1 00:00:01,880 --> 00:00:05,040 Speaker 1: Minty in the morning is on more of what UNI 2 00:00:05,240 --> 00:00:10,200 Speaker 1: from a morning show sevent ten double r in for Larry. 3 00:00:10,240 --> 00:00:12,480 Speaker 2: Today is Ken Rosetto. 4 00:00:12,840 --> 00:00:14,760 Speaker 1: Had a very good Monday morning to you, Ron and 5 00:00:14,800 --> 00:00:16,759 Speaker 1: Nany and his host of the Car Doctor, which is 6 00:00:16,800 --> 00:00:21,080 Speaker 1: available weekly on iHeartRadio's app. And he is owner of 7 00:00:21,239 --> 00:00:24,600 Speaker 1: our automotive in Waldwick, New Jersey, and we say good 8 00:00:24,640 --> 00:00:25,920 Speaker 1: morning to you, Ron. 9 00:00:26,320 --> 00:00:28,360 Speaker 2: Good morning Ken. Happy to be here, thank you. 10 00:00:28,320 --> 00:00:30,640 Speaker 1: Good to be to be on with you, my fellow 11 00:00:30,680 --> 00:00:33,120 Speaker 1: New Jersey man. I'm a New Jersey man myself and 12 00:00:33,280 --> 00:00:36,479 Speaker 1: Ford ours. Yes, yes, prily I've only mentioned it two 13 00:00:36,560 --> 00:00:41,400 Speaker 1: thousand times today alone. Ford has halted production of the 14 00:00:41,440 --> 00:00:44,000 Speaker 1: all electric F one to fifty lightning and now they're 15 00:00:44,080 --> 00:00:48,880 Speaker 1: taking a twenty billion dollar charge tied to its EV strategy. 16 00:00:48,960 --> 00:00:51,159 Speaker 1: So it's one of the biggest EV course corrections we've 17 00:00:51,159 --> 00:00:53,639 Speaker 1: seen from a US automaker. So why is that an 18 00:00:53,640 --> 00:00:54,880 Speaker 1: important point? 19 00:00:55,520 --> 00:00:57,520 Speaker 2: And you have to say that slowly, Ken, you know 20 00:00:57,560 --> 00:01:00,800 Speaker 2: it's twenty billion with a B. This isn't This isn't 21 00:01:00,800 --> 00:01:05,039 Speaker 2: pockets change and pocket change, and it's just it's important 22 00:01:05,040 --> 00:01:07,840 Speaker 2: to note it's and this isn't a reflection on the lightning. 23 00:01:07,840 --> 00:01:09,959 Speaker 2: This isn't a reflection on the F one fifty Lightning. 24 00:01:10,240 --> 00:01:12,920 Speaker 2: It was a good vehicle. A lot of people bought them, 25 00:01:12,959 --> 00:01:15,880 Speaker 2: a lot of people are happy with them. The inside 26 00:01:15,920 --> 00:01:19,600 Speaker 2: story is Ford was losing one hundred and twenty five 27 00:01:19,680 --> 00:01:23,759 Speaker 2: thousand dollars a vehicle, oh my god. And it got 28 00:01:23,840 --> 00:01:26,440 Speaker 2: worse after the government subsidies went away, because there were 29 00:01:26,480 --> 00:01:29,759 Speaker 2: government subsidies to buy an EV vehicle and they were eliminated, 30 00:01:29,800 --> 00:01:32,679 Speaker 2: I believe this year midyear. So all of a sudden, 31 00:01:32,880 --> 00:01:34,600 Speaker 2: you know, hey, listen, it's got to stand on its own. 32 00:01:34,640 --> 00:01:36,880 Speaker 2: You got to stand on your own two feet sometime, kid, right, 33 00:01:37,400 --> 00:01:40,320 Speaker 2: And it wasn't making money, so they said, hey, let's 34 00:01:40,360 --> 00:01:43,280 Speaker 2: pull the plug. The demand isn't isn't what it's supposed 35 00:01:43,319 --> 00:01:46,039 Speaker 2: to be, even though there was demand, but there wasn't enough. 36 00:01:46,640 --> 00:01:50,720 Speaker 2: And you know, it sends a signal. Electric pickups really 37 00:01:50,760 --> 00:01:52,800 Speaker 2: aren't selling the way they should. They're not making money 38 00:01:52,800 --> 00:01:55,480 Speaker 2: for the companies like they're supposed to. And that's the 39 00:01:55,520 --> 00:01:56,040 Speaker 2: death bell. 40 00:01:56,320 --> 00:01:58,880 Speaker 1: Yeah, and you're seeing automakers all over the country and 41 00:01:58,920 --> 00:02:01,480 Speaker 1: all over the world now tooling right, going back in 42 00:02:01,520 --> 00:02:04,760 Speaker 1: many cases to producing more fossil fuel engines again. 43 00:02:05,560 --> 00:02:08,080 Speaker 2: And I think they have to, you know, listen for 44 00:02:08,240 --> 00:02:11,240 Speaker 2: the record. I think evs are a great idea. I 45 00:02:11,240 --> 00:02:13,200 Speaker 2: think if you know a route you're going to travel, 46 00:02:13,200 --> 00:02:15,840 Speaker 2: if you're an Amazon driver, if you're a taxi cab 47 00:02:15,840 --> 00:02:18,079 Speaker 2: in New York City, if you're you know you're you're 48 00:02:18,120 --> 00:02:21,240 Speaker 2: making that fifty mile loop on a continuous basis. Yeah, great, 49 00:02:21,320 --> 00:02:24,320 Speaker 2: evs are a wonderful idea because you can charge them. 50 00:02:24,600 --> 00:02:26,720 Speaker 2: I'm not saying they're going to be more cost efficient 51 00:02:27,160 --> 00:02:31,320 Speaker 2: because studies show most evs don't reach a break even 52 00:02:31,360 --> 00:02:34,600 Speaker 2: point till about the sixty thousand mile mark in terms 53 00:02:34,600 --> 00:02:38,960 Speaker 2: of their impact on the environment, the carbon footprinting. And 54 00:02:39,000 --> 00:02:41,200 Speaker 2: we can, you know, have that conversation another time, can 55 00:02:41,240 --> 00:02:45,080 Speaker 2: go in that direction. But you know, bottom line, you know, 56 00:02:45,120 --> 00:02:48,280 Speaker 2: they're they're struggling to get these vehicles out the door, 57 00:02:48,400 --> 00:02:50,919 Speaker 2: make a profit, and put them in the hands of 58 00:02:50,960 --> 00:02:53,760 Speaker 2: people to use them. So they've said, okay, we're done, 59 00:02:53,880 --> 00:02:59,280 Speaker 2: and subsequently all this development costs added up to twenty 60 00:02:59,320 --> 00:03:01,560 Speaker 2: billion dollars. So here we go, and we're going to 61 00:03:01,639 --> 00:03:03,600 Speaker 2: go in a different direction now completely. We're going to 62 00:03:03,680 --> 00:03:07,000 Speaker 2: go back towards internal combustion, but we're going to go 63 00:03:07,000 --> 00:03:09,799 Speaker 2: to internal combustion and hybrid, which is what I kind 64 00:03:09,840 --> 00:03:11,799 Speaker 2: of said two years ago that we were going to 65 00:03:11,840 --> 00:03:13,880 Speaker 2: go to this because you know, we're gonna we're gonna 66 00:03:13,919 --> 00:03:17,400 Speaker 2: do a balance of both hybrid you know, internal combustion 67 00:03:17,480 --> 00:03:19,000 Speaker 2: and a hybrid vehicle, which. 68 00:03:18,800 --> 00:03:21,040 Speaker 1: Makes total sense. I mean this way, you're not you're 69 00:03:21,040 --> 00:03:24,359 Speaker 1: not risking anything. You have both options. I know it's 70 00:03:24,400 --> 00:03:27,600 Speaker 1: a more complicated engine design, right, because you have to 71 00:03:27,280 --> 00:03:29,799 Speaker 1: be to switch back and forth. But it does give 72 00:03:29,800 --> 00:03:30,960 Speaker 1: you the best of both worlds. 73 00:03:31,760 --> 00:03:35,040 Speaker 2: It does. It's it's it's still a machine though, ken 74 00:03:35,080 --> 00:03:37,360 Speaker 2: at the end of the day, it still requires maintenance. 75 00:03:37,960 --> 00:03:40,800 Speaker 2: A lot of people don't seem to understand that. We're 76 00:03:40,840 --> 00:03:45,120 Speaker 2: seeing now, for example, a little off subject start stop 77 00:03:45,160 --> 00:03:50,640 Speaker 2: technology right, you're familiar with stars, right, and the engine 78 00:03:50,640 --> 00:03:53,280 Speaker 2: goes off. We're seeing a lot of issues with certain 79 00:03:53,320 --> 00:03:58,480 Speaker 2: manufacturers Forward among them, where it's causing issues with variable 80 00:03:58,520 --> 00:04:01,120 Speaker 2: valve time and components, cams, they have to parts to 81 00:04:01,160 --> 00:04:05,760 Speaker 2: make it simple, things that are affecting engine controls and timing, 82 00:04:06,200 --> 00:04:10,000 Speaker 2: particularly if the person isn't due diligent about their oil changes. 83 00:04:10,400 --> 00:04:13,240 Speaker 2: And we're seeing long term complications when these engine gets 84 00:04:13,320 --> 00:04:16,480 Speaker 2: sixty seventy eighty thousand miles on them all of a sudden, 85 00:04:16,520 --> 00:04:19,440 Speaker 2: they need two thousand dollars worth of work that, had 86 00:04:19,480 --> 00:04:22,200 Speaker 2: they done oil changes, they may not have needed. And 87 00:04:22,480 --> 00:04:25,320 Speaker 2: they're attributing that to the start stop. Because it's always on, 88 00:04:25,360 --> 00:04:28,200 Speaker 2: it's always off. It's always on, it's always off. It's 89 00:04:28,480 --> 00:04:30,600 Speaker 2: so technology comes at a price, I guess, is the 90 00:04:30,600 --> 00:04:32,400 Speaker 2: message I want to put out there. Yeah? 91 00:04:32,839 --> 00:04:35,240 Speaker 1: I was when I first saw that feature, and I 92 00:04:35,240 --> 00:04:37,960 Speaker 1: didn't even realize it existed until I felt the car 93 00:04:38,040 --> 00:04:41,360 Speaker 1: pewter off. The salesman forgot to mention that little fact, 94 00:04:41,760 --> 00:04:44,400 Speaker 1: and I thought, my god, why is my car starting out? 95 00:04:44,400 --> 00:04:45,840 Speaker 1: What's the deal? It's a brand new car. I thought 96 00:04:45,839 --> 00:04:48,960 Speaker 1: I had a bad tank of gas, and then I realized, No, 97 00:04:49,120 --> 00:04:51,919 Speaker 1: that's the feature. It's supposed to save fuel. But for 98 00:04:52,000 --> 00:04:55,680 Speaker 1: the whatever negligible amount of fuel you're saving, unless you're 99 00:04:55,680 --> 00:04:57,960 Speaker 1: going to be idling at a traffic light for twenty minutes, 100 00:04:58,240 --> 00:05:00,400 Speaker 1: you really have to wonder is it worth wear and 101 00:05:00,400 --> 00:05:01,239 Speaker 1: tear in the vehicles? 102 00:05:01,360 --> 00:05:03,919 Speaker 2: Clearly well, I worry about the wear and tear. I 103 00:05:03,960 --> 00:05:06,680 Speaker 2: also worry about the safety perspective. When I get a 104 00:05:06,720 --> 00:05:08,400 Speaker 2: car started, i'd like to know I'm going to go 105 00:05:08,440 --> 00:05:11,480 Speaker 2: from A to B, and if I stop at every 106 00:05:11,560 --> 00:05:15,240 Speaker 2: traffic light, and if I'm going through maybe a you know, 107 00:05:15,360 --> 00:05:17,479 Speaker 2: a less than desirable area, or if I'm in a 108 00:05:17,480 --> 00:05:20,360 Speaker 2: heavy traffic situation, or if I'm in a condition where 109 00:05:20,760 --> 00:05:22,120 Speaker 2: I want to make sure the car is going to 110 00:05:22,200 --> 00:05:25,840 Speaker 2: start every time, you know, and it shuts off. What 111 00:05:25,920 --> 00:05:27,800 Speaker 2: if I have a problem, What if it's late at night, 112 00:05:27,880 --> 00:05:30,919 Speaker 2: what if I'm alone and I kind of like my 113 00:05:31,040 --> 00:05:32,839 Speaker 2: car to run, you know, I started at the house 114 00:05:32,880 --> 00:05:35,760 Speaker 2: and get to work that kind of thing. So, and 115 00:05:35,800 --> 00:05:38,320 Speaker 2: that's a whole other conversation for another day. I just 116 00:05:39,000 --> 00:05:42,640 Speaker 2: I think the point becomes that evs didn't pan out 117 00:05:42,640 --> 00:05:44,200 Speaker 2: to be what they were supposed to be because of 118 00:05:44,240 --> 00:05:48,520 Speaker 2: the technology, the costs associated with them. Start stop isn't 119 00:05:48,520 --> 00:05:50,960 Speaker 2: panning out to what it's supposed to be because they're 120 00:05:50,960 --> 00:05:54,279 Speaker 2: finding other you know, for every great idea, there's a 121 00:05:54,279 --> 00:05:56,479 Speaker 2: bigger problem just waiting around the corner that they have 122 00:05:56,560 --> 00:05:59,320 Speaker 2: to overcome. And there's a lot of technology that goes 123 00:05:59,320 --> 00:06:02,040 Speaker 2: into a car today and they're still learning even today. 124 00:06:02,440 --> 00:06:04,600 Speaker 1: And isn't there a point when with EV's you will 125 00:06:04,640 --> 00:06:08,440 Speaker 1: have to replace the batteries and how expensive are those well? 126 00:06:08,480 --> 00:06:10,800 Speaker 2: And then you know, yeah, it's you know, the EV 127 00:06:10,920 --> 00:06:15,800 Speaker 2: battery replacement is more expensive than replacing the engine on 128 00:06:15,839 --> 00:06:19,600 Speaker 2: most internal combustion vehicles. So you know, we hear stories. 129 00:06:19,640 --> 00:06:23,080 Speaker 2: We see numbers twelve to fifteen thousand dollars on some vehicles. 130 00:06:23,640 --> 00:06:26,200 Speaker 2: Now that's okay. You go, well, it was one hundred 131 00:06:26,200 --> 00:06:30,479 Speaker 2: thousand dollars vehicle, but the battery fails in year seven 132 00:06:30,600 --> 00:06:32,960 Speaker 2: or eight, for example, Are you going to put fifteen 133 00:06:33,000 --> 00:06:34,480 Speaker 2: grand into an eight year old vehicle? 134 00:06:35,200 --> 00:06:36,080 Speaker 1: Yep, good point. 135 00:06:36,400 --> 00:06:40,200 Speaker 2: You know, the numbers don't make sense. The bigger problem 136 00:06:40,279 --> 00:06:44,960 Speaker 2: with evs ken is distribution, getting electricity to where it's 137 00:06:44,960 --> 00:06:48,159 Speaker 2: supposed to be. I tell this story one hundred times 138 00:06:48,200 --> 00:06:50,720 Speaker 2: when I'm doing the show. You know, we go out 139 00:06:50,760 --> 00:06:53,680 Speaker 2: to Pittsburgh on a regular basis and we drive through 140 00:06:53,680 --> 00:06:56,880 Speaker 2: the beautiful town of Altuna Pa. Altuna's nestled at the 141 00:06:56,880 --> 00:06:59,400 Speaker 2: base of the Alleghenies. I always tell my wife, when 142 00:06:59,400 --> 00:07:01,400 Speaker 2: they get enough electricity to come over the top of 143 00:07:01,400 --> 00:07:03,960 Speaker 2: the Alleghany's and feed electricity to Altuona and make it 144 00:07:04,040 --> 00:07:07,600 Speaker 2: all electric, then you'll see EV vehicles for the masses. 145 00:07:07,600 --> 00:07:10,880 Speaker 2: But until then, it's it's really just a marketing thing. 146 00:07:10,880 --> 00:07:12,600 Speaker 2: I just don't see how effective it's going to be. 147 00:07:12,720 --> 00:07:15,720 Speaker 1: Well, with New Jersey's electric drakes electric rates going up 148 00:07:15,760 --> 00:07:18,760 Speaker 1: twenty percent a year and probably even more exponentially under 149 00:07:18,800 --> 00:07:21,480 Speaker 1: the new incoming governor, I think it's probably time to 150 00:07:21,480 --> 00:07:23,720 Speaker 1: go back to gas. Ron and Dany and the host 151 00:07:23,760 --> 00:07:27,720 Speaker 1: of the Car Doctor, available weekly on the iHeartRadio app 152 00:07:27,960 --> 00:07:31,080 Speaker 1: and owner of RA Automotive in Waldwick, New Jersey. All 153 00:07:31,200 --> 00:07:32,960 Speaker 1: was a pleasure, my friend, Happy new year. 154 00:07:33,240 --> 00:07:35,960 Speaker 2: Thank you Ken, you too, be well, thank you you too, sir. 155 00:07:36,080 --> 00:07:37,360 Speaker 1: And when we come back, we're going to have a 156 00:07:37,440 --> 00:07:40,240 Speaker 1: weekap of today's show and my final thoughts at seven 157 00:07:40,240 --> 00:07:41,600 Speaker 1: to ten WR