The potential of the car market ‘looks pretty bright’: Jay Leno

Yahoo Finance’s Pras Subramanian previews his job interview with Jay Leno at the L.A. Vehicle Show, and highlights some of this year’s greatest reveals.

Video clip Transcript

ADAM SHAPIRO: Our senior producer Pras Subramanian acquired the ideal assignment in the entire world. He is at the Los Angeles Car Present. And who’s this fella Jay Leno any individual that you have been talking to?

PRAS SUBRAMANIAN: Which is appropriate. Hey, Jay, Jay was there. But Seana and Adam, I truly overlook your men voices. It has been a extensive time in this article. I’m seriously lacking you men. But anyway, yeah, I spoke to Jay Leno. We couldn’t go to LA with no going to the most preeminent, just one of the preeminent motor vehicle collections in the earth. That’s Jay’s facility, his garage. It is crazy. We talked to him about the auto field and what he type of, sort of his takeaway after sort of a lengthy yr with the providers, and also why he’s kind of hopeful. Let’s choose a hear.

JAY LENO: Properly the awesome point is, at least as significantly as the American aspect, American production is now remaining run by engineers. In the ’70s, ’80s, even the ’90s, we introduced Bill in from Whirlpool. He is heading to operate the automotive division. And Jim from Maytag. They are not engineers. They’re sector individuals. I can try to remember when Chrysler was just turning out K-vehicles just to turn them out. And with any luck ,, we’ll deal with them underneath warranty. And the good news is, all the firms now are getting run by engineers. Mary Barra is an engineer, Mark Reuss at GM, he’s at Nurburgring just about every weekend tests automobiles himself.

Ford, it really is really thrilling. I suggest, I appear at the new Corvette that just arrived out. And they constructed a $300,000 automobile for $65,000. I suggest, the new Corvette has a bespoke motor, 4 cam, 4 valves, flat plane crank just like all the European exotics. It’s the most impressive generally aspirated engine you can get. So I consider the foreseeable future appears to be really vivid.

PRAS SUBRAMANIAN: See I think Jay is very hopeful about the US production in normal, US automobile makers in common but how where they heading. Mainly because they are led by these engineers. So and we are going to have far more on that entire dialogue with him. We talked to him about comedy, about the return of fans to actually to his performances. So we’ll have much more of that future 7 days.

SEANA SMITH: Pras one particular of the issues that Jay Leno just stated, the new Corvette. It was revealed at the display. And I just was looking at a headline that called it the top Chevy desire motor vehicle. What did you think of it?

PRAS SUBRAMANIAN: We sat inside it these days. And I in fact spoke to one particular of the products administrators of that automobile. It is really incredibly extraordinary. Search. It truly is just one of the previous terrific gasoline run autos you happen to be almost certainly going to be able to buy. It is the most effective in a natural way aspirated V8 engine in the planet proper now. And they produced it just for that car. And guess what? It truly is going to probably be a very little a lot less than $100,000, which appears like a good deal of cash, which it is. But I imagine it really is a value proposition. It can not be conquer.

A different issue that Jay also stated, I want to pivot truly immediately in this article, which is again to EVs and Fisker. We spoke to Henrik Fisker before currently about the Ocean SUV, the new production model of that. And it is really rather amazing in phrases of what you get in terms of 300 mile array, up to 500 horsepower at the greatest trim. But then also it really is the price tag. It can be going to be below $40,000. And so the big problem I have is how are they likely to make that occur? And Henrik is applying deal production with Magna in Austria. And it’s possible that is what he is discovered from his earlier activities with the car enterprise that went out of company is possibly you have obtained to have associates that can assist you far too.

And finally, I want to speak about the Hyundai Ioniq 5. This is heading to be an EV crossover which is going to arrive out following thirty day period I consider. And I was seriously amazed by it. I imagined the retro, futuristic appear of it really was charming. It is going to have about 300 miles of vary as very well, not the most power in the world. But it must occur in close to $50,000. So it really is a very good price proposition. So which is definitely interesting to me. But I also bought to say, appear. I am at the Toyota stand proper now in front of the Toyota RAV4. This is essentially the quantity one particular offering non truck in The usa.

It’s a crossover SUV. It can be a hybrid. This is a hybrid in this article. It can be what People in america are acquiring hand above fist. And you sort of obtained to say, hey, the EVs are there. But Toyota is still in this article. They’re nonetheless making the RAV4. And finally, Toyota’s an set up brand. There’s also upstarts. VinFast. This is a Vietnamese business, Vietnamese startup. It can be acquired two electrical vehicles coming out. They’re not going to be here in the States just yet. But they may well be. And they’re coming on quickly if you question me, these upstarts. Seana.

ADAM SHAPIRO: Hey Pras. I am heading to I’m likely to have some fun with you. Convey to your camera guy to zoom in on that Vietnamese vehicle. Even though I obtained to notify you, the Ocean seemed incredibly hot and the Legendary is it named at Hyundai looked sizzling. And you’re chatting to a man– my first significant boy auto I purchased myself was an ’87 Hyundai Excel. Two door tuna fish can. So is any one talking about the conclusion of the gasoline engine? Due to the fact people EVs are incredibly hot.

PRAS SUBRAMANIAN: We questioned Jay about that. And he imagined that this is mainly the previous hurrah for the gasoline driven motor truly. Fundamentally he is indicating that this is likely to be the finish of the street in terms of 90% of cars marketed are fuel driven. So and that is sort of the peak, we’re at peak gas car. And it really is all going to variety of little by little trickle down. And EVs are going to go mainstream. The problem is, how quick will that be? Will that be tomorrow? Will that be in 5 a long time? Will that be in 20? I think which is the large problem that automakers are trying to solution. But I imagine if you seem at Wall Street, they are betting on it happening significantly faster. That’s my takeaway.

ADAM SHAPIRO: I haven’t been informed to wrap with you still. So I acquired to talk to you, do you have a most loved at the display? Is there a car which is just going, Pras, you’ve bought to drive me?

PRAS SUBRAMANIAN: Nicely I suggest, that Z06 was quite hot. That was a quite– that’s seriously up my alley in conditions of a car that you get the most out of a gasoline powered car or truck as you can. The engine’s in the again. Seriously excellent. The Hyundai Ioniq, I assume which is likely to promote like hotcakes. It just appears the portion. It just looks wonderful. I genuinely like that auto. And there are some vans right here. You can find a new Toyota Tundra, the Nissan Frontier, some pickups. Pickups. People in america really like their pickups. So they’re normally heading to be here.

The query is, when are we going to get people electric powered pickups? Ideal Adam? The Rivian’s going to occur out shortly hopefully. With any luck , we get our arms on that. But and then the F-150 Lightning’s listed here way too. So that was pretty outstanding. So I assume that’s type of the blend of trucks, EVs, and a truck EVs as effectively.

ADAM SHAPIRO: All right. I see you in an Audi, what is it, is it the A7? Or in BMW 700 sequence. But that is just what I see you driving.

PRAS SUBRAMANIAN: Hey that performs. I like that.

ADAM SHAPIRO: Properly, place it on the finances. You can do the expenditure report. Money’s no item at Yahoo. Pras Subramanian at the LA Automobile Present. Thank you incredibly much.