Matt Miller

And let me start, Laurent, with you, because you've said...

that this is the steepest hill F1 has ever had to climb.

New regulations this year are sweeping.

It's not just a tweak here and there.

And you're starting with a brand new partner with Ford who is gonna build the engine with you as a collaboration.

Why choose Ford as a partner?

Jim, for you, this must be exciting because you've built, honestly, a new legacy for Ford in terms of racing.

I mean, on the one hand, you've got the new industrialized America here.

On the other hand, you're going back to Le Mans.

with a hypercar in a couple of years, you're essentially doing DFV 2.0, right?

This is like the Cosworth of old.

When you're talking to Bill Ford, when you're talking to the shareholders, how do you justify this spend and this drive to go racing?

And you've obviously got a deep, rich history there and you're bringing your software and battery technology, those capabilities, to Red Bull Racing.

But for you, Laurent, this is a whole new thing, right?

Building the engine.

I know you're getting a lot of help from Ford.

What are they helping you with on the fuel side?

especially since I think you've said you gave up some time focused on last year's car, so you're in a hurry to make sure that this year, this new car, when Max gets in it in Bahrain, right, that it's a winner and not a learning moment.

How do you make sure that you're winning straight out of the gate?

Jim, what can you bring back from this, I guess, laboratory, if you will,