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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. I'm Matt Miller and

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Speaker 1: I'm Hannah Elliott and this is Hot Pursuit.

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Speaker 2: We have an incredible guest.

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Speaker 1: To honestly one of my favorite people in the industry

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Speaker 1: to talk to. Yeah, he's a breath of fresh air.

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Speaker 3: Absolutely say the same thing. And what a career he's

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Speaker 3: had as well. I mean he bought a Mustang when

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Speaker 3: he was like sixteen, drove it across country. His grandfather

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Speaker 3: worked at Ford. He went for to really build his

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Speaker 3: chops at Lexus and then I'm not sure if it

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Speaker 3: was Bill or Alan Molalley who brought him over, but

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Speaker 3: now is the CEO of that company, So you know

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Speaker 3: who we're talking about.

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Speaker 1: Jim Farley. Jim Farley, And I also have to say

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Speaker 1: he's Chris Farley's cousin.

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Speaker 2: That is also true.

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Speaker 1: I just love that.

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Speaker 3: And he's a real racer. He has his own podcast

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Speaker 3: which I've been listening to for about a year now.

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Speaker 3: This is like the two point zero version of his podcast,

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Speaker 3: and I learned so much about him there. But I

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Speaker 3: knew he raced because I'd seen him testing out cars

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Speaker 3: in Dearborn and he talks about it as well's.

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Speaker 1: I think he's a great driver, and he actually is

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Speaker 1: a pretty humble guy, but he's a genius.

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Speaker 4: All right.

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Speaker 2: We've said too many good things about Jim. Yeah, yeah, yeah,

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Speaker 2: let's get.

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Speaker 3: Into the interview without any further ado. Let's kick it

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Speaker 3: off with GTD because you guys have been doing so

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Speaker 3: much with that. I mean, obviously you're pumped, and I

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Speaker 3: see they've started selling him in France. I love the

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Speaker 3: suspension window in the back. Tell me about that car.

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Speaker 5: We just showed another version the production vehicle in France,

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Speaker 5: and we went to the ring about a month ago

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Speaker 5: just to see where we stand in terms of the

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Speaker 5: vehicle's performance relative to the GT three RS. We're pretty

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Speaker 5: much in the final throes of the engineering. We start

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Speaker 5: production late this year early next year, depending on how

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Speaker 5: the there's so many unique parts that you know, it's

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Speaker 5: it's hard to predict exactly when you're ready to go

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Speaker 5: to mass production. We have the transaxle and the suspensions

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Speaker 5: system is very new, as you said, and we've never

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Speaker 5: put that into a production vehicle, no one has really,

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Speaker 5: So there's still some final development to be done on

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Speaker 5: the chassis and but the team's working through that and

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Speaker 5: you know, we're heading to production here in a matter

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Speaker 5: of months.

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Speaker 1: Are you taking cards yet?

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Speaker 5: We have applications pretty much the car sold out now

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Speaker 5: based on the applications, we haven't told everyone exactly the

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Speaker 5: final option pricing.

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Speaker 4: We have some special.

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Speaker 5: Versions that no one's seen before, and so you know

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Speaker 5: that will ultimately kind of shake out with the orders,

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Speaker 5: but we won't sell it until and and get the money,

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Speaker 5: so to speak, until we're kind of in production.

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Speaker 2: Are you going to be racing it?

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Speaker 3: I mean, I know from listening to your podcast that

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Speaker 3: you're a big fan of racing and you do a

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Speaker 3: lot of racing yourself. Sure, I remember you testing out

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Speaker 3: a Lola I think when I was with you in

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Speaker 3: Detroita a few years back. Are you going to be

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Speaker 3: racing this car yourself?

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Speaker 5: Last weekend at midd Ohio, we had our first Mustang

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Speaker 5: Challenge with twenty seven cars, and I raced a Tilingua

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Speaker 5: themed dark Horse are there and I think the dark

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Speaker 5: Horse are and the GT four.

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Speaker 4: Kind of the right products for me. You know, if I.

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Speaker 5: Race the GTD or GT three depending on the class,

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Speaker 5: whether it's in WEC or SRO or IMSA, I think

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Speaker 5: it's pretty expensive and you really need to be doing

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Speaker 5: practice and testing pretty much all year round. I don't

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Speaker 5: have the luxury of that, and at sixty two, I

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Speaker 5: just don't think it's a good fit for me to

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Speaker 5: be racing all over the world with my job.

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Speaker 4: It just doesn't fit. The GT four.

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Speaker 5: Just to explain a little bit, we set up for

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Speaker 5: the first time in Ford's history, at least, a kind

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Speaker 5: of pyramid of racing from We put about ten thousand

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Speaker 5: people through our experienced schools around the country, uh, and

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Speaker 5: then they can graduate to a track car, a Raptor track,

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Speaker 5: a dark Horse track car, and then we have the

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Speaker 5: dark Horse r that we're racing now in our same

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Speaker 5: make series like Mazta Cup and Porsche Cup. And then

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Speaker 5: we have the GT four beyond that, which is a

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Speaker 5: you know, automatic gearbox or a sequential gearbox, and it's

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Speaker 5: pretty different than the dork cars are the Doork course

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Speaker 5: are is.

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Speaker 4: A manual shift vehicle.

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Speaker 5: And then we have the GT three slash GTD depending

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Speaker 5: on the GTE PRO depending on the and all of

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Speaker 5: that is within you know, the Mustang at the top

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Speaker 5: of the pyramid. We also have Aussie supercars and we

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Speaker 5: race Mustang Cobra R in a char and of course

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Speaker 5: we have a NASCAR and lots of other series, but

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Speaker 5: so we want to give people the opportunity to kind

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Speaker 5: of move up in that try that triangle, that pyramid

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Speaker 5: wherever they want. And the big thing is that we're

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Speaker 5: selling the vehicles, so we're no longer racing as a

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Speaker 5: factory company. We're creating the dark Horse rs and the

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Speaker 5: GT fours and GT three's for other teams like this.

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Speaker 4: As we speak. You know, the Proton team is in

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Speaker 4: Lamar Racing.

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Speaker 1: Are you going to Lamar this weekend?

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Speaker 4: Jim Bill's Bill's covering it.

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Speaker 5: I'm going up to northern Michigan dirt biking with my daughter's,

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Speaker 5: my two daughters, so and I promised him I do that,

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Speaker 5: and so Bill and I try to cover marquee races

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Speaker 5: like that. But this will be the first time that

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Speaker 5: Mustang's at Lamar in the GT class, so it's pretty exciting.

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Speaker 5: I think we qualify third, but qualifying doesn't matter much

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Speaker 5: in Lamar. I raced last year my GT forty at

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Speaker 5: Lamar Classic, and a year before I finished second my

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Speaker 5: GT forty, So I've raced the law several times in

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Speaker 5: the vintage stuff, but I'm really focused on GT four

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Speaker 5: and dark Horse are and and that's a little intimidating

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Speaker 5: because we are customer. We build the race cars for

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Speaker 5: other people, not forward and sell them. And you know,

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Speaker 5: it's probably not a good idea to race a lot

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Speaker 5: with my customers.

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Speaker 3: You don't want to beat them or but or like

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Speaker 3: at midd Ohio we had a few little dense and dings.

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Speaker 1: Yeah, that's that's normal, that's expected.

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Speaker 3: But but Jim, you guys are doing are you doing

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Speaker 3: a lot more of supplying cars to race teams because

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Speaker 3: you're also in the Bronco you have the dr which

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Speaker 3: I'm fast before.

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Speaker 5: Yeah, we never did anything before. We always raced ourselves.

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Speaker 5: This is the first time we really I think I

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Speaker 5: explained about a year ago. We changed our strategy and

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Speaker 5: this is all new for us. And we started on

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Speaker 5: the off road side. You know, there's no Porsche of

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Speaker 5: off roads, so we really believe that forward with Raptor

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Speaker 5: and Bronco, we can be a global brand for off road.

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Speaker 4: Performance and on the on road.

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Speaker 5: We want to use Mustang in that pyramid to kind

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Speaker 5: of you know, make racing sustainable and a business tied

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Speaker 5: to these derivatives like GTD at the top of Mustang

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Speaker 5: and build out the Mustang brand on the off road side.

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Speaker 5: That's really the biggest, the biggest impact on our business.

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Speaker 5: Raptor is like ten percent of a global prime. I mean,

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Speaker 5: it's a very profitable vehicle. We now have Tremor below it.

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Speaker 5: We have Raptor on Bronco Ranger and F one fifty.

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Speaker 5: Now we also have Raptor R So we're starting to

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Speaker 5: develop different derivatives of Raptor and that's just the beginning.

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Speaker 5: And we also have the off road rodeo and a

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Speaker 5: Raptor experience that you can buy when you buy your Raptor,

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Speaker 5: you just you just go to the school and then

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Speaker 5: we'll have a similar pyramid for off road. Probably the

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Speaker 5: middle part won't be race and maybe more social activities

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Speaker 5: and more club stuff like like bmwgs, you know, more experiences.

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Speaker 5: But both off road and on road, we were following

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Speaker 5: the same formula.

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Speaker 1: Jim, you mentioned earlier. You mentioned manual and I'm just

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Speaker 1: so curious how vital you think a manual transmission still

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Speaker 1: is at Ford and specifically in Mustang, especially in light

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Speaker 1: of you know, with the nine to eleven hybrid not

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Speaker 1: having a manual option is what is Ford's philosophy on

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Speaker 1: the manual transmission.

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Speaker 5: Our belief is that each car company has its own

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Speaker 5: unique DNA, and ours is a V eight manual and

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Speaker 5: a coup And part of the reasons why we did

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Speaker 5: the makey is because we could stay in that category

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Speaker 5: and offer a V eight and offer a manual. I

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Speaker 5: don't think Porsche should have all the fun and I think,

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Speaker 5: you know, they're kind of the establishment now and we

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Speaker 5: could be the disruptor, and so we're trying to learn as.

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Speaker 4: Much as we can.

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Speaker 5: I've always admired Masta and Porsche, and I think that

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Speaker 5: Ford can do the same thing and kind of what

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Speaker 5: We globalized a Mustang a couple of years ago, and

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Speaker 5: some of our biggest dealers are in Australian, in Sweden,

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Speaker 5: not in the US. Interesting Mustang is now the best

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Speaker 5: selling sports coup in the world.

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Speaker 4: We don't really talk about it.

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Speaker 2: Well we talk about it, Yeah, we talk about it.

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Speaker 1: And I think Matt needs like a Mustang raptor can

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Speaker 1: we combine the two things.

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Speaker 3: Well, I have to say I was in a Lamborghini

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Speaker 3: Hurrican Strato a couple weeks ago and it was so

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Speaker 3: much fun and not just for off road, but for

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Speaker 3: commuting in New York.

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Speaker 2: It'd be great to have a Mustang.

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Speaker 3: It was just a little bit lifted with off road

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Speaker 3: tires and a stick.

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Speaker 4: Do you think it would sell?

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Speaker 2: I don't know.

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Speaker 3: I mean I would people like me would buy one.

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Speaker 3: But do you think it wouldn't sell?

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Speaker 4: What would you call it?

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Speaker 3: Well, there's been at least an internet buzz for a

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Speaker 3: Mustang Raptor for a long time, a raptor version of

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Speaker 3: the Mustang.

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Speaker 2: I don't know what I would call it.

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Speaker 1: I would just call it the Mustang Raptor.

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Speaker 2: With a Bronco, you just called it the Raptor, right, So.

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Speaker 4: Yeah, yeah, so you know this.

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Speaker 5: Anyways, I'm not going to make any future announcements on

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Speaker 5: products at the show.

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Speaker 4: But the triangles were overlap.

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Speaker 1: That's not a no.

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Speaker 5: That's not a no no, not noing, not a yes.

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Speaker 4: That's why I was asking about the name.

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Speaker 2: Well, yeah, I liked there. For a while.

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Speaker 3: There was a wart Hog name floating around, which I

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Speaker 3: thought was such a cool idea for the Bronco. In

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Speaker 3: the Bronco, you can get a manual, at least you could.

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Speaker 3: A buddy mine bought one in Colorado with the two

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Speaker 3: point three. Is there ever going to be the chance

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Speaker 3: of a bigger motor with a manual transmissioner with a

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Speaker 3: Bronco or is that just you didn't think the take

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Speaker 3: rate was going to be high enough.

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Speaker 4: It's not so much the take rate.

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Speaker 5: I mean, we're not doing it on a Mustang for

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Speaker 5: the take grade or the sales. It's more for that

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Speaker 5: people really love it or really passionate about that experience,

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Speaker 5: Like I am, like billis we like shifting our car?

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Speaker 5: You know, I love to the GT three touring. I

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Speaker 5: thought it was a really good move by Portie, and

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Speaker 5: you know, we really like so we're really looking at

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Speaker 5: it more as an image thing and as an experienced

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Speaker 5: thing that the company gets it more than you know,

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Speaker 5: we could sell or not on a Bronco. We were

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Speaker 5: really committed to an affordable Bronco and doing a two door.

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Speaker 5: We didn't have to do a two door. We would

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Speaker 5: sell all the Broncos we we had if we had

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Speaker 5: a four door. But we did a two door, and

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Speaker 5: we did a steel wheel Bronco and we did a manual.

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Speaker 5: For that reason, the platform for Bronco is a ranger

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Speaker 5: platform and it's very difficult for us to develop a

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Speaker 5: high power engine with the manual transmission. We have a

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Speaker 5: long history and there's a lot of great supplies like

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Speaker 5: Tremic on the manual on the manual side from us Stang,

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Speaker 5: but there's not as many. There's really no suppliers, so

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Speaker 5: we have to do it ourselves and that requires a

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Speaker 5: lot of engineering right now. You know, for Bronco, we're

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Speaker 5: building out our derivatives and we have more to come,

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Speaker 5: which you'll see. And I think the priority is, you know,

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Speaker 5: more like a commercial vehicle or a high end luxury Bronco,

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Speaker 5: which a lot of customers are asking for. That that's

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Speaker 5: probably a higher priority for us from an image standpoint.

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Speaker 3: I will preface this next question by saying the Bronco

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Speaker 3: was one of the first turbocharge V six.

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Speaker 2: As I drove where I was like, I like this.

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Speaker 3: It really works and the and the car feels light

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Speaker 3: enough and it's it's peppy, and I don't think you

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Speaker 3: need more. However, when I'm in a V eight, I

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Speaker 3: love the sound, I love the warmth, I love the vibes,

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Speaker 3: and you can do that with the Bronco by as

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Speaker 3: evidenced by the dr platform, Is there ever any chance

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Speaker 3: that a V eight could go in a Bronco.

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Speaker 5: It could, but I don't think that's going to be

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Speaker 5: our priority. When we developed the Bronco in the mid

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Speaker 5: six in the early sixties, it was proved in sixty

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Speaker 5: two at the same meeting as a Mustang was approved,

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Speaker 5: and it was the same Mustang. It was the same horse.

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Speaker 5: One was a Bronco and one was a Mustang. But

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Speaker 5: the designer designed the same horse doing two different things,

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Speaker 5: and the whole concept of the Bronco. I have the

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Speaker 5: approval paper Lei Cocoa proved it in my office right now,

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Speaker 5: just you know, twenty feet from here. And the Bronco

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Speaker 5: was an off road Mustang. That was the concept of

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Speaker 5: the vehicle. So it does make sense to you know,

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Speaker 5: kind of mix and match a little bit, but you know,

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Speaker 5: that's that's really not our priority right now in Bronco.

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Speaker 5: We really want to. Yeah, I think things are changing

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Speaker 5: a lot for the auto industry. The best selling vehicle

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Speaker 5: in the US for forty years has been the F series.

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Speaker 5: We have an electric Mustang. We have an electric F

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Speaker 5: one fifty hybrid is twenty five percent of all F

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Speaker 5: one fifty sales. Now, the most popular combustion engine is

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Speaker 5: a twin turbo VS six not a V eight.

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Speaker 4: You know, things are changing.

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Speaker 1: As fascinating the whole alone.

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Speaker 3: I mean, I would say that maybe because you don't

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Speaker 3: offer the big V eight, like my Raptor has a

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Speaker 3: six point two liter V eight and it never gets

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Speaker 3: old or disappointing, but can get.

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Speaker 5: I guess, I guess, I guess what maybe you'll get

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Speaker 5: in between the lines here I'll be explicit about it

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Speaker 5: is We're just kind of an irreverent company in a way,

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Speaker 5: and we want to we want to do things that

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Speaker 5: surprise people. And I think a V eight Bronco wouldn't

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Speaker 5: surprise a lot of people.

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Speaker 4: And I think.

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Speaker 5: You know, and I think a manual V eight will

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Speaker 5: continue to surprise people in the Mustang even though it's

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Speaker 5: kind of conventional. I mean, if we were doing a

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Speaker 5: super high end raped or should we do it on

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Speaker 5: Ranger or should we do it on F one fifty,

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Speaker 5: there's an argument to be made there. We are the

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Speaker 5: leader in the off road performance space and pickups where

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Speaker 5: the number one producer pickups in the world, not just

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Speaker 5: in the US. Rangers now number two to Toyota. When

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Speaker 5: I came to the company was fourteenthers, it's really like

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Speaker 5: twenty percent. It's our second highest following vehicle in the

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Speaker 5: company is Ranger. We build in five plants around the world,

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Speaker 5: and it is Ford in Australia and South Africa and

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Speaker 5: South America, and we're number one in pickups in Europe

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Speaker 5: now and we're just launching the Ranger in China and

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Speaker 5: one of the fastest segments in China is a pickup market.

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Speaker 5: So you know, we we have to think about the

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Speaker 5: globe now because both Mustang and Raptor Global brands. We

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Speaker 5: sell the Raptor not even the Raptor are the Raptor

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Speaker 5: F one fifty in China for one hundred and sixty

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Speaker 5: thousand dollars and we sell everyone we make.

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Speaker 1: I mean, that's so interesting. And I watched the great

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Speaker 1: package that our colleague David Weston did with you recently,

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Speaker 1: and you in that package you did say that you've

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Speaker 1: never seen a competition before like what you're seeing in China. Now,

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Speaker 1: can you talk a little bit more about what Ford

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Speaker 1: needs to do. I think you even called it the

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Speaker 1: ultimate test for Ford in for the next few decades.

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Speaker 1: Can you just walk us through what exactly needs to

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Speaker 1: happen at Ford to be competitive.

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Speaker 5: It's a great question. Thank you for asking it, because

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Speaker 5: it is the most on the commercial side's the most

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Speaker 5: important question to ask for Look the whole global industry's

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Speaker 5: ninety million units. The installed capacity currently in China at

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Speaker 5: an eight hour shift is fifty three million units, So

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Speaker 5: fifty three percent of all the global production for automobiles

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Speaker 5: can be satisfied with all the plants in China working

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Speaker 5: at eight hour shifts.

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Speaker 4: Their local market is twenty nine million.

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Speaker 5: That means, yes, the capacity that they have to serve

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Speaker 5: the rest of the world. I won't call it over

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Speaker 5: capacity because it isn't They have enough capacity in China

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Speaker 5: with just working eight hour shifts, not building one more plant,

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Speaker 5: to satisfying the entire North American market, and and all

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Speaker 5: of us not to.

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Speaker 4: Have to build one va.

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Speaker 5: So they are now twenty five percent of the Mexico market,

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Speaker 5: the Chinese. They're more than seventy percent of the Russian market,

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Speaker 5: which most people don't watch anymore, but it's a big market.

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Speaker 5: They are almost twenty percent of the Thai market, which

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Speaker 5: is really critical for Southeast Asia because you can export

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Speaker 5: from Thailand to Australia. New Zealand with no tariffs. Now

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Speaker 5: they're setting up their supply chain globally, including Mexico. There's

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Speaker 5: like three hundred Chinese auto suppliers in Mexico.

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Speaker 4: Now. Mexico is such.

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Speaker 5: A large market for BYD and all the companies they

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Speaker 5: are that export that it's big enough that they can

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Speaker 5: start to justify their own plant just from Mexico. And

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Speaker 5: of course with NAFTA, they can clearly import to the US.

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Speaker 5: The Chinese evs or a small part of what they export,

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Speaker 5: but they're a big part of what they export to Europe.

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Speaker 5: There are already ten percent market share of all evs

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Speaker 5: sold in Europe. They have brands like MG that are

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Speaker 5: the top selling among the top selling evs in UK.

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Speaker 5: They obviously own Vovo brand and post Our brand globally,

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Speaker 5: so they're you know, they're very successful outside of China.

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Speaker 5: And their biggest advantage is a new supply chain that's emerging,

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Speaker 5: you know, that will compete against the Churbil and the

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Speaker 5: corret Zu and of course the North America slash Western

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Speaker 5: supply chain is very fit. They're building ground up, very

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Speaker 5: efficient manufacturing plans for their supply chain and they have

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Speaker 5: very established rules in China about how forward can compete

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Speaker 5: with autonomous technology or data privacy. Our data can't leave China,

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Speaker 5: and yet most of the countries in the world haven't

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Speaker 5: really developed policies around data privacy and autonomy outside of China.

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Speaker 5: For the Chinese, Huawei and Shaomi, their two big cell

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Speaker 5: phone companies, have bet on automobiles, unlike Google and Apple.

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Speaker 5: So when you drive the vehicles, they work great with

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Speaker 5: your cell phone, especially if you own a Shaw or

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Speaker 5: a Huawei phone. So the technology inside the vehicle has

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Speaker 5: facial recognition AI assistance.

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Speaker 4: In the vehicle, they have.

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Speaker 5: Incredible mirroring with your phone. You can you know, you

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Speaker 5: can find in China small brands that are micro targeted,

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Speaker 5: like Li Auto, one of the fastest growing brands. They

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Speaker 5: focused on erevs, which is a new kind of ev

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Speaker 5: which we can go into. Leato focuses on Chinese large families.

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Speaker 5: They have gravity seeds, projector screens in the rear seat,

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Speaker 5: and their focus is to use the car as a

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Speaker 5: stationary space. So they want to make the interior so

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Speaker 5: digital and so attractive that there's really the most attractive

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Speaker 5: way to use a Liauto car or stationary and so

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Speaker 5: you know.

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Speaker 4: They're really competitive on costs.

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Speaker 5: They're getting really good on micro targeting, and for four

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Speaker 5: to win, handed to your question, we have to be

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Speaker 5: fully competitive on cost and we have to have vehicle

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Speaker 5: concept that are very narrow, that are very specific to

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Speaker 5: specific groups of people.

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Speaker 4: And I think, what is that the first part? It

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Speaker 4: looks like our future.

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Speaker 1: When you say narrow car concepts, does that mean very

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Speaker 1: specific variants of Mustang raptor all the things we've been

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Speaker 1: talking about.

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Speaker 5: No, it really means vehicles that are that are more

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Speaker 5: narrow than an Explorer. What I mean, not physically narrow

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Speaker 5: or but aimed at a much more specific client. Like

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Speaker 5: for example, today we make we're the number one three

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Speaker 5: row crossover you know, unibody crossover in the US with Explore.

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Speaker 5: But that's not narrow. That's a very broad audience. We

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Speaker 5: sell them as police interceptors, and we sell them to

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Speaker 5: suburban families and everywhere in between. And we have an

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Speaker 5: st version and it's like a really broad product.

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Speaker 4: Get it.

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Speaker 5: What that means for us if we were to be

402
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Speaker 5: micro target is, let's say we only go after suburban

403
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Speaker 5: families with kids in high schooler below who want to

404
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Speaker 5: use the car for the parents as a relaxation pod

405
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Speaker 5: and for the for the kids as a content content

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Speaker 5: machine's so yeah.

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Speaker 4: So instead of like watching.

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Speaker 5: A movie in your home or your home theater, you

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Speaker 5: go in your car in the parking lot, and that's

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Speaker 5: the best movie experience you have.

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Speaker 3: Right or I've I always lately have been trying to

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Speaker 3: find vehicles that fit rear facing car seats because my

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Speaker 3: wife insists on rear facing car set.

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Speaker 1: The struggle is real.

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Speaker 4: There you go.

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Speaker 1: Yeah, Now you didn't mention EVS in that, like when

417
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Speaker 1: as a way to compete again, you did mention e revs.

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Speaker 3: And I'd like to hear more about that because I

419
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Speaker 3: think that's fascinating. For example, I'd spend a week in

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Speaker 3: the in the lightning. I have a lightning tie on

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Speaker 3: right now.

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Speaker 2: By the way, can you see this.

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Speaker 1: Lightning time in your honor? It's not great that it was.

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Speaker 2: It was it was.

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Speaker 3: It was awesome as a family vehicle, it's great as

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Speaker 3: a truck, it's great. It's luxurious, it's a utility, and

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Speaker 3: everything about it for me was perfect and for a

428
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Speaker 3: lot of people. That's a broad vehicle. But it's electric,

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Speaker 3: so charging it. I mean, if you in the right situation,

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Speaker 3: it's great. In the wrong situation, it's not. And I

431
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Speaker 3: was thinking, man, if there was like a little range

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Speaker 3: extender in the front, it would just change the game completely.

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Speaker 2: Is that what an e rev is?

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Speaker 5: Yes, exactly. So an EREV is only really offered in

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Speaker 5: China today. It's very popular among larger vehicles in China.

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Speaker 5: Obviously in China they don't drive as long distance as

437
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Speaker 5: we all the three of us do, but they do

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Speaker 5: go home for New Year's every year. So what an

439
00:22:37,640 --> 00:22:40,960
Speaker 5: EREV is it's an all electric vehicle, so it only

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Speaker 5: drives an electric mode, never is in the combustion engine,

441
00:22:45,920 --> 00:22:48,800
Speaker 5: never drives the wheels, so it always feels like an EV.

442
00:22:49,000 --> 00:22:55,479
Speaker 5: Good acceleration, very quiet, and you basically you have a

443
00:22:55,640 --> 00:22:58,480
Speaker 5: battery system that powers the vehicle for about one hundred

444
00:22:58,480 --> 00:23:00,439
Speaker 5: and twenty to one hundred and fifty mile, so some

445
00:23:00,520 --> 00:23:03,720
Speaker 5: e revs down to eighty and for ninety seven percent

446
00:23:03,760 --> 00:23:06,400
Speaker 5: of your trips. So three of us would take You're

447
00:23:06,480 --> 00:23:10,159
Speaker 5: all electric using the batteries, and then it has a

448
00:23:10,200 --> 00:23:13,879
Speaker 5: gas tank and an industrial motor that just charges the

449
00:23:13,920 --> 00:23:18,119
Speaker 5: batteries and that is capable of propelling the vehicle in

450
00:23:18,240 --> 00:23:21,680
Speaker 5: electric mode up to seven hundred miles and so when

451
00:23:21,680 --> 00:23:25,159
Speaker 5: you take a long trip, your body will probably maybe

452
00:23:25,160 --> 00:23:27,520
Speaker 5: hold out for three hundred miles before you have to stop.

453
00:23:28,320 --> 00:23:32,720
Speaker 5: The combustion engine in China's used maybe once or twice

454
00:23:32,720 --> 00:23:35,400
Speaker 5: a year, so they fill up once or twice a year.

455
00:23:35,760 --> 00:23:38,000
Speaker 5: They use it as an electric vehicle, and they don't

456
00:23:38,040 --> 00:23:40,080
Speaker 5: have to worry about charging on the road when they

457
00:23:40,080 --> 00:23:42,840
Speaker 5: take their long trip. And you know, that's a very

458
00:23:42,880 --> 00:23:46,520
Speaker 5: interesting it's the fastest growing electric vehicle segment in China.

459
00:23:46,960 --> 00:23:51,200
Speaker 5: It's growing faster than the pure electric vehicles like the

460
00:23:51,280 --> 00:23:54,359
Speaker 5: Lightning or the Machi. And I think we're going to

461
00:23:54,400 --> 00:23:57,639
Speaker 5: see a lot I mean, our hybrid business in the

462
00:23:57,720 --> 00:24:01,520
Speaker 5: US is up fifty percent this year. At four our

463
00:24:01,560 --> 00:24:05,520
Speaker 5: EV business is up ninety. But you know that era,

464
00:24:05,960 --> 00:24:07,760
Speaker 5: we're just going to see a lot more options in

465
00:24:07,800 --> 00:24:11,360
Speaker 5: the middle where people's duty cycle, how they drive will

466
00:24:11,400 --> 00:24:14,560
Speaker 5: be you know that the engineers will solve for those.

467
00:24:15,480 --> 00:24:20,719
Speaker 1: Does the rise of hybrids mean that pure electric vehicles

468
00:24:20,880 --> 00:24:21,679
Speaker 1: are receding?

469
00:24:22,320 --> 00:24:25,640
Speaker 4: No, yeah, that's a thank you. No, I don't think so.

470
00:24:25,960 --> 00:24:28,720
Speaker 5: I think, first of all, we should be very encouraged

471
00:24:29,280 --> 00:24:32,880
Speaker 5: by the rise of the hybrid because, and more than anything,

472
00:24:33,080 --> 00:24:35,920
Speaker 5: the rise in the hybrid pricing power in the past,

473
00:24:35,960 --> 00:24:38,600
Speaker 5: you know, for It's been offering hybrids for twenty five years,

474
00:24:38,920 --> 00:24:41,919
Speaker 5: when we did that, because it has duplicate powertrain, you know,

475
00:24:41,960 --> 00:24:44,120
Speaker 5: the customer never paid for both power trains.

476
00:24:44,240 --> 00:24:46,520
Speaker 4: Today they do, so we in.

477
00:24:46,440 --> 00:24:48,600
Speaker 5: Many of our hybrids, we make more money than the

478
00:24:48,640 --> 00:24:49,639
Speaker 5: combustion alternative.

479
00:24:49,680 --> 00:24:51,520
Speaker 1: Interesting, that's the first.

480
00:24:51,359 --> 00:24:54,119
Speaker 5: Time that's ever happened in my twenty five career of hybrids.

481
00:24:54,160 --> 00:24:58,600
Speaker 5: Twenty five years of selling hybrids, and no, I think

482
00:24:59,119 --> 00:25:01,199
Speaker 5: what we're going to see is just a lot of

483
00:25:01,240 --> 00:25:05,360
Speaker 5: people don't have to do complicated math on a hybrid

484
00:25:05,440 --> 00:25:06,200
Speaker 5: versus a pure.

485
00:25:06,080 --> 00:25:07,040
Speaker 4: EV you don't know about.

486
00:25:07,119 --> 00:25:11,359
Speaker 5: You don't have to do the resale calculation, the insurance calculation.

487
00:25:12,080 --> 00:25:14,120
Speaker 5: You could just say, hey, here's how much fuel I save,

488
00:25:14,480 --> 00:25:17,919
Speaker 5: or in the lightning, how much propower the F one fifty,

489
00:25:18,200 --> 00:25:20,199
Speaker 5: how much pro power on board is worth for you

490
00:25:20,280 --> 00:25:23,920
Speaker 5: as a generator. But I think you'll see hybrids diversifying

491
00:25:23,960 --> 00:25:28,480
Speaker 5: to high performance hybrids into sports cars like we're seeing

492
00:25:28,480 --> 00:25:31,040
Speaker 5: with nine to eleven. That's just the beginning. There'll be

493
00:25:31,200 --> 00:25:34,200
Speaker 5: many more, and then you're going to see more kind

494
00:25:34,240 --> 00:25:38,160
Speaker 5: of electric experiences that aren't three hundred and twenty five

495
00:25:38,200 --> 00:25:41,160
Speaker 5: miles because the batteries are so big.

496
00:25:41,400 --> 00:25:46,960
Speaker 1: Yeah, Is that that's still the restrictive factor really with evs. Yeah,

497
00:25:47,200 --> 00:25:48,640
Speaker 1: the size of the size and weight.

498
00:25:49,040 --> 00:25:53,800
Speaker 5: Yes, Yes, the larger vehicles require just enormous batteries that

499
00:25:53,840 --> 00:25:55,920
Speaker 5: cost thirty to fifty thousand dollars.

500
00:25:56,480 --> 00:25:58,439
Speaker 4: Some are even more expensive.

501
00:25:58,480 --> 00:26:01,919
Speaker 5: And an EREV has half the battery size because it

502
00:26:01,960 --> 00:26:02,679
Speaker 5: only has to go on.

503
00:26:02,760 --> 00:26:06,160
Speaker 2: Are you going to is the ram charger in e rev?

504
00:26:06,520 --> 00:26:08,040
Speaker 2: And are you going to build a EVS at Blue

505
00:26:08,080 --> 00:26:09,160
Speaker 2: Level City or.

506
00:26:09,400 --> 00:26:10,399
Speaker 4: I'm not going to go into that.

507
00:26:10,480 --> 00:26:12,760
Speaker 5: All I'd say is, you know, if you if you

508
00:26:12,920 --> 00:26:15,560
Speaker 5: toe with an e REV, it doesn't work. As soon

509
00:26:15,560 --> 00:26:18,560
Speaker 5: as you start towing. It's not a good solution because

510
00:26:18,600 --> 00:26:20,040
Speaker 5: you need big batteries to toe.

511
00:26:20,600 --> 00:26:21,520
Speaker 4: So the key.

512
00:26:21,359 --> 00:26:25,240
Speaker 5: Thing is anyways, you know, I'm just explaining what's available

513
00:26:25,240 --> 00:26:27,880
Speaker 5: in China, and it seems very interesting to us.

514
00:26:28,920 --> 00:26:34,320
Speaker 1: Are hybrids less politically charged in the US than EV's

515
00:26:34,920 --> 00:26:38,800
Speaker 1: and do you see that changing after the election? Potentially?

516
00:26:39,200 --> 00:26:43,080
Speaker 4: I don't know. I mean, I haven't seen the latest data.

517
00:26:44,800 --> 00:26:49,200
Speaker 5: On Democrats and Republicans and how they look at hybrids

518
00:26:49,280 --> 00:26:50,840
Speaker 5: versus pure EV versus ICE.

519
00:26:51,119 --> 00:26:55,399
Speaker 4: Don't I don't know the data so I can't answer

520
00:26:55,440 --> 00:26:55,879
Speaker 4: the question.

521
00:26:57,040 --> 00:26:59,600
Speaker 5: But all I know is that our EV business is

522
00:26:59,640 --> 00:27:02,240
Speaker 5: up now twenty percent through June eleventh.

523
00:27:02,840 --> 00:27:04,840
Speaker 4: I checked the numbers before I came on with you

524
00:27:04,880 --> 00:27:05,400
Speaker 4: guys too.

525
00:27:05,400 --> 00:27:08,000
Speaker 1: Yesterday noted and appreciated.

526
00:27:08,480 --> 00:27:12,879
Speaker 5: Hybrid's up fifty one percent for US constrained by our

527
00:27:12,920 --> 00:27:16,160
Speaker 5: production and our combustion business is up two percent year

528
00:27:16,200 --> 00:27:16,600
Speaker 5: of the year.

529
00:27:17,000 --> 00:27:21,800
Speaker 3: Is the EV business driven in large part by ford

530
00:27:21,840 --> 00:27:25,639
Speaker 3: Pro because that's I've heard that Ford Pro like just

531
00:27:25,680 --> 00:27:26,600
Speaker 3: can't make enough.

532
00:27:27,200 --> 00:27:31,120
Speaker 5: It's true when people think about electric, they don't really

533
00:27:31,119 --> 00:27:34,520
Speaker 5: think about commercial and the commercial electric journey for US,

534
00:27:34,520 --> 00:27:37,240
Speaker 5: because we're like seventy percent market share with E transit

535
00:27:38,160 --> 00:27:40,199
Speaker 5: and we're the leader in commercial in the US, has

536
00:27:40,240 --> 00:27:43,800
Speaker 5: gone much faster than we thought. And the reason is

537
00:27:43,840 --> 00:27:48,440
Speaker 5: because people have they have regular roots that they're commercial

538
00:27:48,520 --> 00:27:51,639
Speaker 5: plumbers and electricians. That kind of tradesmen really drive the

539
00:27:51,760 --> 00:27:55,679
Speaker 5: US commercial market. And you know it doesn't work for

540
00:27:55,800 --> 00:28:00,880
Speaker 5: super duty someone towing, but a transit van customers are

541
00:28:00,880 --> 00:28:03,639
Speaker 5: really good fit for electric if they go back to

542
00:28:03,720 --> 00:28:06,440
Speaker 5: the same place that they start every night and they

543
00:28:06,440 --> 00:28:11,200
Speaker 5: have a repeatable route and what they can install depot

544
00:28:11,240 --> 00:28:14,640
Speaker 5: charging and they don't need any charging on the road,

545
00:28:15,160 --> 00:28:17,680
Speaker 5: and they don't also over buy batteries, so they buy

546
00:28:17,760 --> 00:28:21,560
Speaker 5: smaller battery solutions in smaller range because they.

547
00:28:21,440 --> 00:28:24,160
Speaker 4: Know exactly their drive cycle.

548
00:28:24,440 --> 00:28:29,160
Speaker 5: And so we've seen a lot more customers like Eco Labs,

549
00:28:29,160 --> 00:28:32,679
Speaker 5: some other customers go almost all electric now and they

550
00:28:32,720 --> 00:28:36,800
Speaker 5: had no intention a couple of years ago. So it's interesting. No,

551
00:28:38,240 --> 00:28:41,920
Speaker 5: you know, we sell ten to fifteen thousand on EV

552
00:28:42,680 --> 00:28:44,800
Speaker 5: in the US. We've been number two for two years

553
00:28:44,840 --> 00:28:47,960
Speaker 5: now to Tesla. People don't, I think realize.

554
00:28:47,600 --> 00:28:50,800
Speaker 1: That doesn't seem like a known fact, is that in

555
00:28:50,840 --> 00:28:51,480
Speaker 1: the US.

556
00:28:51,960 --> 00:28:54,720
Speaker 5: Yeah, we've been number two to Tesla as a manufacturer

557
00:28:54,720 --> 00:28:59,480
Speaker 5: for two years. Number three is usually Hyundai Kia combined.

558
00:29:00,040 --> 00:29:02,080
Speaker 5: They're coming out with new vehicles like the EV nine,

559
00:29:02,120 --> 00:29:06,600
Speaker 5: and so they're coming out with more choice. And yeah,

560
00:29:06,600 --> 00:29:09,920
Speaker 5: we're up ninety percent year of the year. We had

561
00:29:09,920 --> 00:29:12,600
Speaker 5: a kind of an interesting first quarter last year, so

562
00:29:12,640 --> 00:29:15,400
Speaker 5: the comps are easy. But but you know, we'll we're

563
00:29:15,400 --> 00:29:18,480
Speaker 5: projecting loose five billion dollars on EV's this year.

564
00:29:18,640 --> 00:29:24,480
Speaker 4: So the real issue is no, the opposite's case, it's not.

565
00:29:24,800 --> 00:29:26,280
Speaker 4: I don't really get worried.

566
00:29:27,240 --> 00:29:29,360
Speaker 5: I get worried about our execution, but I don't get

567
00:29:29,400 --> 00:29:32,280
Speaker 5: worried about the marketplace. The marketplace is the marketplace what

568
00:29:32,920 --> 00:29:37,720
Speaker 5: I It motivates us because we report it separately. It's

569
00:29:37,920 --> 00:29:40,440
Speaker 5: very motivational for the whole Forward team to turn that

570
00:29:40,480 --> 00:29:42,800
Speaker 5: five billion dollar around. We're going to do it with

571
00:29:42,840 --> 00:29:48,040
Speaker 5: the next generation of products EV's and improving the Gen

572
00:29:48,120 --> 00:29:51,080
Speaker 5: one cost. We got out there in front of others,

573
00:29:51,720 --> 00:29:54,840
Speaker 5: witnessed by being number two for the last two years. Now,

574
00:29:54,880 --> 00:29:57,640
Speaker 5: some of our competitors are starting to scale their EV business,

575
00:29:57,640 --> 00:30:02,120
Speaker 5: maybe behind beyond Ford. We're already working and landing our

576
00:30:02,320 --> 00:30:05,640
Speaker 5: second generation products, while most of our competitors are kind

577
00:30:05,680 --> 00:30:08,680
Speaker 5: of landing their first gen products. And that's why Doug

578
00:30:08,720 --> 00:30:12,000
Speaker 5: Fields came from Apple to us, and why Alan Clark

579
00:30:12,040 --> 00:30:14,760
Speaker 5: from Tesla came to Ford. They've been working on those

580
00:30:14,840 --> 00:30:16,240
Speaker 5: vehicles for a couple of years now.

581
00:30:16,640 --> 00:30:19,200
Speaker 1: And it does seem like you're saying it's very important

582
00:30:19,200 --> 00:30:21,880
Speaker 1: for four to be competitive and even beat everyone else

583
00:30:21,960 --> 00:30:25,800
Speaker 1: when it comes to price in the EV sector. And

584
00:30:26,320 --> 00:30:30,480
Speaker 1: you've decided not to electrify the Lincoln the Lincoln line,

585
00:30:30,880 --> 00:30:31,920
Speaker 1: right am? I remembering that?

586
00:30:32,040 --> 00:30:32,240
Speaker 4: Right?

587
00:30:32,960 --> 00:30:34,400
Speaker 1: That seems like part of the strategy.

588
00:30:34,960 --> 00:30:37,520
Speaker 5: We really, we really, We've learned a couple of things.

589
00:30:37,520 --> 00:30:41,120
Speaker 5: By being number two for a long time, we've learned

590
00:30:41,120 --> 00:30:45,080
Speaker 5: two things. The first is there are really two classes

591
00:30:45,080 --> 00:30:48,480
Speaker 5: of vehicles that lend themselves to electrification in the US,

592
00:30:49,120 --> 00:30:55,560
Speaker 5: work vehicles and small vehicles. Small vehicles travel less distance

593
00:30:55,760 --> 00:30:58,440
Speaker 5: and they tend to have other vehicles in the household

594
00:30:58,800 --> 00:31:03,080
Speaker 5: that can take long trips. And we feel we really

595
00:31:03,200 --> 00:31:06,479
Speaker 5: like our next cycle of products to be very focused

596
00:31:06,520 --> 00:31:09,840
Speaker 5: on affordability, and we think that's also the right thing

597
00:31:09,880 --> 00:31:14,200
Speaker 5: to do anyways, and that's why we set up a

598
00:31:14,200 --> 00:31:18,080
Speaker 5: Skunkworks team in California to develop that product, that that platform.

599
00:31:18,440 --> 00:31:21,160
Speaker 5: We didn't really think that the core for a team

600
00:31:21,240 --> 00:31:24,600
Speaker 5: could really compete with by D in a way, and

601
00:31:24,680 --> 00:31:26,960
Speaker 5: so that team has been working for two years on

602
00:31:27,000 --> 00:31:31,360
Speaker 5: that affordable platform and then the work vehicles and the

603
00:31:31,360 --> 00:31:36,440
Speaker 5: work vehicles, we've learned a lot. We're also very very

604
00:31:36,480 --> 00:31:39,560
Speaker 5: popular with the E transit in Europe. Unlike some of

605
00:31:39,600 --> 00:31:42,040
Speaker 5: our competitors, we are still in Europe. We are very

606
00:31:42,080 --> 00:31:46,040
Speaker 5: profitable in Europe with our commercial vehicles, and so you know,

607
00:31:46,160 --> 00:31:49,760
Speaker 5: that's that's really important for us. So the electric journey

608
00:31:49,840 --> 00:31:53,960
Speaker 5: is very motivational. We don't like losing any money, but

609
00:31:54,040 --> 00:31:57,360
Speaker 5: we also are inspired by the fact that the customer

610
00:31:57,480 --> 00:31:58,240
Speaker 5: surprised us.

611
00:32:05,200 --> 00:32:09,400
Speaker 3: So usually Hannah reports on the luxury stuff and I

612
00:32:09,480 --> 00:32:12,200
Speaker 3: do all the finance stuff, and now she's like, she's

613
00:32:12,240 --> 00:32:14,440
Speaker 3: going for the finance news scoops.

614
00:32:14,520 --> 00:32:15,160
Speaker 2: And I want to.

615
00:32:15,160 --> 00:32:21,880
Speaker 3: Talk about just cars, Like, yes, so Jim your famous

616
00:32:22,520 --> 00:32:25,400
Speaker 3: you famously got a Mustang when you were a kid

617
00:32:25,760 --> 00:32:27,400
Speaker 3: and drove out to California with it.

618
00:32:27,480 --> 00:32:28,200
Speaker 2: I want to talk.

619
00:32:28,080 --> 00:32:33,000
Speaker 3: About your your car guy inside you, not like a

620
00:32:33,120 --> 00:32:37,960
Speaker 3: Chinese competition in the EV space, Like what what gets

621
00:32:37,960 --> 00:32:40,520
Speaker 3: you pumped in your garage? Not like the new products

622
00:32:40,560 --> 00:32:43,400
Speaker 3: you're making. Obviously you've got the dark Horse are is

623
00:32:43,440 --> 00:32:46,160
Speaker 3: totally cool, and the must and the Bronco. I mean

624
00:32:46,600 --> 00:32:49,560
Speaker 3: I desperately want one, But what about the older stuff

625
00:32:49,640 --> 00:32:51,040
Speaker 3: or what do you what do you like to drive

626
00:32:51,080 --> 00:32:51,600
Speaker 3: and collect?

627
00:32:52,160 --> 00:32:54,239
Speaker 5: You know, it's changed over the years. So I'm in

628
00:32:54,280 --> 00:32:56,880
Speaker 5: my sixties now and I really you know, and I've

629
00:32:57,160 --> 00:33:00,560
Speaker 5: I'm fortunate enough to flip maybe more than an cars,

630
00:33:00,600 --> 00:33:03,400
Speaker 5: including race cars. So I've kind of owned pretty much

631
00:33:03,440 --> 00:33:07,160
Speaker 5: everything I've ever wanted to, and I kind of settled

632
00:33:07,160 --> 00:33:11,400
Speaker 5: down to maybe in the golden part of my har

633
00:33:11,600 --> 00:33:15,520
Speaker 5: person life. You know, the cars I really love. I

634
00:33:15,600 --> 00:33:17,920
Speaker 5: love my seventy three Bronco because I work on it

635
00:33:18,000 --> 00:33:20,120
Speaker 5: all winter, so.

636
00:33:20,040 --> 00:33:22,600
Speaker 2: You like to wrench it basically, yeah, I do.

637
00:33:22,680 --> 00:33:25,240
Speaker 5: I'm on the floor with my buddy, Jim Camp, and

638
00:33:25,800 --> 00:33:28,840
Speaker 5: you know, it's not uncommon for me to be in

639
00:33:28,880 --> 00:33:31,280
Speaker 5: a boardroom and my nails to be filthy because I

640
00:33:31,360 --> 00:33:35,800
Speaker 5: just can't clean them. And I have a ninety Selene Mustang,

641
00:33:35,800 --> 00:33:38,960
Speaker 5: which I really like working on. We got a supercharger

642
00:33:39,040 --> 00:33:42,080
Speaker 5: on that and all new suspension, but it's all bone

643
00:33:42,120 --> 00:33:46,640
Speaker 5: stock and outside. I have a K Lincoln in nineteen

644
00:33:46,680 --> 00:33:49,720
Speaker 5: thirty seven K Lincoln, a LeBaron coop, which I really like.

645
00:33:50,040 --> 00:33:51,960
Speaker 5: I'm starting to like the older cars more. I have

646
00:33:52,000 --> 00:33:54,080
Speaker 5: a nineteen twenty eight Bentley that I do a road

647
00:33:54,080 --> 00:33:56,320
Speaker 5: trip with my son. We drove all the way through

648
00:33:56,360 --> 00:34:00,720
Speaker 5: Colorado last year on my vacation. He's seventy. He works

649
00:34:00,720 --> 00:34:03,520
Speaker 5: at a dealership in London, and he's a car person.

650
00:34:03,600 --> 00:34:06,600
Speaker 5: He's in high school and very much like me, and

651
00:34:06,640 --> 00:34:10,120
Speaker 5: he loves making fun of me, and so we try

652
00:34:10,160 --> 00:34:10,560
Speaker 5: to take.

653
00:34:10,440 --> 00:34:12,160
Speaker 4: As many road trips as we can.

654
00:34:12,239 --> 00:34:15,600
Speaker 5: We're going to take the Bentley from the Oregon border

655
00:34:15,719 --> 00:34:17,920
Speaker 5: down to Monterey this year in July.

656
00:34:18,440 --> 00:34:21,719
Speaker 3: Nice that's an open top. I imagine it's like a bar.

657
00:34:21,960 --> 00:34:23,400
Speaker 4: It's a it's a Lama.

658
00:34:23,560 --> 00:34:25,480
Speaker 5: It's not a bower, but it's a Lama four and

659
00:34:25,520 --> 00:34:29,480
Speaker 5: a half liter, totally exposed. And he's got to work

660
00:34:29,480 --> 00:34:32,760
Speaker 5: the fuel pressure pump and the fans, and I'm working

661
00:34:32,840 --> 00:34:37,240
Speaker 5: the you know, the distributor advance and the fuel mixture

662
00:34:37,320 --> 00:34:40,360
Speaker 5: and and then we always have, you know, things that happen.

663
00:34:40,520 --> 00:34:42,600
Speaker 5: We're going to go with five or six other Bentley people,

664
00:34:43,880 --> 00:34:45,319
Speaker 5: so that that's what I like to do.

665
00:34:45,400 --> 00:34:46,840
Speaker 4: I like cars that I drive.

666
00:34:47,480 --> 00:34:50,040
Speaker 5: I have a GT forty and a Cobra that I race,

667
00:34:50,120 --> 00:34:52,480
Speaker 5: but I more than anything, I'm starting to like racing

668
00:34:52,520 --> 00:34:56,279
Speaker 5: the modern stuff more. I really love cars that I

669
00:34:56,320 --> 00:35:00,560
Speaker 5: get my hands dirty, that require that that when you

670
00:35:00,719 --> 00:35:06,319
Speaker 5: drive them, it's a full experience, shifting, breaking, I like

671
00:35:06,400 --> 00:35:11,160
Speaker 5: that whole emerging, just being immersed in a vehicle that

672
00:35:11,360 --> 00:35:13,560
Speaker 5: you really don't have a lot of and you could

673
00:35:13,640 --> 00:35:15,320
Speaker 5: just enjoy even going slow.

674
00:35:15,560 --> 00:35:16,839
Speaker 2: Yes, that too.

675
00:35:17,000 --> 00:35:20,319
Speaker 1: What's the main mechanical issue with it? Bentley? I'm so curious, like,

676
00:35:20,360 --> 00:35:22,480
Speaker 1: what are you constantly against?

677
00:35:22,800 --> 00:35:24,680
Speaker 4: What a awesome question.

678
00:35:25,040 --> 00:35:29,120
Speaker 5: Okay, so the Bentley was engineered with no gaskets, so

679
00:35:29,239 --> 00:35:33,399
Speaker 5: it is like weeping oil all the time, like all

680
00:35:33,520 --> 00:35:39,719
Speaker 5: the time, oil coming out of every possible place, and

681
00:35:39,800 --> 00:35:45,160
Speaker 5: so it's a constant kind of tightening, you know, silicon

682
00:35:45,680 --> 00:35:49,239
Speaker 5: journey of trying to eradicate the oil. The good thing

683
00:35:49,320 --> 00:35:52,120
Speaker 5: is you got to replace the oil, so there's always

684
00:35:52,120 --> 00:35:54,760
Speaker 5: clean oil in it because it loses something naturally.

685
00:35:55,000 --> 00:35:58,120
Speaker 1: Okay, the other thing, I'm really sorry, go ahead, is

686
00:35:58,160 --> 00:35:59,680
Speaker 1: there a list of I must be a list.

687
00:36:00,040 --> 00:36:02,160
Speaker 5: Oh oh no, there's so many things on the Bentley

688
00:36:02,360 --> 00:36:05,400
Speaker 5: That Bentley has an accelerator in the middle of the

689
00:36:05,440 --> 00:36:07,399
Speaker 5: three pedals.

690
00:36:06,800 --> 00:36:08,680
Speaker 1: Wow, that seems counterintuitive.

691
00:36:09,760 --> 00:36:10,399
Speaker 4: Sorry. Sorry.

692
00:36:10,440 --> 00:36:14,719
Speaker 5: The break is in the middle, and so it's not

693
00:36:14,760 --> 00:36:17,160
Speaker 5: a mechanical issue. It's just like every time I drive

694
00:36:17,239 --> 00:36:19,000
Speaker 5: to Bentley, I got to remember the brakes.

695
00:36:19,200 --> 00:36:20,919
Speaker 4: Uh, you know, not not in the middle.

696
00:36:21,040 --> 00:36:23,720
Speaker 5: The break is on the far right where the accelerators

697
00:36:24,480 --> 00:36:28,680
Speaker 5: and the accelerators, the accelerators in the middle, the clutches

698
00:36:28,719 --> 00:36:31,839
Speaker 5: on the left. And so that's the biggest challenge that

699
00:36:31,920 --> 00:36:36,319
Speaker 5: anyone has in driving an old Bentley, you know. And

700
00:36:36,360 --> 00:36:38,799
Speaker 5: we got so much to talk about still like Formula one,

701
00:36:38,880 --> 00:36:41,760
Speaker 5: but I want to get to the essence. I you know, look,

702
00:36:42,320 --> 00:36:45,440
Speaker 5: I'm fortunate enough to be a CEO I'm like you guys,

703
00:36:45,800 --> 00:36:49,560
Speaker 5: we're all part of the same car loving people, but

704
00:36:49,760 --> 00:36:54,080
Speaker 5: I don't let that kind of contaminate my thinking as

705
00:36:54,120 --> 00:36:54,600
Speaker 5: the CEO.

706
00:36:55,520 --> 00:36:56,240
Speaker 4: That's harder.

707
00:36:56,800 --> 00:36:59,960
Speaker 5: Yeah, that's harder than you think. Actually, I don't want

708
00:36:59,960 --> 00:37:04,160
Speaker 5: to be that person who makes more decisions because I

709
00:37:04,200 --> 00:37:07,520
Speaker 5: love cars. I actually put more pressure on a racing

710
00:37:07,600 --> 00:37:10,000
Speaker 5: team to make good decisions on racing because I race,

711
00:37:10,320 --> 00:37:12,480
Speaker 5: because I know how expensive it is, and I know

712
00:37:12,560 --> 00:37:15,160
Speaker 5: how much you can waste racing. And I think on

713
00:37:15,280 --> 00:37:17,719
Speaker 5: the same thing. You know, if we're going to do

714
00:37:17,840 --> 00:37:21,880
Speaker 5: a Mustang GT three RS competitor, I'm not going to

715
00:37:22,040 --> 00:37:25,279
Speaker 5: just be happy that it's good. It has to be

716
00:37:25,280 --> 00:37:28,399
Speaker 5: better or else we shouldn't even try, right.

717
00:37:29,560 --> 00:37:32,520
Speaker 3: I also think it's fascinating. I mean, your job as

718
00:37:32,640 --> 00:37:34,440
Speaker 3: CEO is something that we'll talk to you about on

719
00:37:34,680 --> 00:37:37,080
Speaker 3: Bloomberg TV, but I really want to hear more about.

720
00:37:37,400 --> 00:37:40,880
Speaker 3: Like I remember when you first told me about the Predator,

721
00:37:41,600 --> 00:37:44,279
Speaker 3: you know, the flat plane crank, and you are so

722
00:37:44,520 --> 00:37:49,319
Speaker 3: pumped about the sound the scream. And I've recently got

723
00:37:49,320 --> 00:37:53,000
Speaker 3: to drive a Trinity, which was also like awesome. So

724
00:37:53,280 --> 00:37:58,080
Speaker 3: I was thinking to ask, what's your favorite Mustang power train?

725
00:37:58,520 --> 00:38:00,320
Speaker 3: You know, not including the current one because I know

726
00:38:00,360 --> 00:38:01,879
Speaker 3: all CEOs will be like the one we make now

727
00:38:01,880 --> 00:38:02,560
Speaker 3: please go buy it.

728
00:38:02,600 --> 00:38:04,239
Speaker 4: But the COYOTEA.

729
00:38:04,800 --> 00:38:08,319
Speaker 5: This is going to sound totally unconventional, but when that

730
00:38:08,520 --> 00:38:12,160
Speaker 5: five Leader came out in the Fox body, it really

731
00:38:12,280 --> 00:38:17,400
Speaker 5: was something. And I still love driving my five Leader GT.

732
00:38:17,960 --> 00:38:22,439
Speaker 5: You know, my Selene, it's not it's not super high

733
00:38:22,440 --> 00:38:26,319
Speaker 5: technology anymore. But in the mid eighties when we came

734
00:38:26,360 --> 00:38:30,200
Speaker 5: out with the five Leader, it was really something special.

735
00:38:30,719 --> 00:38:33,640
Speaker 5: I have to say that five Lider was enjoyed by

736
00:38:33,719 --> 00:38:36,440
Speaker 5: millions of people around the globe. We put it in

737
00:38:36,560 --> 00:38:39,400
Speaker 5: so many different cars. People are still racing them and

738
00:38:40,160 --> 00:38:44,279
Speaker 5: NHRA or you know, twenty five hours of Lemons.

739
00:38:44,640 --> 00:38:47,160
Speaker 4: You know, it's just a great powertrain.

740
00:38:47,280 --> 00:38:50,440
Speaker 5: And I guess maybe I'll surprise you a little bit,

741
00:38:50,600 --> 00:38:54,120
Speaker 5: Matt with my answers. I just love that powertrain because

742
00:38:54,120 --> 00:38:57,080
Speaker 5: it was a V eight that everyone could enjoy at

743
00:38:57,080 --> 00:39:01,680
Speaker 5: affordable price, that had a manual, and I thought that

744
00:39:01,840 --> 00:39:02,680
Speaker 5: was really cool.

745
00:39:03,360 --> 00:39:04,040
Speaker 2: No, it was awesome.

746
00:39:04,080 --> 00:39:06,239
Speaker 3: When when I was in high school and I was

747
00:39:06,280 --> 00:39:09,239
Speaker 3: like a freshman, the kid who was the senior who

748
00:39:09,280 --> 00:39:10,959
Speaker 3: was like the prom king he.

749
00:39:10,840 --> 00:39:14,080
Speaker 1: Had you know, it wasn't you. I'm actually shocked.

750
00:39:13,719 --> 00:39:16,360
Speaker 3: This guy, Brad, he had one and we were up

751
00:39:16,440 --> 00:39:18,400
Speaker 3: to now I don't know, but at that time he

752
00:39:18,560 --> 00:39:21,360
Speaker 3: was the coolest in all of Grandville, Ohio.

753
00:39:21,400 --> 00:39:24,479
Speaker 1: Like, wow, yeah, wow, that's actually very cool. Yeah, Jim,

754
00:39:24,520 --> 00:39:26,720
Speaker 1: I have to I can't let you go without asking you.

755
00:39:26,719 --> 00:39:29,720
Speaker 1: You mentioned briefly Formula one, and it is really exciting

756
00:39:29,760 --> 00:39:33,040
Speaker 1: that Ford's getting so exact. Yet I'm curious to know

757
00:39:33,320 --> 00:39:37,480
Speaker 1: why that was so important for Ford And does this

758
00:39:37,760 --> 00:39:40,960
Speaker 1: mean it's the start of something really big, you know,

759
00:39:42,160 --> 00:39:46,520
Speaker 1: bigger than I know. Obviously you're partnering to develop engines

760
00:39:46,600 --> 00:39:50,600
Speaker 1: until twenty thirty, but could we ultimately see a Ford

761
00:39:50,719 --> 00:39:52,279
Speaker 1: racing team in F one?

762
00:39:52,719 --> 00:39:55,799
Speaker 5: And now this is a good example of being a

763
00:39:55,880 --> 00:39:59,840
Speaker 5: racer knowing what Formula is and Formula one is in

764
00:40:00,400 --> 00:40:03,600
Speaker 5: and knowing the background of the company. You know, we

765
00:40:04,360 --> 00:40:08,279
Speaker 5: have no aspiration own a team. We have no aspiration

766
00:40:08,520 --> 00:40:14,480
Speaker 5: to build a Ford Formula one car. Why not, because

767
00:40:15,320 --> 00:40:19,520
Speaker 5: because we believe the value in Formula one is the

768
00:40:19,560 --> 00:40:24,920
Speaker 5: tech transfer, and the tech transfer that really matters is software, telemetry,

769
00:40:25,480 --> 00:40:31,200
Speaker 5: arrow and battery tech. In twenty six Formula one will

770
00:40:31,239 --> 00:40:35,719
Speaker 5: go to approximately fifty percent of electric and they're also

771
00:40:35,840 --> 00:40:39,279
Speaker 5: going to a low carbon fuel, so they have a

772
00:40:39,440 --> 00:40:42,680
Speaker 5: great need for high discharge batteries, which we actually have

773
00:40:42,719 --> 00:40:46,320
Speaker 5: a lot of experience within nhr A electric racing, and

774
00:40:47,200 --> 00:40:51,239
Speaker 5: we really are interested in low carbon fuel. Look at

775
00:40:51,280 --> 00:40:54,480
Speaker 5: what Porsche is doing their first fuel for their high

776
00:40:54,600 --> 00:40:58,360
Speaker 5: end nine to elevens, they go to a green fuel.

777
00:40:58,440 --> 00:41:01,640
Speaker 5: I'm very interested in whether we should do a synthetic

778
00:41:02,640 --> 00:41:05,320
Speaker 5: green fuel for Mustang in the first fuel at the plant,

779
00:41:05,920 --> 00:41:08,080
Speaker 5: and I want to learn and I want to learn more.

780
00:41:08,239 --> 00:41:11,160
Speaker 5: We want to learn more about that low carbon synthetic fuel.

781
00:41:11,440 --> 00:41:14,560
Speaker 5: We will at Formula one because all of our combustion

782
00:41:14,640 --> 00:41:17,640
Speaker 5: engineers are having to design an engine for it, and

783
00:41:17,680 --> 00:41:20,520
Speaker 5: we're working closely with Exxon to learn more about the

784
00:41:20,560 --> 00:41:23,879
Speaker 5: fuel's characteristic On the ero side. It turns out these

785
00:41:24,000 --> 00:41:28,360
Speaker 5: very expensive batteries totally change the math on weight and arrow,

786
00:41:29,000 --> 00:41:31,520
Speaker 5: and so for these smaller vehicles we have to have

787
00:41:31,560 --> 00:41:35,160
Speaker 5: a radical approach to arrow, and the best erodynamicist in

788
00:41:35,200 --> 00:41:38,120
Speaker 5: the world are in Formula one, and so we need

789
00:41:38,160 --> 00:41:42,160
Speaker 5: to learn from them. Our arrow is great, but we

790
00:41:42,239 --> 00:41:44,960
Speaker 5: do not have the advanced understanding of arrow that Formula

791
00:41:45,000 --> 00:41:49,120
Speaker 5: one has, and the telemetry and the software for our

792
00:41:49,120 --> 00:41:52,640
Speaker 5: commercial customers is getting more more important. Imagine if you're

793
00:41:52,640 --> 00:41:54,520
Speaker 5: a plumber electrician and I can go to you as

794
00:41:54,520 --> 00:41:57,560
Speaker 5: a forward customer, a customer to a customer and say,

795
00:41:57,960 --> 00:42:00,920
Speaker 5: you will never be off the road, will predict failure

796
00:42:00,920 --> 00:42:03,719
Speaker 5: of all components on your van, and we're going to

797
00:42:03,840 --> 00:42:06,680
Speaker 5: use AI and sensors in the vehicle and they will

798
00:42:06,760 --> 00:42:08,680
Speaker 5: never You will never be off the road. You just

799
00:42:08,719 --> 00:42:11,319
Speaker 5: have to pay attention when there's a warning, you have

800
00:42:11,400 --> 00:42:15,160
Speaker 5: to do something. And Formula one is already developing those

801
00:42:15,200 --> 00:42:18,560
Speaker 5: AI models and all the telemetry to do predictive failure

802
00:42:18,600 --> 00:42:21,080
Speaker 5: of all components. They are way ahead of the rest

803
00:42:21,120 --> 00:42:24,720
Speaker 5: of the world on predictive failure. So for our pro business,

804
00:42:25,320 --> 00:42:28,680
Speaker 5: you know, Formula one is really attractive on the software side,

805
00:42:28,960 --> 00:42:30,600
Speaker 5: and that's the only reason why I went on to

806
00:42:30,719 --> 00:42:34,200
Speaker 5: Formula one. They need us on hydus charged batteries, We

807
00:42:34,239 --> 00:42:39,319
Speaker 5: need them on software. And hydro charged batteries are fun

808
00:42:39,360 --> 00:42:41,800
Speaker 5: to work on because maybe we'll have a partially electric

809
00:42:42,239 --> 00:42:44,239
Speaker 5: really a high performance vehicle and if we have the

810
00:42:44,280 --> 00:42:48,000
Speaker 5: best dis charged battery, maybe the Ford works better than

811
00:42:48,040 --> 00:42:49,120
Speaker 5: Porsche or anyone else.

812
00:42:49,680 --> 00:42:51,680
Speaker 4: And the software is super important for pro.

813
00:42:52,920 --> 00:42:55,839
Speaker 5: But we have no interest in owning a team We've

814
00:42:55,840 --> 00:42:57,879
Speaker 5: done that in the past that really didn't work out.

815
00:42:58,320 --> 00:43:00,960
Speaker 5: We're not good at running Formula one teas we tried,

816
00:43:01,520 --> 00:43:04,520
Speaker 5: you know, we wound up, you know, kind of leaving

817
00:43:04,520 --> 00:43:07,480
Speaker 5: a sport with our tail between our legs. We don't

818
00:43:07,520 --> 00:43:11,480
Speaker 5: want to do that again. It's a totally practical relationship.

819
00:43:11,600 --> 00:43:12,120
Speaker 2: But that's it.

820
00:43:12,400 --> 00:43:14,680
Speaker 3: I mean, that's so amazing when you think about it.

821
00:43:14,760 --> 00:43:17,800
Speaker 3: Jim Farley, Jim Farley says that they're going to Formula

822
00:43:17,840 --> 00:43:20,600
Speaker 3: one to benefit the Ford Pro Unit.

823
00:43:20,920 --> 00:43:24,080
Speaker 1: I mean, think about so that it makes to hear

824
00:43:24,160 --> 00:43:28,320
Speaker 1: you actually articulate it, just like that makes total sense,

825
00:43:28,760 --> 00:43:31,880
Speaker 1: and it's so refreshing just to hear you say. Honestly,

826
00:43:32,200 --> 00:43:34,919
Speaker 1: it's not for we don't this is this is our practicality.

827
00:43:34,960 --> 00:43:37,080
Speaker 1: This is the use and that's it, and we don't

828
00:43:37,120 --> 00:43:40,640
Speaker 1: need anything more for our ego or anything that's rare.

829
00:43:40,880 --> 00:43:43,440
Speaker 3: We're going into the weekend happy, Jim, thank you, thank

830
00:43:43,480 --> 00:43:44,960
Speaker 3: you so much for joining us.

831
00:43:45,719 --> 00:43:47,560
Speaker 5: So I'm going to the plan. I'm going for a

832
00:43:47,600 --> 00:43:49,840
Speaker 5: full inspection on one of our plants here in Michigan.

833
00:43:50,200 --> 00:43:52,360
Speaker 4: I love you guys. Both of you are amazing.

834
00:43:52,400 --> 00:43:52,879
Speaker 2: Thanks funny.

835
00:43:53,239 --> 00:43:56,040
Speaker 5: So I'm so thankful that there are car people like

836
00:43:56,120 --> 00:43:59,240
Speaker 5: you who are in the mass media kind of educating

837
00:43:59,280 --> 00:44:02,279
Speaker 5: customers about this transition. It's going to be scary for

838
00:44:02,320 --> 00:44:04,640
Speaker 5: a lot of customers, and you're there for them. And

839
00:44:05,160 --> 00:44:08,200
Speaker 5: I've known both of you for a while and I'm

840
00:44:08,239 --> 00:44:10,239
Speaker 5: just so thankful to spend time with both of you.

841
00:44:10,560 --> 00:44:12,160
Speaker 1: Me too, Jim, thank you so much.

842
00:44:12,680 --> 00:44:14,920
Speaker 2: That was Jim Farling. He was just as good as

843
00:44:14,920 --> 00:44:15,520
Speaker 2: we expected.

844
00:44:15,640 --> 00:44:18,399
Speaker 1: Yeah, I have to say, David Weston did this great

845
00:44:18,440 --> 00:44:20,719
Speaker 1: package with Jim that I just watched, and it's all

846
00:44:20,760 --> 00:44:24,000
Speaker 1: about Detroit. But in the package, Jim made this comment

847
00:44:24,160 --> 00:44:27,239
Speaker 1: that he's like, we're well into the messy middle of

848
00:44:27,320 --> 00:44:30,640
Speaker 1: the most transformational time at Ford since the Model T.

849
00:44:31,480 --> 00:44:34,839
Speaker 1: And after talking with him, I actually can see that.

850
00:44:35,040 --> 00:44:37,600
Speaker 1: I mean you can see where he's like, this is

851
00:44:37,640 --> 00:44:41,880
Speaker 1: where we are, this is where we are headed. It's great.

852
00:44:42,160 --> 00:44:42,760
Speaker 2: I forgot.

853
00:44:42,920 --> 00:44:45,040
Speaker 3: Now I'm kicking myself because I forgot to ask him

854
00:44:45,080 --> 00:44:49,120
Speaker 3: about something Weston told me this morning. He said, you know,

855
00:44:49,160 --> 00:44:52,160
Speaker 3: there's only one sports car that's made in America, and

856
00:44:52,200 --> 00:44:55,640
Speaker 3: he's talking about the Corvette because David Weston has a

857
00:44:55,680 --> 00:44:57,200
Speaker 3: C one Corvette.

858
00:44:57,120 --> 00:44:57,319
Speaker 5: Yeah.

859
00:44:57,400 --> 00:44:58,560
Speaker 2: He always says this to me.

860
00:44:58,760 --> 00:45:02,880
Speaker 3: Yeah, because he thinks still of Mustang and Camaro, you

861
00:45:02,880 --> 00:45:04,960
Speaker 3: know as muscle cars.

862
00:45:05,239 --> 00:45:07,520
Speaker 2: But Mustang is definitely a sports car.

863
00:45:07,680 --> 00:45:11,120
Speaker 1: Yeah great, No one in their right mind would argue

864
00:45:11,560 --> 00:45:14,000
Speaker 1: that a Mustang isn't this. Of course it's a sports car.

865
00:45:14,200 --> 00:45:16,440
Speaker 3: Of course, even though it has four seats and the

866
00:45:16,520 --> 00:45:20,040
Speaker 3: same as obviously true of Camaro. That not your your

867
00:45:20,239 --> 00:45:22,239
Speaker 3: very good point. I'm gonna tell Weston that next time.

868
00:45:22,280 --> 00:45:24,640
Speaker 3: I was gonna ask Jim, but I didn't want to.

869
00:45:25,200 --> 00:45:26,640
Speaker 3: No shame exactly.

870
00:45:26,680 --> 00:45:29,520
Speaker 2: So very good stuff from Jim Farley.

871
00:45:29,920 --> 00:45:32,680
Speaker 3: We didn't expect any less. And what else have you

872
00:45:32,719 --> 00:45:36,120
Speaker 3: got going on right now? What's what's happening in Hannah

873
00:45:36,120 --> 00:45:36,799
Speaker 3: Elliott's world?

874
00:45:36,880 --> 00:45:38,719
Speaker 1: Well, it's great to be in the studio with you, Matt.

875
00:45:38,760 --> 00:45:41,120
Speaker 1: That is my most favorite thing. I'm back in New York.

876
00:45:41,440 --> 00:45:44,400
Speaker 1: It's the Mothership. It makes me so happy to be

877
00:45:44,440 --> 00:45:46,840
Speaker 1: here and see all of these faces that I know

878
00:45:46,960 --> 00:45:49,160
Speaker 1: and love and be in this amazing space. I'm going

879
00:45:49,239 --> 00:45:50,440
Speaker 1: to take a week off. I'm going to be in

880
00:45:50,440 --> 00:45:53,560
Speaker 1: the city. I'm going to be around. If you see me,

881
00:45:53,680 --> 00:45:56,279
Speaker 1: come say hello. I'm excited to be here.

882
00:45:56,280 --> 00:45:57,240
Speaker 2: Shoot Hannah an email.

883
00:45:57,280 --> 00:45:59,960
Speaker 1: That way, shoot us an email. Both of us pursue

884
00:46:00,320 --> 00:46:01,160
Speaker 1: a hot.

885
00:46:00,960 --> 00:46:02,080
Speaker 2: Pursuit at Bloomberg dot net.

886
00:46:02,200 --> 00:46:03,840
Speaker 3: That's it and now I know it by heart at

887
00:46:03,920 --> 00:46:05,359
Speaker 3: Hot Pursuit at Bloomberg dot net.

888
00:46:06,239 --> 00:46:09,640
Speaker 2: And are you driving anything fun? Have you been driving anything?

889
00:46:10,320 --> 00:46:16,359
Speaker 1: No? I am. Actually I did drive a couple Mercedes

890
00:46:16,440 --> 00:46:18,120
Speaker 1: last week that I'll talk about later. I think they're

891
00:46:18,200 --> 00:46:20,080
Speaker 1: under embargo. I'm gonna go drive that hybrid nine to

892
00:46:20,120 --> 00:46:21,160
Speaker 1: eleven next.

893
00:46:20,960 --> 00:46:22,400
Speaker 2: Week in Sevilla.

894
00:46:22,719 --> 00:46:23,040
Speaker 4: Yeah.

895
00:46:23,160 --> 00:46:23,920
Speaker 2: Nice, so we'll.

896
00:46:23,760 --> 00:46:26,200
Speaker 1: Talk about that, but no, this week it's pure foot

897
00:46:26,360 --> 00:46:27,040
Speaker 1: foot traffic.

898
00:46:27,200 --> 00:46:27,480
Speaker 2: Nice.

899
00:46:27,640 --> 00:46:30,279
Speaker 3: So the nine to eleven We've talked about it, but

900
00:46:30,320 --> 00:46:34,239
Speaker 3: I'm excited to get your take. Also, Sevilla an amazing city.

901
00:46:34,080 --> 00:46:37,200
Speaker 1: Kind of your homeland. I adore it Germany.

902
00:46:36,880 --> 00:46:42,640
Speaker 3: And I would recommend going to Cordoba and also to Granada.

903
00:46:42,760 --> 00:46:44,040
Speaker 2: I mean, what an amazing part of Spain.

904
00:46:44,280 --> 00:46:46,719
Speaker 3: I have been driving. So I drove last week the

905
00:46:46,800 --> 00:46:47,759
Speaker 3: Kia Sorrento.

906
00:46:47,960 --> 00:46:50,000
Speaker 1: I remember that awesome vehicle.

907
00:46:50,360 --> 00:46:51,640
Speaker 2: I really liked it.

908
00:46:51,719 --> 00:46:55,359
Speaker 3: I'm just always blown away because when that brand came out,

909
00:46:55,440 --> 00:46:57,799
Speaker 3: I was like, ugh, like you go, you know, and

910
00:46:57,880 --> 00:47:02,000
Speaker 3: now they continue to hit homeruns. I love the EV nine,

911
00:47:02,160 --> 00:47:03,840
Speaker 3: as I talk about all the time, but the Sorrento

912
00:47:04,000 --> 00:47:06,759
Speaker 3: was actually fun to drive and it's like a mid

913
00:47:06,800 --> 00:47:07,640
Speaker 3: size suv.

914
00:47:09,040 --> 00:47:11,200
Speaker 1: I love that for you. Also, are you getting a

915
00:47:11,280 --> 00:47:12,080
Speaker 1: Mustang soon?

916
00:47:12,360 --> 00:47:13,279
Speaker 2: I am speaking of it.

917
00:47:13,480 --> 00:47:16,960
Speaker 3: I am gonna get a Mustang at the end of

918
00:47:17,000 --> 00:47:19,240
Speaker 3: the week, I think next week. Right now, I'm driving

919
00:47:19,239 --> 00:47:24,200
Speaker 3: a BMW Z four. I just started driving it, so

920
00:47:24,360 --> 00:47:26,360
Speaker 3: I will tell you more about it next week. I

921
00:47:26,640 --> 00:47:32,160
Speaker 3: gotta say it feels like heavy in the wrong places. Also,

922
00:47:32,280 --> 00:47:37,600
Speaker 3: the breaks are not confidence inspiring. And for someone over

923
00:47:37,680 --> 00:47:40,399
Speaker 3: six feet tall as I am, it's a tight fit.

924
00:47:41,160 --> 00:47:43,160
Speaker 3: But I'm just happy that it has a stick shift

925
00:47:43,840 --> 00:47:47,279
Speaker 3: comes down and I think it's gorgeous also, but we'll see.

926
00:47:47,280 --> 00:47:52,640
Speaker 3: I gotta spend some more time driving it's I think

927
00:47:52,640 --> 00:47:56,120
Speaker 3: they call it frozen forest green or something like that.

928
00:47:57,040 --> 00:47:59,560
Speaker 3: I love green, but it's a matte color and I

929
00:47:59,560 --> 00:48:02,440
Speaker 3: feel like car makers are all coming out. Ford is

930
00:48:02,480 --> 00:48:05,480
Speaker 3: doing this too, like ten years too late with the

931
00:48:05,560 --> 00:48:10,080
Speaker 3: matt colors, right, I would rather just be the glossy

932
00:48:10,239 --> 00:48:13,239
Speaker 3: like metallic paint. But it's a beautiful car. I'll put

933
00:48:13,239 --> 00:48:16,480
Speaker 3: it out on Instagram. I'll put it out on YouTube

934
00:48:16,520 --> 00:48:16,879
Speaker 3: as well.

935
00:48:17,200 --> 00:48:18,719
Speaker 1: I can't wait to see it. All.

936
00:48:18,800 --> 00:48:20,719
Speaker 3: Right, Well, that's all we got for you this week.

937
00:48:20,719 --> 00:48:23,680
Speaker 3: We'll be back, same time, same place next week. Remember

938
00:48:23,680 --> 00:48:26,040
Speaker 3: to shoot us an email at hot Pursuit at bloomberg

939
00:48:26,080 --> 00:48:26,520
Speaker 3: dot net.

940
00:48:26,560 --> 00:48:27,440
Speaker 2: I'm Matt Miller, and

941
00:48:27,480 --> 00:48:29,640
Speaker 1: I'm Hannah Elliott, and this is Bloomberg