Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
I'm Matt Miller and I'm Hannah Elliott, and this is
Hot Pursuit.
Speaker 2 (00:12):
All right, we have a really fun episode today, a
really fun interview. We have a lot to cover, and
there's a lot to cover. Okay, let's start with La,
because you are in La. And the last time that
we spoke we recorded last Friday's episode, I think last Tuesday,
so you know, it was on fire, but it wasn't
(00:32):
as bad now as it has been.
Speaker 1 (00:35):
You know, it's so funny because a week ago it's
so funny. I remember I saw some smoke way off
in the distance toward the ocean, and you know, honestly,
that happens from time to time. You might see like
some random, very small plume of smoke. And I'm on
the thirty first floor here in Century City, so I
(00:56):
have a very very good view of a lot and
I remember texting it to you and it was like, oh,
that's weird. That's there's some smoke out there. But you know,
I had obviously no idea about the devastation to follow,
and that was the start of the Paliside Palisades fire.
And so yeah, you know, it's just been a really
(01:19):
surreal week week and a half, and gosh, it's been
really hard to see everything that's happened to so many
of our friends and family members who have lost everything.
So definitely, you know, here at Bloomberg, we've all been
banding together to try to provide comprehensive coverage and sensitive
(01:42):
coverage and helpful coverage.
Speaker 2 (01:45):
I think people are gonna want an update on how
you're doing.
Speaker 1 (01:48):
Oh yeah, you know, thanks for asking. Thankfully I did
not We did not have to evacuate. We were for
the Sunset fire. The evacuation in line ended at the
one oh one and basically we were just on the
other side of the one oh ones near the Hollywood Bowl.
So we did have bags packed and in the car,
(02:11):
and we did go down and scope out traffic patterns
so we could be sure that we could leave quickly
if we needed to. And I definitely have never had
to pack as if I may not be coming back
before in my life, So that was a very clarifying exercise.
Speaker 2 (02:29):
And what did you what do you what did you bring?
Speaker 3 (02:32):
I have to say, honestly, the only things.
Speaker 1 (02:34):
That I grabbed were a couple pieces of my grandmother's
very old jewelry. I grabbed a wedding photo, a watercolor
that my sister had given me and my passport and
made made sure I had on, you know, a cool
coat and some cool boots. But that that was honestly
(02:56):
it and you know, it just it's so cliche to say,
but it really does clarify in your mind what are
the important things in life? And things are obviously have
sentimental value, and but at the end of the day,
they're just things. And so, you know, it's it's been
(03:19):
very it's just surreal because honestly, you know, the skies
are blue today, I'm at the office.
Speaker 3 (03:27):
The world moves on.
Speaker 1 (03:29):
And also there are really thousands of people who are
going to be affected and continue to be affected for
quite a long time from this, including people I know,
close friends.
Speaker 2 (03:40):
So I mean, I think it's yeah, it's mind boggling
to try and understand the scale of the devastation. It's
just not really comprehensible because you know, we're talking about
forty thousand acres burned, and people who not only had
(04:00):
to grab, you know, stuff they wanted for themselves, but
also whole families you know, that are going to be
not only looking for a place to stay, but also
with you know, elderly people in tow with babies, short
on diapers, short on formula. I mean, it's just, you know,
(04:21):
it's unimaginable all of the different variations of suffering that
are going on right now in Los Angeles. And to me,
I think about the years or even decades that it's
going to take to build back. It's just unprecedented, I
think in American history. Is it fair to say on
(04:43):
that level? I mean, we've had huge hurricanes, obviously Katrina
and what we saw in Florida and more recently in
the Carolinas, but this is just.
Speaker 3 (04:53):
I can't Yes, yeah, of course.
Speaker 1 (04:55):
You know, the latest estimate I saw was a forty
billion dollar damages estimate by some of the insurance providers
and the banks. Obviously, you know, over one hundred and
eighty thousand people evacuated. And I would just say too,
you know, from an outsider perspective, and I certainly still
(05:16):
feel like an LA outsider, it's easy to think that, well,
this is just only affecting you know, more wealthy Hollywood
people who lived in this very upper class neighborhood called
the Pacific Palisades. But that is really untrue. You know,
a lot of the homes were family owned and passed down,
especially in Altadena. In Pasadena, these are hardworking people who
(05:38):
you know, might have been there for generations and shared
the home with their family. And you know, there are
whole ecosystems that are are involved in you know, these neighborhoods,
not just the people who live there, but people who
are working in those neighborhoods as well.
Speaker 3 (05:59):
Who's who whose.
Speaker 1 (06:02):
Livelihoods depend on those neighborhoods too, So there's really trickle
down effect.
Speaker 2 (06:06):
Let's let's transition from right. It's obviously horrendous news. It's
some of the worst it's one of the worst natural
disasters in American history. But having said that, this is
a show about cars, and we we typically focus on vehicles.
And so when you're thinking of when I'm thinking of LA,
I think of a car town, so and I imagine
(06:29):
all these structures burning down. I imagine not only the
homes that are so important to everybody, but I also
imagine the vehicles and a lot of these places. You know,
when we're talking to Mikhil Haggerty, he talks about the
car that he always worked on with his dad, and
that's not a unique story. There's a lot of people
who have worked on a car with their dad or
have you know, saved up for years to get this vehicle,
(06:51):
and it means more to them than just some rich
guy who bought you know, of NMF five. So uh,
I think a lot of those cars have been destroyed.
Speaker 1 (06:59):
Yeah, that's really a key point, and it's something I
really try to touch on with the story that we
published about the car community and how these fires will
affect that. Just the idea that it's not about the
monetary value of a lot of these cars for most people.
Speaker 3 (07:17):
You know.
Speaker 1 (07:17):
I've heard stories firsthand of people who actually left a
supercar in the garage and drove away in you know,
their daughter's car because they knew their daughter loved her
car so much and they had to make a Sophie's
choice between the supercar and their daughter's car, and they
took their daughter's car because that had such a strong
(07:38):
sentimental value. And I think that is really true for
a lot of people, you know. I spoke with Matt Farrah,
of course, our friend who also has a Westside storage,
and Eli Cogan, who has Auto Car club as far
away as Arizona, and they both are just telling me
that they are dealing with a bunch of people who
(07:58):
are making choices of which cars to save, to try
to preserve, to try to restore.
Speaker 3 (08:04):
And it's not about the price of the car. It's
about some.
Speaker 1 (08:07):
Sort of emotional bond, sentimental value, family story, et cetera,
et cetera.
Speaker 2 (08:11):
Sure, I mean for most people, most people don't have
a Ferrari, you know, two fifty gto right, so yes,
but have a valuable or a couple valuable cars maybe
to choose from, and they're going to choose the one
they want to keep forever, so it doesn't matter which
one is more valuable or But a lot of people, unfortunately,
only have one vehicle like that. Or you know, a
(08:34):
lot of people have one vehicle that they've saved up
for one vehicle that means a lot to them, and
that's been destroyed. And it'll be interesting to see how
insurance pays out as well. That's gonna be another story
you'll probably.
Speaker 3 (08:44):
Write, definitely.
Speaker 1 (08:45):
And I've started to ask, you know, a lot of
the insurance insurance companies tell me it's too early that
you know, there's still receiving claims et cetera.
Speaker 3 (08:53):
Et cetera.
Speaker 1 (08:53):
But for instance, Mercury Insurance is pointing to I don't
know if you remember the Paradise fire in twenty eight
eighteen that basically just leveled the town of Paradise, California,
and most homeowners' insurance companies do not ensure for fire
protection there, and Mercury Insurance has, as of January seventh,
(09:16):
started again issuing homeowner policies for Paradise, California. And I
spoke with one of their guys there last week who said, look,
a lot of the cars in the Palisades fire, for instance,
were abandoned and possibly abandoned with keys in them so
that first responders could move the car if they need to.
Speaker 4 (09:37):
So as Steve Gutenberg requested, right, so technically, you know,
it's not that's not a stolen vehicle, and you know,
maybe it's damaged, but it wasn't destroyed by a fire technically.
Speaker 3 (09:50):
But you know, obviously they're going to what they say.
You know, we'll see if they follow up on it.
But what they say is obviously, even.
Speaker 1 (09:57):
Though that scenario is not itemized in the insurance policy,
we will cover.
Speaker 2 (10:01):
That's got to be covered.
Speaker 1 (10:02):
Yeah, I mean Haggarty another one that we mentioned has
already opened a sort of pop up response center at
their garage and van Nis and they are.
Speaker 3 (10:13):
Treating this as they treated the.
Speaker 1 (10:15):
Hurricane fallout from the hurricanes in Florida, where they've got
to basically literally a crisis response center with a dedicated
team helping people as they file claims for cars. And
obviously Haggarty it specializes in collector car insurance, so there's
a lot of effort going into it.
Speaker 2 (10:37):
I imagine most insurers are gonna try and do what's
right for the customer. Also, there's going to be some
pressure from government agencies of course, but it's the person
with I feel really for the person who doesn't have
a collectorc car. But say you bought a truck, you know,
brand new two years ago and you've put thirty thousand
miles on it and it was the love of your
(11:00):
your life, maybe with a six point two liter V eight,
and you know, insurance isn't gonna isn't gonna buy you
a new truck like that, right, They're gonna give you
the value of the car now, and it's just kind
of a it's a huge bummer.
Speaker 3 (11:13):
It's a huge bummer. There's there's nothing else to say.
It sucks, like I still want.
Speaker 2 (11:17):
I went through all of the Instagram and uh sort
of social media footage of people who had burned out
shells of vehicles. I noticed so many of them were
nine to elevens.
Speaker 3 (11:30):
I know, I saw that too.
Speaker 2 (11:31):
Did you notice so many Porschas.
Speaker 1 (11:33):
Yes, I have to imagine those were sort of filtered
towards the top because they were the most cringe worthy. Yeah,
I have to imagine that that that truly and hard numbers.
It wasn't like we lost a ton of Porsches, but
I did see all of those photos. Obviously they are
the ones that wring our hearts stronger than if we
see a modern Sidan that's like a Honda. You know,
(11:58):
of course we're gonna cry a little bit more when
we see in something air cooled.
Speaker 3 (12:02):
But I can't.
Speaker 1 (12:04):
You know, you can only drive one car at once.
This is the problem. You can only drive one car
at once. And you know, of course Magnus and I
discussed we both were going to drive a car, and yes,
nice you know the route that we we did not evacuate,
but we did drive down to the freeway to be
(12:24):
able to see how traffic was was going, and yeah,
we we had it planned out. And we have a
neighbor who has two minis and he said he was
gonna leave with a Mini on either foot, and I
thought that that was so funny and the black black humor.
Speaker 3 (12:41):
Of course, you can only drive one car at.
Speaker 1 (12:45):
Once, so I have to imagine that, like a lot
of people did have to make a really painful choice.
Speaker 3 (12:51):
Again, it's just stuff, but it still has meaning. The
memories do count for something.
Speaker 2 (12:57):
Yeah, of course, just as much as uh, I mean,
in my mind, just as much as a work of art.
Speaker 3 (13:03):
Of course.
Speaker 2 (13:03):
You know, if you're scrambling to get out of your
house and you have and your you know, grandmother gave
you a Picasso sketch or something, that's probably one of
the things that you're gonna grab. Or if you happen
to have like a I don't know enough about art
to mention something amazing, but what's a guy called Rothko?
(13:24):
There you go. If you have a roth coke hanging
in your living room, then you're.
Speaker 3 (13:27):
Probably gonna yeah, we're so big.
Speaker 2 (13:30):
But speaking of venom f fives, you got a hold
of John Hennessy and he's got something special that they're
working on completely unrelated to this, but uh, what what
is the Warhawk?
Speaker 1 (13:43):
The Warhawk is a new vehicle that they are developing,
which is based on a Jeep Rubicon, and this is
part of a whole new division that Hennessy is initiating.
It's it's I'm really fascinated just with Hennessy in general
(14:03):
and their many successes since the nineteen nineties, and they've
just announced that they're this new They're calling it a
strike force vehicle for military, police and sportsmen. It's called
the Hennessy Warhawk. They're actually going to unveil it January
twenty first in Las Vegas. But it's basically a Jeep
Gladiator Rubicon that they're saying is going to be lighter
(14:27):
and faster than similar vehicles. I'm assuming they mean similar
vehicles like, for instance, a Hummer, maybe a little more
nimble and a little more able to navigate some tricky situation.
Speaker 3 (14:38):
So I think it's.
Speaker 1 (14:40):
Fascinating, and honestly, I've wanted to have John on to
talk about it because it has felt a little like
armageddon here in La the past weekend. This is exactly
the type of vehicle I would.
Speaker 3 (14:52):
Want to be in.
Speaker 2 (14:54):
Well, let's bring John in and talk about it right now.
John Hennessy, dude, why don't we start with do you
have connections to LA that are you know, going through
difficult times or do you have any I do.
Speaker 5 (15:06):
I've got a lot of friends out there. I was
trading some text messages with Johnny Lieberman and just to
think of all the people that I know kind of
in that neck of the woods. And the weird thing
is is I went out to LA for a day
trip to bring one with a client to go look
at at VENOMF five that we have out in Beverly
Hills at Gallpin and we landed, so Biden was at
Lax that we were going to my client's plane. We'd
(15:28):
get diverted to Long Beach and as soon as we
got in the rail car going up to four or five,
I saw a little bit of smoke and I'm like, hm,
I wonder what that is. And then we got further
we got up towards Lax and like the smoke cloud
looked like a meteorite it hit the earth and I
could see I could see flanes from twenty miles away.
That was a week ago, right, So that was like
I'm texting Bruce Myers and Beverly Hills. He didn't even
(15:49):
know about it. Yeah, so obviously obviously. I mean, it's
just just what a crazy tragedy. And I'm sorry if
you guys are out that way hand, I know you're
out that way. I'm sorry that you and your friends
and maybe family have gone through that stuff. It's heartbreaking.
Speaker 1 (16:04):
Thanks, John, I really appreciate the concern, and I totally
echo your take on it. You know, Matt and I
were just talking about how last week when we recorded,
I actually could see smoke from the Pacific Policiades fire.
But you know, as you know, sometimes there are very
small wildfires that break out and you kind of see
them and you don't think anything of them in the
(16:25):
moment because it's a rather frequent occurred, not frequent, but
it does happen, and they put them out in a
matter of minutes and it's not a big deal. So
I can certainly relate to the feeling that, oh, that's weird,
that's smoke, but there's not an initial sense of panic
or concern at all. So very surreal time, very time.
Speaker 5 (16:48):
So hopefully there's you know, I know they're still working
on it and hopefully they'll be some better while the yeah, gosh,
I you know again, wildfires are not new this other California,
but man, this one really just seemed to like get
really really bad. And I hope that whatever can be
learned from it, it cannot repeat.
Speaker 3 (17:05):
Itself completely completely.
Speaker 2 (17:07):
The power lines.
Speaker 3 (17:08):
Yeah, that's w let's do it.
Speaker 5 (17:12):
We lost the house that we raised our kids and
got flooded from Hurricane Harvey in twenty seventeen. So but
we had like thirty minutes notice before we had to
leave the house. We moved our pictures upstairs, were able
to loads of stuff up in the car. When you
leave your house in the morning to go to work
or wherever you think you're coming home later that day
and then not come home, like every picture picture of
(17:33):
your grandparents, think priceless things that like may not mean
anything to anybody else, but they mean something to you
that they're gone forever times boousand and fifteen thousand residences
and businesses. That's heartbreaking. Doesn't even describe it for sure.
Speaker 3 (17:50):
That's so true, you know I.
Speaker 1 (17:52):
And obviously we have you on to talk about this
new division you guys are doing.
Speaker 3 (17:57):
And the segue is you know.
Speaker 1 (18:00):
Honestly, what I was telling Matt is it does feel
a little like the end of the world here in
la It certainly has the past week.
Speaker 5 (18:10):
Look like that. It looked like literally up the four
or five in the in the cloud like literally looked
like a meteorite hit the earth.
Speaker 1 (18:17):
Yes, it has felt like that a little bit. And
obviously you know this new division. When I see it
and hear about it, I'm like, this is this is
the kind of vehicle that I need.
Speaker 3 (18:28):
To be able to to manage the end of the world.
Speaker 5 (18:32):
We've had We've had different people, sportsman, hunters, adventures ask
us about specialized vehicles in the past, and we we
built our velosc Wrappers six by six truck. We built
other six by six vehicles, But we've had more people
that are kind of more in the police defense line
of work asked us if we could lend our you know, engineering,
(18:54):
design and manufacturing expertise towards specialized vehicles for those type
of applications. So you know, whether it's defense or or hunting,
or somebody wants to take a group of people out
into the wild and go you know, photograph you know,
wildlife or whatever. It's just kind of a kind of
a natural pivot for us. So one of our one
(19:14):
of our team members came up with a cool name
that we trade barked maybe a year ago, called Warhawk,
which was the name of the P forty. The P
forty fighter jet back kind of in the early forties
during World War Two was a fighter that they had
in the Pacific and kind of had like a The
Flying Tigers was an old John Wayne movie from back
in that timeframe, and so that that aircraft was called
(19:37):
the Warhawk. We were kind of surprised that nobody had
trademarked that, and they're like wanting to put on a
Mustang or something. No hold on, because I think there's
something cool that we're going to work on that we
might do for just in the defense sector. So anyway,
so we decided to put our hat into that ring.
We decided to start with one of the one of
the groups that was asking us to do this work
was interested in having kind of a jeep application, and
(20:00):
so we decided to build our first vehicle based off
of the Gee Gladiator Rubicon. And I think you guys
have seen some images of the of the vehicle we're
going to veil it at the SHOT Show in Las
Vegas next week. So again it's just kind of a
starter point. It's like, we really haven't put that much
time and energy into it, but we wanted to like
again showcase some of our design and engineering capabilities in
(20:22):
our experience with modifying a lot tens of thousands of
vehicles over the last thirty four years. And it's just
another kind of niche specialty industry, and I think a
lot of people companies that are in kind of the
defense space, they just you don't hear much from them.
They don't talk about it publicly, and you know, ultiply
after this interview and after going to the SHOT Show,
we may end up doing the same thing. But I
(20:44):
kind of wanted at least, you know, your followers and
the people that kind of that know us for what
we do kind of in the specialized automotive performance space.
Know that again, whether somebody's looking to build a special
vehicle for going off road to you know, hunt critters
or bad guys, or go take pictures or whatever. That
that again, that's something that is evolving in our as
(21:04):
our company has grown, we are branching out and doing
kind of new and different things and this is this
is something that's new and very specialized.
Speaker 2 (21:11):
It also makes sense. The branding makes sense given the
trail Hawk and the track Hawk, And I know you
work on the track Hawk as well, the last generation
of the Cherokee where you put it up to one
hundred or sorry a thousand horse power. Sure, and so
I think it fits well with with the Jeep brand.
But when I heard about it, I had the idea
(21:33):
that you were actually going to make vehicles for the
defense industry. So what you're saying is this is more
for you know, maybe at militia at most, but more well.
Speaker 5 (21:42):
No, no, to your point that we so in the
recent past, again, we've had multiple requests from different military
organizations for specialized vehicles, but at the time we didn't
have the bandwidth to do it. So after I'd heard
I don't know, have the fifth, fourth, fifth request somewhere
along the way, I'm like, Okay, maybe that's the sector
(22:03):
that we need to pay attention to. So we had
in our product plans to do it last year. We
didn't really, we didn't. The vehicle that you we've shut
the pictures on that we're unveiled next week, we only
started on that We actually started building it maybe less
than ninety days ago, so it went together very quickly.
There was a lot of planning that went into that,
but again we wanted to be able to showcase. So
(22:24):
again it's primarily focused towards defense, but police might want
to use it a fire department. Like again, if you've
got a small fire up in the hill somewhere and
you're trying to get some firefighters there, you know, you
have the ability to load up people and they've got
harnesses and seats and rollcage and whatnot. So again it's
(22:44):
the people mover for off road situations. And again it's
designed to be light, it's designed to be fast, and
there's all kinds of versatility from from armoring or having
a metavac equipment or having command and control. Again, these
are things that we work with some of the different
agencies that are looking at these type of vehicles. They
(23:07):
kind of tell us what they want and then we
come up with modular solutions to kind of give them
what they want. But again it's for for a military application,
you know, a just feedback that we've gotten from some
of the war fighters that we've that we've worked with
on this project. Uh, there's times when something like an
armored Humby is too conspicuous and too slow, and it's
(23:29):
just kind of a hitting duck. So like, if they
want something that's light and fast, if you want something
that you could maybe load up a couple of them
in a in a big helicopter or back of a chinook.
Or if you want something that becomes disabled on the
battlefield and you want to retrieve it and not have
to blow it up, you can go in there and
sling it underneath a chinook and haul it out of there.
So again, I think there's there's there's kind of a
(23:51):
purpose to the vehicle in that it's it's light, it's quick,
it's kind of a you know, if you're if you're
you know, if you're defending the homeland and you got
to go you got to go track down some bad
guys and they'll get them. That's what kind of the
Warhawk is designed to do. So again, there's other things
that we're able to do. Again, this is just kind
of a conversation starter. Again, the Shot Show is the
world's largest trade show that's kind of dedicated towards not
(24:15):
just weaponry, but also for agencies and countries and you
know law enforcement departments that utilize those type of technologies.
And I've never been to the show, but we feel
like that's kind of like the Seams Show for this
type of this segment, and we want to go there
and engage with those different people that are looking for
(24:35):
those type of vehicles and if they need some sort
of a custom solution where we're going to be great
listeners to hear what they might need and see if
there's something that we can help design, engineer, or produce
for them if they have the need.
Speaker 1 (24:54):
John, are you guys adding capacity at your plant and
order to facilitate and tell us about that, and then
also how quickly can you start getting these out to
people who may want them.
Speaker 5 (25:09):
Well, again, so to answer your first question, our business
has grown tremendously. We are getting ready to add another
eighty thousand square feet of manufacturing space, so I'll put
us we're currently at fifty cells, give us one hundred
and thirty thousand four feet. Now within that we have
part of that Tunor School. Part of that's Tennessee Special Vehicles,
which designs engineers and manufacturers of m F five and
(25:31):
we have future products coming from that division. But the
big news that I don't know that we've shared with
you guys. In twenty twenty four, we entered into agreements
with gener Motors and Atlantis to where they are going
to provide factory vehicles, where they're going to inventory those
vehicles on our property. So when we have a dealer
that says, hey, we would like to order ten Hennessee
(25:55):
Tahoe rsts with six hundred and twenty five horsepower and
then bring them directly off of our property into our factory,
modify those and send those to the dealers. So last
the last three years, we've modified between five and six
hundred vehicles per year. This year we feel like we'll
have the demand and capacity to build over one thousand units.
So again not you know, Porsche builds ten thousand, nine
(26:17):
elevens a year. We're pushing a thousand. We maybe hit
a couple of thousand units in the next few years.
So again we've seen a lot of growth. There's a
lot of demand for fun fast vehicles. And again, how
many of the Warhawks might we build? Again, that's you
know right now, if we had an order for those,
I mean again, it depends on what the client wants.
But you know, if it's the basic, the base vehicle
(26:38):
like we've shown you guys in scale, we can probably
start producing those, you know, within ninety to one hundred
and twenty days, you know it. Depending if it's specialized,
they could take a lot longer, depending on what special
equipment they might want. But again, I think that that's
something that we're we're good at and getting better at,
is being able to scale in small volume very quickly.
Speaker 2 (27:01):
As can you give us details on what kind of
suspension components are you going to be using on that
and also what do you what are you doing with
the powertrain?
Speaker 5 (27:10):
Yeah, sure, so basically we can we can you know,
right now, the production vehicles come with UH with the
V six gas engine. We've had requests for diesel. So again,
if somebody, if if a group wanted a diesel version
of the jeep, we would probably buy a use want
(27:32):
to modify that, but we could also do the conversions.
It's a lot more work, a lot more expensive to
do that. So again we're you know, the vehicles are
going to typically be rated it probably a top speed
in between one hundred, one hundred and ten miles per hour,
you know, serviceability, Like these vehicles are probably going to
be going to the other side of the world in
(27:53):
a place where it may be more challenging to get
parts to service them. So again, kind of having a
common fuel, like the get diesel in most places around
the world, that would be an important consideration.
Speaker 2 (28:04):
They have there diesel. But the Pennistar obviously is an old.
Speaker 5 (28:07):
Reliable motor, correct correct, So yeah, keep it keep it simple.
That's that's one off.
Speaker 2 (28:13):
And the suspension do you use I mean, the Rubicon
already comes with some pretty beefy suspension.
Speaker 5 (28:17):
But you again, again, depending on the application, we can
we can raise it, we can lower it, we can
add a more aggress to suspension. You know, look, if
if somebody said, hey, can you put a healthcat engine it,
We've done. We had a vehicle that we built over
the years called the Maximus, which was a thousand horsepower
version of the of the of the Jeep Wrangler and Gladiators.
So we can do kind of any and all of that.
(28:39):
So there's really this is not like a deal where
you know, one size fits all that's going to be
They'll be they will be specially built based on the
very specific application that the client. Again, probably some government
agency has some for some kind, whether it's military, police
or fire, depending on what they want. But uh, again,
I think that the G platform is good platform to
(29:00):
start with, and look, we would we do a lot
of work with Ford and we may end up offering
some sort of a raptorized or a or a bronchoiseed
Bronco music. Absolutely.
Speaker 1 (29:14):
Now.
Speaker 5 (29:14):
I mentioned it to Jim Farley here recently that I
sent him some pictures of what we're working on, and
I said, you know, we really like to kind of
do a Bronco version of this as well. So again
we're not just specifically tied to the G platform, but
again it kind of depends on what the client wants,
what their needs are, and we'll find the base donor
vehicle and modify the vehicle kind of based upon their
(29:35):
very specific requirements.
Speaker 3 (29:37):
And just to clarify, a single private individual could come
to you and also commission one of these, right.
Speaker 5 (29:45):
I've got I've got a local customer who we just
built up a lost rapter one thousand rapptor our truck
for and somehow I think I text him a picture
of it because I know he likes to. He's got
a ranch and likes to go off roading, and I
just sent him a picture of it and he's like, man,
when can I order one of those? So I think,
you know, I've got a friend of mine. I gotted
(30:05):
Chris Barrett. Their family families started a company called Barrett Firearms,
and they'd make that big fifty caliber rifle. And he's
visitors as their factory in Tennessee one time, and he
said that half of their clients were kind of military
and police agencies, and the other half of their clients
are just some rich guy and wanting to toy. So
I don't see that being much different with the Warhawk.
They'll be you know, hunters and outdoorsmen and people that
(30:28):
want to want to do something cool off road, and
then there might be the other half would be you know, military,
government agencies and police. So glad to support Glad to
support them either way.
Speaker 2 (30:41):
I wonder about I'm looking at all your cars on
the website and I have so much fun looking at
every single one. Yeah, I love the Velociraptor five hundred
version of the Bronco. Speaking of that, but I had
two questions. One, how do you continue to offer a
three year thirty six thousand mile warranty in all these vehicles,
do you work with the manufacturer? Do you have to
(31:02):
back that up yourself?
Speaker 5 (31:03):
Well, again, we do have excellent relationships with Ford Silantis
and General Motors. But ultimately, you know, when we pick
a platform and we're going to modify it, we've got
to do our diligence. So we need to start with
a platform that's fairly robust. We don't want to completely
reinvent the entire vehicle, so we want to work with
something that already has, you know, a good transmission and
(31:25):
a good suspension, and so we'll evaluate the base vehicle
perform our modifications, have a period of evaluation to where
we can determine whether we feel like we can offer
a warranty behind it, and if we do, then we do.
And typically that's the number that we track every month.
I mean, I think we're between one and two percent
of our total revenue is goes towards warranty support. So
(31:50):
it's fairly low. So we want happy customers and we
want to be able to support them if they have
an issue with their vehicle. But yeah, it get it
does get a bit tricky that when you start getting
upwards of a thousand horsepower, so we do put some
guardrails on that. If somebody, let's say, has a zal
one Camaro and they want to send it in for
the extress to Seprade, which is a thousand horsepower, will
(32:12):
require that vehicle to be maybe less than a year
old and have less than ten thousand miles to start
with something like that.
Speaker 3 (32:18):
But yeah, makes sense.
Speaker 2 (32:19):
I'm looking at the Raptor R has one thousand and
forty three horsepower. After your this brings up my second question,
which is the Bronco like the Jeep you know and
some of these other vehicles, they look super impressive, amazing
off road capability, and I'm sure the engine's okay for
a lot of people, but it is still a V six.
(32:40):
So is there any way to put a V eight
in a Bronco. It seems like something Farley doesn't care about.
Speaker 5 (32:46):
But you're the second person that asked me about asking
me about that today. So I've got a friend of
mine who's got a place up in Michigan and he
keeps his rapper R up there, and so he was
asking me about our velostroup of one thousand up great
for that and I think he's going to do that.
And he said to me the question, He said, can
I get a Bronco with a V? And I said,
everybody would love to have a Bronco with the VA.
(33:08):
But I said, I don't know that Ford's doing that.
I said, but I'm like with Farley at the Helm,
I think maybe there's a chance. So you're saying there's
a chance, So who knows. I don't know anything. I
don't have any inside baseball on that.
Speaker 2 (33:23):
But uh, you know, when when when Hannah and I
talked to Jim Farley, he says, nobody really wants it,
you know, but then everybody else in the entire world
wants it. So yeah, I don't know what what gives there, But.
Speaker 5 (33:38):
I think here's my here's my answer. I think that
the Eco Boost V six is extremely capable and it's
fun to drive, and we modify that engine so that
three later Eca Boost we bumped from four thirty to
five ten horsepower. But hey, look, you know, Ford brought
us the GTD, they did the four GT, They've got
(34:01):
the Dark Course, they're still building the Pony car. When
you know, Stilantis, at least currently is no longer offering
any of the healthcat pony cars, and GM did away
with the Z one camaros. So you know, if anybody
is gonna come out with some some badass equipment and
put a V eight in a vehicle that you're not
expecting to it would be four. But I don't think
that's imminent. I don't think that's coming anytime soon. But
(34:23):
I hope that that maybe there's maybe there's a chance
that Ford would consider that at some point. The I
would I would be customer number one, so you're.
Speaker 3 (34:33):
Not only customer number two. I'm curious, John.
Speaker 1 (34:37):
You know, we're talking a lot about broncos and raptors
and that sort of thing. But of course, I'm I
always think of things like the venom, you know, and
I'm you know, I can't help but think if you
are doing more and more tactical style vehicles, does that
mean you'll be spending less time chasing records and building hypercars.
Speaker 5 (35:00):
Yeah, not at all, No, not all. You know, we've
got over one hundred employees. We may the end of
this year with one hundred and fifty employees, so we
can certainly multitasks. So look within the cordiona of our company,
is to push boundaries. Just to break barriers is to
we just kind of did our We just presented kind
of our mission, vision and values with our employees at
(35:21):
a big event last week. And the last one of
our company values is true grit. And we basically just
borrow the quote from JFK when when he had his
Moon speech back in the early sixties that we don't
do these things because they're easy. We do them because
they're hard. So, you know, we can modify vehicles, we
can build vehicles in volume. You know, we're building the
(35:44):
F five, we're chasing speed records. You'll hear more about
that at some point in than not too distant future.
And we can also come up with new products like
the world. So we can't do everything, but but I
like to. We like to challenge ourselves and we like
to come up with, you know, a handful of new products. Again,
it's also in our core DNA that we must continually innovate.
(36:05):
And so again I feel like, you know, you can't
just sit on your lulls, and you can't just say, well,
we're good at this and let's just do that and
let's not do anything else. I mean, that'd be the
easy way out and that would work for the short term.
But I was telling my team earlier today, I said,
at some point back in two thousand and eight or
two thousand and nine, some guy called me up and said, Hey,
I've got a new rapper, what can you do to it?
(36:26):
And I thought to myself, why would anybody want to
modify a raptor? Well, had we not taken on that project,
had we not stretched ourselves. And we ended up putting
a twin turbo system on it, which then generated a
phone call from the folks that were producing top Gear
USA at the time, and we ended up racing one
of our Veloci rappers against Tanner fous. Tanner's driving the
rapper and they're racing against the Tanner's driving and racing
(36:46):
against the Halo jumper out of a plane. And when
that came out on History Channel, we had one hundred
inquiries in the first hour.
Speaker 3 (36:52):
Amazing.
Speaker 5 (36:53):
So again, I don't know if anybody wants to buy
the Warhawk. I think it's cool and I think we
do well. We will sew some. But whether we seld
too or we're soull two hundred, I don't know. But
if we don't, but if we but like what to
bring Gretzky say that it's a great thing. That's like,
you missed one hundred percent of the shots you don't
you don't take, So I'm all about taking this shot.
You know, you know there's only shots, so many shots
(37:14):
we can take. But but every year if we're not
taking two or three shots, then we're like then I'm like,
I guess I'm I'm getting old and becoming irrelevant. I
don't want to be that guy. So we're gonna.
Speaker 2 (37:24):
Keep taking good It's good to hear, because that's really
good to hear. I love all the modified vehicles, but
when I look at the Venom, and especially when I
scroll through pictures of the interior, I just want to
get in that thing.
Speaker 5 (37:37):
Well cool, well we need to do that.
Speaker 3 (37:39):
We need to go to Texas.
Speaker 5 (37:41):
Come on.
Speaker 2 (37:42):
Yeah, all right. That was John Hennessy from Hennessy Performance.
I spent like an hour on his website before we
came into the studio.
Speaker 3 (37:49):
He's such a good guy.
Speaker 1 (37:50):
I always loved talking with him, and he's just so relaxed.
I mean, I feel like we can ask him anything
and he'll have a great answer.
Speaker 3 (37:57):
He's a straight, straight shooter, straight talker.
Speaker 2 (38:00):
Yeah, he absolutely is, and what an amazing career. I mean,
we have had him on the show before, and so
I recommend people go back and listen to that to
hear about how he got started. But he really fought
through adversity to create this company that is now a
favorite of so many not only car enthusiasts, but manufacturers.
Speaker 3 (38:19):
Yeah, he has navigated.
Speaker 1 (38:21):
You know, we all see these companies that kind of
come and go and tuners or whatever, and he has
navigated and that and really forged what seemed to be
very strong relationships with the manufacturers themselves and with his clients.
And you know, just to have this presence for so long,
(38:44):
I think is really a tribute to his best practices.
Speaker 5 (38:48):
Right.
Speaker 2 (38:48):
Best practice is a great term, because he clearly also
cares a lot about his employees. And he just mentioned,
like if Hennessy was publicly traded, we would have flashed
that headline. He just said, he's got about one hundred
employees and it'll get up to one fifty by the
end of the year. So real expansion there. It has
been fantastic talking to you, and I'm so glad that
(39:09):
you have stayed out of harm's way of course, I
feel for all those people who weren't able to avoid
uh this and it was a pretty unavoidable tragedy, just spreading.
Speaker 3 (39:20):
Very senseless, I mean very senseless.
Speaker 2 (39:23):
Yeah, hopefully they do bury power lines when they rebuilt LA.
Speaker 3 (39:27):
I would vote for that in a second.
Speaker 2 (39:29):
And uh, but what what do you have coming up?
What's going on for Hannah Elliott next week?
Speaker 1 (39:33):
That is a great question, you know, it's no surprise
this aston Martin Vanquish Loan was rescheduled. I've also got
a Portia Macon EV.
Speaker 3 (39:47):
Coming to me.
Speaker 2 (39:48):
Speaking of me, I'm pretty sure he bought one the ev. Yeah,
he got an electric Macan.
Speaker 3 (39:55):
Oh, fascinating.
Speaker 2 (39:56):
Yeah, he had been in an electric car are for
a while, right right.
Speaker 3 (40:01):
The Machi exactly.
Speaker 1 (40:03):
Yeah, so he this is his thing. Yeah, so that's
kind of what's coming. You know, it's still feeling as
slightly volatile here in LA. So I actually am aware
of a couple automakers, uh rescheduling and shifting planned events
that they had here in the next few weeks.
Speaker 3 (40:21):
But yeah, that's that's what I got.
Speaker 2 (40:23):
What about you? I, uh, I don't really have anything
that exciting coming up until next month, obviously, it's kind
of winter here. So the first thing I'll get that's
at all interesting I think is the RAM fifteen Joe.
But it's not the uh, it's not the what do
(40:44):
you call the E rev truck that they have. Oh,
I don't know, the RAM charger. It's not the RAM charger.
So that's the one I'm really excited to try. But
I will be spending more time with my own car.
I put winter tires on my Challenger.
Speaker 3 (40:59):
Amazing.
Speaker 2 (41:00):
Still able to do burnouts at the drop of a hat.
But it's a lot of fun to drive that thing
around the cold roads. Simple pleasures, the simple pleasures of life.
All right, I'm gonna run over and anchor some Bloomberg
TV right now, and you, Stacy.
Speaker 3 (41:15):
Thanks.
Speaker 1 (41:16):
I'm Matt Miller and I'm Hannah Elliott, and this is
Bloomberg