm a New York so you know, the weather isn't

487
00:25:02,920 --> 00:25:05,800
Speaker 2: always doesn't always allow me, so when I can, I do.

488
00:25:07,800 --> 00:25:10,840
Speaker 2: And by the way, the car is as you would expect.

489
00:25:11,600 --> 00:25:16,800
Speaker 2: It's amazing, Like it's beautiful, absolutely gorgeous. The paint is

490
00:25:16,920 --> 00:25:21,720
Speaker 2: so deep and sparkly. The design. You know, every time

491
00:25:21,760 --> 00:25:23,320
Speaker 2: I look at it when I walk out, I think

492
00:25:23,359 --> 00:25:27,760
Speaker 2: I might get a James Bond. And it's also an

493
00:25:27,800 --> 00:25:31,840
Speaker 2: absolute joy to drive. It too, feels heavy or solid

494
00:25:31,840 --> 00:25:35,119
Speaker 2: maybe is a better word, but I don't mind. The

495
00:25:35,600 --> 00:25:39,960
Speaker 2: acceleration is addictive, the way it sounds, the way it feels,

496
00:25:40,000 --> 00:25:43,240
Speaker 2: the way it builds up, and the steering is heavy

497
00:25:43,280 --> 00:25:49,080
Speaker 2: and a really good way. It's totally I trust myself

498
00:25:49,200 --> 00:25:53,960
Speaker 2: driving it fast. The breaks are confidence inspiring, like the

499
00:25:54,000 --> 00:25:57,000
Speaker 2: seating position is great, the interior, the leather is beautiful,

500
00:25:57,000 --> 00:26:01,159
Speaker 2: like everything is good, except for the maintainment system is

501
00:26:01,280 --> 00:26:05,240
Speaker 2: just like a continued failure from Aston Martin.

502
00:26:05,960 --> 00:26:10,200
Speaker 3: And they they know that they know it, and they have.

503
00:26:10,240 --> 00:26:12,080
Speaker 2: Come out with like they were one of the first,

504
00:26:12,119 --> 00:26:16,800
Speaker 2: maybe still the only manufacturer to use car car Play

505
00:26:16,840 --> 00:26:20,600
Speaker 2: plus like the extended version of Apple's Car Play, And

506
00:26:20,680 --> 00:26:23,920
Speaker 2: yet every Aston Martin I get, I hook up the

507
00:26:23,920 --> 00:26:27,000
Speaker 2: phone the first day, and then the next day or

508
00:26:27,080 --> 00:26:28,600
Speaker 2: later that day, I get in the car and it

509
00:26:28,600 --> 00:26:30,800
Speaker 2: doesn't work. And I have no idea how to get

510
00:26:30,800 --> 00:26:33,520
Speaker 2: the car Play to work other than disconnecting my phone

511
00:26:33,760 --> 00:26:36,680
Speaker 2: and then redoing it again. And I can't imagine the

512
00:26:36,720 --> 00:26:39,280
Speaker 2: anger you would experience as an owner who's paid hundreds

513
00:26:39,320 --> 00:26:42,040
Speaker 2: of thousands of dollars for a car and every time

514
00:26:42,440 --> 00:26:47,199
Speaker 2: she or he drives it, you've got to reset your

515
00:26:47,840 --> 00:26:50,359
Speaker 2: iPhone connection. It's it's maddening.

516
00:26:50,840 --> 00:26:54,880
Speaker 1: It's maddening, and it's like this little gnat that keeps it.

517
00:26:54,880 --> 00:26:57,320
Speaker 1: It's like kind of a small thing, but it's so

518
00:26:57,600 --> 00:27:01,720
Speaker 1: annoying because it's he's there. It's like this gnat that

519
00:27:01,880 --> 00:27:05,639
Speaker 1: is just pestering and pestering. And I remember when I

520
00:27:05,760 --> 00:27:09,000
Speaker 1: had the dB twelve, Uh not the convertible the coop

521
00:27:09,520 --> 00:27:12,960
Speaker 1: and uh. In my piece, I mentioned that they had

522
00:27:13,040 --> 00:27:16,800
Speaker 1: integrated a center touch touch screen, which was an upgrade

523
00:27:17,000 --> 00:27:19,920
Speaker 1: because the dB eleven didn't have any touchscreen at all.

524
00:27:20,400 --> 00:27:22,520
Speaker 2: Right, or wireless car play right, Yeah.

525
00:27:22,440 --> 00:27:27,280
Speaker 1: Yes, And to your point, Matt, it just feels like

526
00:27:27,480 --> 00:27:30,280
Speaker 1: these cars, I don't I don't get. They just feel

527
00:27:30,320 --> 00:27:34,120
Speaker 1: so far behind technology. They are just so far behind.

528
00:27:34,280 --> 00:27:36,880
Speaker 1: I mean, you should never have to deal with recinking bluetooth.

529
00:27:37,240 --> 00:27:41,840
Speaker 2: The truth is, it's such an expensive vehicle. And if

530
00:27:41,840 --> 00:27:45,200
Speaker 2: you're gonna buy this car instead of a nine to eleven,

531
00:27:46,800 --> 00:27:49,600
Speaker 2: well you probably have a nine to eleven, right, or

532
00:27:50,640 --> 00:27:53,280
Speaker 2: I mean it's got to be your third car, and.

533
00:27:53,280 --> 00:27:54,320
Speaker 3: It's definitely your third car.

534
00:27:54,440 --> 00:27:55,439
Speaker 1: If it's definitely if.

535
00:27:55,320 --> 00:27:58,560
Speaker 2: I had that much money, I still would buy this

536
00:27:58,640 --> 00:28:02,560
Speaker 2: car because Okay, it's it's different, because yes, you know,

537
00:28:02,600 --> 00:28:05,600
Speaker 2: it's it's more unique. Yeah, you don't see them very often.

538
00:28:05,480 --> 00:28:06,960
Speaker 1: Yes, and it makes you look twice.

539
00:28:07,080 --> 00:28:11,360
Speaker 2: It feels like such a special experience it and it

540
00:28:11,440 --> 00:28:15,080
Speaker 2: is like, yes, in terms of driving tech, amazing, Like

541
00:28:15,160 --> 00:28:20,320
Speaker 2: it's the carbon ceramic brakes are standard. It's got you know,

542
00:28:20,800 --> 00:28:24,000
Speaker 2: seven hundred horse power, it has six hundred pound feet

543
00:28:24,040 --> 00:28:28,560
Speaker 2: of torque. It's everything. It checks every box right, It's

544
00:28:28,600 --> 00:28:31,760
Speaker 2: got a great transmission. It's not a dual clutch, but

545
00:28:31,800 --> 00:28:36,080
Speaker 2: it's this, it's the ZF eight speed. It's it's it's amazing.

546
00:28:36,880 --> 00:28:41,880
Speaker 2: It's robust. But you can barely see the screen because

547
00:28:42,000 --> 00:28:45,320
Speaker 2: there's so much glare. There's no contrast. It's it looks

548
00:28:45,400 --> 00:28:49,680
Speaker 2: like boxy and uh, you know, maybe they're using sixty

549
00:28:49,720 --> 00:28:53,920
Speaker 2: four bit technology, you know, like my old Nintendo. I

550
00:28:53,960 --> 00:28:55,680
Speaker 2: don't know, but let's.

551
00:28:55,400 --> 00:29:00,800
Speaker 1: Put this in really stark terms. You have a it

552
00:29:00,880 --> 00:29:05,320
Speaker 1: is a is a B twelve right, No, sorry, misleading,

553
00:29:05,640 --> 00:29:06,760
Speaker 1: it is misleading you call it.

554
00:29:06,800 --> 00:29:08,600
Speaker 2: I think the dB twelve they should have gone straight

555
00:29:08,640 --> 00:29:10,920
Speaker 2: to thirteen because it has a four leter twin turbo

556
00:29:11,000 --> 00:29:13,400
Speaker 2: V eight. It's an amazing motor. I have no problem

557
00:29:13,400 --> 00:29:15,240
Speaker 2: with the motor. It doesn't bother me that it's not

558
00:29:15,400 --> 00:29:18,160
Speaker 2: a V twelve. Okay, everybody I show it to in

559
00:29:18,200 --> 00:29:20,640
Speaker 2: my block when I say dB twelve like, oh wow,

560
00:29:21,120 --> 00:29:22,920
Speaker 2: you're breathing twelve cylinder engine, I'm.

561
00:29:22,800 --> 00:29:26,200
Speaker 1: Like, yeah, okay, so too. Okay, So even more to

562
00:29:26,280 --> 00:29:31,880
Speaker 1: my point, we've got two convertibles that are eight cylinder cars.

563
00:29:32,200 --> 00:29:33,720
Speaker 2: In fact, they're pretty much the same motive.

564
00:29:33,920 --> 00:29:36,000
Speaker 1: It's very very similar.

565
00:29:35,640 --> 00:29:39,440
Speaker 2: Because Aston Martin buys these motors from Mercedes. Pens Right,

566
00:29:39,480 --> 00:29:40,840
Speaker 2: So Mercedes.

567
00:29:40,280 --> 00:29:45,520
Speaker 1: Has more horse power and is actually less expensive, drives

568
00:29:45,840 --> 00:29:49,880
Speaker 1: arguably better, I would say, with a far superior infotainment

569
00:29:50,000 --> 00:29:54,080
Speaker 1: system and it costs less. Maybe you could say the

570
00:29:54,120 --> 00:29:57,840
Speaker 1: Aston Martin is a more beautiful, more classically beautiful car.

571
00:29:57,960 --> 00:29:59,440
Speaker 2: It is, I might.

572
00:29:59,360 --> 00:30:04,720
Speaker 1: Say that, but does that outweigh everything else? Well?

573
00:30:04,800 --> 00:30:06,320
Speaker 3: Ultimately, which would you choose?

574
00:30:06,480 --> 00:30:09,400
Speaker 2: So to be clear, this is the engine is directly

575
00:30:09,440 --> 00:30:14,000
Speaker 2: sourced from Mercedes. So the reason that the Mercedes that

576
00:30:14,040 --> 00:30:17,800
Speaker 2: you're driving has more power is because of its hybrid component. Sure,

577
00:30:17,920 --> 00:30:20,400
Speaker 2: and it has electric motors, right, This doesn't. This is

578
00:30:20,640 --> 00:30:24,880
Speaker 2: just a turbo charged gas motor. So if they made

579
00:30:24,920 --> 00:30:28,520
Speaker 2: it a hybrid, it probably would be the same, or

580
00:30:28,640 --> 00:30:33,280
Speaker 2: or they would insist that it's more. If you're going

581
00:30:33,360 --> 00:30:35,320
Speaker 2: to have a car like this as a daily driver,

582
00:30:35,440 --> 00:30:38,160
Speaker 2: you take the MRK every time, like it's cheaper and

583
00:30:39,920 --> 00:30:43,160
Speaker 2: it's easier to use. It's superior to probably live with.

584
00:30:43,440 --> 00:30:45,280
Speaker 2: If you're going to have this car as for a

585
00:30:45,320 --> 00:30:49,120
Speaker 2: special occasion, you know, or to or to make a statement,

586
00:30:49,160 --> 00:30:51,640
Speaker 2: you take the ast In because you'll never see another.

587
00:30:51,720 --> 00:30:53,760
Speaker 2: You rarely see another one in New York. I mean

588
00:30:53,920 --> 00:30:57,120
Speaker 2: obviously La London. Yeah, I do buy maybe.

589
00:30:56,880 --> 00:30:59,040
Speaker 1: You see them, but they're more rare, certainly.

590
00:31:00,120 --> 00:31:02,000
Speaker 2: But the but the bottom line also is at this

591
00:31:02,120 --> 00:31:07,520
Speaker 2: price level for a new car, like very few people

592
00:31:07,520 --> 00:31:10,000
Speaker 2: if you, if you don't work at SpaceX, like, there

593
00:31:10,000 --> 00:31:12,160
Speaker 2: are hardly any people out there that are going to

594
00:31:12,240 --> 00:31:15,920
Speaker 2: go and drop essentially a quarter of a million bucks

595
00:31:15,960 --> 00:31:19,000
Speaker 2: on the murk or you know, three hundred thousand plus

596
00:31:19,040 --> 00:31:20,440
Speaker 2: on the on the ass ten.

597
00:31:20,560 --> 00:31:21,440
Speaker 1: Yeah, but they're out there.

598
00:31:22,120 --> 00:31:23,400
Speaker 2: They're out there for sure.

599
00:31:23,440 --> 00:31:26,720
Speaker 1: And they probably have a Bloomberg terminal. It might be listening.

600
00:31:27,240 --> 00:31:29,080
Speaker 2: That's definitely.

601
00:31:29,080 --> 00:31:32,840
Speaker 1: You know, we're always told at pursuits, and I agree.

602
00:31:33,240 --> 00:31:37,880
Speaker 1: The real, real, the real scarcity in resources is time,

603
00:31:38,040 --> 00:31:39,120
Speaker 1: not money for.

604
00:31:39,120 --> 00:31:41,760
Speaker 3: A lot of our people, for our clients.

605
00:31:41,880 --> 00:31:42,760
Speaker 1: Yeah, it's time.

606
00:31:43,280 --> 00:31:45,000
Speaker 2: Maybe not for our listeners.

607
00:31:45,200 --> 00:31:48,760
Speaker 1: Maybe not for our listeners. But that's okay, I mean,

608
00:31:48,880 --> 00:31:51,960
Speaker 1: I get it, it's time. It's not the money is

609
00:31:52,000 --> 00:31:53,160
Speaker 1: not the limiting factors.

610
00:31:53,200 --> 00:31:56,280
Speaker 2: Well, the thing I think for people listening to this podcast,

611
00:31:56,320 --> 00:31:58,120
Speaker 2: most of people I know who listen to it, and

612
00:31:58,120 --> 00:32:00,200
Speaker 2: by the way, a lot of people listen to this podcast.

613
00:32:00,240 --> 00:32:02,800
Speaker 2: I got so much feedback last week, What do you mean?

614
00:32:03,080 --> 00:32:05,680
Speaker 2: Just so many people wrote, wrote to me, emailed me,

615
00:32:06,040 --> 00:32:09,280
Speaker 2: texted me, called me because they heard from listening to

616
00:32:09,360 --> 00:32:13,320
Speaker 2: this that I had gotten that new oh seven sixty,

617
00:32:13,880 --> 00:32:15,720
Speaker 2: And I was like, wow, cool people listen. But I

618
00:32:15,960 --> 00:32:20,160
Speaker 2: think so. I think the the commonality of many of

619
00:32:20,200 --> 00:32:22,640
Speaker 2: our listeners is that they see this, they see in

620
00:32:22,680 --> 00:32:25,360
Speaker 2: Aston Martin like this, and they are interested in care

621
00:32:25,520 --> 00:32:26,880
Speaker 2: you know, and love to look at it and hear

622
00:32:26,920 --> 00:32:30,120
Speaker 2: about out drives. And then also five years later they're

623
00:32:30,160 --> 00:32:33,360
Speaker 2: shopping for it because they depreciate so significantly.

624
00:32:33,400 --> 00:32:34,720
Speaker 3: There you go, right there.

625
00:32:34,760 --> 00:32:37,520
Speaker 1: Your were just doing our bit for anywhere along the

626
00:32:37,560 --> 00:32:40,320
Speaker 1: sales chain, well start or the middle or the end

627
00:32:40,320 --> 00:32:40,600
Speaker 1: of it.

628
00:32:40,640 --> 00:32:45,000
Speaker 2: And I think also, like everybody, or like a lot

629
00:32:45,000 --> 00:32:47,720
Speaker 2: of people, I like to think about what I would

630
00:32:47,720 --> 00:32:50,000
Speaker 2: do if I did work at SpaceX and all of

631
00:32:50,040 --> 00:32:53,520
Speaker 2: a sudden I had ten million dollars. Would I buy this? No,

632
00:32:53,920 --> 00:32:56,240
Speaker 2: I still probably wouldn't pay three hundred and fifty thousand

633
00:32:56,280 --> 00:32:58,680
Speaker 2: dollars for it, And I wouldn't pay for a new

634
00:32:59,040 --> 00:33:01,440
Speaker 2: nine to eleven Turbo S And I wouldn't pay for

635
00:33:01,480 --> 00:33:02,520
Speaker 2: that new Mercedes.

636
00:33:03,040 --> 00:33:04,480
Speaker 3: I might not me because you know.

637
00:33:04,480 --> 00:33:07,480
Speaker 2: What, I would rather go get a two thousand and

638
00:33:08,080 --> 00:33:13,520
Speaker 2: sixteen Acid Martin V eight Vantage with three pedals. I

639
00:33:13,520 --> 00:33:19,240
Speaker 2: would still I still want that depreciation. Yes, I still

640
00:33:19,280 --> 00:33:22,520
Speaker 2: want to be because I can have just as good

641
00:33:22,520 --> 00:33:24,680
Speaker 2: a time, even better with the.

642
00:33:24,680 --> 00:33:25,720
Speaker 3: Stick for sure.

643
00:33:25,760 --> 00:33:28,680
Speaker 2: And I'm only gonna on the on the twenty sixteen.

644
00:33:28,680 --> 00:33:31,120
Speaker 2: I'm only going to spend sixty sixty five grand for

645
00:33:31,200 --> 00:33:32,040
Speaker 2: a sweet one.

646
00:33:32,400 --> 00:33:35,120
Speaker 1: Have you ever actually bought a new car off the lot?

647
00:33:35,320 --> 00:33:40,440
Speaker 2: I bought a new uh G five hundred. Oh was

648
00:33:40,480 --> 00:33:41,600
Speaker 2: that wagon?

649
00:33:41,640 --> 00:33:42,680
Speaker 1: Why did you buy that new?

650
00:33:43,320 --> 00:33:43,760
Speaker 2: Because?

651
00:33:43,840 --> 00:33:45,040
Speaker 1: What made it worth it to you?

652
00:33:45,160 --> 00:33:48,640
Speaker 2: Because so? Because I bought it in twenty nineteen, right

653
00:33:48,680 --> 00:33:51,440
Speaker 2: when they had come out with the new generation of

654
00:33:51,560 --> 00:33:52,520
Speaker 2: G Wagon.

655
00:33:52,320 --> 00:33:53,560
Speaker 3: And that was important.

656
00:33:53,640 --> 00:33:56,400
Speaker 2: Unlike the purists, I did not enjoy the steering on

657
00:33:56,480 --> 00:34:00,320
Speaker 2: the old G Wagon, you know, I did not enjoy

658
00:34:00,360 --> 00:34:02,040
Speaker 2: the way the old G Wagon drove.

659
00:34:02,320 --> 00:34:04,920
Speaker 1: We wouldn't call it a nimble dancer.

660
00:34:04,800 --> 00:34:08,279
Speaker 2: No, But the new one I did enjoy it, and

661
00:34:09,920 --> 00:34:12,840
Speaker 2: so I put my order in. It took two years,

662
00:34:12,880 --> 00:34:14,880
Speaker 2: maybe I ordered it at the end of eighteen. I

663
00:34:14,920 --> 00:34:18,600
Speaker 2: finally got it in twenty twenty. And that's also the

664
00:34:18,600 --> 00:34:20,640
Speaker 2: only car new ore Us that I've ever made a

665
00:34:20,719 --> 00:34:21,839
Speaker 2: profit on when I sold it.

666
00:34:22,600 --> 00:34:25,960
Speaker 1: Oh, no way, Yeah, so that buck the trend.

667
00:34:26,440 --> 00:34:28,360
Speaker 2: I mean I saved up for years to be fair,

668
00:34:28,440 --> 00:34:31,000
Speaker 2: and when I did buy it, I paid I don't know,

669
00:34:31,040 --> 00:34:34,080
Speaker 2: I think one thirty or one.

670
00:34:34,120 --> 00:34:36,240
Speaker 3: You actually made money on a new car purchase.

671
00:34:36,520 --> 00:34:38,680
Speaker 2: Yeah, I sold it like two years later with thirty

672
00:34:38,719 --> 00:34:41,560
Speaker 2: thousand miles on it for one point fifty.

673
00:34:42,000 --> 00:34:43,800
Speaker 3: Dude, that's really good.

674
00:34:44,239 --> 00:34:47,600
Speaker 1: Yeah, wow, congrats, that's really really good.

675
00:34:47,680 --> 00:34:49,719
Speaker 2: Because I was going to say everything else I I

676
00:34:49,760 --> 00:34:52,560
Speaker 2: bought my Raptor. I bought new kind of part of

677
00:34:52,600 --> 00:34:55,640
Speaker 2: my reporting because I was doing a story on building

678
00:34:55,719 --> 00:35:00,000
Speaker 2: f fifties. Yeah, but that wasn't you know, a high

679
00:35:00,200 --> 00:35:02,680
Speaker 2: car that was affordable. At the time I bought my Raptor,

680
00:35:02,719 --> 00:35:06,440
Speaker 2: it was only fifty fifty eight thousand dollars sticker, and

681
00:35:06,480 --> 00:35:08,279
Speaker 2: that was when it had the six point two liters

682
00:35:08,400 --> 00:35:11,520
Speaker 2: V eight. That was when it was the really good Raptor.

683
00:35:12,680 --> 00:35:16,799
Speaker 1: Did you buy that or the g Wagon thinking that

684
00:35:16,840 --> 00:35:19,320
Speaker 1: you were going to lose money? Yes, and you're okay

685
00:35:19,360 --> 00:35:19,600
Speaker 1: with that?

686
00:35:20,440 --> 00:35:24,160
Speaker 2: Yeah, I mean a car is a depreciating asset, like

687
00:35:24,400 --> 00:35:27,080
Speaker 2: in my world right in not maybe not in your

688
00:35:27,120 --> 00:35:30,040
Speaker 2: world because you guys have so much experience I know,

689
00:35:30,080 --> 00:35:34,480
Speaker 2: but when you buy a car, you know you you

690
00:35:34,600 --> 00:35:36,640
Speaker 2: already have been doing this for a long time, so

691
00:35:36,719 --> 00:35:38,719
Speaker 2: you probably could sell one of the cars you've bought

692
00:35:38,760 --> 00:35:40,560
Speaker 2: for more than what you paid. I'd like to think

693
00:35:40,600 --> 00:35:44,720
Speaker 2: so yeah, but I, you know, was just a normal

694
00:35:44,800 --> 00:35:48,840
Speaker 2: person before and so stop. I always expect appreciation on

695
00:35:48,880 --> 00:35:49,320
Speaker 2: a vehicle.

696
00:35:49,400 --> 00:35:52,279
Speaker 1: Yeah, I think, I think, I mean, we all kind

697
00:35:52,280 --> 00:35:55,719
Speaker 1: of should. Anyway. That's I was going to say, I just.

698
00:35:55,680 --> 00:35:57,879
Speaker 2: Sold my Challenger for a loss. You know, I think

699
00:35:57,880 --> 00:36:01,200
Speaker 2: I paid sixty four for it new and I sold

700
00:36:01,200 --> 00:36:02,040
Speaker 2: it for fifty one.

701
00:36:02,760 --> 00:36:06,520
Speaker 1: There's a part of me that thinks, at one point

702
00:36:06,520 --> 00:36:09,719
Speaker 1: we're talking like if we win a million dollars or

703
00:36:10,719 --> 00:36:16,680
Speaker 1: join SpaceX's investor board, whatever, that new car smell, it's

704
00:36:16,760 --> 00:36:17,279
Speaker 1: kind of cool.

705
00:36:17,520 --> 00:36:18,239
Speaker 2: What would you get?

706
00:36:18,920 --> 00:36:23,040
Speaker 1: Probably, honestly, if I was getting a new car, I

707
00:36:23,040 --> 00:36:27,360
Speaker 1: would probably either get one of the SL sixty three's, Honestly,

708
00:36:27,600 --> 00:36:31,920
Speaker 1: I would seriously consider that, or a nine nine to

709
00:36:32,000 --> 00:36:38,959
Speaker 1: two turbos probably really yeah, Yeah, the SL sixty three

710
00:36:39,000 --> 00:36:41,120
Speaker 1: I get, But the turbos I do not get.

711
00:36:42,320 --> 00:36:45,040
Speaker 2: I don't feel like, well I haven't actually I haven't driven.

712
00:36:45,120 --> 00:36:47,480
Speaker 1: Well, what I really want is the st but that's

713
00:36:47,560 --> 00:36:49,000
Speaker 1: kind of in a different category.

714
00:36:49,080 --> 00:36:51,560
Speaker 2: Now, that's where I'm with you. That's why, that's where

715
00:36:51,560 --> 00:36:52,239
Speaker 2: I'm right.

716
00:36:52,280 --> 00:36:55,120
Speaker 1: All right, Well, now that's that's all. If I had

717
00:36:55,120 --> 00:36:57,760
Speaker 1: SpaceX money, one hundred thousand dollars car now.

718
00:36:58,000 --> 00:37:00,239
Speaker 2: Yeah, but you know it's going to appreciate right way.

719
00:37:00,280 --> 00:37:03,240
Speaker 2: That's like a nine to eleven R. You know, maybe

720
00:37:03,320 --> 00:37:06,160
Speaker 2: if I had that kind of if I had SpaceX money,

721
00:37:06,440 --> 00:37:11,000
Speaker 2: I would definitely get an st Yes, if I could

722
00:37:11,040 --> 00:37:13,920
Speaker 2: get the allocation, sure, because I wouldn't want to buy

723
00:37:13,960 --> 00:37:18,520
Speaker 2: it flicking for a trailer. But yeah, what else do.

724
00:37:18,440 --> 00:37:18,759
Speaker 5: We have that?

725
00:37:19,239 --> 00:37:19,399
Speaker 4: Oh?

726
00:37:19,760 --> 00:37:21,239
Speaker 1: Can I can I do a venting thing?

727
00:37:21,560 --> 00:37:21,719
Speaker 2: Yes?

728
00:37:21,840 --> 00:37:23,799
Speaker 1: You have time for event and you can talk. Then

729
00:37:23,800 --> 00:37:27,520
Speaker 1: we'll we'll get to Jim Farley. Perfect. Here's my little

730
00:37:27,600 --> 00:37:30,120
Speaker 1: rant for the day, and you guys can weigh in

731
00:37:30,160 --> 00:37:33,000
Speaker 1: on your pet peeves. Here's a pet peeve when somebody

732
00:37:33,080 --> 00:37:36,360
Speaker 1: parks way too close to the bumper of your classic

733
00:37:36,840 --> 00:37:39,279
Speaker 1: Rolls Royce vehicle, when they have all the room in

734
00:37:39,280 --> 00:37:42,880
Speaker 1: the world and they literally park, I would say, generously

735
00:37:43,000 --> 00:37:46,279
Speaker 1: eight inches from your bumper. And it happens to be

736
00:37:46,320 --> 00:37:51,160
Speaker 1: a Tesla with a no elon license plate, which to

737
00:37:51,280 --> 00:37:55,000
Speaker 1: me is the height of stupidity and virtue signaling. That

738
00:37:55,120 --> 00:37:56,880
Speaker 1: just really grinds my gears.

739
00:37:57,239 --> 00:37:59,640
Speaker 2: I have a real problem with the parking issue.

740
00:38:00,200 --> 00:38:00,759
Speaker 3: Who does that?

741
00:38:01,080 --> 00:38:01,759
Speaker 2: You know you're right?

742
00:38:01,880 --> 00:38:05,440
Speaker 1: Is it malicious or is it completely just not spatially aware.

743
00:38:05,960 --> 00:38:10,600
Speaker 2: It's malicious. It's it's weak on the part of the

744
00:38:10,600 --> 00:38:11,600
Speaker 2: person who does. I don't.

745
00:38:11,680 --> 00:38:14,160
Speaker 1: I don't get it. I couldn't get behind that car

746
00:38:14,200 --> 00:38:15,560
Speaker 1: to open my trunk if I needed to.

747
00:38:15,880 --> 00:38:16,600
Speaker 2: Not a good person.

748
00:38:17,320 --> 00:38:18,480
Speaker 3: I don't think it's a good person.

749
00:38:18,840 --> 00:38:21,680
Speaker 1: And then on top I don't in La, it's a

750
00:38:21,760 --> 00:38:24,000
Speaker 1: very big deal to if you do have a Tusla,

751
00:38:24,080 --> 00:38:26,640
Speaker 1: you got to have like an anti elon bumper sticker.

752
00:38:26,719 --> 00:38:28,799
Speaker 2: Now that I'm okay with that, I'm okay.

753
00:38:29,000 --> 00:38:30,920
Speaker 1: Why don't you just get a different car? If you're

754
00:38:30,960 --> 00:38:33,160
Speaker 1: driving a Tesla anyway you can afford it. It's not

755
00:38:33,239 --> 00:38:37,200
Speaker 1: like just get swap it out.

756
00:38:36,840 --> 00:38:41,280
Speaker 2: Like a Model three Performance or no, some random models. Okay,

757
00:38:41,280 --> 00:38:44,040
Speaker 2: So it's first of all, it's the best car. It's

758
00:38:44,040 --> 00:38:44,640
Speaker 2: the best Tesla.

759
00:38:44,800 --> 00:38:48,080
Speaker 1: It's the best good it's not there's.

760
00:38:47,120 --> 00:38:49,280
Speaker 2: A tireless design, it's elegant.

761
00:38:49,800 --> 00:38:51,120
Speaker 1: Get an e Tron.

762
00:38:50,920 --> 00:38:54,680
Speaker 2: And it's old. It's old. The person for one, the

763
00:38:54,680 --> 00:38:56,720
Speaker 2: person it's fair to say that the person new bottom

764
00:38:56,760 --> 00:39:04,799
Speaker 2: Model S bought it before Elon Musk was defiably.

765
00:39:02,560 --> 00:39:05,040
Speaker 1: Unclear because this person owns two Teslas.

766
00:39:05,360 --> 00:39:06,080
Speaker 2: How do you know that?

767
00:39:06,640 --> 00:39:07,960
Speaker 1: Because they live in my neighborhood.

768
00:39:08,400 --> 00:39:11,080
Speaker 2: Oh my god, Okay.

769
00:39:10,719 --> 00:39:14,440
Speaker 1: I've been clocking this person. If I know who this

770
00:39:14,440 --> 00:39:15,120
Speaker 1: person is.

771
00:39:15,040 --> 00:39:17,320
Speaker 2: If you have to Tesla's, then the bumper sticker or

772
00:39:17,360 --> 00:39:20,399
Speaker 2: the right. Dude, you can't just no longer disc.

773
00:39:20,680 --> 00:39:23,240
Speaker 1: You can't have no Eli license plate. You've been owning

774
00:39:23,239 --> 00:39:26,320
Speaker 1: Tesla's for years. Yeah, that's not This is just someone

775
00:39:26,320 --> 00:39:28,959
Speaker 1: who's trying to be what they think is cool. That's

776
00:39:29,000 --> 00:39:32,799
Speaker 1: not okay, Just get rid of the car, dude, I

777
00:39:32,800 --> 00:39:33,399
Speaker 1: don't get it.

778
00:39:33,640 --> 00:39:35,960
Speaker 2: I agree, I agree, But the thing is like, if

779
00:39:35,960 --> 00:39:40,120
Speaker 2: you're parking, I well, I'm of two minds because I

780
00:39:40,160 --> 00:39:45,440
Speaker 2: think the Model S is a great a great vehicle

781
00:39:45,520 --> 00:39:46,920
Speaker 2: and historically also.

782
00:39:47,120 --> 00:39:49,399
Speaker 1: Historically extremely significant.

783
00:39:49,960 --> 00:39:52,840
Speaker 2: And but I was gonna say, if you the Tesla,

784
00:39:53,320 --> 00:39:56,720
Speaker 2: the Tesla driver doesn't care if you hit her bumper

785
00:39:57,000 --> 00:40:01,080
Speaker 2: or his bumper, whereas the roles are voice driver does

786
00:40:01,120 --> 00:40:01,800
Speaker 2: care care.

787
00:40:01,760 --> 00:40:06,560
Speaker 1: Very much, but also show some respect for an old rules. Seriously,

788
00:40:06,920 --> 00:40:07,920
Speaker 1: I'm with you. It's not about me.

789
00:40:07,960 --> 00:40:08,719
Speaker 3: It's about my car.

790
00:40:08,760 --> 00:40:11,719
Speaker 2: I'm one hundred percent with you on that, But I

791
00:40:11,719 --> 00:40:14,279
Speaker 2: think it's okay for normal A normal person who bought

792
00:40:14,280 --> 00:40:18,320
Speaker 2: a Model three before Elon Musk took up the chainsaw,

793
00:40:19,880 --> 00:40:21,719
Speaker 2: it's fair for that person to say, I bought this

794
00:40:21,800 --> 00:40:23,840
Speaker 2: car before I knew it was crazy.

795
00:40:24,000 --> 00:40:24,439
Speaker 1: I think.

796
00:40:25,760 --> 00:40:27,920
Speaker 2: I think Dan Neil actually wrote a column about that

797
00:40:27,960 --> 00:40:30,399
Speaker 2: in the Wall Street Journal, remember that, like a year ago.

798
00:40:30,680 --> 00:40:31,480
Speaker 3: I love his writing.

799
00:40:31,600 --> 00:40:36,520
Speaker 1: Yeah, here's the other thing. And I don't actually know

800
00:40:36,719 --> 00:40:40,080
Speaker 1: if I myself live up to this standard that I'm

801
00:40:40,080 --> 00:40:43,840
Speaker 1: going to say I hold other people to. But don't

802
00:40:43,880 --> 00:40:47,000
Speaker 1: you at least try to have a general idea about

803
00:40:47,040 --> 00:40:52,000
Speaker 1: any big purchases, about who's behind what you're buying. The

804
00:40:52,040 --> 00:40:55,000
Speaker 1: car is probably your second biggest purchase in life for

805
00:40:55,120 --> 00:41:01,240
Speaker 1: most people, So regardless of anything, you have a little

806
00:41:01,280 --> 00:41:05,960
Speaker 1: idea about the philosophy behind the object that you spend

807
00:41:05,960 --> 00:41:06,399
Speaker 1: money on.

808
00:41:07,600 --> 00:41:11,200
Speaker 2: I mean, I hear what you're sorry. I think before

809
00:41:13,200 --> 00:41:17,319
Speaker 2: like about two years ago, it became clear that Musk

810
00:41:17,480 --> 00:41:21,680
Speaker 2: was like gonna run around with the chainsaw, had like

811
00:41:21,840 --> 00:41:23,480
Speaker 2: thirteen children.

812
00:41:23,920 --> 00:41:26,560
Speaker 1: You know, Like, well, he's had thirteen children for about

813
00:41:26,560 --> 00:41:27,160
Speaker 1: twenty years.

814
00:41:27,320 --> 00:41:29,920
Speaker 2: It just wasn't really out in the open that he was,

815
00:41:31,440 --> 00:41:32,000
Speaker 2: so he's.

816
00:41:31,880 --> 00:41:33,600
Speaker 1: Been talking about Mars since day one.

817
00:41:33,960 --> 00:41:36,360
Speaker 2: Yeah, but that's cool. That's the cool part of Elon Musk.

818
00:41:37,239 --> 00:41:41,960
Speaker 2: The things that he's achieved for, you know, humanity are

819
00:41:42,000 --> 00:41:44,760
Speaker 2: still like you can't debate that, right, Am I wrong?

820
00:41:45,120 --> 00:41:47,680
Speaker 1: Do you not think that's I'm not sure what your

821
00:41:47,719 --> 00:41:48,200
Speaker 1: point is.

822
00:41:49,400 --> 00:41:51,359
Speaker 2: I think at the time the Model S came out,

823
00:41:51,400 --> 00:41:55,480
Speaker 2: you could be proud to buy a Tesla. You know,

824
00:41:55,560 --> 00:41:57,600
Speaker 2: at the time the Model X came out, you could

825
00:41:57,600 --> 00:41:59,719
Speaker 2: be proud to buy a Tesla that was still when

826
00:42:00,200 --> 00:42:01,680
Speaker 2: you're sling, you.

827
00:42:01,600 --> 00:42:03,759
Speaker 1: Would have been proud to buy a Tesla. And no,

828
00:42:04,239 --> 00:42:08,319
Speaker 1: and no, And this is at the I'm just gonna

829
00:42:08,440 --> 00:42:10,759
Speaker 1: tout my own self for a minute. I have spent

830
00:42:10,880 --> 00:42:14,480
Speaker 1: a lot of time with Elon before people knew he.

831
00:42:14,520 --> 00:42:17,160
Speaker 3: Was who he is now, And wasn't it cool?

832
00:42:17,760 --> 00:42:20,840
Speaker 1: He was a very nice person. He was very nice

833
00:42:21,160 --> 00:42:24,759
Speaker 1: to me at that point. Obviously, I'm a reporter, so

834
00:42:24,840 --> 00:42:26,680
Speaker 1: he's going to be on his best behavior and all

835
00:42:26,719 --> 00:42:31,279
Speaker 1: this stuff. But even then, when I could have a

836
00:42:31,360 --> 00:42:34,160
Speaker 1: nice conversation with him, I would not have bought a Tesla.

837
00:42:35,280 --> 00:42:37,319
Speaker 2: Well that's because you're a car enthusiast.

838
00:42:37,320 --> 00:42:38,759
Speaker 3: I love that's my own thing.

839
00:42:38,960 --> 00:42:42,080
Speaker 2: Yes, I get it. I mean you are a big

840
00:42:42,120 --> 00:42:49,160
Speaker 2: fan of authentic quality and real materials, and it's not you.

841
00:42:49,600 --> 00:42:50,120
Speaker 3: It's just not me.

842
00:42:50,400 --> 00:42:52,719
Speaker 2: You bought like a nineteen seventy one Rolls Royce. That's

843
00:42:52,880 --> 00:43:02,640
Speaker 2: very different. That's the other end. You know who I

844
00:43:02,680 --> 00:43:06,719
Speaker 2: love spending time with and who is cool and I

845
00:43:07,000 --> 00:43:10,359
Speaker 2: liked him as long as I've known him, so for

846
00:43:10,560 --> 00:43:13,319
Speaker 2: fifteen Jim Farley. Yes, Jim Farley is a great guy.

847
00:43:13,920 --> 00:43:14,879
Speaker 1: Is that who we're gonna say?

848
00:43:14,960 --> 00:43:16,160
Speaker 2: Yeah, Yeah, it is.

849
00:43:17,400 --> 00:43:19,319
Speaker 1: He seems pretty authentic.

850
00:43:19,840 --> 00:43:23,319
Speaker 2: It's so cool what he's been able to do. Like

851
00:43:24,480 --> 00:43:28,080
Speaker 2: his I think his like grandfather worked at Ford and

852
00:43:28,440 --> 00:43:31,480
Speaker 2: the first car that he bought and drove across country

853
00:43:31,560 --> 00:43:35,320
Speaker 2: was a Mustang. And he worked very successfully at Lexus

854
00:43:35,360 --> 00:43:38,520
Speaker 2: for a long time, so for the competition before he

855
00:43:38,600 --> 00:43:43,120
Speaker 2: came to run Ford. And it's just sweet that he

856
00:43:43,280 --> 00:43:47,200
Speaker 2: got them back to JD. Power's number one spot because

857
00:43:47,360 --> 00:43:49,640
Speaker 2: it's not something you can buy. It's not like car

858
00:43:49,640 --> 00:43:52,600
Speaker 2: of the Year for some mag that you know, we'll

859
00:43:52,600 --> 00:43:54,560
Speaker 2: give it to you if you put enough ads in

860
00:43:54,600 --> 00:43:59,160
Speaker 2: their book, Like you have to make better cars in

861
00:43:59,280 --> 00:44:00,279
Speaker 2: order to achieve that.

862
00:44:00,719 --> 00:44:03,640
Speaker 1: Yeah, I want to put a qualifier in here and

863
00:44:03,680 --> 00:44:07,960
Speaker 1: say it makes me uncomfortable to like speak in such

864
00:44:08,000 --> 00:44:13,800
Speaker 1: glowing terms of any car executive because because of journalists

865
00:44:13,840 --> 00:44:17,439
Speaker 1: but journalistic integrity. So I'm like not going to say

866
00:44:18,400 --> 00:44:22,160
Speaker 1: very much glowing about anybody, but I will agree with you,

867
00:44:22,239 --> 00:44:26,040
Speaker 1: Matt that and obviously with a grain of assault, because

868
00:44:26,120 --> 00:44:32,080
Speaker 1: he's he's incredibly smart, and he understands his audience and

869
00:44:32,120 --> 00:44:35,280
Speaker 1: he understands who he's talking to, and so he plays

870
00:44:35,320 --> 00:44:37,239
Speaker 1: to that of course, but you know, he can read

871
00:44:37,280 --> 00:44:41,239
Speaker 1: the room. Anybody can. But my point is also he

872
00:44:41,480 --> 00:44:44,560
Speaker 1: is a little bit different when you're dealing with him

873
00:44:45,239 --> 00:44:51,239
Speaker 1: in like in a straight interview for a story or

874
00:44:51,280 --> 00:44:54,719
Speaker 1: a specific future or something, because unlike a lot of

875
00:44:54,800 --> 00:44:59,320
Speaker 1: car other car executives, he doesn't speak in bullet points.

876
00:44:59,719 --> 00:45:05,239
Speaker 1: He he can articulate in a normal conversation, very high

877
00:45:05,320 --> 00:45:09,399
Speaker 1: minded ideas in a normal manner, and he doesn't speak

878
00:45:09,440 --> 00:45:11,720
Speaker 1: in pullet points and he doesn't have five pr people

879
00:45:11,719 --> 00:45:14,799
Speaker 1: standing around him because he can't. He's unsure that he's

880
00:45:14,800 --> 00:45:16,560
Speaker 1: going to say the right or the wrong thing. He

881
00:45:16,680 --> 00:45:20,560
Speaker 1: is able to articulate exactly what he means like.

882
00:45:20,640 --> 00:45:22,120
Speaker 2: A well because it comes from the heart.

883
00:45:22,360 --> 00:45:24,279
Speaker 3: And yes, you know that is admirable.

884
00:45:24,520 --> 00:45:27,759
Speaker 2: You know he's not playing, he's not putting it on

885
00:45:28,280 --> 00:45:31,839
Speaker 2: because when he talks about the importance of forward to him,

886
00:45:32,200 --> 00:45:38,960
Speaker 2: it's a family matter. Yes, when if you're fronting, then

887
00:45:39,000 --> 00:45:42,399
Speaker 2: you're not going to be driving classic race cars because

888
00:45:42,440 --> 00:45:43,000
Speaker 2: you could die.

889
00:45:43,000 --> 00:45:47,520
Speaker 1: I can't fake you cannot fake driving, and not just driving,

890
00:45:47,640 --> 00:45:52,760
Speaker 1: you can't fake racing. And that is another distinguishing factor

891
00:45:52,840 --> 00:45:54,759
Speaker 1: for Jim Farley, And you're absolutely right.

892
00:45:54,680 --> 00:45:57,200
Speaker 2: About it, like important. I remember when I was talking

893
00:45:57,239 --> 00:45:59,200
Speaker 2: to him many years ago at the LA Auto Show

894
00:45:59,200 --> 00:46:04,040
Speaker 2: about the g and it was incredibly important to him

895
00:46:04,520 --> 00:46:07,200
Speaker 2: to build a car that would get around the track

896
00:46:07,560 --> 00:46:11,840
Speaker 2: faster and as an than a portion nine to eleven

897
00:46:12,120 --> 00:46:17,440
Speaker 2: and be a better experience. He he put the the

898
00:46:18,400 --> 00:46:21,120
Speaker 2: what do you call the flat plane crank in that car,

899
00:46:21,280 --> 00:46:23,800
Speaker 2: knowing that it would be difficult, right because it shakes

900
00:46:23,840 --> 00:46:26,160
Speaker 2: the engine so much and it's hard to keep it durable,

901
00:46:27,200 --> 00:46:33,080
Speaker 2: but because he wanted that exotic experience, right, He's I'm

902
00:46:33,120 --> 00:46:35,880
Speaker 2: sure been at least part of the driving force between

903
00:46:36,000 --> 00:46:42,239
Speaker 2: keeping a manual transmission in the Mustang platform. When you

904
00:46:42,280 --> 00:46:46,319
Speaker 2: know the Camaro was canceled, the Challenger was canceled even

905
00:46:46,320 --> 00:46:48,520
Speaker 2: before it was canceled. Yes, they had a manual transmission,

906
00:46:48,520 --> 00:46:52,000
Speaker 2: but they hardly made any of them. Like, he cares

907
00:46:52,360 --> 00:46:57,200
Speaker 2: about the product for you know, for enthusiasts, even though

908
00:46:57,239 --> 00:47:00,799
Speaker 2: he's obviously running a business and here about that too,

909
00:47:00,920 --> 00:47:04,200
Speaker 2: so he's like authentic, but also of course he's a CEO. Anyway,

910
00:47:04,280 --> 00:47:08,880
Speaker 2: listen to what he told me about winning jd Powers

911
00:47:08,920 --> 00:47:15,799
Speaker 2: initial quality standards among all manufacturer, mainstream manufacturers. Let's take

912
00:47:15,840 --> 00:47:19,920
Speaker 2: it off, Jim. I mean, it is such an incredible feat.

913
00:47:20,360 --> 00:47:24,200
Speaker 2: Not only coming back from the slide that you were

914
00:47:24,239 --> 00:47:27,239
Speaker 2: in to take number one the number one spot, I

915
00:47:27,239 --> 00:47:29,240
Speaker 2: mean number two or number three would have been impressive,

916
00:47:29,280 --> 00:47:33,640
Speaker 2: but beating Toyota, beating Honda, their legendary for quality. How

917
00:47:33,680 --> 00:47:35,080
Speaker 2: did you actually achieve that?

918
00:47:35,640 --> 00:47:37,880
Speaker 6: Well, it took us four years of hard work to

919
00:47:37,920 --> 00:47:39,520
Speaker 6: be an overnight success story.

920
00:47:40,360 --> 00:47:43,800
Speaker 5: You know, it's been. It's been just an amazing culture change.

921
00:47:43,840 --> 00:47:47,480
Speaker 6: It for literally, Matt, every one of our engineers has

922
00:47:47,520 --> 00:47:50,439
Speaker 6: been in the plant, every one of our supply chain

923
00:47:50,520 --> 00:47:54,640
Speaker 6: teams are in our suppliers. We are paying attention to

924
00:47:54,760 --> 00:47:58,360
Speaker 6: every detail. It has taken a few years to get there,

925
00:47:58,960 --> 00:48:01,760
Speaker 6: but I think it's really about the culture of putting

926
00:48:01,880 --> 00:48:07,040
Speaker 6: quality before profits before anything else. And that really is

927
00:48:07,120 --> 00:48:10,839
Speaker 6: what's exciting about this because now what I'm seeing is

928
00:48:10,880 --> 00:48:13,759
Speaker 6: the team really focusing on learn tern durability.

929
00:48:14,200 --> 00:48:17,840
Speaker 2: So what was it your team? Was it an employee

930
00:48:17,880 --> 00:48:22,120
Speaker 2: of labor issue? Was it you know technology? Did you

931
00:48:22,239 --> 00:48:25,799
Speaker 2: use AI? Was it factory processes?

932
00:48:25,880 --> 00:48:25,960
Speaker 1: Like?

933
00:48:26,000 --> 00:48:27,799
Speaker 2: Can you get into specifics of how you did it?

934
00:48:29,239 --> 00:48:29,439
Speaker 5: Yeah?

935
00:48:29,560 --> 00:48:32,000
Speaker 6: If you if you were to visit today the Rouge

936
00:48:32,040 --> 00:48:34,440
Speaker 6: plant where we make the F one fifty matt what

937
00:48:34,480 --> 00:48:38,480
Speaker 6: you would see is a whole control center around data

938
00:48:38,520 --> 00:48:42,080
Speaker 6: and quality data. So we measure the torque of every

939
00:48:42,120 --> 00:48:46,040
Speaker 6: one of our fasteners. We have AI tools for vision systems,

940
00:48:46,440 --> 00:48:50,719
Speaker 6: but most of all, it's just old fashioned hard work

941
00:48:51,120 --> 00:48:55,360
Speaker 6: of our team members all working together to pay attention

942
00:48:55,480 --> 00:48:58,400
Speaker 6: to the very small details that will make a difference

943
00:48:58,440 --> 00:49:03,560
Speaker 6: between a perfectly built four and okay built Toyota. It's

944
00:49:03,600 --> 00:49:08,920
Speaker 6: just an incredible attention to every single detail.

945
00:49:09,440 --> 00:49:11,680
Speaker 2: So, I mean, it's interesting now that we're in the

946
00:49:11,680 --> 00:49:15,120
Speaker 2: age of AI and we're talking about this technology killing jobs,

947
00:49:15,160 --> 00:49:18,480
Speaker 2: but it seems like in your case, it's really experienced

948
00:49:19,040 --> 00:49:22,919
Speaker 2: human workers that made the big difference it did.

949
00:49:22,960 --> 00:49:25,880
Speaker 6: I have to say the process coaches, the area coaches,

950
00:49:26,320 --> 00:49:28,640
Speaker 6: you know, they get up every morning they look at

951
00:49:28,640 --> 00:49:31,439
Speaker 6: the last shifts quality data. We look at how many

952
00:49:31,520 --> 00:49:36,120
Speaker 6: vehicles are repaired, and we work that process every moment

953
00:49:36,239 --> 00:49:40,080
Speaker 6: of every day. Every employee walks into anyone on our plants,

954
00:49:40,120 --> 00:49:42,920
Speaker 6: they know exactly are we winning, are we losing yesterday

955
00:49:43,160 --> 00:49:47,200
Speaker 6: and today? Everyone is fully aware of where we stand.

956
00:49:47,360 --> 00:49:50,799
Speaker 6: We know exactly where Toyota is, we know exactly how

957
00:49:50,800 --> 00:49:53,560
Speaker 6: to you know where we need to get to beat

958
00:49:54,280 --> 00:49:57,399
Speaker 6: Tundra and Super Duty better than any of the other

959
00:49:57,440 --> 00:50:03,360
Speaker 6: domestic competitors. And so everyone is aware exactly the quality

960
00:50:03,440 --> 00:50:06,520
Speaker 6: is coming out of our plant in any particular shift

961
00:50:06,640 --> 00:50:11,680
Speaker 6: every fifty seconds. And that is that human motivation to

962
00:50:11,719 --> 00:50:15,560
Speaker 6: pay attention to everyone. Everything is amazing. Look, we make

963
00:50:15,640 --> 00:50:18,600
Speaker 6: eighty five percent of our vehicles in the US, Matt.

964
00:50:18,920 --> 00:50:22,879
Speaker 6: That means these are US factory workers versus even our

965
00:50:22,880 --> 00:50:26,400
Speaker 6: domestic competitors. They're some of the biggest importers in the US.

966
00:50:26,920 --> 00:50:29,400
Speaker 6: We're not building these vehicles in South Korea or Japan.

967
00:50:29,719 --> 00:50:34,560
Speaker 6: These are American workers beating Toyota and Hyundai and our

968
00:50:34,560 --> 00:50:38,440
Speaker 6: domestics who import their vehicles. We beat them all with

969
00:50:38,520 --> 00:50:43,080
Speaker 6: the American workers, with the attention to detail, it's.

970
00:50:42,960 --> 00:50:46,760
Speaker 2: An incredibly compelling narrative. I agree, of course, being at Bloomberg,

971
00:50:46,800 --> 00:50:51,440
Speaker 2: we're focused on the numbers and quality issues. Recalls and

972
00:50:51,480 --> 00:50:54,480
Speaker 2: the like had dragged down profits and margins to some

973
00:50:54,520 --> 00:50:57,520
Speaker 2: extent over the past few years. Can you quantify in

974
00:50:57,719 --> 00:51:00,440
Speaker 2: dollar terms how much this will contribute to to your

975
00:51:00,480 --> 00:51:01,399
Speaker 2: recovery this year?

976
00:51:03,239 --> 00:51:07,000
Speaker 6: Hundreds of millions of improvement. We're seeing our warranty coverages

977
00:51:07,080 --> 00:51:11,200
Speaker 6: come down, We're seeing our costs come down. These are

978
00:51:11,200 --> 00:51:14,360
Speaker 6: all contributing to literally hundreds and hundreds of millions of

979
00:51:14,400 --> 00:51:17,200
Speaker 6: dollars of a tailwind for Ford on costs.

980
00:51:17,560 --> 00:51:18,640
Speaker 5: But we didn't stop there.

981
00:51:18,760 --> 00:51:22,480
Speaker 6: We also negotiated our parts costs with our suppliers. We've

982
00:51:22,480 --> 00:51:24,879
Speaker 6: looked at all of our bill material and even our

983
00:51:25,080 --> 00:51:29,240
Speaker 6: manufacturing inventory and our plants and all our manufacturing logistics costs.

984
00:51:29,320 --> 00:51:31,680
Speaker 2: Imagine for Ford Pro it's the most important. You've got

985
00:51:31,680 --> 00:51:34,440
Speaker 2: incredible growth there, You've got double digit margins, You've got

986
00:51:34,440 --> 00:51:37,160
Speaker 2: thirty percent subscription growth. Correct me if I'm wrong on

987
00:51:37,200 --> 00:51:40,160
Speaker 2: any of those numbers. How important is this for Ford

988
00:51:40,160 --> 00:51:42,719
Speaker 2: Pro and does it change the picture at all?

989
00:51:42,880 --> 00:51:43,000
Speaker 1: Well?

990
00:51:43,480 --> 00:51:46,960
Speaker 6: Good question, I would say for Ford Pro, really what

991
00:51:47,040 --> 00:51:50,680
Speaker 6: this means Bill Ford tough really means something to our pro.

992
00:51:50,600 --> 00:51:52,920
Speaker 5: Customers on the vehicle side, But.

993
00:51:52,920 --> 00:51:56,280
Speaker 6: What we're really seeing there is an obsession with long

994
00:51:56,400 --> 00:52:01,080
Speaker 6: term powertrained durability. We're testing every end two to three

995
00:52:01,160 --> 00:52:05,680
Speaker 6: hundred thousand miles with transmissions, axles, everything. So those pro

996
00:52:05,760 --> 00:52:08,400
Speaker 6: customers who use their vehicles literally ninety percent of the

997
00:52:08,480 --> 00:52:11,600
Speaker 6: day to run their business, they can not only be

998
00:52:11,640 --> 00:52:14,719
Speaker 6: happy with ninety day quality, but also five to ten

999
00:52:14,800 --> 00:52:18,200
Speaker 6: year quality. That's what it means for our pro customers.

1000
00:52:18,239 --> 00:52:20,719
Speaker 2: In the pro business. I'm really interested in the subscription

1001
00:52:22,320 --> 00:52:26,879
Speaker 2: growth that you've seen. Can you give us targets there?

1002
00:52:26,920 --> 00:52:30,120
Speaker 2: Are you looking at even stronger growth as that business grows.

1003
00:52:31,560 --> 00:52:34,600
Speaker 6: We are seeing quarter over quarter, as you said, between

1004
00:52:34,600 --> 00:52:37,840
Speaker 6: thirty and forty percent growth. The margins are over eighty

1005
00:52:37,880 --> 00:52:41,360
Speaker 6: percent on our growth margin side. Here's what people are buying.

1006
00:52:41,600 --> 00:52:46,880
Speaker 6: They're buying productivity. These vehicles, you know they run their business. Plumbers, electricians,

1007
00:52:47,280 --> 00:52:50,080
Speaker 6: ambulance police, you know these customers.

1008
00:52:50,120 --> 00:52:51,840
Speaker 5: They use the date off the vehicles.

1009
00:52:52,080 --> 00:52:54,840
Speaker 6: They teach the drivers how to be easier on the brakes,

1010
00:52:55,160 --> 00:52:58,240
Speaker 6: to accelerate better, not to go past the speed limit.

1011
00:52:59,239 --> 00:53:02,200
Speaker 6: You know, did you tells and route the vehicles efficiently

1012
00:53:02,239 --> 00:53:05,839
Speaker 6: to their next job. All these productivity software tools that

1013
00:53:05,840 --> 00:53:09,680
Speaker 6: we offer customers allows them to reduce their cost and

1014
00:53:09,760 --> 00:53:12,880
Speaker 6: improve their uptime so their vehicles never off the road.

1015
00:53:13,200 --> 00:53:17,280
Speaker 6: We're now able to send them prognostics or predictive failure

1016
00:53:17,680 --> 00:53:20,520
Speaker 6: of vehicle components so that their vehicles are never off

1017
00:53:20,520 --> 00:53:24,719
Speaker 6: the road. They can do that predictive maintenance before problem happens,

1018
00:53:25,000 --> 00:53:29,600
Speaker 6: and they absolutely We're approaching a million subscriptions now for pro.

1019
00:53:29,600 --> 00:53:32,279
Speaker 2: So and at a time when we see you know,

1020
00:53:32,360 --> 00:53:36,320
Speaker 2: eight hundred billion dollars of hyperscaler capex this year alone

1021
00:53:36,360 --> 00:53:40,839
Speaker 2: to build out US infrastructure, tell us what kind of

1022
00:53:40,880 --> 00:53:43,799
Speaker 2: opportunity this is for Forden and how much you're able

1023
00:53:43,840 --> 00:53:46,279
Speaker 2: to participate in that in that data center build out.

1024
00:53:47,200 --> 00:53:48,799
Speaker 6: Well, I have to say, in the old days we

1025
00:53:48,880 --> 00:53:51,239
Speaker 6: used to look at housing. Today what we look at

1026
00:53:51,320 --> 00:53:56,440
Speaker 6: is construction. The construction trades are booming, super duty transit,

1027
00:53:57,239 --> 00:54:00,919
Speaker 6: exportable power to the job site. This is what customers want.

1028
00:54:00,960 --> 00:54:04,520
Speaker 6: They want new vehicles that are efficient with software. But

1029
00:54:04,600 --> 00:54:08,160
Speaker 6: also what they want is storage batteries. We're now going

1030
00:54:08,200 --> 00:54:11,080
Speaker 6: to be one of the biggest domestic makers of energy

1031
00:54:11,120 --> 00:54:12,000
Speaker 6: storage batteries.

1032
00:54:12,040 --> 00:54:16,200
Speaker 5: Now we're scaling up that plant. We actually have two plants.

1033
00:54:16,239 --> 00:54:19,440
Speaker 6: We'll have twenty giga want hours of energy storage and

1034
00:54:19,560 --> 00:54:22,680
Speaker 6: not only for sustainable grid and the grid reliance, but

1035
00:54:22,719 --> 00:54:27,200
Speaker 6: also Hyperscalers. They're going to use our battery electric storage

1036
00:54:27,560 --> 00:54:31,799
Speaker 6: batteries to run to really run our country, help run

1037
00:54:31,840 --> 00:54:36,720
Speaker 6: our country. Between pro and best our energy storage business,

1038
00:54:36,880 --> 00:54:38,239
Speaker 6: we're very well positioned.

1039
00:54:38,320 --> 00:54:39,200
Speaker 5: Have you got.

1040
00:54:41,040 --> 00:54:45,360
Speaker 2: Contracts with any of these big hyperscalers, Microsoft, Amazon, Google,

1041
00:54:46,239 --> 00:54:47,719
Speaker 2: Meta that you can tell us about.

1042
00:54:47,520 --> 00:54:51,560
Speaker 6: Jim, Yeah, good question. Well, we're in the middle of

1043
00:54:51,600 --> 00:54:55,440
Speaker 6: building out and converting these batteries from vehicle batteries to

1044
00:54:55,719 --> 00:54:59,120
Speaker 6: energy storage batteries, which are actually very different chemistry wise.

1045
00:54:59,400 --> 00:55:00,799
Speaker 5: Format wide MATT.

1046
00:55:00,840 --> 00:55:04,240
Speaker 6: To your point, we've had literally hundreds of customers now

1047
00:55:04,719 --> 00:55:08,480
Speaker 6: in the contracting phase. We announced one large one edf

1048
00:55:09,760 --> 00:55:13,440
Speaker 6: and they've committed about five gig WAT hours over the

1049
00:55:13,440 --> 00:55:16,520
Speaker 6: course of several years now, and we're in the process

1050
00:55:16,560 --> 00:55:18,440
Speaker 6: of contracting many many customers.

1051
00:55:18,520 --> 00:55:19,520
Speaker 5: It's a mixed MATT.

1052
00:55:19,840 --> 00:55:23,799
Speaker 6: We see sustainable grid you know, Win and solar. We

1053
00:55:23,840 --> 00:55:27,120
Speaker 6: also see hyperscalers building out. They want that one hundred

1054
00:55:27,120 --> 00:55:30,920
Speaker 6: percent up time on their facility. The Ford batteries are

1055
00:55:30,960 --> 00:55:33,440
Speaker 6: really useful for that, so it's a mix of customers

1056
00:55:33,480 --> 00:55:33,839
Speaker 6: so far.

1057
00:55:34,200 --> 00:55:37,200
Speaker 2: If I mean, since we're on Bloomberg, you're talking to

1058
00:55:37,239 --> 00:55:40,080
Speaker 2: every single investor on the planet, so you can share

1059
00:55:40,800 --> 00:55:44,680
Speaker 2: financial information with us that's material. Is this the right

1060
00:55:44,680 --> 00:55:47,040
Speaker 2: time to boost your EBIT target for the year.

1061
00:55:48,840 --> 00:55:51,600
Speaker 6: A great question, because we're right about right about a

1062
00:55:51,680 --> 00:55:53,240
Speaker 6: quarter or two earnings.

1063
00:55:53,280 --> 00:55:54,560
Speaker 5: I don't want to give a preview.

1064
00:55:54,760 --> 00:55:58,280
Speaker 6: I would love to love to give everyone insight into

1065
00:55:58,560 --> 00:56:00,799
Speaker 6: where we're running, but I would say, you know, good

1066
00:56:00,840 --> 00:56:04,240
Speaker 6: solid progress at Ford in our base business but also

1067
00:56:04,280 --> 00:56:05,520
Speaker 6: our non vehicle business.

1068
00:56:05,719 --> 00:56:07,560
Speaker 5: We're just seeing growth across the board.

1069
00:56:08,080 --> 00:56:10,920
Speaker 6: Boy, I got to tell you, I love American consumers.

1070
00:56:11,000 --> 00:56:15,000
Speaker 6: They absolutely love our Ford trucks. So you know, on

1071
00:56:15,040 --> 00:56:18,520
Speaker 6: the sales side, you've seen two months of sales, very

1072
00:56:18,560 --> 00:56:22,000
Speaker 6: strong results so far. We got out of the escape business,

1073
00:56:22,120 --> 00:56:25,839
Speaker 6: but still our sales are growing and actually I really

1074
00:56:25,880 --> 00:56:28,440
Speaker 6: believe June could be a breakthrough year a month for

1075
00:56:28,960 --> 00:56:30,920
Speaker 6: Ford sales, so we'll see how it ends.

1076
00:56:31,480 --> 00:56:34,239
Speaker 2: I have to say that I love watching Max first

1077
00:56:34,239 --> 00:56:37,600
Speaker 2: stapp in and it's been frustrating in some races, but

1078
00:56:38,440 --> 00:56:40,360
Speaker 2: he's been incredible to watch. I'm rooting for you and

1079
00:56:40,400 --> 00:56:43,400
Speaker 2: Hajar getting a podium was amazing. Can you confirm that

1080
00:56:43,440 --> 00:56:45,840
Speaker 2: they're going to drive for you next year as well?

1081
00:56:47,160 --> 00:56:47,440
Speaker 5: Well?

1082
00:56:47,760 --> 00:56:50,920
Speaker 6: Max has I think Isaac were in good shape. Max

1083
00:56:50,960 --> 00:56:54,719
Speaker 6: does have a specific in his contract around around the

1084
00:56:54,719 --> 00:56:57,359
Speaker 6: car being competitive, but I think you know he's world

1085
00:56:57,640 --> 00:57:00,759
Speaker 6: multiple world champion, as you said, Matt, he'll have the

1086
00:57:00,800 --> 00:57:05,160
Speaker 6: option to choose that what I'm most confident and it's

1087
00:57:05,160 --> 00:57:07,240
Speaker 6: a bit of a dilemma for us, but the FIA

1088
00:57:07,320 --> 00:57:10,160
Speaker 6: and the Formula One said that the Red Bull Ford

1089
00:57:10,239 --> 00:57:14,960
Speaker 6: powertrain was the most powerful powertrain in the paddock. Unfortunately,

1090
00:57:15,040 --> 00:57:17,960
Speaker 6: that doesn't allow us to make as many changes as

1091
00:57:17,960 --> 00:57:20,560
Speaker 6: our competitors who are behind us. But I am really

1092
00:57:20,600 --> 00:57:24,000
Speaker 6: proud of the four team that a brand new powertrain

1093
00:57:24,120 --> 00:57:27,960
Speaker 6: that all the competitors are struggling with. That we at

1094
00:57:28,000 --> 00:57:30,600
Speaker 6: Ford were able to partner with Red Bull and give Max,

1095
00:57:30,800 --> 00:57:34,439
Speaker 6: multiple world champion, such a great powertrain, But we got

1096
00:57:34,440 --> 00:57:34,800
Speaker 6: to put.

1097
00:57:34,680 --> 00:57:35,720
Speaker 5: The whole package together.

1098
00:57:35,760 --> 00:57:38,320
Speaker 6: We got a big race coming up this weekend and

1099
00:57:38,600 --> 00:57:40,720
Speaker 6: we're going to do everything we can to give Max

1100
00:57:41,200 --> 00:57:45,680
Speaker 6: world championship caliber powertrain power unit, and then the rest

1101
00:57:45,680 --> 00:57:47,280
Speaker 6: of the team has to do the work. Boy, if

1102
00:57:47,280 --> 00:57:49,880
Speaker 6: we give it to Max, he will definitely deliver. How

1103
00:57:49,920 --> 00:57:51,919
Speaker 6: about some of those qualifying efforts this year.

1104
00:57:52,360 --> 00:57:53,400
Speaker 5: He is just amazing.

1105
00:57:53,480 --> 00:57:55,480
Speaker 2: He is amazing. And you know I was with you

1106
00:57:55,520 --> 00:57:58,760
Speaker 2: and Lamal last year when you announced here coming back

1107
00:57:58,800 --> 00:58:01,520
Speaker 2: to the hyper Sport class in twenty twenty seven, will

1108
00:58:01,560 --> 00:58:03,840
Speaker 2: you get Max behind the wheel of that car?

1109
00:58:05,000 --> 00:58:08,480
Speaker 6: Well, yeah, Max has been driving a Mercedes at the

1110
00:58:08,560 --> 00:58:10,840
Speaker 6: ring and you know, sure would be great to see

1111
00:58:10,880 --> 00:58:14,200
Speaker 6: him in a Ford. You know, look, we won four

1112
00:58:14,240 --> 00:58:17,520
Speaker 6: years in a row. We're the first American company win Lamar.

1113
00:58:18,920 --> 00:58:22,520
Speaker 6: We're the only Ford American company that had a chassis

1114
00:58:22,640 --> 00:58:25,600
Speaker 6: driver and an engine by an American company, Win Lamar.

1115
00:58:25,680 --> 00:58:28,880
Speaker 6: We're still the only one, and we're going back next

1116
00:58:28,960 --> 00:58:31,200
Speaker 6: year to win. It would be great to have Max

1117
00:58:31,680 --> 00:58:36,160
Speaker 6: in the Ford hypercar. You know, I'm going to have

1118
00:58:36,200 --> 00:58:38,880
Speaker 6: to really put on my charm school act to get

1119
00:58:38,920 --> 00:58:40,560
Speaker 6: him in that car, though, I.

1120
00:58:40,480 --> 00:58:42,720
Speaker 2: Think you can do it, Jim. I think you're you

1121
00:58:42,720 --> 00:58:44,800
Speaker 2: can pull that one off. If anybody can, it's you,

1122
00:58:45,040 --> 00:58:48,680
Speaker 2: all right. So that was Jim Farley talking about business,

1123
00:58:49,160 --> 00:58:52,720
Speaker 2: talking about to some extent, talking about AI right because

1124
00:58:53,560 --> 00:58:55,920
Speaker 2: this has been a huge boon to them and a

1125
00:58:56,080 --> 00:58:58,880
Speaker 2: new unexpected tailwind to make batteries for data centers, and

1126
00:58:58,920 --> 00:59:02,960
Speaker 2: talking about racing, because he does really care about racing.

1127
00:59:03,880 --> 00:59:05,720
Speaker 1: That's why we love him.

1128
00:59:05,840 --> 00:59:08,520
Speaker 2: What do you got going on this weekend? Anything special? Anything?

1129
00:59:08,920 --> 00:59:12,480
Speaker 1: Yes, I'm going to a bar mitzvah on Saturday.

1130
00:59:13,240 --> 00:59:15,480
Speaker 3: And I've asked all lots.

1131
00:59:15,280 --> 00:59:19,960
Speaker 1: Of Jewish thank you. I've asked my Jewish friends, like,

1132
00:59:20,400 --> 00:59:24,200
Speaker 1: I've been told we should give cash in increments of eighteen.

1133
00:59:25,320 --> 00:59:27,600
Speaker 3: I knew that the occasion. Yeah, that's so, this is

1134
00:59:27,640 --> 00:59:29,520
Speaker 3: what I've learned. Yeah, it's amazing.

1135
00:59:29,560 --> 00:59:31,480
Speaker 2: I knew that it was increments of some number.

1136
00:59:32,000 --> 00:59:34,400
Speaker 1: Yes, So I'm actually really looking forward to that. I

1137
00:59:34,440 --> 00:59:37,480
Speaker 1: know it's a big deal and I'm so happy for

1138
00:59:37,840 --> 00:59:42,960
Speaker 1: our friend Milo. And yeah, and then Sunday we have

1139
00:59:43,040 --> 00:59:48,360
Speaker 1: this big like society journalism, Society press dinner at the

1140
00:59:48,360 --> 00:59:50,120
Speaker 1: Biltmore in La that a bunch of us are going

1141
00:59:50,120 --> 00:59:52,760
Speaker 1: to for the LA Bureau. Cool excited about that too.

1142
00:59:53,440 --> 00:59:54,120
Speaker 3: I kind of like them.

1143
00:59:54,120 --> 00:59:56,240
Speaker 1: They're like little trade They're not little, but they're they're

1144
00:59:56,280 --> 00:59:59,200
Speaker 1: trade dinners, you know, kind of like the Oscars, but

1145
00:59:59,360 --> 01:00:01,640
Speaker 1: for journalists. Yeah, so not as not as good fashion,

1146
01:00:01,720 --> 01:00:03,160
Speaker 1: but no, it's still fun.

1147
01:00:03,400 --> 01:00:06,520
Speaker 2: I love those those things. Yeah as well.

1148
01:00:06,760 --> 01:00:08,680
Speaker 3: What about you?

1149
01:00:08,840 --> 01:00:12,600
Speaker 2: Well, I'm gonna keep driving this aston Martin to totally

1150
01:00:13,040 --> 01:00:14,200
Speaker 2: assess how good it is.

1151
01:00:14,280 --> 01:00:16,440
Speaker 1: Yees, research, more research is needed.

1152
01:00:16,840 --> 01:00:21,160
Speaker 2: Uh, and we're I mean, it's possible that I have

1153
01:00:21,280 --> 01:00:23,040
Speaker 2: a baby, that my wife has a baby.

1154
01:00:23,080 --> 01:00:25,240
Speaker 1: Wait what we're in the zone.

1155
01:00:25,480 --> 01:00:28,720
Speaker 2: Yes, like could be today, tomorrow, Oh my god, it

1156
01:00:28,720 --> 01:00:32,800
Speaker 2: could be any day now. So the little Miller Tana

1157
01:00:32,920 --> 01:00:36,520
Speaker 2: number three will be the gender A boy?

1158
01:00:37,320 --> 01:00:37,400
Speaker 1: What?

1159
01:00:37,640 --> 01:00:42,200
Speaker 2: Freddy? Wait? My first boy? What? Which? I don't know.

1160
01:00:42,240 --> 01:00:45,240
Speaker 2: I'm not that excited about that part of it.

1161
01:00:45,800 --> 01:00:47,919
Speaker 1: I come from a family of two girls, one boy.

1162
01:00:47,920 --> 01:00:49,040
Speaker 1: Were the boys the youngest?

1163
01:00:49,160 --> 01:00:49,600
Speaker 2: Oh?

1164
01:00:49,640 --> 01:00:51,400
Speaker 1: Really, yeah, it's a really nice mix.

1165
01:00:51,560 --> 01:00:53,960
Speaker 3: It's a really nice mix.

1166
01:00:54,320 --> 01:00:56,640
Speaker 2: My girls are like the lights of my life.

1167
01:00:57,520 --> 01:00:59,320
Speaker 1: My dad always said it was good he had the

1168
01:00:59,400 --> 01:01:02,439
Speaker 1: son laugh because the girls softened him up a bit,

1169
01:01:02,560 --> 01:01:04,200
Speaker 1: and then by the time you got to the sun,

1170
01:01:04,680 --> 01:01:05,640
Speaker 1: he was a good parent.

1171
01:01:06,080 --> 01:01:08,000
Speaker 2: I hope that's true as well, because I'm the oldest

1172
01:01:08,000 --> 01:01:08,800
Speaker 2: of four boys.

1173
01:01:09,080 --> 01:01:09,360
Speaker 1: Huh.

1174
01:01:09,480 --> 01:01:13,640
Speaker 2: And I often doubt like the goodness of my soul,

1175
01:01:13,760 --> 01:01:16,760
Speaker 2: you know, I'm just like, we were all problematic, like

1176
01:01:18,160 --> 01:01:23,600
Speaker 2: borderline bad people, you know. And I just I feel

1177
01:01:23,640 --> 01:01:27,560
Speaker 2: for my parents and I don't want any of that repeated.

1178
01:01:28,280 --> 01:01:29,840
Speaker 3: So, oh, you got a good thing going.

1179
01:01:29,960 --> 01:01:31,440
Speaker 2: So I'm glad that I have the girl, had the

1180
01:01:31,480 --> 01:01:35,040
Speaker 2: girls first. Yeah, because we can make a good one.

1181
01:01:35,400 --> 01:01:38,520
Speaker 1: I can't I can't wait to meet Freddy. That does

1182
01:01:38,560 --> 01:01:41,520
Speaker 1: it for this week's show. Remember to follow and subscribe

1183
01:01:41,520 --> 01:01:45,080
Speaker 1: to Hot Pursuit on Apple, Spotify, and anywhere else you listen.

1184
01:01:45,320 --> 01:01:48,000
Speaker 1: You can also send us your comments. Email us at

1185
01:01:48,040 --> 01:01:50,600
Speaker 1: hot Pursuit at bloomberg dot.

1186
01:01:50,440 --> 01:01:53,680
Speaker 2: Net, and check out Hannah's columns and stories on bloomberg

1187
01:01:53,720 --> 01:01:56,000
Speaker 2: dot com and the Bloomberg Business app. Go there for

1188
01:01:56,080 --> 01:01:59,320
Speaker 2: car reviews, events and stories that you won't find anywhere else.

1189
01:01:59,640 --> 01:02:03,760
Speaker 2: Find out all Bloomberg dot com, slash Pursuits, slash autos.

1190
01:02:03,760 --> 01:02:06,000
Speaker 2: I'm Matt Miller and I'm Hannah Elliott.

1191
01:02:06,160 --> 01:02:08,600
Speaker 1: We'll be back in your podcast feed again next week