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Bloomberg Audio Studios, podcasts, radio, news.
00:39
I'm Hannah Elliott.
00:40
And I'm Matt Miller.
00:41
This is Hot Pursuit.
00:48
Coming up on today's podcast,
00:49
we'll talk Rivian, the EV maker has hit a few snags
00:52
lately, including announcing some job cuts,
00:54
but I finally got the chance to drive the R1S.
00:57
I'm like the last person on the planet to drive this
01:00
big, expensive, beautiful electric SUV
01:03
that's all on the way on Hot Pursuit.
01:06
But first, Hannah, you just got back from Munich
01:09
and you are here with me in New York City.
01:12
Yes, live in living color.
01:14
It's so good to be here in City of New York.
01:17
It's been too long.
01:18
I'm really glad to see you.
01:20
What was it like at the last auto show that left?
01:24
I think we can call the IAA, the last auto show.
01:28
It's really interesting.
01:29
They do a great job of sort of incorporating
01:31
that whole show throughout the city of Munich.
01:34
So a lot of it is accessible to the public.
01:36
Each automaker creates these huge outdoor stands
01:39
with their new cars, BMW, Porsche, Mercedes.
01:44
They all have these big outdoor exhibits
01:47
And then there's also a conference center part
01:49
where journalists like me go in and do executive interviews.
01:53
So it's kind of, it's good.
01:57
It's also polarizing.
01:58
There are scheduled protests of people
02:00
who are unhappy about European transport in general
02:04
next week and someone made the comment,
02:07
look out for any flying tomatoes.
02:08
Wait, people are unhappy about transport.
02:10
They just want to stay in one spot at all times or what?
02:13
I think it's more about the idea that,
02:16
where electric regulations are going
02:19
in the EU specifically.
02:21
That's a very polarizing thing, especially when-
02:24
Because they're being peeled back
02:25
or because they want to get away from ICE engines faster?
02:29
Because they want to get, actually,
02:31
they don't like the fact that EVs are being pushed.
02:38
So the process on the other side.
02:39
Exactly, like this is a mobility conference,
02:41
not necessarily a car show.
02:43
So they're really trying to say,
02:45
oh, this is, it's all about the future of mobility,
02:47
which actually means, within the conference center walls,
02:52
there are a lot of vendors from China,
02:53
like I saw all of these Chinese brands,
02:55
I had never even heard of before,
02:57
and there are lots of suppliers.
02:58
It's kind of like a SEMA in a way too.
03:02
I wish I could go to SEMA.
03:03
I think you will one day.
03:04
I would love to go.
03:05
To me, that would be the most exciting,
03:07
because I love the aftermarket stuff.
03:09
I love modding cars.
03:10
I love buying accessories,
03:13
and I guess that's the place to go.
03:15
This is your spiritual home.
03:17
But back to Munich, the releases I saw
03:20
were kind of EV releases.
03:24
We talked about the new GLC with Ola Colonius last week.
03:29
We've talked about the IX3, the BMW Neue Classe,
03:34
which is about as traditional and boring
03:37
as you could get for a vehicle launch, right?
03:39
Well, some people are calling it really edgy
03:42
and forward thinking.
03:44
It just looks like an X3,
03:46
except for the electric version.
03:47
I think for the Germans, they think,
03:50
there was a lot of talk about the Neue Classe in general
03:54
being really an edgy, strong step forward.
03:57
And honestly, I'm with you.
03:58
I don't see that at all.
04:00
Yeah, I call it giant BS.
04:01
These are incremental changes at best.
04:03
Even the GLC, it has a different grill kind of,
04:08
but it still looks exactly like the old one.
04:11
I get that under the skin, there are important changes,
04:14
a lot more range, much faster charging,
04:18
but the look of those vehicles
04:20
isn't gonna rock anybody's world.
04:23
And the Neue Classe, the original concept vehicle
04:27
that they put out, now that was edgy
04:30
and I initially hated it as we discussed.
04:33
And now I think it's kind of giving me 2002 vibes,
04:37
which are cool, so I'm liking it more and more,
04:40
but those consumer hatchback, big station wagons,
04:46
No, no, these are completely ubiquitous,
04:50
especially in Europe.
04:51
One piece of good news that Mercedes announces,
04:54
you know the Mercedes volume control
04:57
on the steering wheel, how traditionally
04:59
it's been the roller knob that you let,
05:01
it feels really nice under your thumb
05:02
and then they went to the haptic thing.
05:05
You just touch, you just move your thumb up.
05:07
Which nobody liked.
05:08
They announced for the GLC they're bringing back
05:10
the rolling knob, which is great
05:12
and it's a rare case of when an automaker
05:15
actually like pivots and goes backward by special requests.
05:19
Thank goodness, they do that.
05:21
It's like Cracker Barrel, they listen.
05:23
We didn't like the new logo.
05:26
We don't want the redesigned stores.
05:27
Even President Trump cares about that.
05:29
It's like top of his list of things.
05:31
Anyway, I liked the Mercedes volume control in theory
05:35
and I liked the way it looked
05:36
but it just didn't work very well.
05:39
By the way, speaking of incremental changes,
05:41
did they also show the new 911 Turbo?
05:43
They did, the 992.2.
05:48
It's got like two electric turbo chargers, right?
05:53
So it's got a little tiny battery.
05:55
It's like a GTS plus.
05:56
Yeah, to me, honestly, it looks exactly the same.
06:00
I would be really hard pressed
06:02
and I wouldn't even put any money down
06:05
being able to tell the difference between the 991 and 992.
06:10
By the way, the thing that differentiates the turbos
06:13
from a plain J911 is the big intakes
06:18
in the rear wheel wells, right?
06:21
And then the little tail on the back.
06:23
Sometimes, sometimes, but not necessarily.
06:25
Do they not all have that big hole
06:27
in the rear wheel wells?
06:30
Because I don't love that look
06:32
and I'm not sure is it necessary?
06:33
This is wading into the whole turbo conversation
06:37
where turbo is a marketing badge now at Porsche.
06:42
Turbo is an actual variant line.
06:45
So every Porsche 911 has a turbo charger.
06:51
No, yeah, of course, of course.
06:52
The term turbo doesn't actually
06:55
necessarily mean anything mechanical.
06:57
It's like a marketing badge.
06:58
And the Taycan obviously has no turbo.
07:00
Exactly, and they're still calling.
07:02
They call the top end, yeah, that's super annoying.
07:05
I wonder who at Porsche came up with that idea
07:08
who was like, there's not gonna be a turbo charger
07:11
in any of these EVs, but we're gonna call
07:13
the best one a turbo.
07:14
And all of these ICE cars are gonna have turbo chargers,
07:19
but we're not gonna call any of them turbo
07:20
except for the top one.
07:26
I would love to know.
07:28
I would like to know also.
07:29
I would be so surprised if we ever knew.
07:34
I don't know, someone in marketing probably.
07:36
Well, the thing is I would love the turbo power
07:40
and the turbo ease.
07:42
And one time I ran into Wolfgang Porsche,
07:46
either at the IAA in Munich years ago
07:48
or in Geneva, and I asked him what his favorite 911 was.
07:53
And I was so hopeful that he was gonna say something
07:55
really cool like the Steve McQueen.
07:59
He said, whatever the newest turbo is, that's my favorite.
08:02
And I was kind of bummed out about that.
08:04
But I get his point.
08:05
That seems like a sales answer.
08:06
Well, but also it's like the most developed,
08:09
most driver friendly, fastest, most powerful.
08:13
The only thing I don't like about it,
08:15
because I like the ease and luxury of it,
08:18
I don't like the extra looks,
08:21
like the holes in the wheel well or the tail.
08:24
Like I just wanna smooth 911
08:27
that's kind of understated.
08:29
I kind of like the extra looks, you know?
08:32
To me, they make the smoother one seem a little bit boring
08:35
and a little bit too flat somehow.
08:38
Well, by the way, didn't you guys drive yours
08:42
to your like 991 turbo
08:45
to Monterey to try and get more miles on it?
08:47
Have you got 200,000 yet?
08:48
No, I think we're at 197 and a half or so.
08:51
And in fact, next weekend we're gonna be driving
08:53
that car to Denver from LA in a day,
08:58
specifically to add miles.
08:59
It's my mom's 70th birthday.
09:01
And so we're doing that drive number one,
09:03
so we can bring the dog.
09:04
But number two, so we get miles on the 991.1.
09:09
You're bringing a 911 turbo on a trip from LA to Denver
09:12
so that you can bring your German shepherd.
09:15
Yeah, of course that makes sense.
09:16
This is very important.
09:18
Well, happy birthday Mrs. Elliot.
09:20
And I'm so proud of you guys
09:23
for racking out the miles on that vehicle.
09:25
Coming up, we're gonna talk Rivian.
09:27
I'm Matt Miller for Hannah Elliot.
09:29
This is Hot Pursuit from Bloomberg Radio in New York City.
09:36
Now let's talk about the Rivian R1S.
09:45
And like I am the last person on earth to drive this.
09:48
A bunch of guys in my neighborhood,
09:51
a bunch of dads already have one.
09:53
And I know you've driven at least two of these vehicles.
09:56
Got a flat wheel in the truck version.
09:59
Yeah, I got a flat.
10:00
Well, it was on an off-road like driving course.
10:04
Oh, so with other people?
10:04
It was with other people.
10:06
Yeah, it was in a rather controlled environment
10:08
and I did halfway change it myself.
10:13
I don't think I've changed a wheel.
10:14
Actually, no I did.
10:15
I changed a wheel recently
10:16
on a giant like GMC Yukon that had 24s.
10:20
I remember, I think you told me about that.
10:22
That's pretty cool.
10:23
And that took forever.
10:23
That was not satisfying.
10:24
I mean, you need a lot of leverage on that crowbar to get.
10:26
I mean, what did you get used to get the lug nuts?
10:30
It took me like an hour
10:31
and I felt like a total failure.
10:33
But I remember years ago,
10:34
I changed a wheel on a bug in Vienna.
10:37
Oh, that's very, very cool.
10:38
And I was with two young ladies at the time.
10:42
I'm sure, that must have been a high point for you.
10:45
So this Rivian, I have been wanting to drive forever
10:48
and haven't had the chance,
10:49
but I love the design so, so, so much.
10:54
You like the headlights.
10:55
I like the headlights.
10:57
I like, for me, the interior
11:00
is also like extra winter class.
11:02
It reminds me of like a modern version
11:04
of an old Jeep grand wagon here.
11:06
Yeah, I can totally see that.
11:07
It's got the plaid carpets.
11:08
It doesn't have a front bench,
11:09
but it's pretty open up there.
11:13
So I basically drool over them
11:16
every time I see them on the road.
11:18
I look at them, follow them every time they're on BAT
11:21
or I search for them on AutoTrader.
11:25
They always are too expensive for me
11:26
to really consider getting.
11:28
But now I've driven one
11:30
and I was pretty disappointed.
11:38
The software is just not there.
11:41
For example, satellite radio is so great
11:45
because it uses a network of satellites
11:48
and not the internet.
11:50
However, in an effort to save money,
11:52
Rivian does not have a satellite receiver.
11:55
They use the internet to give you
11:57
streaming satellite radio.
11:59
So, you know, I'm leaving for work one morning early
12:03
and I listen to Bloomberg radio all the way in
12:04
so I can get informed.
12:05
You're in the zone.
12:06
Yeah, and it's like no internet found.
12:10
And it takes me like 15 or 20 minutes.
12:12
Oh, that's so distracting.
12:14
Before I finally get enough internet
12:16
to listen to the radio.
12:17
No, that's terrible.
12:19
And that sets the tone probably
12:20
for the full experience of when you're in the vehicle.
12:23
Because you're kind of like annoyed
12:25
that you didn't hear what you wanted.
12:29
I mean, for a $90,000 vehicle,
12:31
which it ends up being if you buy the good model
12:33
and dress it up, that's not acceptable.
12:37
The other thing is, I don't know about previous versions,
12:40
but this 2.0 comes with a key card.
12:43
Oh yeah, I'm not a fan of the key card.
12:45
No key fob, just like a credit card size thing.
12:48
And I thought at first, that's cool
12:50
because I'll just put it in my wallet
12:52
and I'll never even think about it.
12:54
You can't have it in your wallet or in your pocket.
12:57
It has to literally be on the center console.
13:01
And that's just like why at that point,
13:04
why not have an actual key?
13:07
You might as well, yeah.
13:08
And then I realized later, it also causes problems
13:11
when you're, when you want to lock the car,
13:14
there's no lock button.
13:16
So even if you walk away,
13:17
or at least when I walked away with a key in my pocket,
13:21
It's confusing that happened to me too.
13:23
Normally flat, they stick out, they stay out.
13:25
That's not a good look.
13:26
And it's an invitation for other people to come
13:29
It says this car is not locked.
13:31
And then so I Googled it, tried to figure it out.
13:34
I guess if you're an owner,
13:35
you can order a key fob for extra money.
13:38
Yeah, you can do the app.
13:39
And I imagine you have to be an owner to do that.
13:42
So as a test driver, I wasn't able to do that.
13:47
But I guess you would if you owned a car.
13:49
It did say you could hold the key up on the B pillar
13:52
and that would lock the doors.
13:53
Yes, I remember doing that when I did the drive.
13:56
I couldn't make it work.
13:58
It really, you had to like hold it just.
14:00
It's one of those things where you have to hold it
14:01
just right and hold it there for a minute.
14:03
It's not intuitive, it's not easy.
14:06
And also what happens when you're wearing gloves
14:08
and you're fumbling or it's cold out or it's raining.
14:13
It's the last thing I wanted to be standing there
14:15
with a little card trying to like lock or unlock the car.
14:17
When you're introducing a new vehicle,
14:19
you want to exceed expectations,
14:21
especially if it's a $90,000 vehicle.
14:25
And I just don't understand why you would design
14:28
and put out a new vehicle that's not good.
14:31
Like why do a bad job of it?
14:33
Philosophically, this is the problem
14:35
that I've always had with electric startup car companies,
14:39
which is that they seem to believe
14:41
that because they're doing something brand new
14:44
that is quote unquote good for the environment,
14:46
they should get a pass on basic usability
14:50
and basic practicality.
14:52
Like somehow we should overlook these annoyances
14:55
and problems just because we know,
14:57
oh well we're virtuous now
14:59
because we're buying an electric vehicle.
15:02
That doesn't work for me.
15:02
Or because the design is amazing.
15:03
One of the good things they do
15:04
is they put a really nicely illustrated picture
15:07
of the outside of the vehicle.
15:09
On the inside of the vehicle.
15:10
So you're like, oh, I'm driving this.
15:12
Yes, which is cool.
15:13
And that can be tailored,
15:14
like I was speaking with the Rivian folks in Monterey
15:17
and they had a special Pebble Beach version
15:21
of their interior, which did look really cool.
15:23
And they're very proud
15:24
that you can customize that drawing to match your car.
15:28
That's really cool,
15:29
but that should be like the icing on the cake.
15:32
Like the rest of the car has to actually be working.
15:35
And like intuitive.
15:36
And so the turn signals,
15:38
when you try and cancel the turn signal,
15:39
it just turns on the opposite turn signal.
15:42
And it's got these little screens like a Kia or a Hyundai.
15:47
When you're switching lanes,
15:49
it shows you what's next to you, which is great,
15:51
but it's so small and hard to see that it's useless.
15:54
There's just so many places
15:56
where I feel like they could improve.
15:58
And I wish they already had
15:59
before they charged that much money
16:00
because otherwise why don't I buy an EV9, which is like...
16:04
We always go back to that.
16:05
We always go back to the Kia EV9, or yeah, sorry.
16:10
Yeah, I'm like, yeah, of course.
16:11
We're always going back there.
16:12
The Hyundai version is the Ionic 9,
16:13
but it's, I think the Kia is the...
16:16
And for this, what is this, $90,000 or so,
16:21
It has to be better.
16:22
What did you think about how it drives?
16:26
but it just wasn't knocking my socks off.
16:31
And if you put it, I figured a lot of people
16:34
don't like the way it drives
16:35
because they probably put it in sports mode,
16:37
which lowers the suspension to the second to last level.
16:40
And then since you're there and looking at it
16:42
and seeing sport, you probably pushed all the way down.
16:46
And then on normal American streets,
16:49
which need a refresh, it's a horrible experience.
16:53
So what I ended up doing halfway through my week with it
16:56
is putting it on the highest setting for driving,
17:00
which improves, you know...
17:04
Yes, it improves the ride over exactly.
17:07
The Bronx River Parkway or the West Side Highway,
17:11
but it doesn't improve handling, obviously,
17:14
and it doesn't help your range.
17:15
So I don't care that much about those things
17:18
when I'm driving a big truck.
17:19
I like to be high up and it does that really well,
17:22
but just not something I'm willing
17:24
to pay a lot of money for.
17:26
Yeah, you know, it's interesting.
17:27
I've seen a couple of my neighbors
17:29
who used to drive Teslas around the neighborhood.
17:31
They have now switched to Rivians.
17:32
And I think that is because of sort of the politics
17:37
So Rivian has emerged as maybe like a viable alternative
17:43
to people who don't wanna be seen to be supporting Elon.
17:46
I'm Matt Miller along with Hannah Elliott.
17:48
You're listening to Hot Pursuit.
17:50
We have more coming up after this.
17:57
This brings me to what I am most excited about.
18:03
And that is the Scout.
18:06
Have you spent any time looking at the Scout?
18:10
So the Scout, for me, it checks so many boxes.
18:14
The problem is it's so far off
18:16
that we don't know what it's really gonna be like.
18:18
But it is an actual body on-frame truck.
18:21
So we'll have the rugged,
18:23
usability of like a Tahoe or an expedition, right?
18:31
It's gonna be bigger than the Rivian,
18:34
Some people will think that's too big.
18:38
Because the Rivian itself is a seven-passenger vehicle.
18:42
But I mean, those seven passengers
18:43
are sitting pretty close together.
18:44
Yeah, they're kids.
18:47
I hope there's a little bit more interior room.
18:49
I love the design of the Scout.
18:51
It looks really cool.
18:53
And I've spent, because I'm in the Rivian,
18:55
I've spent a lot of time looking at the Scout on the website.
18:57
And it can have a range extender.
18:59
So they're promising now
19:01
at least 350 miles of range,
19:03
which is pretty good.
19:05
By the time it comes out,
19:06
I hope it's even more.
19:08
And you can buy a little motor.
19:10
You can option a little motor in there
19:13
So it doesn't drive the vehicle,
19:15
but it charges the battery.
19:16
And they say that will work.
19:21
It has hopefully decent to massive range.
19:24
And it looks imposing
19:26
and can hold a lot of child services.
19:30
that this is the American automotive start-up
19:32
that was founded in 2022,
19:34
but is now backed by Volkswagen.
19:37
So it's got some serious backing.
19:38
It might actually happen.
19:39
Well, and it's got some serious backing.
19:41
It might actually happen.
19:42
Well, and it's got some serious backing.
19:44
It might actually happen.
19:46
It might actually happen.
19:47
Well, and it's tied closely to Rivian, right?
19:49
Because Volkswagen owns a significant stake in Rivian,
19:52
and they've said that they're going to use
19:53
Rivian technology on the Scout.
19:55
So if you like some Rivian technology,
20:00
which by the way is also sorely lacking, right?
20:02
Because they have a 400-volt architecture.
20:04
It's like using a really thin hose
20:06
to try and squirt a lot of water through.
20:08
But this Scout will be 800-volt architecture.
20:11
So it'll charge much faster than the Rivian.
20:14
And that's what VW is using throughout,
20:16
basically all their platforms are trying to get
20:18
throughout the company.
20:19
I mean, it actually looks cool.
20:23
I'm pretty excited.
20:24
They'll offer obviously a truck and an SUV version.
20:25
For me, I've found recently that pickup truck
20:28
doesn't offer that much utility.
20:30
The most I'm doing is towing like a motorcycle
20:32
on a boat, so I'm not putting anything in the bed.
20:35
I just want, now this is one of the problems.
20:38
I do want three rows.
20:40
Because for your kids.
20:47
If I ever get some.
20:48
So they don't yet have a three-row version,
20:51
but I can't imagine they don't try and cash in
20:53
on a suburban competitor.
20:55
I was just going to...
20:56
You know what this is making me think of?
20:58
How's the Escalade doing?
21:02
Well, no, the Escalade EV is way too expensive.
21:04
It's like 150 grand.
21:06
It is, but we liked it, right?
21:08
I mean, I love the look of it.
21:10
It has obviously a lot of room.
21:12
It's the first time that I really felt a vehicle was too heavy.
21:18
Which I was like, wow, this really steers amazing.
21:21
Maybe I'll have another go.
21:22
Like the Escalade and the Hummer, I love because of the range.
21:26
They're so huge and imposing.
21:27
They're just like rolling houses.
21:30
But the price of the Escalade IQ leaves me out.
21:35
Even an Escalade ESV, like with a gas-powered engine.
21:39
Well, you don't play in the NBA.
21:42
It's not the right look.
21:43
Yeah, you're not...
21:44
I think if they don't have an EV version, I'm just going to go with a suburban, like a Chevy
21:51
They still end up being pretty expensive once you put the 6.2 liter V8, but I'll have
21:55
to have that because I wouldn't be able to live with myself in a smaller displacement
22:00
just to save a few grand.
22:03
But yeah, I feel like there's no real competitor.
22:05
I am going to drive the Ford Expedition, what do they call the big version?
22:15
The King Ranch and the Platinum and the Basic all come in an extra, like a mega version.
22:20
They call it the Expedition Mega, but I can't remember.
22:23
That's so funny you mentioned that because I'm doing a big assignment on Texas in October
22:28
and I'm going to take a huge road trip and I'm going to have a big Expedition
22:32
King Ranch for the road trip.
22:35
So this might work out very well for us because I'll have some thoughts, I'm sure.
22:39
Wait, are you going to actually go to the King Ranch?
22:42
Because there is a real King Ranch in Texas.
22:47
That'd be a great idea actually.
22:49
Okay, so I just looked up.
22:50
The long version of the Expedition is called the Max.
22:54
I'm going to try it out.
22:55
I've been super impressed lately with Ford and Lincoln vehicles, especially the interior
23:00
and the sort of luxury of them.
23:02
But again, this is going to have just a three and a half liter V6.
23:11
They haven't made any noise about putting out a bigger motor.
23:14
And there's no hybrid version.
23:16
I feel like if we're going to live in the Trump era and we're going to deregulate
23:21
everything and cancel laws and stuff, why doesn't Ford put a 6.2 liter V8 back
23:27
in their trucks and their SUVs?
23:29
Like cafe standards are getting thrown out.
23:31
Nobody needs to buy EV credits anymore.
23:33
Like they're saving.
23:34
Jim, Jim Farley, are you listening?
23:36
There was a story, David Welch and Keith Knot put out a story last week that Ford has
23:41
saved one and a half billion dollars by no longer buying those carbon credits.
23:47
Yeah, you might as well.
23:48
Put the big engine.
23:50
It would definitely sell.
23:52
I mean, you're not alone, Matt.
23:55
That's it for this week.
23:56
What have you got coming up?
23:57
There are a couple of cool car things happening in LA this weekend.
24:00
There's a show in Long Beach.
24:02
My friends from Texas actually that do the hand-built show.
24:07
It's a big motorcycle show.
24:09
They're doing a similar one in Long Beach this weekend.
24:11
So I may find myself there.
24:13
And then, yeah, like I said, next week at the end of the week, driving to Denver.
24:20
I'm actually going to drive the new Ducati XD Aval-S.
24:26
What does that mean?
24:28
It's Ducati's big muscle bike, but it's a feet forward cruiser.
24:32
So no rear sets on this.
24:34
I'm pretty excited about that.
24:36
I actually owned an XD Aval and like two or three regular Davals in the past.
24:42
So I'm pumped about that.
24:43
Plus, speaking of car shows, my buddy, Phillip is having his turtle invitation in Bedford
24:49
at the end of the month.
24:51
I'm going to go and I may even speak on a panel.
24:54
This is approved by the brass here at work.
24:56
So yeah, there's a lot of, and like I said, I'm going to drive that Expedition Max and
25:01
see if it'll be big enough for my family.
25:05
So that does it for this week's show.
25:07
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25:13
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25:15
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25:17
Email us at hotpursuit at Bloomberg.net.
25:20
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25:25
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25:28
Go there for car reviews, events and stories that you won't find anywhere else.
25:32
Find it all at Bloomberg.com slash pursuits slash autos.
25:37
And I'm Hannah Elliott.
25:38
We'll be back in your podcast feed again next week.