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December 19, 2025 • 47 mins

We dive into the news that Ford is planning a sweeping overhaul of its electric vehicle business, canceling a planned electric F-Series truck among other moves. Plus Hannah got behind the wheel of the new Ferrari Amalfi and rubbed shoulders with some company bigwigs during her recent trip to Portugal. She came back with stories!

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Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, radio News. I'm Hannah Elliott and
I'm Matt Miller.

Speaker 2 (00:11):
This is Hot Pursuit. Coming up on today's podcast, I'm
going to.

Speaker 1 (00:20):
Tell you about the Ferrari I drove this week in Portugal.
It's the Ferrari i'mfi.

Speaker 2 (00:25):
But first we talk about Ford's nineteen point five billion
dollar right down in a pivot away from EV's and this, Hannah,
was an absolutely massive stories you can imagine this week,
and like it says a lot about not just what's
going on at Ford, but what's going on in the

(00:46):
Western hemisphere really or in the northern hemisphere because we've
had the US and now the EU pullback from stricter
car regulations.

Speaker 1 (00:58):
Yeah, and I think you Jim Farley, the CEO of Ford,
on your show, that's an amazing geit. And basically the
news is that Ford's gonna take what a twenty million.

Speaker 2 (01:09):
Dollar hit twenty billion dollar, sorry.

Speaker 1 (01:11):
Twenty billion dollars to not make the evs that it
had struggled to make profitable for years. Yeah. That does
that encapsulate it? Basically, I mean.

Speaker 2 (01:20):
There's a lot of it's a multifaceted story. So as
everyone knows. Ford has been losing billions on EV's already,
Like the first light year it was a couple billion,
and then it was four billion, and then it was
five billion, and yeah, the Ford F one fifty Lightning
is their biggest money loser, the pickup truck that's all electric.

(01:41):
But they lose money on the Macke, the Mustang mock
E as well everyone they sell. So they've taken this
huge right down to cover a battery business that they
were working on with sk One in uh Kentucky. And
you know the big new plant, blue Ovale City that
they've built in Tennessee for their next generation pickup truck,

(02:03):
the T three. That's the interior internal code name pickup truck.
And I was I have to say, I was pretty
excited for the next generation pickup truck. Jim finally once
said it's going to be like the Millennium Falcon with
a back porch on it.

Speaker 1 (02:21):
I don't I'm speechless. I don't even know what that means.
I mean, that's kind of mind blowing.

Speaker 2 (02:28):
Yeah, I mean I thought it was very very cool.
I don't know what that means either, but you know.

Speaker 1 (02:34):
It's descriptive but also not descriptive.

Speaker 2 (02:36):
I want a Millennium falcon with a back porch on
it and whatever. It just sounded so cool.

Speaker 1 (02:43):
It sounds like it's from spinal tap.

Speaker 2 (02:44):
Yeah. So initially when I heard this news, I was
I was bummed out because I thought, because you like
the lightning, right, I Well, I liked the lightning, and
I love the Ford Motor Company. I've been covering them
for decades. One of my favorite vehicles I've ever owned,

(03:05):
my F one fifty Raptor. I picked up at the
rouge at the truck plant in Dearborn and I got
the keys from Alan Molalley and Bill Ford, who drove Wow,
drove it out to me. So I care a lot
and I always want to see, hear about and see
new products. So I was bummed at first, But then

(03:26):
I started thinking, what are they going to make at
Blue Oval City in Tennessee? And the company hasn't been
too clear. They never want to tell me all that
they know about new products, and I'm not sure they
know exactly what it's going to be either. But they
did say that they're going to build another truck there,
but not the same truck as the F one fifty. Yeah.

Speaker 1 (03:50):
So a completely new platform.

Speaker 2 (03:52):
I mean, the sky's the limit as far as my
imagination is concerned.

Speaker 1 (03:56):
Right, Well, we know that, we know that to be true.

Speaker 2 (03:59):
It's going to be a gas powered truck. It's going
to be a combustion engine. Now it could have it
could be some sort of hybrid. They could put a
battery somewhere in there.

Speaker 1 (04:07):
Yeah, I see that their plan is not pivoting away
from hybrids. Yeah, I mean, you're not gonna throw out
the baby with the bath wam. No.

Speaker 2 (04:13):
And they still they'll still probably they'll still make EV's
for sure. They may even still make one battery electric vehicles,
like maybe they'll still make the Mustang mock e right,
but most of their power trains will be will shift
towards hybrids and e revs. As you know, because Jim
Farley's been on this podcast before, he's very excited about

(04:34):
e revs, which is, you know, a battery powered vehicle
with an onboard gas generator essentially.

Speaker 1 (04:40):
Yeah, and there are performance applications for that for sure.
It it basically helps make acceleration more seamless.

Speaker 2 (04:50):
Yeah, like we have an era.

Speaker 1 (04:52):
Exactly a straight line of torque. It's great. And also
you don't have to plug in if you don't want to, right.

Speaker 2 (04:56):
Or and the Porsche that you drove the I've actually
driven that to the GTS, right, it's got to like
an electric part of the turbocharger.

Speaker 1 (05:06):
Yeah, and you can't really tell when it's switching between
the electric power and the internal combustion. You know, it's
it's very seamless.

Speaker 2 (05:13):
Yeah, so it it can be awesome basically as the
bottom line for hybrids and you know e revs. I
know Jim is super excited about that, but I started
thinking about the fact that they could go back to
basics in some ways with their trucks. Now I looked,
I looked it up. The F one fifty or the
F series itself has been made since nineteen forty.

Speaker 1 (05:36):
Eight, and the that's amazing.

Speaker 2 (05:38):
And yes, and in terms of brand awareness, I have
to think that an F series pickup truck is up
there with like Coca Cola and Levi's like it is
absolutely yes, yes, but uh, the F one fifty is
has only been around since nineteen seventy five because they
used to have like the F one two three and

(05:58):
then they had the F one hundred the FU So
I mean it's just like it is trucks. But it
would be cool if they made something that was back
to basics, because I know a lot of small businesses
or contractors, you know, they want this new truck, but
it's all aluminum, right, the aluminum body, and if it breaks,

(06:21):
they want for lightweight. No no, no, I mean Ford sells
the truck. It's it's an illuminum body. They all are
aluminum body.

Speaker 1 (06:27):
Okay, so they're saying, keep it, keep it, we don't
want to lose that.

Speaker 2 (06:30):
Well, Ford is still going to keep that at Okay,
they'll make that at Kansas City, they'll make that at Deerborn,
they'll make that where they make the F one fifty.
But contractors and small businesses, when they go to repair
a body panel that's aluminum, they realize, oh, this is
very expensive, and shops are like, we don't have the
expertise or the gear to do that. So and Ford

(06:53):
has had trouble with its aluminum plant, right they had
that huge fire that's cost like billions essentially, And so
I was like, man, maybe they go back to an
all steal to a steel bodied truck.

Speaker 1 (07:07):
Okay.

Speaker 2 (07:08):
I think that would just be so cool. It's retro.
You know, it's it's hardcore, it's.

Speaker 1 (07:15):
Spilt four toughs ultra heavy.

Speaker 2 (07:18):
Yeah, true, right, But they all were before like whenever
this generation was announced in like twenty fifteen, right before that,
they were steel body trucks, so you don't have to
go back that far. And then they're much easier to repair.
You could repair it yourself, you know, you and Magnus
could put like louvers in the hood or do whatever

(07:40):
you want to.

Speaker 1 (07:40):
Do to it. You should see what my dad did
to his f one fifty. I want to say it
was a late seventies maybe seventy nine f one fifty
he did. He did a lot of crazy things too.

Speaker 2 (07:52):
Yeah, you could eat in your house, you could weld
your panels together, you know, and for better or worse.
And then then I started thinking, what if they bring
back like the six point two liter V eight, the
one that was in the first generation Raptors, you know,
I mean it wasn't.

Speaker 1 (08:08):
It's gonna ask about that. Not to cut you off,
but where does the whole off roading segment fall into
play here? Because we know Jim Farley loves a race, yeah,
and we know he wants to go for some off
roading titles. We know Ford's going to be jumping into
F one in twenty twenty six, not as a full team,

(08:30):
but they're going to be supplying engines.

Speaker 2 (08:34):
I mean, it's a great question.

Speaker 1 (08:35):
So how does that all figure into it?

Speaker 2 (08:39):
I'm not sure how much that figures into this specific announcement.
And by the way, I haven't even gotten to probably
the most interesting part for most people, the most interesting
part for Wall Street. But but on off road, I
don't know, because you want the lightness of aluminum, right, Yeah,
but if you're in the Dekar like you probably want
to be able to repair it yourself in the desert.

Speaker 1 (09:01):
And I admit I do not know the ins and
outs of this, of this rabbit trail we're on to know.

Speaker 2 (09:07):
I don't know either, and I don't think we're gonna
find out what they're gonna make there for it.

Speaker 1 (09:11):
But it's really I would definitely say just this conversation
alone makes Ford really an interesting company to watch for
twenty twenty six.

Speaker 2 (09:19):
Yeah, for sure. And the most the most interesting thing
in terms of an investor, or, in terms of just
a you know, an onlooker who's watching this business, is
they're going to turn those battery plants in Kentucky that
were a JV. They're taking them over one hundred percent
and instead of making batteries for cars there, they're gonna
be making essentially power walls or energy storage products for

(09:44):
data centers. Oh, which I think is like mind blowing,
like it's it's on the one hands, like of course,
you know, data centers are gonna need a lot of those,
and we're gonna be searching high and low for energy.
And it it reminded me of COVID in a little bit,
like when you have these natural or when you have

(10:06):
these national disasters, I should say, or these national times
of need, and you've got a boost production of I
don't know, you know, airplane gas tanks or protective gear.
Car makers spring into action and help out. They have
these resources, they know what they're doing, and they can
produce a ton of masks or a ton of belly tanks.

(10:27):
And right now we need energy storage products, We need
big batteries for data centers. And now now this car
maker at least is springing into action, and it's gonna
there's so much more demand than there is supply, So
it's gonna clearly do well in this business, and it
strikes me as on the one hand obvious and on
the other hand genius.

Speaker 1 (10:49):
Yeah, it'll be interesting. And this is maybe peripherally related,
but Ford, if I recall Farley, has talked about potentially
doing a partnership with Weaimo to further develop self driving
with a partnership with Weimo, not their own robotaxi fleet.
That idea was canceled at Ford, but to work on

(11:15):
some of that technology in a partnership with Weimo is
also interesting.

Speaker 2 (11:23):
It is think for.

Speaker 1 (11:25):
Yeah, they Ford had rgo AI right which was which
was canceled, but it doesn't mean they've stopped developing some
of that.

Speaker 2 (11:35):
Technology, yeah, for sure. So there's just so much going on.

Speaker 1 (11:39):
Here's here's a question for you. How do you think
Ford is positioned versus General Motors when they seem to
be taking slightly different strategies here going into twenty twenty six.

Speaker 2 (11:52):
It's a really good question and it was also one
of my first thoughts because Ford has been losing you know,
multi pull billions of dollars every year on its ev
push and GM has only been losing you know, like
two billion dollars a year forward has only a couple
of products out in electric right the Lightning well now

(12:16):
it's canceled, but had the Lightning and the Mustang Mache,
whereas General Motors has the Equinox is electric, the Blazer
is electric. Cadillacs they have a couple that are electric
Elastic yeah, and the Lyric and they have an electric
suv and they have the big electric suv, the Q.

Speaker 1 (12:38):
Sure, which I really liked. I don't I don't think
you liked it.

Speaker 2 (12:41):
I didn't love it that much. But I love the
GMC Sierra EV, the Chevy Silverado EV. I love them.
The Hummer EV.

Speaker 1 (12:50):
Wow, they do have a ton when you start listing them,
then you realize, oh, there's.

Speaker 2 (12:54):
Those are all one electric vehicles. There's no gas engines,
and they've I think they've done pretty well with the
sale of much of that product, although of course they're
losing money on them as well.

Speaker 1 (13:05):
But and I'm just looking at this piece that you
recommended from our colleague Craig Trudel, and in the piece,
GM CEO Mary Barras says, EV's remain our north star.
So they're kind of doubling down. It's almost the opposite
of what Ford is doing.

Speaker 2 (13:23):
Yeah, it'll be so fascinating to watch this rivalry as
it goes ahead. And I mean they've always been different
companies in a sense, but obviously to the two biggest
American car makers going head to head in Detroit. So
I just think, what an incredible news week for car

(13:44):
makers totally. And you were, by the way, you have
a piece out on Ford as well on the expedition.
We all remember when you were in Texas and you
got that big belt buckle truckle, the truckle that holds
a key. So you've got the story.

Speaker 1 (13:59):
Out what you So the story is finally out, yes,
And I have to tell you it's not strictly a
car piece. It's actually a travel story about Texas and
how Texas is sort of a prism right now for
America at large, with all of its complexities and contradictions
and history. So I recommend you read the story, and
the Ford Expedition King Ranch does get a mentioned in

(14:21):
the story because that is what I drove on this
long winding road trip through Texas and it felt pretty perfect.
And I started seeing like dozens of Expedition King ranches
on the road, so it felt like the perfect home
for that.

Speaker 2 (14:34):
Actually, ever since you wrote it, I've been looking around.
I see him all over the place too.

Speaker 1 (14:37):
Yeah, it's wild.

Speaker 2 (14:40):
And I actually asked Jim Farley when he was on
if we were going to see a comeback for the
Big American Naturally Aspirated V eight and he was pretty
clear to say, like, listen, we still want to do
what's right for the planet. We're not looking to overly pollute. Okay,
but he didn't say no. So I feel like the
expedition is a like the perfect platform for the six

(15:02):
point two years.

Speaker 1 (15:02):
It works great. I mean that is so so big,
so big, and.

Speaker 2 (15:07):
I mean, yes, they have a lot of power in
the twin turbocharge V six that they have now. But anyhow, anyhow, anyhow,
I look forward to reading your story. I look forward
to hearing what you have to say about the Ferrari
Amalfi because it is the successor to the Roma that
I've drooled so much over recently. And I think it's

(15:31):
also a departure from the days of the California in
that it's a much better vehicle. But I don't know,
we'll hear about it on the other side of this break.
Hannah went to Portugal to drive a Ferrari. Stay with
us for more of this is Hot Pursuit. Welcome back

(15:51):
to Hot Pursuit. I'm Matt Miller here with Hannah Elliott
and Hey, Hannah, do you feel like someone's listening to you?

Speaker 1 (15:58):
Like, yeah, brothers listening or you know, big Jim Farley.
When we were having a conversation in the last segment,
I literally I didn't. I'm not reading my emails, but
I did see one pop up and the name on
it was Jim Farley and I was like, wait, what
can you hear us?

Speaker 2 (16:15):
It was?

Speaker 1 (16:15):
It was it was an email from the real Jim
Farley wishing.

Speaker 2 (16:19):
Just randomly the CEO four randomly.

Speaker 1 (16:22):
I'm sure, I'm sure, for sure, I'm the only one
that got this email. I know I got it too,
and what I thought I was the only one that's uh,
he's pretty funny.

Speaker 2 (16:32):
He's the best. It's pretty it's pretty good. He's it's
just holiday greeting card, by the way, unrelated to cars
or Jim Farley. But today was the ECB press conference,
So we're recording this on a Thursday. We put it
out on a Friday. That's our normal.

Speaker 1 (16:47):
M O.

Speaker 2 (16:48):
Today was the ECB press conference, and at the end
Christine Legard wrapped it up by saying, Mary Christmas. And
then I feel like she caught herself and she didn't
want to be excluding anyone, so she said, or happy Holidays,
and then she kind of stumbled for a second and
said or whatever is most convenient, which doesn't make any
sense at all, but I think she maybe she couldn't

(17:11):
think of the word honikah or like klonza.

Speaker 1 (17:15):
Or whatever it was, so yeah or anything.

Speaker 2 (17:18):
And then across Wall Street, like guys were messaging me
and they were like, hey, dude, Merry Christmas or happy
Holidays or whatever's convenient, you know, whatever's most convenient to you.

Speaker 1 (17:30):
I love it. It spawned a thousand memes already.

Speaker 2 (17:32):
All right, let's get to that Ferrari because you got
to go to Portugal. And I'll remind everyone I haven't
driven a Ferrari since I think twenty sixteen or maybe
even fifteen, when I was lucky enough to drive the
FF for a week, that very same fa Yeah, no,
it was amazing. And by the way, the very same

(17:54):
car the next week, Fernando Alonso was driving it around Austin, Texas,
sick so I my butt was in the same place
that Fernando Alonso's but eventually was Wow. But I haven't
driven one since so I watched him Afar and one
of my favorite, in fact, I would say since then, right,
since the F twelve. I guess my favorite Ferrari is

(18:15):
the Lowly Roma, the Entry Lee.

Speaker 1 (18:17):
Oh. I love the Roma.

Speaker 2 (18:18):
I think it's so gorgeous and it's like, can do
everything I need a car to do. And this what
you drove is like the successor to it.

Speaker 1 (18:27):
Yeah, that's exactly right. I'm totally with you on the Roma.
I think that it doesn't get enough respect, but I
love the Roma when it came out in twenty nineteen,
and the Amalfi is the successor. This is the two
plus two basically grand Tour that Ferrari makes. The starting
price is two hundred and sixty two thousand dollars. It's probably,

(18:51):
at the moment, the most affordable Ferrari that you can
buy new. It's twin turbob eight. It's got six hundred
just over six and thirty horse power, eight speed, dual
clutch transmissions, zero to sixty two and three point three seconds.
The headline on the story, though is that it brings
back tactile buttons to the steering wheel. And this is

(19:13):
a big deal because the one gripe with the Roma
was that the steering wheel had little haptic screens to
even start the car on the steering wheel, yes, yes,
like you just had to nowhere to push and then
it would light up and then it would start the car.
It was everybody hated it. And then also yet right
and that was on the left, and then on the

(19:34):
right thumb there was this other little screen pad that
you would use your right thumb to like control the
screen in front of the steering wheel to try to
control it basically everything else in the car. It was
really a bad idea and it was awkward and uncomfortable
to you. So the headline on the Amalfia is Ferrari
and they actually used the word they made a mistake.
They said, literally in Portugal, we made a mistake. And

(19:57):
so we fixed that mistake by bringing back and actual
start button, an actual tangible button on the steering wheel
to control audio and navigation and windshield wipers and so
that is. It seems small, but it's a big deal,
and I do think it's a big deal for an
automotive company, and we've seen this a couple of times
to say, oops, sorry, we actually are going to listen

(20:20):
to our customers and we're going to take one step
back to go two steps foward basically. So that's big.
The other thing that I don't know how you're gonna
feel about this, I don't. I have mixed emotions. Actually,
I think I know how I felt. So you know
how the Roma knows is like that really beautiful lattice grill.
It's like a shark nose and it looks like the

(20:43):
old Ferraris from like the sixties. So they've done away
with that in the Amalfi and now the front is
like more of a modern car. It's doesn't have that
beautiful nostalgic grill.

Speaker 2 (20:56):
I mean, I'll have it, and I miss I.

Speaker 1 (20:58):
Missed the realm. I miss I do think that Amalfi
looks really good. A couple other changes on the Amalfi
from the Roma are the front's different. You can just
look at it and see it's it's very different. The
rear tail lights are a lot thinner. There in this
black band that goes around the rear of the car.
There is active arrow on the back now with three

(21:21):
different stages based on how fast you're going.

Speaker 2 (21:28):
Do you need active arrow on a car that you're
supposed to just like go out to dinner in and
maybe like commute to work in.

Speaker 1 (21:36):
I don't know. Here's another it's not no, no, it's
not a track. You can take it on the track. They,
of course, the guys in Portugal were very specific about
you can't. This car is suited for the track. You
can take it on the track, but it's it's not
gonna It's not the Ferrari you take to the track.
It's not even a two ninety six. This is something
that you go for a beautiful drive. There are two

(21:57):
back seats that will fit children or you know, some luggage, infants,
infants basically, and it does. It drives so beautifully. It's
just like beautiful silk. It's like just wrapping yourself in
a silk sheet and rolling around.

Speaker 2 (22:15):
How much does it cost? What's the entry price?

Speaker 1 (22:17):
Two hundred and sixty two thousand dollars is starting starting
US price.

Speaker 2 (22:21):
To sixty two to sixty two, that's right.

Speaker 1 (22:25):
But think about when we talk about aston Martin's. Think
about when we talk about a couple of the higher
end portion nine elevens. Think about when we talk about
even that Mercedes AMGGT, this is cheaper or the same
price as all of those cars and it's a Ferrari.
I find that very fascinating. Oh one other thing thought

(22:50):
that I had about the cabin they have. They have
a tiny screen in the center that is the control screen.
It's a touchscreen, and it's pushed pretty far down and
back toward the dashboard, so it's really not in your face.
Because the idea is you don't want a big screen
in your face. You want like it's an analog experience,

(23:12):
which I understand, but it might be too far down
and too pushed back, because I found that trying to
look at the screen on the to navigate my route
driving these unknown roads and it was rainy, and then
looking back at this road, and then looking down to
make sure I'm not missing a turn, and then looking back.
It was kind of distracting. And I did actually miss

(23:34):
a couple turns, and I'm gonna blame it on the nap, But.

Speaker 2 (23:37):
Why do you have to look at the screen? The
navigation systems there too.

Speaker 1 (23:41):
The navigation system was there. Now, I've asked Ferrari and
they haven't got back to me yet. I actually emailed
them this morning this morning to check. I asked, is
there a heads up display in this vehicle? Because I
couldn't find it in the car that I had. I
don't know if I couldn't find it because there wasn't one,
or it just it was user air and I couldn't
find one.

Speaker 2 (24:01):
But in front of you are there in front of you,
in front of the steering wheel, are there gauges or
is this screen there too?

Speaker 1 (24:06):
There's a screen there too, So the only navigation I
had was to down to my right, you know, sort
of tucked under the dashboard on the screen. Now, the
jury is still out because they haven't got back to me,
and maybe I was missing something, but.

Speaker 2 (24:22):
It was I imagine you can put the directions or
at least an arrow the in what would be the
gauge cluster in front of you.

Speaker 1 (24:32):
Yeah, I would hope. I could. Did not find that
in my testing, but I've asked so I can report back.

Speaker 2 (24:40):
It is a huge step forward that they've gone away
from little haptic screens on the steering wheel, and that
they're trying to get the screen out of your face
in the center console and I'll give you a glimpse
into the future. Hannah. When you get older, you start
to think the world's not going the right way and
I need to tell everybody why it's wrong. And hope, well,
I can change the tide a little bit. And it

(25:02):
feels like that's happening right now, you know, because it
you know, all of these automakers are coming back a
little bit like, Okay, we went too far with the screens.
They don't need to be you know, iPad giganto size,
and we need to have buttons for functions that use
on the regular. Now, I feel like Ferrari, the Ferrari

(25:22):
that I saw on your Instagram post. And by the way,
it's your Instagram.

Speaker 1 (25:27):
My Instagram is Hannah Elliott XO. And that's two of
everything on Hannah Elliott. So two n's two hs, two
l's two t's.

Speaker 2 (25:35):
XO Hannah Elliott XO. I was looking at your Instagram
and you you showed the steering wheel, the layout, and
really the whole cockpit interior, and I thought, yeah, it's
good that they're going back to buttons, but that's still
way too many buttons, Like it's there's one for like
answering the phone and hanging the phone up. And there's
the cruise control buttons, and there's the navigating your gauge

(25:57):
cluster and this is a so obviously they're turn signals up. There,
there's a start stop button, there's the manatino. You've got
the volume switch on the back of the steering wheel,
and you've got the track forward and back on the back.
Like there's just too much going on on the steering wheel.

Speaker 1 (26:12):
I feel like ask you something, Yeah, what if you
thought that that made it feel more like n F
one car to have all of the controls on the
steering wheel so you never had to move your hands.
I get because I think that's what they're going for.

Speaker 2 (26:24):
I mean, but it doesn't because Formula one drivers aren't
answering phone calls, you know, and you know they're they're
not checking their Instagram and their gauge cluster. Like it's
it's a little silly. I get the turn signals and
I understand. Also, you know, volume up, volume down. Plus

(26:44):
the start stop button looks very cool there. It doesn't
have to be there, but looks very cool there. And
the manatino also is fine. Yes, it just looked to me,
like the other buttons that were clearly replacing the little
haptic screens, All of those buttons, in my pion, should
be not on the steering wheel.

Speaker 1 (27:02):
And I don't disagree.

Speaker 2 (27:03):
And uh they also kind of looked like black plasticy cheap.

Speaker 1 (27:08):
You know, I don't disagree with you on that. That's
very perceptive. And yeah, you know, Ferrari has this way
of creating some tension between like perfect driving and this
this new car has break by wire, which means basically
that like the brake pressure feels more consistent and balanced.

(27:32):
And yes, that idea was put into my head when
I was talking to the engineers about it, but I
also could feel it when I was driving. So the drive,
the car drives really beautifully, and yet there are these
like little things that we can quibble about inside. But
somehow that tension could be charming, right are we making?

(27:53):
Are we being too apologetic here?

Speaker 2 (27:57):
I you know, I don't. I would love to talk
to an engineer or a car maker CEO about I
know why they go to throttle by wire and break
by wire and electronic steering it so that you can
change all of the all of the settings with your

(28:17):
Medentino right, yes, but why not put out a car
that doesn't have any of that? And I'm you know,
my hunt for an older nine to eleven, I've gravitated
towards a newer one. The nine point one, the first
generation of the nine ninety seven, doesn't have any of
that stuff. You know, it doesn't have even direct injection.

(28:41):
But it does have a clunky looking infotainment screen for navigation.
And the first thing I would do if I were
to actually buy one of those cars is I would
take that out. They sell a little cubby that you
can buy and you pull out that screen and just
put in a nothing like the GT three I have.
Because if you have if I have a throttle, if

(29:04):
I have a clutch, if I have a stick shift,
if I have a turn signal stock, if I can
operate my windshield wipers like I would any other car,
I don't need all the crap that's in the infotainment screen.
I just don't need it.

Speaker 1 (29:18):
I agree with you.

Speaker 2 (29:19):
And I know that Ferrari wants to appeal to some
who want the newest, and they're the highest tech, and
they're f one and all of this, and that's great,
But why not make a car that is analog. You
know what, You've got to keep up with safety regulations
and all of that stuff. I understand, But why would
a Ferrari, for example, need a digital screen in front

(29:42):
of the steering wheel. Why not have beautiful, expensive looking
analog gauges with little platinum painted needles, you.

Speaker 1 (29:50):
Know, like they could do that. But I would just say,
also as a brief note, Ferrari does feel pretty analog
compared to something like Mercedes, which Mercedes truly is pushing
the boundary here with a lot of tech self driving.

(30:10):
Friy doesn't have that, you know, screens that actually work
and are beautiful and not obtrusive. Frey doesn't have that.
So compared to being in a Mercedes, a new Mercedes,
the Ferrari does feel relatively analogue to what some other

(30:32):
automakers are doing. And I actually asked them about that,
and they seem very unbothered. They are not trying to
be the cutting edge infotainment right brand. They're trying to.
Of course, they need to be competitive and it needs
to be good, but they don't, I don't. They are
not bothered by trying to be the cutting edge of
you know, level three self driving. For instance, I still would.

Speaker 2 (30:55):
I'm not sure about this statement, but I'm.

Speaker 1 (30:58):
Going to guess you can say it anyway.

Speaker 2 (31:00):
I would guess that if you look at how many
microchips are in a Ferrari versus a Mercedes, you're gonna
find more in the former than the latter, in the
in the Ferrari, in the Ferrari. Yeah, because this is
just it's kind of a guess based on Chris Harris's
like twenty five minute video of the Puro saying he

(31:21):
like went into detail explaining the suspension at every corner.
And it's basically like they have a supercomputer at each
corner of the of the vehicle. And I know why
they do that, and I and I asked benedetto Venue
about this, but I just think they could make one
one car that's for the purists, you know. And by

(31:43):
the way, and a Malfi or the Aroma. These are
perfect vehicles in which to put a manual transmission, a
stick shift with three pedals.

Speaker 1 (31:54):
I know we need to break, but I have to
tell you this story about a dinner I had my
literally one night Impoor. I was on the ground for
one single full day, which was the drive day, and
I sat next to Rafaele de Simone, who is Ferrari's
development driver, and he is an absolute legend. He actually

(32:14):
told me, I'm gonna tease the story with this that
in a road car on Ferrari test tracks, he's faster
than George Russell for about five six seven laps. Whoa,
and tell George learns the track and then George catches
up and beats him. Well, I just thought that was
so cool.

Speaker 2 (32:33):
All Right, we'll hear that story on the other side
of this break. I'm Matt Miller with Hannah Elliott. This
is Hot Pursuit. Welcome back to Hot Pursuit. I'm Matt
Miller with Hannah Elliott. Hannah, you were just about to
tell us about sitting down at dinner UH in Portugal

(32:56):
with a Ferrari engineer.

Speaker 1 (32:59):
I had literally sat at dinner next to Rafaela de Simone, UH,
Ferrari's development driver, and he was telling me how Michael
Schumacher would always come by through the studio. George Russell's
always coming by. He's talking with all these F one
drivers all the time, and I and they are taking
cars out and driving them and having fun. And I said,
do any of those guys ever, ask for a manual

(33:20):
and he goes no, and I go why not and
he goes because it's not as fast, and it was
like it wasn't even on their frame of mind. Obviously.
I know there's a lot of other things involved, but
I thought that was so interesting because I knew you
were going to bring that up, Matt, and I did
ask him and he just was like, eh, it's not
as fast or efficient.

Speaker 2 (33:40):
Right, But also you're talking about Formula One drivers who
are maximum twenty five years old, right, So well, except
for Lewis, but think about okay, think about Ferrari's clientele,
Like I know, I'm sure that Lewis probably has an
amazing car collection and he's You're right, he's older, so
he has more experience. But most of the people who

(34:02):
have the largeess to buy these vehicles are I'm guessing
in their fifties, you know, sixties. They still remember the
charm of operating a motor vehicle. And I also know
that in terms of what enthusiasts want, And I keep
thinking about this in Porsche's case, because they in order

(34:25):
to do well by your customers buying a new car,
you should try and keep up the residual values of
your old cars. If you want a five year old
Porsche or a ten year old Porsche and you need
three pedals, you're going to pay a premium of ten
twenty forty fifty thousand dollars for the manual version. If

(34:47):
you're willing to take a PDK, which is fast and
efficient and undoubtedly one of the best clutches you can
buy on a road car in the world, you can
get it on the cheap. So if you really care
about like Ferrari shit I mean Porsha, sorry, Porsche should
demand that customers take like the Sport Chrono Plus package.

(35:08):
If you don't take that, it hurts the value on resale.
Porsche should encourage customers to buy the manual transmission because
it really helps on resale. And that just shows that
people who truly care about cars, people who value, who
covet these machines, they want that kind of engagement, not

(35:29):
a millisecond quick shift of a paddle.

Speaker 1 (35:36):
I'm applotting, I'm applotting, Yes, that was that was a beautiful, beautiful.

Speaker 2 (35:42):
Actually, on the subject of the nine to eleven that
I want to someday purchase, I want an older one
and I don't really know which generation. Do I want
the three point two? Do I want the nine six
four nine nine, three nine nine seven. I'm kind of
honed in on that, but we get a lot of
viewer email or listener email supporting that idea that we

(36:03):
do an entire episode dedicated to breaking down older nine
to eleven's. Should we do that? Should we kick it off?

Speaker 1 (36:11):
Yes? Yeah?

Speaker 2 (36:15):
Yeah, I mean that's a yes.

Speaker 1 (36:17):
Yes, we're not starting it at this moment right now.
But you mean like kick off the year?

Speaker 2 (36:21):
Yes, sorry, kick off our year? Should we do that?
Should we kick off the year with that?

Speaker 1 (36:26):
I think we should.

Speaker 2 (36:27):
I have t wrangle Doug DeMuro. We could always probably
get your husband to join us.

Speaker 1 (36:34):
Of course, there's a guy maybe we do a dueling.

Speaker 2 (36:37):
In the Pacific Northwest, Nathan Mertz, who's a specialist. So
we'll get one of those guys on and we'll talk
about that. But I appreciated it.

Speaker 1 (36:44):
Yeah, he just had a big purchase, didn't he.

Speaker 2 (36:46):
Yeah, he just got that turbo.

Speaker 1 (36:48):
No, I mean his company.

Speaker 2 (36:50):
Oh what he sold his company again, that's what I hear. Wow, Yeah,
he did say when I asked him if he would
join us on the podcast. He's like, yeah, I'm trying
actually not to work that much, but I don't.

Speaker 1 (37:04):
Yeah, after this latest thing, I don't think he's gonna
have to for a minute. We got, uh, certain numbers.

Speaker 2 (37:11):
Other emails we got, we got we always get guest suggestions,
and someone suggested Zach Brown, which is a great idea.
We have had Zach Brown.

Speaker 1 (37:18):
You have had Zach. He's a great guest.

Speaker 2 (37:21):
Yeah, he really is. And uh, by the way, when
you talk about Charlie Agapu, the guy who works on
your some of your cars, Yes, he was a famous
race mechanic right before oh man.

Speaker 1 (37:33):
He was the pit the pit boss for Ken Miles
and Carol Shelby racing at Lamont in the Glory Days,
that that movie Ford Versus Ferrari. There's a guy who
is like the Charlie person in that movie. That's Charles.
That's Charlie. Yeah, who works on the rolls races.

Speaker 2 (37:53):
Well, I thought of it because someone else who wrote in.
And by the way, we encourage emails at hot pursuit. No, wait,
hot Pursuit Bloomberg dot net. Is that right, Yeah, that's right,
Hot Pursuit of Bloomberg dot net. Yeah, that's right. Hot
pursuit of Bloomberg dot net. So John uh is a
longtime listener, first time caller. No, actually he's emailed us
a bunch in the past. We talk about Audi's with

(38:14):
him and stuff. But he was at an event where
he ran into a guy called Carl Friedrich who apparently
was Fongio's mechanic. Oh like back in the day. And
he sent a picture of this guy, which I thought
was very cool. So I'm always interested in hearing about

(38:40):
old timers who worked with these legends the day, and
I don't think they get enough credit, right. I mean,
the driver takes some kahonas. You need some some skill
and some courage, but you have to have good mechanics.

Speaker 1 (38:55):
What is your mechanic? Unbelievably so true. I mean, to
find someone who's honest and capable and quick is really difficult.
And yeah, I'm seeing this picture that John sent. Wow,
we should cool. He is a treasure. He John says,
he's quite the treasure to have still around. And it's

(39:16):
so true. These guys are really legends. If any By
the way, I was thinking this the other day, if
I was starting out again, maybe I should be a
Rolls Royce mechanic because there's a lot of demand. I
think you could have a good career.

Speaker 2 (39:30):
It looks like I don't Also the picture that John sent,
it looks like Carl Friedrich. This mechanic is standing next
to Wayne Kreini. Is that Wayne Kreini? I don't know.
I'm pretty sure it is.

Speaker 1 (39:43):
That's not my generation, so I'm not sure.

Speaker 2 (39:45):
All right, Well, Wayne Creeney, he's the car restorer, right
chasing classic cars is.

Speaker 1 (39:50):
Yeah, I don't want to. Yeah, No, I truly don't.
I only watch reality TV.

Speaker 2 (39:55):
Al right, Well, we do love pictures, and don we
also a longtime listener sent He's kind of helping me out,
giving me advice on where to look in terms of
and he seems to have an amazing car collection himself.
I was talking about a Ferrari threeh eight and I
keep seeing them on BAT and they don't go for
too much more than than nice old air cold Porsche's.

(40:19):
He says, look if you want a threeho eight, but
you're worried about how tall you are? And don I
think himself is like six'. Four, yes he, says look
at the. Mondial AND i always immediately discount the mondial
because my old boss way back here At BLOOMBERG tv
had a mondial In bronxville and he was trying to

(40:40):
sell it to me all the. Time SO i always
think if he had one and he wants to sell it.

Speaker 1 (40:45):
To, me criminally.

Speaker 2 (40:47):
Underloved, Yeah i'm looking at the picture Of. Don's it looks.

Speaker 1 (40:50):
NICE i, know you, KNOW i have always heard it Pronounced. Mondyle.

Speaker 2 (40:55):
OH i could be wrong BECAUSE i always thought it
was A bugatti. Chirone is that? Right sheiron Or? Kirn?

Speaker 1 (41:03):
OH i, Say Sharon kirn is what goes on THE tv.
Screen so maybe About you're totally, right The Bugatti Sharon.
Kirn that is A cnn.

Speaker 2 (41:14):
Thing you, Hear? Mondele, Yeah mondyle. INTERESTING i. Assume i'm
sure we're.

Speaker 1 (41:20):
Going to get a letter about. This But i've always
heard BECAUSE i just saw one at The Best cars
And coffee In la. Lately is the one At Griffith's.
Park Griffith, park it's every Last sunday of the, month
and there was a very cool mon dial there and
everyone around me was Saying. Mondyle, OH i believe, you
But i'm not correcting. You i'm just, saying, oh that's.

Speaker 2 (41:39):
Interesting except for you did also think it Was, burmester
AND i.

Speaker 1 (41:45):
Don't, KNOW i, KNOW i thought it Was.

Speaker 2 (41:46):
Burmeister, ah, yes It's.

Speaker 1 (41:50):
Burmester did you do did you google it and then
listen to LIKE i talk to someone about. It, also
there's NO I i, know WELL i, know but the Tomato,
toabad but you're saying it's yes and.

Speaker 2 (42:03):
All everything brings me Back porsche's like My. Miata everything
brings me back to The. PORSCHE i don't know when people,
spec especially like high End. Porschas if you're already paying
like one forty or one fifty for the nine to
eleven of your dreams and it's like a FOUR s
cab or, whatever why don't people spec The burmester the

(42:23):
higher end. Stereo everybody specs The bows and then if
you're looking at the used you, know the classified, ads they're, like,
oh and it has the high end bows stereo, system
but that's not nearly as good as The. Burmester in,
fact it sounds.

Speaker 1 (42:36):
Horrible, YEAH i, mean it's a great. Question oh didn't
you say THAT gm had some also audio. News, yes
this is changing a little, bit but you mentioned it to.

Speaker 2 (42:46):
Me, yes so this is very. COOL gm of, COURSE
i would, say either famously or infamously is getting rid
Of Apple CarPlay in most of its, offerings which is
fine because their infotainment system is so good that you
don't Need Apple. CarPlay you already Have Google maps and everything.

(43:06):
Else BUT i Use Apple. MUSIC i don't Use. Spotify
my wife Uses. SPOTIFY i can't figure it. Out Apple,
music to, me is is the best because has EVERYTHING i.
Need it's on, demand and it's, LIKE i don't, know
ten dollars a. Month AND gm is now Putting Apple
music in their own infotainment. System so if you were,

(43:29):
LIKE i don't want to get A gm car because
it doesn't have car, play And i'm An Apple music
guy or, gal, yeah you, person that's a great neutral.

Speaker 1 (43:37):
Word convenient.

Speaker 2 (43:40):
You now you don't have to worry about that because
they Have Apple. Music that's.

Speaker 1 (43:42):
GREAT i Watched Spinal top last night for obvious, reasons
and it reminds me of The. Doubly remember the scene
where the girlfriend's Mispronouncing. Dolby, No she's, like she's telling
him they make they mixed the album, wrong but it's
should have been in. Double they're, like you Mean, dolby.

Speaker 2 (44:02):
But that actually is an important point ON gm, also
so they will Have dolby Atmost, yes in The. Cadillacs
AND i was trying to, see yes we've reported, that
which which brands you've reported? It MAYBE i didn't, notice
but it's Only, Mercedes, Audi, Lucid, Polestar cadillac And. Rivian

(44:27):
those are the only ones that Have dolby.

Speaker 1 (44:29):
Atmost, well you may recall our wonderful, Guest Tim pride
who joined us From, dolby who is the head Of Dolby.
Music he still, is remember.

Speaker 2 (44:41):
Him, Yes AND i remember when you were when you
were listening to At. Moost weren't you in A?

Speaker 1 (44:45):
Cadillac, Yes, YES i. Was and it was one of
those things WHERE i went for a test drive and
then they're, like, oh, here come sit in the, car
and we're going to do like this Whole we're gonna
have a whole presentation about AND i was just kind of,
like why AM i wasting my time doing? This AND
i was kind of. Annoyed THEN i got in the

(45:05):
car With tim and it was awesome and he completely
changed my mind about it and why it's important all.
This he told me all this really cool, stuff SO
i get. It now because BEFORE i was just rolling
my eyes thinking this is such like a marketing.

Speaker 2 (45:19):
THING I i'm gonna dig a little deeper BECAUSE i
can't wait to hear. It AND i don't think even
If i've been in a car that Has dolby, Atmos
i'm not sure IF i was paying very close. Attention
but next week is Is, christmas and we won't be, here,
right that's, Right we're taking it.

Speaker 1 (45:38):
Off we're going to take. Off we're going to go to,
ground go to, ground re.

Speaker 2 (45:42):
Energize we've only done this once before where we skip
where we skipped a week.

Speaker 1 (45:47):
AND i think it was last it was Last, Christmas, no,
no Last New.

Speaker 2 (45:51):
Year it WAS i was In italy this, summer, remember
and we but we recorded with you From. ITALY i
think we recorded one week and then the next, week
did you? R? Really we just picked the greatest hits. Thing?

Speaker 1 (46:05):
Wow time?

Speaker 2 (46:06):
Flies and but the good news is we have something
now to give to our, listeners at least at least one.
Listener we have a present for. You let's see who it.
Was i'm looking back in my. Emails we have, Yes,
clarence we have a present For. Clarence we're going to
replay The Zach brown. Episode, yeah and.

Speaker 1 (46:28):
WOW i think it's timely because of how the season.
Ended But Zach brown just an interesting guy in.

Speaker 2 (46:34):
General, yeah but also What they won the Constructors championship
And lando won The Driver's. Championship, Right AM i wrong about?

Speaker 1 (46:43):
This, no you're, Right you're. Right you're.

Speaker 2 (46:45):
RIGHT i don't Watch Lando, lando but you know it was.

Speaker 1 (46:48):
Close he only won by two points in the. End
it was, close nail.

Speaker 2 (46:52):
Bider i'm happy for. Him, YEAH i, know more of
a MOTOR vp. Guy. Anyway have a fantastic holiday, season
whatever you.

Speaker 1 (47:04):
Celebrate, YEAH i Celebrate. Christmas it's a pretty.

Speaker 2 (47:09):
HOLIDAY i Celebrate festivus for the rest of. Us check
Out hannah's columns and stories On bloomberg Dot com and
The Bloomberg business. App go there for car, reviews events
and stories that you won't find anywhere. Else find it
all At bloomberg Dot, com Slash, pursuit Slash. Autos I'm
Matt miller.

Speaker 1 (47:26):
And I'm Hannah. Elliott will be back in your Podcast
speed again next. Week
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