WEBVTT - Porsche Macan EV, Corvette ZR1, and Auto Companies' Tariff Concerns 0:00:02.720 --> 0:00:09.719 Bloomberg Audio Studios, Podcasts, radio news. I'm Matt Miller and 0:00:09.720 --> 0:00:12.119 I'm Hannah Elliott, and this is Hot Pursuit. 0:00:20.360 --> 0:00:23.759 On today's episode. I want to talk about the mccon 0:00:23.920 --> 0:00:27.560 EV because I know that you're driving it. I think 0:00:27.920 --> 0:00:31.960 that Matt Farrah also bought one, and I haven't listened 0:00:31.960 --> 0:00:35.720 to his podcast in a while, but otherwise I haven't 0:00:35.720 --> 0:00:38.440 heard anything about the mccon EV, so I want to 0:00:38.440 --> 0:00:42.120 get your take on that. I also want to talk 0:00:42.159 --> 0:00:47.760 about some new lap records multiple set by the Corvette 0:00:48.320 --> 0:00:48.640 z R. 0:00:48.920 --> 0:00:50.760 And I really like how I did this too. 0:00:51.440 --> 0:00:55.120 And I want to talk about BMW keeping a beat, 0:00:55.320 --> 0:00:57.360 keeping the V eight in the lineup in the future. 0:00:57.760 --> 0:00:59.400 This is some great goodness. 0:00:59.440 --> 0:01:02.040 So those those three things, plus we can go back 0:01:02.080 --> 0:01:04.600 and recap the auction of the car we were talking 0:01:04.600 --> 0:01:07.000 about last week, the Mercedes are one twenty nine SL 0:01:07.080 --> 0:01:10.160 six hundred. And I also want to ask you about 0:01:10.200 --> 0:01:12.720 a rumor I heard speaking of Matt Farrah and one 0:01:12.720 --> 0:01:16.920 of my former dream cars. Okay, okay, if it's legit, 0:01:17.160 --> 0:01:20.160 if it's kosher to talk about that, I think so okay. 0:01:20.200 --> 0:01:24.039 So let's start with the Macan Portia. Is I mean 0:01:24.240 --> 0:01:27.040 sucking eggs in terms of the stock right, as we 0:01:27.040 --> 0:01:30.240 were talking about last week. I know, I know they're 0:01:30.240 --> 0:01:32.720 taking a huge hit. I think an eight hundred million 0:01:33.200 --> 0:01:36.039 dollars or euro write down this year because of their 0:01:36.080 --> 0:01:37.480 EV business. 0:01:37.800 --> 0:01:40.240 Yeah. Their profit margin is going to slump as low 0:01:40.280 --> 0:01:43.839 as ten percent this year, which is half of what 0:01:44.080 --> 0:01:46.039 management had floated before the IPO. 0:01:47.319 --> 0:01:49.120 Yeah. I think the stop stock, like. 0:01:49.080 --> 0:01:53.000 You mentioned, has is at its lowest as it ever 0:01:53.040 --> 0:01:56.080 has been. Their market value is half of what it 0:01:56.120 --> 0:01:58.760 was in twenty twenty three, and a lot of that 0:01:59.120 --> 0:02:02.440 is do to problems with. 0:02:02.520 --> 0:02:04.920 Rolling out these evs, right. 0:02:05.120 --> 0:02:09.280 Yeah, and so and the evs are the Tayken and 0:02:09.320 --> 0:02:10.440 the Macon. 0:02:10.520 --> 0:02:12.720 So so far those are the only two evs in 0:02:12.760 --> 0:02:14.600 their lineup, right, Yeah. 0:02:14.720 --> 0:02:18.760 I mean we're still awaiting the Mission X, which is 0:02:18.800 --> 0:02:21.880 the successor to the nine to eighteen Spider Hybrid, which 0:02:22.200 --> 0:02:24.840 they had sort of floated as an electric vehicle, and 0:02:25.840 --> 0:02:29.079 we don't have confirmation about whether or not that will 0:02:29.120 --> 0:02:29.760 be electric. 0:02:30.160 --> 0:02:32.720 Yes, by the way, did I see you. I'm trying 0:02:32.720 --> 0:02:35.520 to remember a couple of years ago before we started 0:02:35.520 --> 0:02:40.040 this podcast, I was in Munich and the McDreamy. 0:02:39.520 --> 0:02:42.840 Guy from Patrick Dempsey. 0:02:42.520 --> 0:02:47.680 Gray's anatomy was talking about driving the Mission X in 0:02:47.720 --> 0:02:50.959 like a some beer hall. I'm pretty sure I saw 0:02:51.000 --> 0:02:53.720 you there too. Were you there too? 0:02:53.840 --> 0:02:56.720 I have been in beer halls and Muncheon, Yes, yes 0:02:56.760 --> 0:02:58.200 I have. That could have been me. 0:02:58.680 --> 0:03:01.679 I mean, you don't forget when you see McDreamy right 0:03:01.919 --> 0:03:05.160 talking about driving Porsche's that's true. 0:03:05.440 --> 0:03:08.240 Have you noticed that Orlando Bloom is now sort of 0:03:08.639 --> 0:03:09.320 the new. 0:03:09.160 --> 0:03:11.160 Face of Porsche in a way? 0:03:11.960 --> 0:03:17.040 And I'm wondering is McDreamy feeling slightly replaced because now 0:03:17.040 --> 0:03:18.160 there's another actor? 0:03:18.560 --> 0:03:22.080 Maybe they felt like he betrayed them in going to 0:03:22.160 --> 0:03:25.440 Ferrari when he did that, when he did that movie 0:03:25.480 --> 0:03:28.000 with Kylo Wren of Star Wars. 0:03:28.360 --> 0:03:31.360 I you mean Ford versus Ferrari. 0:03:31.880 --> 0:03:37.640 No, the Ferrari movie where Kylo played Enzo Wait Patrick 0:03:37.680 --> 0:03:39.720 Depsey played one of the race car drivers. 0:03:39.720 --> 0:03:41.560 Oh my gosh, of course. 0:03:41.840 --> 0:03:44.440 You mean Penelope Cruz played. 0:03:44.520 --> 0:03:47.320 But what's the guy's name? The actor? 0:03:47.560 --> 0:03:48.200 Adam Driver? 0:03:48.440 --> 0:03:49.520 Adam Driver. There you go. 0:03:49.600 --> 0:03:51.880 Yeah, I don't know Star Wars references, but I do 0:03:51.960 --> 0:03:54.720 know Adam Driver and and I think we decided that 0:03:54.760 --> 0:03:57.320 Penelope Cruz was the reason to watch that movie, didn't 0:03:57.360 --> 0:03:58.240 we decide. 0:03:57.920 --> 0:04:01.680 That loved her, and I think she was also the yeah. 0:04:01.520 --> 0:04:03.960 She's good, she's cool, mistress, she was a mistress. 0:04:04.200 --> 0:04:09.440 Yeah. Anyway, so let's get back to the car. I 0:04:09.520 --> 0:04:13.240 expect any Porsche Electric or not to be amazing, so 0:04:13.720 --> 0:04:15.560 as a baseline, right, is that fair? 0:04:16.160 --> 0:04:16.640 Completely? 0:04:16.680 --> 0:04:19.000 And I have to say the review for this I 0:04:19.040 --> 0:04:21.720 still am in the middle of the test drive. The 0:04:21.760 --> 0:04:24.680 review will come out early next week, and I was 0:04:24.800 --> 0:04:28.440 so curious to try it because a lot of the 0:04:28.480 --> 0:04:31.680 problems that we're hearing coming from Porsche have to do 0:04:31.800 --> 0:04:37.080 with the implementation of the mccon specifically both software issues, 0:04:37.320 --> 0:04:41.880 supply chain issues, delivery issues, delays at dealership, all of it. 0:04:42.920 --> 0:04:47.240 And so the problem with doing a product test drive 0:04:47.400 --> 0:04:49.359 is that probably none of those things are going to 0:04:49.400 --> 0:04:51.280 come up in the three days. 0:04:51.000 --> 0:04:52.799 That I have to drive the vehicle. 0:04:53.080 --> 0:04:56.680 So my big disclaimer on this is that I am 0:04:56.760 --> 0:05:01.799 not owning this vehicle. I cannot anticipate what would happen 0:05:01.839 --> 0:05:03.839 after a month or two. And I also didn't have 0:05:03.920 --> 0:05:07.240 to wait a long time to receive my vehicle, all 0:05:07.279 --> 0:05:11.040 of which are legitimate complaints and problems. But when it 0:05:11.040 --> 0:05:15.200 comes to actually simply driving the product for a week, 0:05:16.080 --> 0:05:17.240 Matt To your point. 0:05:17.279 --> 0:05:20.159 It's very good. Yeah, it's to your point. 0:05:20.480 --> 0:05:24.440 Portia is not in the business of selling crap, and 0:05:24.839 --> 0:05:28.680 it does exactly what it's supposed to do, and it 0:05:28.760 --> 0:05:32.960 does it extremely well. I don't think you're going to 0:05:33.080 --> 0:05:35.799 fall in love and have a heart to heart romance 0:05:36.320 --> 0:05:42.000 with the Porsche Macon Ev. But in terms of driving performance, 0:05:42.080 --> 0:05:45.720 and yesterday I drove it from my house in Hollywood 0:05:46.040 --> 0:05:50.040 up Angelie's Crest to Newcomb's Ranch, and I did flog 0:05:50.120 --> 0:05:52.120 it because I really wanted to see what the battery 0:05:52.200 --> 0:05:55.120 was going to do in terms of retaining charge. And 0:05:55.480 --> 0:05:57.640 from the base of Highway to up to Newcombs it's 0:05:57.640 --> 0:06:00.560 twenty six miles and it's very hilly and windy, and 0:06:00.640 --> 0:06:04.960 I lost I don't know ten percent maybe of battery charge, 0:06:05.000 --> 0:06:08.040 which is so wow good, so good, And of course 0:06:08.400 --> 0:06:11.080 it regathered a lot of that coming back down. 0:06:11.960 --> 0:06:13.359 It's so fast. 0:06:13.760 --> 0:06:16.719 I'm not gonna incriminate myself, but I would say that 0:06:17.040 --> 0:06:21.240 you can definitely probably hit three digit figures easily in 0:06:21.320 --> 0:06:26.040 this suv on highway too. It's incredibly fast. It really 0:06:26.080 --> 0:06:31.400 smooths out the road over really crappy roads. I mean, 0:06:31.880 --> 0:06:35.760 LA has really bad road surfaces, I would say that 0:06:36.200 --> 0:06:40.920 it felt it's a heavy vehicle, but it doesn't feel sluggish. 0:06:41.160 --> 0:06:43.520 You can feel the weight when you're going around a corner, 0:06:43.560 --> 0:06:44.480 of course, but. 0:06:44.520 --> 0:06:48.200 It's not a sluggish weight. It's just it's just an suv. 0:06:48.680 --> 0:06:53.600 And and by the way, so you, I think, and 0:06:53.760 --> 0:06:57.320 also me to some extent, we're spoiled by test driving 0:06:57.320 --> 0:06:58.800 these really nice cars very much. 0:06:58.839 --> 0:06:58.880 So. 0:06:59.240 --> 0:07:04.000 Yeah, but for someone who who doesn't get a lot 0:07:04.000 --> 0:07:08.000 of seat time in these one hundred thousand plus dollar vehicles, 0:07:08.800 --> 0:07:16.119 the interior, the intuitive setup of Porsche, like the build quality. 0:07:16.240 --> 0:07:19.360 It's so solid that I think someone who's not used 0:07:19.400 --> 0:07:22.200 to it is struck by how well they do at 0:07:22.200 --> 0:07:25.200 building cars electric or I see, is that is that 0:07:25.240 --> 0:07:26.200 the case with this as well? 0:07:26.480 --> 0:07:27.600 Absolutely the case. 0:07:27.640 --> 0:07:32.280 It's true, you know, through and through from Porsche engineering. 0:07:32.360 --> 0:07:37.920 It's absolutely tight quality all all of that. 0:07:37.960 --> 0:07:41.400 And I remember saying back in the day before any automakers, 0:07:42.040 --> 0:07:45.880 besides a few startups like Tesla, we're making electric vehicles. 0:07:46.160 --> 0:07:50.200 I would always say the OEMs aren't not making electric 0:07:50.760 --> 0:07:54.000 vehicles because they can't. They're waiting until they have to. 0:07:54.800 --> 0:07:59.600 So by that, I mean, once Porsha decided it needed 0:07:59.600 --> 0:07:59.880 to make. 0:08:01.280 --> 0:08:03.160 It knows how to do it, and it knows how 0:08:03.200 --> 0:08:03.840 to do it well. 0:08:03.880 --> 0:08:06.720 This is this is not a startup trying to figure 0:08:06.720 --> 0:08:08.679 out how to make cars, which I think is really 0:08:09.080 --> 0:08:12.720 one of the negatives about many startup electric car companies, 0:08:12.960 --> 0:08:16.280 which is they don't have experience making cars, and making 0:08:16.320 --> 0:08:20.120 cars is very hard. A car is a very complex thing, 0:08:20.560 --> 0:08:24.560 and so it's really nice to be in an electric 0:08:24.640 --> 0:08:28.640 vehicle that is made by a proper car company because 0:08:29.360 --> 0:08:30.760 PORTIONA knows exactly what it's doing. 0:08:30.760 --> 0:08:35.199 It's been making cars for almost what eighty years now. 0:08:35.440 --> 0:08:39.439 So in my experience, the NVH, which is kind of 0:08:39.440 --> 0:08:44.640 the noise, vibrations, and harshness of electric cars, is more 0:08:44.640 --> 0:08:47.880 difficult to get right than internal combustion engines. We've talked 0:08:47.880 --> 0:08:50.400 about this before, but if you're driving a car with 0:08:50.480 --> 0:08:55.680 a gas motor or diesel, especially, the motor itself makes 0:08:55.720 --> 0:08:59.160 so much noise, so that's kind of the main thing 0:08:59.200 --> 0:09:01.880 you hear experience, and if you're driving an electric car 0:09:02.480 --> 0:09:06.160 you Alex Roy has talked about this. The road noise 0:09:06.240 --> 0:09:09.760 is what you hear in experience, and any squeaks right, 0:09:09.880 --> 0:09:13.520 any rattle, yes, if the headliner is loose and so 0:09:13.760 --> 0:09:16.160 I think it's much harder to get it right on an. 0:09:16.040 --> 0:09:19.319 EV Absolutely, there was none of that in the Macon. 0:09:20.160 --> 0:09:24.040 Of course, it has the you know this this synthetic 0:09:24.600 --> 0:09:28.880 electric drone, which I'm not necessarily a fan of. You 0:09:28.960 --> 0:09:32.240 can turn it off, although sometimes it wouldn't let me 0:09:32.320 --> 0:09:34.560 turn it off, and I wonder I need to ask 0:09:34.600 --> 0:09:39.440 Porscha about what instances wouldn't allow me to turn it off. 0:09:39.840 --> 0:09:43.640 But you're right there. The inside of the car was 0:09:43.960 --> 0:09:47.000 nicely quiet. There was an undue road noise. It just 0:09:47.160 --> 0:09:49.319 feels like an actual proper vehicle. 0:09:49.760 --> 0:09:50.480 I would say. 0:09:50.720 --> 0:09:54.200 There are two charging ports, one on either side of 0:09:54.200 --> 0:09:57.800 the car, and they're kind of tricky to open it 0:09:58.080 --> 0:10:02.319 because you can push on the center screen. You can 0:10:02.360 --> 0:10:05.960 push like a little icon to open them from inside 0:10:05.960 --> 0:10:08.480 the car, and then to open them from outside the car, 0:10:08.640 --> 0:10:10.680 you push your you put your hand on them, and 0:10:10.679 --> 0:10:13.720 then they'll slide open and then I guess I was 0:10:13.760 --> 0:10:16.280 told this in an email. They close automatically when you 0:10:16.400 --> 0:10:21.000 drive away. It's not necessarily intuitive to like. It's not 0:10:21.120 --> 0:10:23.920 just it's so easy as push this button to open 0:10:24.000 --> 0:10:25.920 the charge port and then you can just. 0:10:25.840 --> 0:10:26.480 Push it closed. 0:10:26.520 --> 0:10:29.240 It's a little more complex than that that's a little 0:10:29.640 --> 0:10:32.920 quirk that I didn't think was especially seamless. 0:10:33.600 --> 0:10:36.080 Yep, but I don't know. 0:10:36.160 --> 0:10:37.920 I think let's talk about it that way. 0:10:37.920 --> 0:10:40.880 I love so not a macn but yeah, on my 0:10:41.000 --> 0:10:44.320 nine to eleven, and maybe on all of them, I 0:10:44.400 --> 0:10:49.080 loved filling it up because the gas tank was on 0:10:49.280 --> 0:10:50.160 the front. 0:10:50.120 --> 0:10:53.920 Right, like like an actual race car. Yeah, so cool. 0:10:54.240 --> 0:10:55.120 It is so cool. 0:10:55.280 --> 0:10:57.320 I mean the minute you pull up at the at 0:10:57.360 --> 0:11:00.640 the gas station and that's the setup and you just 0:11:00.720 --> 0:11:03.440 get up, get out casually and just walk over and 0:11:03.480 --> 0:11:04.920 like you know, Philip. 0:11:04.640 --> 0:11:07.640 Your car and everyone's feel special. It does make you 0:11:07.679 --> 0:11:08.800 feel very cool. 0:11:09.559 --> 0:11:11.440 I am myself, and then you try to act like 0:11:11.760 --> 0:11:14.160 you don't realize anyone's watching, but you know everyone is. 0:11:14.559 --> 0:11:18.320 Well. I'm going to try and be more level headed 0:11:18.400 --> 0:11:21.800 or even handed when it comes to judging EV's because 0:11:22.200 --> 0:11:26.640 we talked about this last week. Some readers, some viewers, 0:11:26.640 --> 0:11:31.000 some listeners think that I'm too biased against EV's, And 0:11:31.480 --> 0:11:34.600 yesterday I actually sat down with the new chief financial 0:11:34.600 --> 0:11:36.360 officer of the Ford Motor Company. 0:11:37.160 --> 0:11:39.719 Yes, can I just finish on one spot on the 0:11:40.120 --> 0:11:45.560 Macon So the MCON I had the turbo electric edition. 0:11:45.679 --> 0:11:49.000 It's six hundred and thirty horse power, which was plenty, 0:11:49.440 --> 0:11:52.640 and the price starts at one hundred and five thousand dollars, 0:11:52.960 --> 0:11:56.560 which I actually think isn't crazy. The total price of 0:11:56.559 --> 0:11:58.320 the one I drove was one hundred and thirty one 0:11:58.320 --> 0:12:03.360 thousand dollars. It's significantly more expensive than like an Audi 0:12:03.440 --> 0:12:04.320 electric suv. 0:12:05.240 --> 0:12:08.600 But I don't know. I don't think for this type 0:12:08.640 --> 0:12:11.079 of buyer that's going to be a deterrent. 0:12:11.800 --> 0:12:14.600 Fin A macan buyer isn't the same as like a 0:12:14.640 --> 0:12:17.800 Turbo S buyer, you know, a Kayak Turbo S buyer. 0:12:18.040 --> 0:12:22.200 You're right, You're right, But somehow I think perhaps, well, 0:12:22.240 --> 0:12:24.000 this goes into a bigger question. I was going to say, 0:12:24.040 --> 0:12:27.680 the person who's buying an all electric suv is already 0:12:27.720 --> 0:12:31.600 a different animal, you know, they're not like they're they're 0:12:31.720 --> 0:12:34.560 they're buying an EV for more of a philosophical reason 0:12:34.600 --> 0:12:40.280 than a utilitarian one. But I would say, it seems 0:12:40.320 --> 0:12:44.920 like people don't necessarily want electric Porsches, period, and that's 0:12:45.000 --> 0:12:47.120 kind of what we're finding out, no matter how good 0:12:47.160 --> 0:12:50.880 they are. Like this Macon, This electric Macon is great. 0:12:51.040 --> 0:12:54.640 It's great in terms of how it performs and how 0:12:54.640 --> 0:12:59.120 it's built and everything, but if nobody wants an electric 0:12:59.280 --> 0:13:01.800 Porsche s, it doesn't matter how good it is. 0:13:01.880 --> 0:13:04.760 People don't want them. So that's the big question we'll 0:13:04.760 --> 0:13:05.440 have to find out. 0:13:06.000 --> 0:13:09.520 Well, like I said, I'm trying to be more level 0:13:09.800 --> 0:13:14.320 headed about or handed about EV's because of the critique 0:13:14.360 --> 0:13:17.000 that I think is fair that we got. And I 0:13:17.080 --> 0:13:20.120 sat down with the CFO of the new CFO of 0:13:20.120 --> 0:13:23.840 the Ford Motor Company yesterday, Sherry House, who is so 0:13:24.440 --> 0:13:29.200 like she clearly loves EV's. I was talking to her. Yeah, 0:13:29.240 --> 0:13:32.120 and she's an engineer at heart. She started her career 0:13:32.160 --> 0:13:35.640 at General Motors as an engineer, and she went to 0:13:35.679 --> 0:13:39.360 the General Motors Institute the Kettering University, and then she 0:13:40.240 --> 0:13:43.000 joined some She became an investment banker after her MBA, 0:13:43.040 --> 0:13:44.920 and then she joined some tech companies. She worked for Waimo, 0:13:45.200 --> 0:13:46.760 but then she went to Lucid and she was the 0:13:46.760 --> 0:13:49.760 CFO of Lucid for a couple of years. She brought 0:13:49.760 --> 0:13:53.800 them public. So that's pretty cool experience, yea, But she 0:13:54.000 --> 0:13:57.920 still is. I mean, I could just get the vibe 0:13:57.920 --> 0:14:00.000 from talking to her about a number of different issues 0:14:00.400 --> 0:14:02.880 in love with EV's. You know, she says her family 0:14:02.920 --> 0:14:06.000 obviously her husband also worked at Tesla, so she was 0:14:06.040 --> 0:14:10.679 basically saying, like, you know, they've they've grown, not just 0:14:10.800 --> 0:14:13.680 used to them, but they really appreciate them. I didn't 0:14:13.679 --> 0:14:16.200 ask her directly about, you know, her relationship to EV's, 0:14:16.200 --> 0:14:19.160 but I'm just from the conversation I had with her, 0:14:19.880 --> 0:14:24.240 I was kind of jazzed up myself to give EV's another, sure, 0:14:25.040 --> 0:14:27.320 another go. And obviously I'm going to be driving them 0:14:27.320 --> 0:14:29.760 here and there anyway, but to do it with a 0:14:29.880 --> 0:14:32.080 with a more open mind and to think about them 0:14:32.240 --> 0:14:33.720 potentially more passionately. 0:14:34.200 --> 0:14:37.320 Yeah, I mean, it's interesting that she's at Ford now 0:14:37.400 --> 0:14:40.040 because of course when we think of Ford, we we 0:14:40.080 --> 0:14:41.840 don't necessarily think of EV's at all. 0:14:42.120 --> 0:14:43.560 So it's really interesting to hear. 0:14:43.440 --> 0:14:46.880 That there's someone who's truly passionate about them at this 0:14:47.160 --> 0:14:49.440 old American company. 0:14:49.840 --> 0:14:52.880 Yeah, I mean I think of right or Wrong. I 0:14:52.920 --> 0:14:58.120 think of GM because of the Hummer right and sure 0:14:58.840 --> 0:15:02.720 the Sierra ev that I drove. Obviously, Ford has a 0:15:02.760 --> 0:15:06.680 successful product in the Lightning, and they had the Maki, 0:15:06.880 --> 0:15:09.320 which which Matt Farrah. 0:15:09.040 --> 0:15:11.280 Was driving for years before the year before you got 0:15:11.960 --> 0:15:14.680 I think Matt kind of missed being in something electric. 0:15:15.040 --> 0:15:17.840 Yeah, you know, so I guess there are people out there. 0:15:17.960 --> 0:15:21.000 Maybe one day I'll become one of them. Maybe you will, Hannah. 0:15:21.040 --> 0:15:25.440 Oh, I would totally take a Fiat five hundred e E. 0:15:25.760 --> 0:15:28.080 And I know I keep beating that dead horse, but 0:15:28.400 --> 0:15:29.640 that was the most fun. 0:15:29.680 --> 0:15:31.320 I would also take an electric vespa. 0:15:31.760 --> 0:15:34.160 That'd be cute or yeah, you know I would an 0:15:34.200 --> 0:15:35.040 electric vespa. 0:15:35.200 --> 0:15:36.920 Oh, I would for sure take that. 0:15:37.000 --> 0:15:40.120 I would definitely take a zero electric motorcycle. To me, 0:15:40.280 --> 0:15:43.840 the application of for electric motorcycles. 0:15:43.720 --> 0:15:44.440 Is so fun. 0:15:44.480 --> 0:15:48.120 And I know this may be sacrilegious to you, who 0:15:48.160 --> 0:15:51.840 are wearing a Harley Davidson baseball hat as we speak, 0:15:52.320 --> 0:15:55.440 But I got no skin in the game. 0:15:55.480 --> 0:15:57.560 Would give me an electric motorcycle? I don't care. I 0:15:57.600 --> 0:15:58.280 think they're cool. 0:15:58.640 --> 0:16:02.400 No, I don't disagree. I don't know if cool is 0:16:02.400 --> 0:16:05.520 the right word. I would for me. But I test 0:16:05.560 --> 0:16:09.360 drove an Inergica innerjica is that how you say it? 0:16:09.680 --> 0:16:13.440 Like ten years ago, and I had a great time. 0:16:13.560 --> 0:16:17.360 I've ridden zeros, very interesting. If a vespa, If an 0:16:17.400 --> 0:16:21.720 electric vespa was properly powerful and had decent range, I 0:16:21.760 --> 0:16:25.120 would I would rather have that than like the four 0:16:25.160 --> 0:16:28.360 stroke fifty or one twenty five that a salad rather 0:16:28.400 --> 0:16:31.120 have an electric one. I just don't think they're quite 0:16:31.160 --> 0:16:33.560 there yet, and I definitely would not I would not 0:16:33.640 --> 0:16:35.240 want a live wire. I have to say. 0:16:35.600 --> 0:16:39.280 You know, I also wrote the live Wire when I 0:16:39.320 --> 0:16:42.440 was still in New York, and I thought it was nice. 0:16:42.640 --> 0:16:43.000 I thought it. 0:16:43.640 --> 0:16:47.720 Yeah. To me, honestly, Harley is probably not my brand 0:16:47.720 --> 0:16:50.720 of choice. Why wouldn't you want a live wire? 0:16:51.120 --> 0:16:55.280 It's just it's not what Harley's about or anything. 0:16:55.360 --> 0:16:56.200 Yeah, I understand. 0:16:56.800 --> 0:16:59.960 I mean Harley. I want Harley to be making motor 0:17:00.200 --> 0:17:04.199 that I feel like are barely legal to make. You know, 0:17:04.240 --> 0:17:08.480 they make two Leader twins. I can't believe they're not 0:17:08.520 --> 0:17:11.960 regulated out of existence. And the sound, you know, I 0:17:11.960 --> 0:17:15.760 don't want a catalytic converter on it or a muffler. 0:17:15.800 --> 0:17:16.960 I just want straight pipes. 0:17:17.200 --> 0:17:19.359 I get it. Can we go back to Ford for 0:17:19.400 --> 0:17:19.879 a second. 0:17:20.040 --> 0:17:20.320 Yeah? 0:17:20.760 --> 0:17:24.320 Can you talk about what you guys talked about or off? 0:17:24.800 --> 0:17:28.479 It was off the record, so no, I'll just say 0:17:29.640 --> 0:17:33.000 I was really impressed with her resume. You know how 0:17:33.040 --> 0:17:38.360 she came up through the ranks in Detroit and then 0:17:38.400 --> 0:17:42.520 in California and did so much with Lucid And I'm 0:17:42.600 --> 0:17:45.479 excited to see what she does it Ford. I'm excited 0:17:45.520 --> 0:17:48.200 to see what Ford does. Frankly, you know, they've had 0:17:48.480 --> 0:17:53.480 bigger and worse problems with EV's than anybody else. And 0:17:54.520 --> 0:17:57.520 Jim Farley, the CEO, seems to be one of the 0:17:57.560 --> 0:18:00.960 only big CEOs that's really I don't want to say 0:18:01.000 --> 0:18:04.960 speaking out against the administration, but against the idea of tariffs. 0:18:05.040 --> 0:18:08.560 Right if they have twenty five percent tariffs from Mexico 0:18:08.600 --> 0:18:12.360 and Canada. Ford isn't gonna be as hurt as GM 0:18:12.920 --> 0:18:17.960 or Stilantis. But he's the only one who's out there saying, hey, guys, 0:18:18.200 --> 0:18:18.840 not a good. 0:18:18.640 --> 0:18:24.680 Idea completely, And I mean talking about Porsche if tariffs. 0:18:25.080 --> 0:18:31.000 If tariffs actually happen, Porsa's gonna lose out considerably, you know, 0:18:31.760 --> 0:18:33.280 even to the point where are they gonna have to 0:18:33.280 --> 0:18:37.760 start making subs in the United States only because how 0:18:37.760 --> 0:18:39.159 are they gonna make any money? 0:18:39.400 --> 0:18:41.879 Right? Well, and that would take imagine how long that 0:18:41.920 --> 0:18:45.160 would take. Because I know they can't use the Folkswagen 0:18:45.240 --> 0:18:49.240 plant to build their evs because it's it's tooled for 0:18:49.280 --> 0:18:52.040 the wrong platform. They would have to build a factory 0:18:52.040 --> 0:18:55.879 from scratch, right, and by the time they're done getting 0:18:55.920 --> 0:18:57.560 that all set up. I mean, look at how long 0:18:57.600 --> 0:19:00.600 Blue Oval City is taking in Tennessee. That would be 0:19:00.600 --> 0:19:03.440 the end of the Trump administration, and who knows what 0:19:03.480 --> 0:19:05.960 the next administration is going to do. You just can't 0:19:05.960 --> 0:19:09.440 operate in the business environment with this kind of uncertainty. 0:19:10.240 --> 0:19:16.199 And obviously the price increases on cars that already are 0:19:16.240 --> 0:19:19.000 too expensive would be insane if we put in twenty 0:19:19.000 --> 0:19:20.040 five percent tariffs. 0:19:20.080 --> 0:19:22.840 Well, yes, I just see this thing from Bloomberg Intelligence. 0:19:22.960 --> 0:19:26.960 It says that if Trump increases tar off tariffs on 0:19:27.880 --> 0:19:32.560 cars coming from the EU to ten percent that are 0:19:32.600 --> 0:19:34.920 currently at two point five percent to ten percent, it'll 0:19:34.920 --> 0:19:38.800 wipe out more than two billion euros of earnings before 0:19:38.840 --> 0:19:39.720 interest in taxes. 0:19:39.960 --> 0:19:45.600 Now, in fairness, by the way, to US, we only 0:19:45.640 --> 0:19:48.159 tear iff them at two and a half percent and 0:19:48.240 --> 0:19:51.560 they tear iff our products at ten percent. So the 0:19:51.640 --> 0:19:58.000 EU started this protectionist yes, sort of back and forth. 0:19:58.680 --> 0:20:00.640 I think, you know, if they really wanted to send 0:20:00.640 --> 0:20:04.439 a message to the Trump administration about no tariffs, they 0:20:04.440 --> 0:20:07.880 should reduce the tariffs that they have on US vehicles. 0:20:08.080 --> 0:20:11.240 By the way, By the way, I wanted to point 0:20:11.280 --> 0:20:19.359 out this story on BMW because as you see, you 0:20:19.400 --> 0:20:26.240 know EV's becoming not only accepted by consumers to some extent, 0:20:26.280 --> 0:20:28.159 and we should point out there's still growth right in 0:20:28.200 --> 0:20:32.760 EV sales. Sure sure, sure you do. See obviously, governments 0:20:32.760 --> 0:20:36.520 are pushing and really trying to steer people towards evs 0:20:36.600 --> 0:20:40.440 because most Western world governments think that they're greener and 0:20:41.640 --> 0:20:47.520 phase out these bigger motors, right BMW after the my 0:20:48.280 --> 0:20:51.760 Dream seven series in twenty twenty two, the seven sixty 0:20:52.800 --> 0:20:55.960 will never make a V twelve again. And I don't 0:20:55.960 --> 0:20:59.240 think they've made a ten cylinder motor since the M five, 0:20:59.400 --> 0:21:01.600 like ten or fifteen years ago. 0:21:02.160 --> 0:21:02.960 Sounds about right. 0:21:03.200 --> 0:21:06.000 The V eight is the most cylinders you can get, 0:21:06.119 --> 0:21:09.000 and I would have thought that's on the chopping block 0:21:09.080 --> 0:21:12.360 soon as well, But apparently, according to Automotive News an 0:21:12.359 --> 0:21:14.320 interview with the BMW executive, it's not. 0:21:15.440 --> 0:21:16.600 This is great news. 0:21:16.640 --> 0:21:19.639 And the main thing that I'm remembering now is like 0:21:19.680 --> 0:21:22.480 when I first moved to New York, every person who 0:21:22.480 --> 0:21:27.240 worked in finance had an M three basically, and most 0:21:27.280 --> 0:21:31.000 of the M three's in that era were V eights yep, 0:21:31.119 --> 0:21:33.640 which is great, and but even at the time I remember, 0:21:34.800 --> 0:21:38.800 wasn't the M three switch to V eight around two 0:21:38.840 --> 0:21:40.320 thousand and seven. Six. 0:21:40.440 --> 0:21:41.760 Yes, it was right after the. 0:21:42.560 --> 0:21:45.560 Right and people were concerned about that switch. But actually 0:21:45.640 --> 0:21:47.800 that was a great car. And now at this point 0:21:47.960 --> 0:21:50.399 we're looking back being like, wow, that was such a 0:21:50.400 --> 0:21:51.800 great car. I wish I had one. 0:21:51.800 --> 0:21:54.200 Now at least I am true. You wrote a story 0:21:54.200 --> 0:21:57.520