WEBVTT - Introducing: Bloomberg Hot Pursuit!

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<v Speaker 1>Hey, this is Matt Miller.

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<v Speaker 2>You listen to me every day, I hope on the

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<v Speaker 2>Tape podcast with Paul Sweeney. I've got a new podcast though,

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<v Speaker 2>that I'm running alongside the Tape with my friend Hannah Elliott.

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<v Speaker 1>She's the car reviewer from Bloomberg Pursuits.

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<v Speaker 2>We call it Hot Pursuit, and we tell you everything

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<v Speaker 2>you need to know or want to know about new cars,

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<v Speaker 2>about the automotive industry, about car events. I'm gonna drop

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<v Speaker 2>a little sample from the Hot Pursuit podcast here.

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<v Speaker 1>Take a listen.

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<v Speaker 2>If you like it, go to the Hot Pursuit page

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<v Speaker 2>and subscribe. You can find it on Apple, on Spotify,

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<v Speaker 2>or anywhere you get your podcasts.

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<v Speaker 1>I'm Matt Miller.

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<v Speaker 3>And I'm Hannah Elliott and this is Hot Pursuit.

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<v Speaker 1>Welcome the podcast.

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<v Speaker 2>Coming up today, We've got a lot about Formula one

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<v Speaker 2>if you care about the racing as well as the event.

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<v Speaker 1>Plus we're gonna talk about four.

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<v Speaker 2>There's a really cool Bronco thing that Hannah heard about,

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<v Speaker 2>and they're scaling back a little bit on their electric

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<v Speaker 2>vehicle production, so maybe that's an issue that touches the

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<v Speaker 2>strike and politics. Finally, Hannah actually drove the XM. She's

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<v Speaker 2>written down her thoughts and she'll tell them to me.

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<v Speaker 2>I have a much cheaper, but I think better alternative

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<v Speaker 2>in the Dodge Durango.

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<v Speaker 1>Hellcat this week.

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<v Speaker 2>All right, So Hannah, let's start with Formula one. It's

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<v Speaker 2>not just about the racing, it's about the circus. And

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<v Speaker 2>now it's in like a circus town, so there could

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<v Speaker 2>be some real what do you call that when you

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<v Speaker 2>two things come together and they get multiplied synchronicity.

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<v Speaker 3>I don't know.

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<v Speaker 2>I'm fascinated to know what it's gonna be like when

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<v Speaker 2>it goes to Las Vegas, which is already off the hook.

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<v Speaker 3>You're right, it's kind of like it's gonna be greater

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<v Speaker 3>than the sum of its parts, like two plus two

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<v Speaker 3>equals five. Possibly because, like you say, this is the

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<v Speaker 3>circus capital of the country. It even has a hotel

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<v Speaker 3>called Circus Circus. And I started getting pitches and notes

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<v Speaker 3>about this Grand Prix race like in early summer, like

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<v Speaker 3>May June. So the hype for this has been unparalleled,

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<v Speaker 3>even higher than that of Miami or Austin. It's a

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<v Speaker 3>big deal. Let's just say upfront that you know, Max

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<v Speaker 3>Verstappen has already clinched the title. We already know Red

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<v Speaker 3>Bull has won the constructors championship. So the race, the race,

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<v Speaker 3>while it still will be exciting, is even sort of

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<v Speaker 3>more beside the point than usual because we already know

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<v Speaker 3>how the season ends. To that effect, everything else happening

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<v Speaker 3>in Las Vegas is going to be wild. I'm looking

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<v Speaker 3>forward to going, and I'm also slightly terrified.

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<v Speaker 2>So in terms of like exciting, is Formula One do

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<v Speaker 2>you get like amazing outcomes you would never have expected.

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<v Speaker 2>Is it possible for somebody in like a satellite team

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<v Speaker 2>to all of a sudden start winning and take over.

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<v Speaker 1>Is there a lot of passing?

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<v Speaker 2>Because when I stopped watching it, it was because there

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<v Speaker 2>was a lack of all of those things.

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<v Speaker 3>Yeah, I'm not gonna argue with you on that. Unfortunately,

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<v Speaker 3>you know, Max Verstappin has won the last sixteen races.

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<v Speaker 3>He's pretty solid and predictable, and that's wonderful for him,

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<v Speaker 3>but less exciting for racing fans. Sergio Perez, of course,

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<v Speaker 3>is has been doing pretty okay. He's i think number

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<v Speaker 3>two in the standings right now, but he did actually

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<v Speaker 3>crash out at the Mexican Grand Prix this past weekend,

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<v Speaker 3>So I guess you could call that sort of exciting.

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<v Speaker 3>Thank god he's he was unhurt. But to your point,

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<v Speaker 3>the leaders are the leaders. Lewis Hamilton has actually been

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<v Speaker 3>kind of putting on a surge. You know, he's the

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<v Speaker 3>biggest superstar in the world right now when it comes

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<v Speaker 3>to Formula racing, and he has been for years, despite

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<v Speaker 3>the fact that you know, this year he hasn't been

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<v Speaker 3>racing as as well as he has in past years,

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<v Speaker 3>and I think that has a lot to do with

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<v Speaker 3>the car that he's driving. So to answer your question, no,

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<v Speaker 3>it's it's honestly pretty predictable. I think the races still

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<v Speaker 3>are fun to watch, but American viewers, honestly, they do

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<v Speaker 3>have a point when they say, you know what you're

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<v Speaker 3>gonna get, even at the start of the race.

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<v Speaker 2>I mean, so I would recommend people watch Moto GP,

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<v Speaker 2>which is, in my opinion, you know, a lot more fun.

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<v Speaker 2>There's a lot more passing, you have a lot more

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<v Speaker 2>drama in the actual race rather than you know, drama

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<v Speaker 2>off the circuit, which I guess is what Formula one

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<v Speaker 2>is more about.

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<v Speaker 3>But oh, that's shady, that's very shady.

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<v Speaker 2>It's true though, right I mean, it's more about the

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<v Speaker 2>soap opera and oh well.

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<v Speaker 3>I think Total Wolf would disagree with you, but.

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<v Speaker 2>He is like number one promoter of the soap opera,

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<v Speaker 2>Toto and Christian Horner.

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<v Speaker 1>What are we gonna see around Formula one?

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<v Speaker 3>Like?

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<v Speaker 2>Are there gonna be people getting like five hundred thousand

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<v Speaker 2>dollars dinner reservations?

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<v Speaker 1>That's usually the story.

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<v Speaker 3>There's so much happening. The number one thing I'm actually

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<v Speaker 3>really excited to see is this sphere. It's this giant

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<v Speaker 3>orb that we've all been hearing about. That's a concert

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<v Speaker 3>space that you two has been performing at for the

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<v Speaker 3>past few weeks. It's a two point three billion dollar

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<v Speaker 3>arena with almost eighteen thousand seats, you know, owned by

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<v Speaker 3>James Dolan, who, of course New Yorkers will know owns

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<v Speaker 3>Madison Square Garden and a few other sports sporting teams

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<v Speaker 3>that I'm not gonna mention, but he's a polarizing figure

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<v Speaker 3>and this has really been a huge project. So during

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<v Speaker 3>Formula one, you don't actually have to watch you two

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<v Speaker 3>if you don't want to have the spirit. There are

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<v Speaker 3>other people performing there like Kylie Minou, Mark Ronson, Nile Rogers,

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<v Speaker 3>j Balvin. There's a host of people performing there, so

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<v Speaker 3>that's kind of like for me, I would love to

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<v Speaker 3>see a concert there. I just think it's gonna be

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<v Speaker 3>so cool.

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<v Speaker 2>Yeah, I cannot wait to see the sphere. I don't

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<v Speaker 2>even care if there's a concert there. I just want

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<v Speaker 2>to see what it looks like in real life if

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<v Speaker 2>I do see. I think it's interesting that Dolan said

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<v Speaker 2>he wants to make this the future and he's building

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<v Speaker 2>it for generations to come, and he puts the oldest

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<v Speaker 2>people he can think of on the stage, like, ye,

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<v Speaker 2>is there anyone older than you two? Like maybe Kylie Minogue.

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<v Speaker 2>So interesting stuff. All right, Let's get to Ford because

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<v Speaker 2>you have found out about a Bronco event that I

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<v Speaker 2>think is pretty interesting. And also, you know they just

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<v Speaker 2>finished the strike, so they're gonna be building Broncos again.

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<v Speaker 1>There's a lot going on surrounding the Big Blue Oval.

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<v Speaker 3>Yeah. So this experience that Bronco is opening up to

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<v Speaker 3>everybody and early November is called the Bronco Off Rodeo

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<v Speaker 3>Experience spelled road like the road, and it's basically it

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<v Speaker 3>was a nice perk that Ford gave people who bought

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<v Speaker 3>a new Bronco, which was a day of training, off

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<v Speaker 3>road training and one of four locations from Moab to

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<v Speaker 3>a place in Texas to outside Nevada, and there's one

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<v Speaker 3>in New Hampshire as well, and it was this complimentary

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<v Speaker 3>day of off road training, learning how to use the technology,

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<v Speaker 3>some safety courses, et cetera. So now Ford has, I

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<v Speaker 3>think wisely realized that other people might like to do

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<v Speaker 3>this too, and they have. They're going to open up

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<v Speaker 3>some reservations November second. It's going to cost a little

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<v Speaker 3>under eight hundred dollars for a half day of the

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<v Speaker 3>same type of instruction. It sounds a little expensive to me,

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<v Speaker 3>but the good thing is you don't even have to

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<v Speaker 3>bring your own car. They will provide the vehicle for you.

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<v Speaker 3>And that does include space for four people in the vehicle.

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<v Speaker 3>So when you break it out like right, and you

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<v Speaker 3>can switch drivers. So when you break it out like that,

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<v Speaker 3>it's kind of cool. Yeah, I think it sounds fun.

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<v Speaker 3>It's a good a good idea for them.

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<v Speaker 1>It doesn't sound too expensive to me.

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<v Speaker 2>I mean, I do a lot of track days, motorcycle

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<v Speaker 2>track days, and they're very inexpensive. If you bring your

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<v Speaker 2>own bike, if you want to use you know, the

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<v Speaker 2>manufacturer's bike or you know, the the event organizers bikes.

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<v Speaker 2>Then it's much more expensive because you know you're highly

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<v Speaker 2>likely to wreck it, and I guess the same thing

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<v Speaker 2>would be true with with off roading. I love the

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<v Speaker 2>Bronco and I think we've talked about this before. To me,

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<v Speaker 2>the design is just they nailed it. Yeah, And I

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<v Speaker 2>don't even hate the V six. You know, traditionally I

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<v Speaker 2>don't love the eco boost engines, but for some reason

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<v Speaker 2>I love the two point seven leader in the Bronco.

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<v Speaker 2>In terms of ford they have gone so whole hog

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<v Speaker 2>like against the V eight for the most part. Right,

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<v Speaker 2>they stopped making their big V eights and the Raptor,

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<v Speaker 2>and they put a an eco boost in it, and

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<v Speaker 2>they were going so forward into EVS that it was

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<v Speaker 2>costing them three billion dollars this year. Then they updated

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<v Speaker 2>those loss figures to say it was going to cost

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<v Speaker 2>them for and a half billion dollars just this year.

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<v Speaker 2>And now it seems like the demand for evs isn't there,

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<v Speaker 2>at least not at the level that they that everyone

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<v Speaker 2>thought it was going to be. So they're shifting back

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<v Speaker 2>towards more hybrid vehicles, which I think is the way

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<v Speaker 2>forward anyway. But Bill Ford also pointed out EV's are

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<v Speaker 2>getting truly politicized. It's almost like vaccine.

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<v Speaker 3>Yeah, it's really interesting. I was looking at some data

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<v Speaker 3>from Bloomberg Hyperdrive, which really focuses on electric vehicles, and

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<v Speaker 3>it made the point that this year EV's in the

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<v Speaker 3>US will comprise about ten percent of new car sales.

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<v Speaker 3>But ten states have already surpassed that benchmark, and all

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<v Speaker 3>of those ten states are Democratic states. So I think

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<v Speaker 3>that's really interesting exactly. I also, you know, it is

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<v Speaker 3>true that the Republican Party does tend to want to

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<v Speaker 3>repeal ev incentives. Contrastingly, Biden has said that he'd liked

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<v Speaker 3>half of all new vehicle sales to be electric by

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<v Speaker 3>the end of the decade, which I think seems a

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<v Speaker 3>bit optimistic.

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<v Speaker 2>So I and that's hard to square with wanting people

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<v Speaker 2>to keep their jobs. Well, yes, it just far fewer

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<v Speaker 2>people to build an electric drive train than it does

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<v Speaker 2>to build an ic email, of.

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<v Speaker 3>Course, and that that was a real sticking point with

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<v Speaker 3>some of the strikes that we've seen at Ford. And

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<v Speaker 3>now that Ford has agreed to a twenty five percent

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<v Speaker 3>increase in wages, it's going to make it even more

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<v Speaker 3>difficult for that company to eke out some profits. And

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<v Speaker 3>I was going to say, you know, the other thing

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<v Speaker 3>I think about this though, is yes, EV's are political,

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<v Speaker 3>but also I don't think the automakers like Ford and

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<v Speaker 3>General Motors can just rely on that as an excuse

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<v Speaker 3>for not making evs, because the truth is electrifying big

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<v Speaker 3>pickup trucks is very difficult. They're very big, they weigh

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<v Speaker 3>a ton, and to keep those prices competitive. It's honestly,

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<v Speaker 3>I think it's they're finding it's very difficult. They're having

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<v Speaker 3>supply chain issues as well.

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<v Speaker 1>Good point.

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<v Speaker 3>So it's yes, they are political, and yes it's fair

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<v Speaker 3>to say that some people may not want an electric vehicle,

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<v Speaker 3>but I don't think that's the only reason that they're

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<v Speaker 3>walking back their target.

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<v Speaker 2>But they're using this as an excuse, like when retailer

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<v Speaker 2>says we didn't sell enough jackets because of the weather.

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<v Speaker 3>Yeah, yeah, a little bit.

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<v Speaker 1>It's a little bit tired. I think it's interesting.

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<v Speaker 2>I spent a lot of time on forums, you know,

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<v Speaker 2>car forums like Beamer Post and Challenger Talk and Docotti

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<v Speaker 2>dot ms and stuff. All of the ic old guys

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<v Speaker 2>are so against evs. It almost does feel like a

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<v Speaker 2>vaccine thing, Like they're starting to accuse evs of being

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<v Speaker 2>planted by Bill Gates or listening to what you do

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<v Speaker 2>after work, and I think that's a load of bs. Well,

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<v Speaker 2>we have to all be able to agree that it's

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<v Speaker 2>a great propulsion system to get you from A to

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<v Speaker 2>B works really well and if you want to go fast,

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<v Speaker 2>EV's really are an incredibly efficient way to do that. Now,

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<v Speaker 2>on the other hand, I feel like the infrastructure is

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<v Speaker 2>not there yet, and we are going to have to

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<v Speaker 2>pay a lot, as you know, a country if we

0:12:32.280 --> 0:12:35.360
<v Speaker 2>want to get to a competitive position with other countries

0:12:35.360 --> 0:12:37.560
<v Speaker 2>like China. So if that's important to us, you know,

0:12:37.679 --> 0:12:40.200
<v Speaker 2>maybe we take that on as a goal. If it's not,

0:12:40.280 --> 0:12:42.040
<v Speaker 2>I think hybrids are are a really good way.

0:12:42.720 --> 0:12:44.960
<v Speaker 3>Or you love your hybrids. I mean I really was

0:12:44.960 --> 0:12:47.480
<v Speaker 3>thinking about that last week, your love for hybrids, because

0:12:47.559 --> 0:12:50.000
<v Speaker 3>I think just they're like a bit of a band aid.

0:12:50.320 --> 0:12:52.280
<v Speaker 3>But you did make a good point that if you

0:12:52.320 --> 0:12:55.000
<v Speaker 3>really keep it charged, it could be worth.

0:12:54.840 --> 0:12:57.480
<v Speaker 2>It, yeah, because you know, you can just drive around

0:12:57.559 --> 0:13:00.480
<v Speaker 2>town doing your little errands that for which you use

0:13:00.559 --> 0:13:04.120
<v Speaker 2>the car most often on ev power, and then when

0:13:04.120 --> 0:13:05.920
<v Speaker 2>you're going on a long trip you can stretch out

0:13:05.960 --> 0:13:08.760
<v Speaker 2>your legs with the gas engine. I mean, obviously they

0:13:08.760 --> 0:13:10.880
<v Speaker 2>are going to be good hybrids and bad hybrids. Sure.

0:13:11.080 --> 0:13:12.520
<v Speaker 1>I just think if you go full.

0:13:12.400 --> 0:13:14.800
<v Speaker 2>B EV, there just aren't a lot of people who

0:13:14.840 --> 0:13:18.240
<v Speaker 2>want one, and almost no one can afford one. So

0:13:19.040 --> 0:13:20.720
<v Speaker 2>I know that we want to be competitive and we

0:13:20.800 --> 0:13:22.760
<v Speaker 2>need to keep our eye on that ball as well.

0:13:22.800 --> 0:13:33.720
<v Speaker 2>But it's an interesting topic, it's an interesting debate. Let's

0:13:33.760 --> 0:13:36.680
<v Speaker 2>get to speaking of hybrids. Number three on my list

0:13:36.679 --> 0:13:39.079
<v Speaker 2>of things to talk about today. That's the BMWXM. We

0:13:39.160 --> 0:13:41.880
<v Speaker 2>touched on it last time, but you hadn't really spent

0:13:41.920 --> 0:13:43.640
<v Speaker 2>a lot of time with it, and I really want

0:13:43.640 --> 0:13:47.839
<v Speaker 2>to know, you know, beyond the ugly headliner, which I

0:13:47.880 --> 0:13:49.840
<v Speaker 2>think we can all agree on, what the hell are

0:13:49.840 --> 0:13:50.320
<v Speaker 2>they thinking?

0:13:50.480 --> 0:13:51.880
<v Speaker 1>What do you think about the XM.

0:13:52.120 --> 0:13:56.880
<v Speaker 3>I think it is very Obviously it's very powerful. This

0:13:56.960 --> 0:14:01.160
<v Speaker 3>is the most powerful sub we've had from BMW. It

0:14:01.280 --> 0:14:05.680
<v Speaker 3>does have a lot of space. It's longer than the

0:14:05.720 --> 0:14:09.600
<v Speaker 3>g Wagon, it's wider than an Audi Q eight. It

0:14:09.720 --> 0:14:12.840
<v Speaker 3>does offer a lot of space for those of us

0:14:12.880 --> 0:14:17.640
<v Speaker 3>who are taller. I do love that curved screen on

0:14:17.720 --> 0:14:21.160
<v Speaker 3>the dashboard that is basically two twelve inch screens under

0:14:21.160 --> 0:14:23.880
<v Speaker 3>a single pane of glass. It's very beautiful. It does

0:14:23.920 --> 0:14:26.680
<v Speaker 3>resist sticky fingers, and Claire and I did eat some

0:14:26.760 --> 0:14:29.840
<v Speaker 3>cheetohs and you know, do my best on those. So

0:14:29.920 --> 0:14:34.320
<v Speaker 3>those are those are some nice points. I still think

0:14:34.400 --> 0:14:39.920
<v Speaker 3>that it just it drives in an unsophisticated manner. You know.

0:14:40.040 --> 0:14:44.080
<v Speaker 3>It's it's incredibly jerky. I know. I think if they

0:14:44.120 --> 0:14:49.400
<v Speaker 3>had had perhaps an air suspension instead of a coil setup,

0:14:49.520 --> 0:14:52.000
<v Speaker 3>that might have helped a little bit. I'm not an engineer,

0:14:52.000 --> 0:14:55.120
<v Speaker 3>but I at least know that, uh, that might have helped.

0:14:55.520 --> 0:15:00.000
<v Speaker 3>It just feels unsophisticated to drive. The steering is not elegant.

0:15:01.480 --> 0:15:04.080
<v Speaker 3>I don't know, matt Am I head I totally agree.

0:15:03.840 --> 0:15:04.720
<v Speaker 1>With everything you're saying.

0:15:04.960 --> 0:15:07.000
<v Speaker 2>As soon as I drove it out of the garage

0:15:07.000 --> 0:15:10.000
<v Speaker 2>and Chelsea, when I spend a week with it, I thought,

0:15:10.040 --> 0:15:13.880
<v Speaker 2>I can't believe. This feels like they haven't finished it. It

0:15:13.880 --> 0:15:17.000
<v Speaker 2>feels like a pre question vehicle. Yes, you know, and

0:15:17.920 --> 0:15:19.640
<v Speaker 2>I thought maybe they rushed to get it out, but

0:15:19.720 --> 0:15:22.440
<v Speaker 2>why because I hadn't hadn't really heard much about it,

0:15:23.120 --> 0:15:25.040
<v Speaker 2>you know, in sort of mainstream media.

0:15:25.640 --> 0:15:27.720
<v Speaker 1>It is a jerky.

0:15:27.560 --> 0:15:30.040
<v Speaker 2>I think the transmission has all kinds of issues, which

0:15:30.080 --> 0:15:32.080
<v Speaker 2>a lot of these, you know, a lot of these hybrids.

0:15:32.160 --> 0:15:33.040
<v Speaker 1>That's really a down.

0:15:33.520 --> 0:15:36.480
<v Speaker 2>Uh, that's really a minus point for some of the hybrids,

0:15:36.520 --> 0:15:38.440
<v Speaker 2>like the Jeep four by E.

0:15:38.720 --> 0:15:39.720
<v Speaker 1>It has the same tests.

0:15:39.960 --> 0:15:42.400
<v Speaker 3>And by the way, I when people saw on social

0:15:42.440 --> 0:15:45.800
<v Speaker 3>media that I was driving this, I got unsolicited multiple

0:15:45.840 --> 0:15:49.120
<v Speaker 3>people already riding in saying they were having issues with it,

0:15:49.160 --> 0:15:51.080
<v Speaker 3>which is not a good thing because it hasn't been

0:15:51.120 --> 0:15:51.920
<v Speaker 3>out that long either.

0:15:52.200 --> 0:15:54.480
<v Speaker 2>Yeah, I know, I agree with all those points. I

0:15:54.520 --> 0:15:57.040
<v Speaker 2>think it's cool in terms of design, but a lot

0:15:57.080 --> 0:15:58.240
<v Speaker 2>of people obviously hate it.

0:15:58.600 --> 0:15:58.800
<v Speaker 3>Yeah.

0:15:58.880 --> 0:16:02.800
<v Speaker 2>I like the throwback ms that they put on are

0:16:02.800 --> 0:16:06.280
<v Speaker 2>the BMW logos that they put on each corner of

0:16:06.360 --> 0:16:07.600
<v Speaker 2>the windshield in the back.

0:16:08.760 --> 0:16:11.560
<v Speaker 1>I like it so big because I'm so big, you know.

0:16:12.080 --> 0:16:15.960
<v Speaker 3>I think you use the term brutalist last week, which

0:16:15.960 --> 0:16:18.680
<v Speaker 3>I thought was very charitable of you. I really tried

0:16:18.720 --> 0:16:20.800
<v Speaker 3>to keep that in mind when I looked at it.

0:16:22.040 --> 0:16:26.160
<v Speaker 3>I think it might be a touch heavy handed in general,

0:16:26.200 --> 0:16:28.040
<v Speaker 3>but brutalist is a nice way to put it.

0:16:28.120 --> 0:16:30.160
<v Speaker 1>Yeah, I could see that, you know.

0:16:30.280 --> 0:16:33.160
<v Speaker 3>I will say also about the XM, and I really

0:16:33.160 --> 0:16:37.280
<v Speaker 3>don't know why, but somehow it's designed where it's really

0:16:37.400 --> 0:16:40.840
<v Speaker 3>difficult to sense where in space you are when you

0:16:40.920 --> 0:16:43.320
<v Speaker 3>park it. I don't know if you experienced that too,

0:16:43.520 --> 0:16:45.480
<v Speaker 3>And I don't think it's just a function of the

0:16:45.520 --> 0:16:49.120
<v Speaker 3>size or my inability to park, because I think park

0:16:49.200 --> 0:16:52.200
<v Speaker 3>other big things. There's something about it that I would

0:16:52.200 --> 0:16:54.560
<v Speaker 3>pull into the curb thinking I'm very close and I've

0:16:54.600 --> 0:16:57.200
<v Speaker 3>still got, like you know, twelve or sixteen inches I

0:16:57.200 --> 0:16:58.120
<v Speaker 3>got in and out of it.

0:16:58.280 --> 0:17:00.800
<v Speaker 2>I will admit that that's a problem I have in

0:17:00.920 --> 0:17:03.080
<v Speaker 2>any car, like I have that problem in Mini Cooper.

0:17:03.520 --> 0:17:06.679
<v Speaker 2>I'm horrible at parking, which is why I'm so happy

0:17:06.680 --> 0:17:10.400
<v Speaker 2>to be back in America, in Westchester, where you could

0:17:10.400 --> 0:17:13.199
<v Speaker 2>put a dump truck in the parking spaces that we

0:17:13.320 --> 0:17:14.360
<v Speaker 2>have compared.

0:17:14.000 --> 0:17:16.080
<v Speaker 1>To what I lived with in Germany for years and years.

0:17:17.160 --> 0:17:20.280
<v Speaker 2>I'm not good at parking, yeah, but so I didn't

0:17:20.320 --> 0:17:21.639
<v Speaker 2>really notice that because I'm bad at it.

0:17:21.680 --> 0:17:24.320
<v Speaker 1>With everything. I will say that this.

0:17:24.320 --> 0:17:28.040
<v Speaker 2>Week, I'm driving a truck that I think no one

0:17:28.200 --> 0:17:31.840
<v Speaker 2>is cross shopping with, the BMWXM. But it's so much

0:17:31.920 --> 0:17:35.720
<v Speaker 2>better and for so much less, even though I'm driving

0:17:35.720 --> 0:17:41.400
<v Speaker 2>the Dodge Durango Hellcat. Right, it's a three row kind

0:17:41.400 --> 0:17:45.560
<v Speaker 2>of grocery getter. It's a dad car, you know, but

0:17:45.720 --> 0:17:50.200
<v Speaker 2>it's got one of the greatest power plants ever invented

0:17:50.720 --> 0:17:53.520
<v Speaker 2>in front of it, Like the Supercharge six point two

0:17:53.560 --> 0:17:58.399
<v Speaker 2>liter V eight from Dodge is just a slice of heaven.

0:17:58.560 --> 0:18:01.359
<v Speaker 2>I mean, there's so many things I don't really like

0:18:01.400 --> 0:18:04.159
<v Speaker 2>about the Durrango. It's not terribly comfortable, the seats are

0:18:04.240 --> 0:18:07.800
<v Speaker 2>much smaller than in like the Challenger or the Charger.

0:18:09.480 --> 0:18:12.560
<v Speaker 1>You know, I don't love the layout of the gauges.

0:18:13.160 --> 0:18:16.919
<v Speaker 2>And even though the entfotainment system's okay, it's not anything

0:18:16.920 --> 0:18:21.120
<v Speaker 2>to write home about. But even if I disliked more

0:18:21.160 --> 0:18:26.080
<v Speaker 2>things about the Challenger, the engine outweighs all of those concerns,

0:18:26.160 --> 0:18:30.679
<v Speaker 2>Like it's just so effortless when you touch the pedal,

0:18:30.720 --> 0:18:31.720
<v Speaker 2>and it's addictive.

0:18:31.840 --> 0:18:33.800
<v Speaker 1>I mean, the way the power comes on.

0:18:34.040 --> 0:18:39.800
<v Speaker 2>Is just intoxicating. And it's I think, so much better

0:18:39.800 --> 0:18:43.720
<v Speaker 2>than the Challenger or the Charger hell Cat because it's

0:18:43.720 --> 0:18:47.480
<v Speaker 2>got all wheel drive, right that motor. With just rear

0:18:47.520 --> 0:18:50.480
<v Speaker 2>wheel drive, you're spinning your tires all day long. But

0:18:50.520 --> 0:18:52.680
<v Speaker 2>when you put a four wheel drive system on it,

0:18:52.680 --> 0:18:59.720
<v Speaker 2>it's just unbelievably good. So and it's expensive for a Durrango, right,

0:19:00.240 --> 0:19:03.879
<v Speaker 2>like ninety thousand dollars out of the box, but and

0:19:04.160 --> 0:19:06.679
<v Speaker 2>over one hundred the one I'm driving. But it's nothing

0:19:06.720 --> 0:19:08.879
<v Speaker 2>near the one hundred and fifty six. I think the

0:19:08.920 --> 0:19:12.000
<v Speaker 2>bmwxim starts for one fifty six, starts.

0:19:11.600 --> 0:19:15.440
<v Speaker 3>There and goes up from there. And I'm curious now

0:19:15.440 --> 0:19:18.040
<v Speaker 3>because I see that this is climbing seven hundred and

0:19:18.080 --> 0:19:22.680
<v Speaker 3>ten horsepower on this Dodge, which is more than the BMW. Yes,

0:19:22.840 --> 0:19:25.440
<v Speaker 3>so that I mean, okay, I'd like to get behind

0:19:25.440 --> 0:19:25.840
<v Speaker 3>the wheel.

0:19:25.880 --> 0:19:28.040
<v Speaker 2>It's just one sounds cool. It's one more reason that

0:19:28.080 --> 0:19:31.400
<v Speaker 2>BMW missed the mark. Yeah, well why say it's our

0:19:31.400 --> 0:19:34.840
<v Speaker 2>most powerful car ever? And talking right about the power

0:19:34.840 --> 0:19:39.280
<v Speaker 2>when you detuned the motor, you know, why not go

0:19:39.480 --> 0:19:41.760
<v Speaker 2>over seven hundred which seems to be the level that

0:19:42.000 --> 0:19:44.680
<v Speaker 2>you know, that's the raptor TRX level. And I feel

0:19:44.720 --> 0:19:46.960
<v Speaker 2>like they could have done that. Every time I see

0:19:46.960 --> 0:19:49.800
<v Speaker 2>a super expensive foreign car now on the road and

0:19:49.840 --> 0:19:53.280
<v Speaker 2>I'm driving this Durango, I'm like, yes, American superchargers.

0:19:53.800 --> 0:19:56.720
<v Speaker 3>Well, I should say, in BMW's defense, they are coming

0:19:56.760 --> 0:20:00.280
<v Speaker 3>out with a special XM label version that they say

0:20:00.320 --> 0:20:03.760
<v Speaker 3>they'll be delivering in November and we'll have over seven

0:20:03.840 --> 0:20:06.280
<v Speaker 3>hundred horsepower, and of course that starts at about one

0:20:06.320 --> 0:20:09.760
<v Speaker 3>hundred and ninety thousand. Wow, So there's so maybe they

0:20:10.040 --> 0:20:12.800
<v Speaker 3>sort of, you know, they should have launched that suitor,

0:20:13.040 --> 0:20:15.920
<v Speaker 3>so we'd be talking about that because that seems quite

0:20:15.960 --> 0:20:16.240
<v Speaker 3>a lot.

0:20:16.400 --> 0:20:20.359
<v Speaker 2>That's also the supercharger in the Durango makes me wonder

0:20:20.400 --> 0:20:24.160
<v Speaker 2>about the turbos and BMW and pretty much every other car,

0:20:24.280 --> 0:20:27.040
<v Speaker 2>especially European. Why do you think they all European and

0:20:27.119 --> 0:20:31.159
<v Speaker 2>Japanese went turbos and Americans stuck to superchargers, Like why

0:20:31.200 --> 0:20:35.120
<v Speaker 2>would you not want the power low down from a supercharger.

0:20:35.160 --> 0:20:37.400
<v Speaker 2>I feel like it's the best way to force induction.

0:20:37.880 --> 0:20:42.320
<v Speaker 3>I think that's a case of straight roads versus curby roads.

0:20:42.840 --> 0:20:47.119
<v Speaker 3>And when you're on I know this, when you're on curves,

0:20:47.280 --> 0:20:51.560
<v Speaker 3>you can really really utilize the turbo boost and it

0:20:51.600 --> 0:20:54.840
<v Speaker 3>feels incredible when you're driving, like up in the hills

0:20:54.920 --> 0:20:56.919
<v Speaker 3>up Angelee's Cress, if you really know how to use

0:20:56.960 --> 0:21:01.040
<v Speaker 3>it well. And I've driven and been with driver who

0:21:01.160 --> 0:21:04.760
<v Speaker 3>use it incredibly to their advantage and it's amazing. And

0:21:04.840 --> 0:21:07.520
<v Speaker 3>I don't know if you would get the same feel

0:21:07.880 --> 0:21:12.320
<v Speaker 3>from a supercharger. I tend to think American cars were

0:21:12.359 --> 0:21:17.080
<v Speaker 3>based on straight, open highways and European and Asian cars

0:21:17.240 --> 0:21:20.399
<v Speaker 3>were based on you know, tighter, smaller, curvier roads.

0:21:20.400 --> 0:21:22.760
<v Speaker 1>You're probably right, that's my theory. The turbo chargers.

0:21:22.800 --> 0:21:26.480
<v Speaker 2>Maybe there's more sophistication there, and maybe there's a learning curve,

0:21:26.960 --> 0:21:29.919
<v Speaker 2>Like Americans just want to get into a supercharged truck

0:21:29.960 --> 0:21:31.880
<v Speaker 2>and be able to stomp the pedal, and we care

0:21:31.920 --> 0:21:34.879
<v Speaker 2>about the quarter mile. That's why the nine point thirty

0:21:35.040 --> 0:21:37.080
<v Speaker 2>was like the widow Maker. When any American got behind

0:21:37.080 --> 0:21:38.560
<v Speaker 2>the wheel right, they wreck, which.

0:21:38.480 --> 0:21:43.399
<v Speaker 3>I think is a total, total misnomer. That to me

0:21:43.560 --> 0:21:46.840
<v Speaker 3>was a case of wealthy men getting behind the wheel

0:21:46.960 --> 0:21:49.960
<v Speaker 3>not understanding how to drive that thing properly. Because when

0:21:50.040 --> 0:21:53.199
<v Speaker 3>driven properly, it's a beautiful car. You just need to

0:21:53.200 --> 0:21:56.200
<v Speaker 3>know what you're dealing with. That's my soapbox.

0:21:56.320 --> 0:21:58.080
<v Speaker 1>You're probably right, by the way. I don't know. This

0:21:58.160 --> 0:22:00.000
<v Speaker 1>wasn't listed as a topic, but I saw my first

0:22:00.080 --> 0:22:01.080
<v Speaker 1>wreck this morning.

0:22:00.800 --> 0:22:02.720
<v Speaker 3>And I was, oh, no, tell you what.

0:22:02.760 --> 0:22:04.960
<v Speaker 2>I always missed them, and it makes me so mad

0:22:05.000 --> 0:22:07.520
<v Speaker 2>when I see someone pulled over off the Henry Hudson.

0:22:07.840 --> 0:22:10.320
<v Speaker 2>But today I was trying to execute what we call

0:22:10.400 --> 0:22:13.600
<v Speaker 2>the Jersey Jump, which is, you know, everybody's like in

0:22:13.680 --> 0:22:16.920
<v Speaker 2>the right lane for an exit, and I sneak up

0:22:17.080 --> 0:22:19.399
<v Speaker 2>me and everybody from New Jersey and iro y right.

0:22:19.440 --> 0:22:21.480
<v Speaker 2>We sneak up on the left and then cut in

0:22:21.520 --> 0:22:24.119
<v Speaker 2>at the very last minute, making the people in the

0:22:24.160 --> 0:22:26.359
<v Speaker 2>right lane have it wait longer. So I'm trying to

0:22:26.400 --> 0:22:29.199
<v Speaker 2>execute that move, and there's a guy in like alexis

0:22:29.840 --> 0:22:32.960
<v Speaker 2>two point fifty next to me, and he's left a gap,

0:22:33.000 --> 0:22:35.320
<v Speaker 2>so I'm going to go in there right in between

0:22:35.440 --> 0:22:37.800
<v Speaker 2>him and the Cherokee in front of me. But he

0:22:37.960 --> 0:22:40.080
<v Speaker 2>sees that I'm trying to take it and he puts

0:22:40.119 --> 0:22:42.120
<v Speaker 2>his foot on the gas. I pulled back to the right,

0:22:42.160 --> 0:22:43.879
<v Speaker 2>like okay, buddy, I see you're not gonna let me in.

0:22:44.200 --> 0:22:46.920
<v Speaker 2>But he acceleeried so hard he slams into the grand

0:22:47.000 --> 0:22:48.000
<v Speaker 2>Cherokee in front of him.

0:22:48.280 --> 0:22:52.080
<v Speaker 3>No, And I was like, yes, oh that's wonderful. Not

0:22:52.160 --> 0:22:54.359
<v Speaker 3>your fault, not your fault. No, no, I mean no

0:22:54.640 --> 0:22:56.440
<v Speaker 3>that Nope. Did they get out of the car.

0:22:57.040 --> 0:23:01.600
<v Speaker 2>The jeep pulled over to like stop and talk exchange information,

0:23:02.040 --> 0:23:03.840
<v Speaker 2>and the guy in the Lexus was like either so

0:23:03.960 --> 0:23:06.800
<v Speaker 2>angry or so embarrassed or both that he just kept

0:23:06.880 --> 0:23:08.120
<v Speaker 2>driving and like took off.

0:23:08.119 --> 0:23:10.440
<v Speaker 1>But don't worry. I took down his plate number and

0:23:10.680 --> 0:23:11.720
<v Speaker 1>sayone needs Do.

0:23:11.720 --> 0:23:13.760
<v Speaker 3>You want to read it, read it online or read

0:23:13.760 --> 0:23:14.040
<v Speaker 3>it out?

0:23:14.440 --> 0:23:16.479
<v Speaker 1>Just waiting for someone to call me to be a witness.

0:23:16.680 --> 0:23:19.920
<v Speaker 2>Yeah, I think that's probably enough for the podcast, right,

0:23:20.280 --> 0:23:21.119
<v Speaker 2>we can wrap it up.

0:23:21.200 --> 0:23:22.600
<v Speaker 1>Do you have anything cool coming up?

0:23:22.880 --> 0:23:24.640
<v Speaker 3>You know what I'm doing tonight. I'm gonna go see

0:23:24.640 --> 0:23:28.280
<v Speaker 3>Guns and Roses at Hollywood Ball. I've never I've literally

0:23:28.359 --> 0:23:33.080
<v Speaker 3>never seen them. My expectations are not high. And I

0:23:33.119 --> 0:23:35.000
<v Speaker 3>don't mean that in a shady way. I just mean

0:23:35.040 --> 0:23:36.960
<v Speaker 3>I've I know, I've never seen him, and I know

0:23:37.000 --> 0:23:38.160
<v Speaker 3>they're getting to be.

0:23:38.160 --> 0:23:41.440
<v Speaker 2>Elderly, yeah, dude. And also the singing that he does

0:23:41.520 --> 0:23:44.359
<v Speaker 2>is hard. Yeah, that's not easy on vocal cords, you know.

0:23:44.440 --> 0:23:44.720
<v Speaker 1>Yeah.

0:23:44.840 --> 0:23:46.800
<v Speaker 3>Black Keys are opening for them, though, so that should

0:23:46.800 --> 0:23:47.160
<v Speaker 3>be fun.

0:23:47.440 --> 0:23:51.840
<v Speaker 2>I have seen GNR three times, okay, like once a decade,

0:23:51.880 --> 0:23:55.080
<v Speaker 2>for the past thirty years, and I'd say that the

0:23:55.200 --> 0:23:57.800
<v Speaker 2>first and the third time we're the best.

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<v Speaker 1>I think.

0:23:58.240 --> 0:24:01.159
<v Speaker 2>Okay, actual, like on a good he'll impress you, but

0:24:01.240 --> 0:24:03.800
<v Speaker 2>keep your expectations low, so that's okay, so that you

0:24:03.800 --> 0:24:04.280
<v Speaker 2>can beat it.

0:24:04.320 --> 0:24:06.040
<v Speaker 3>I will give you a full report.

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<v Speaker 1>That does it for the podcast this week.

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<v Speaker 2>I want listeners to know you can tune into my

0:24:14.119 --> 0:24:18.560
<v Speaker 2>radio show every weekday from ten am to one pm.

0:24:18.600 --> 0:24:20.600
<v Speaker 2>You can watch me on Bloomberg TV from one pm

0:24:20.640 --> 0:24:24.359
<v Speaker 2>to two pm most weekdays as well. And I'm on

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<v Speaker 2>Instagram at Matt Miller nineteen seventy three, and.

0:24:27.040 --> 0:24:30.199
<v Speaker 3>You can find me on Bloomberg Pursuits on Bloomberg dot com.

0:24:30.240 --> 0:24:32.480
<v Speaker 3>Sometimes they go on mass radio so to talk to him.

0:24:32.560 --> 0:24:35.360
<v Speaker 3>And you can find me online on Instagram at Hannah

0:24:35.400 --> 0:24:36.240
<v Speaker 3>Elliott XO.

0:24:36.680 --> 0:24:39.360
<v Speaker 2>We'll be back, same time, same place next week. I'm

0:24:39.400 --> 0:24:40.000
<v Speaker 2>Matt Miller

0:24:40.240 --> 0:24:42.879
<v Speaker 3>And I'm Hannah Elliott, and this is Bloomberg