Just like Fords “Edsel” model in the 1950s, Trump administration economist Steve Moore cautioned that electric vehicles (EVs) may be the auto market’s “next big flop.”
“Henry Ford’s son was named Edsel, and this was going to be the great car, all of the executives said, ‘This is the car everybody’s going to want to buy.’ Ford made 500,000 of these new sedan cars, but guess what?” Moore said on “Varney & Co.” Monday. “Nobody bothered to ask consumers whether they wanted the car.”
“And of course, the Edsel was one of the great flops of all time,” the economist continued. “I’m here to tell you, if these trends continue, we’re going to see the EV market become the next big flop because car buyers don’t want them.”
Moores comments come as the EV push at Ford and General Motors hit a speed bump thats cutting into the automakers profits and causing them to reevaluate their electric plans amid a price war and supply chain challenges.
Ford noted in its earnings report released last week that its EV unit posted a quarterly loss before interest and taxes (EBIT) of $1.33 billion an acceleration after a loss of $1.08 billion in the prior quarter. It added that its cutting production of its Mustang Mach-E while scaling back about $12 billion in planned investments in the EV segment, including delaying its second battery plant in Kentucky.
General Motors saw its quarterly profit reduced by about $1.5 billion because of higher costs and the impact of selling more EVs, though it doesnt break out losses from its EV unit in the same way Ford does.
GM CFO Paul Jacobson said that it would abandon an interim goal of building 400,000 EVs from 2022 through mid-2024, instead focusing on a goal of “getting to 1 million EVs of production by the end of 2025 alongside hitting our margin targets.”
“Given the huge losses that these companies like Ford are suffering because of the EV mania, I saw a statistic this morning that Ford is losing something like between $40,000 and $60,000 per car,” Moore reacted. “It’s been a bad bet.”
The economist further argued that auto industry-wide bailouts may be likely amid companies EV losses.
“The federal government is also already offering all of these sweeteners to get people to buy electric vehicles. You get a $7,500, basically, check from the government every time you buy an EV. Let’s not forget that we’re subsidizing the battery companies, all of these things,” Moore noted.
“The taxpayers are paying for these things,” he added. “And yet the most amazing thing is, even with all these sweeteners, Americans are still saying, I don’t want them.”
Speaking to car dealers around the country, Moore reported that their lots “are full of EVs” and only 10% of clients purchase EVs off the lot today.
“I think the car companies would be smart going to hybrids where you can have gas and an electric battery,” the economist and adviser suggested. “But the car companies aren’t making those cars. And the reason they aren’t making them is because the government has increasingly mandate[d] that all cars be EVs.”
FOX Business Eric Revell contributed to this report.
Though the nature of the baseball draft means that some of the picks we aren’t quite sure about on Day 1 will become clearer when we see how teams spread their bonus allotment around later in the draft, here are the early picks I liked the most and some eye-opening selections along with the top players still available entering Day 2.
Five favorite moves
Mariners and Pirates get their guys
The buzz leading up to the draft was that Kade Anderson was atop the Mariners’ draft board and Seth Hernandez was the top target (after Willits, who wasn’t going to get there) of the Pirates. Seattle was the other team taking a long look at Hernandez, but the shenanigans at the top two picks (more on that later) means that both Seattle and Pittsburgh got their preferred arms.
A’s select Arnold and Taylor
The Athletics had only two picks on Day 1 but received excellent values at each. Jamie Arnold was the top prospect in the draft entering the season and seemed primed to go somewhere between No. 2 and No. 8 after an uneven season. He somehow was the prospect left holding the short straw, falling to the 11th pick. Devin Taylor was in the mix at multiple picks in the comp round but lasted five selections into the second round.
Twins embrace risk with Quick and Young
The Twins took two hit-first college infielders as their first picks last year (Kaelen Culpepper and Kyle DeBarge), took another one in the 2023 second round (Luke Keaschall), and two more in the top two rounds in 2022 (Brooks Lee, Tanner Schobel) — and also took one with their first pick this year in Marek Houston.
What interested me though is what Minnesota did after that, taking big swings with the upside of Riley Quick (four potential plus pitches but below-average command) and Quentin Young (80-grade power potential with big questions on contact rate).
Phillies try to jump the reliever trade market?
Gage Wood has a chance to start long term but can also go straight to the upper minors — if not the big leagues — and potentially help the bullpen later this season, like a trade deadline addition. The Phillies’ next pick, Cade Obermueller, is another possible starter who also could move quickly as a lefty turning 22 later this month with two knockout pitches in his fastball/slider combo. Odds are good that at least one of them can provide big league value in the next 12 months if Philly wants to utilize them that way.
The Red Sox land Witherspoon, Phillips and Eyanson
The Red Sox are interested in creating more pitching depth and selected a number of interesting arms on Day 1. Kyson Witherspoon had a lot of interest in the top 10, but the Red Sox got him at No. 15.
He’ll need to sharpen his execution a notch and his short arm action is unique, but there’s midrotation upside. Marcus Phillips has a chance to start but could also bring another distinctive look as a late-inning arm with four plus pitches from a low slot and a triple-digit fastball. Anthony Eyanson is a different sort, with fringy fastball velocity but standout command along with a slider and splitter that keep hitters off-balance.
Five eye-openers
Eli Willits at No. 1
The buzz ahead of the draft was that there were three players in play for the top pick and Willits was my third-ranked player in the class, so the same group is what I would’ve been considering — and I love Willits as a player. The bonus will be a factor in evaluating how successful this pick will be viewed — I’ll guess it starts with an eight — but I think this will be seen as a solid decision, as long as Kade Anderson or Ethan Holliday don’t become stars.
Tyler Bremner at No. 2
The biggest piece of late buzz I was hearing is that Bremner was in play at No. 3 to the Mariners. I didn’t hear his name at all at No. 2 so that made this pick the first shocker in the draft.
Bremner was considered in this area (on a deal) because he could easily be the best pitcher in this class — but only if he can develop a better slider, which isn’t a small if. The Angels seem to have a thought about how to solve this, and how he progresses will be one of the more followed storylines of this draft.
Tigers take Yost and Oliveto
I like both players, but it’s fascinating that these two and the most-rumored prep hitter tied to Detroit that they didn’t take (Coy James, who had a tough summer) were all missing strong 2024 summer performances.
Jordan Yost and Michael Oliveto were the only two prep position players in the first-round mix who weren’t in the major national events on the summer circuit, thus creating a lot of uncertainty about how to project them.
The Tigers are right to assume this could create a potential quick gain in value if Yost and Oliveto can perform early in their pro careers, but I don’t remember seeing a team double down on lack of summer exposure in the early rounds.
Orioles take two catchers in the first round, and two pitchers in the second
It’s certainly a bit odd that the Orioles took two college catchers with their first two picks after taking another one (Ethan Anderson) in the second round last year. Obviously, teams don’t draft for big league need — the O’s already have Adley Rutschman — and they need at least two catchers at all four full season minor league affiliates, it’s just odd to see them invest in this position early multiple times. And after all of the position players they have drafted under Mike Elias, they did sneak in two arms on Day 1 with Joseph Dzierwa (a command-forward lefty) and J.T. Quinn (one of my favorite college relievers with the traits to start in pro ball).
Guardians lean into power
The Guardians often draft, or sign internationally, hit-first players who are often underpowered, with Steven Kwan a prominent example. They swerved a lot this year, taking Jace LaViolette with their first pick (I compare him to Cody Bellinger or Joey Gallo; he hit .258 this season) and Nolan Schubart (24% strikeout rate, 22% in-zone whiff rate) with their fifth pick on Day 1. Those two have big power and strong pull/lift rates, and LaViolette has the athleticism to play center field, so there’s real talent, it’s just not usually the type that the Guardians have targeted.
Best available for Day 2
Listed by top 250 draft rankings
43. Mason Neville, OF, Oregon 44. Matthew Fisher, RHP, Evansville Memorial HS (Ind.) 53. Josiah Hartshorn, LF, Orange Lutheran HS (Calif.) 55. Brock Sell, CF, Tokay HS (Calif.) 61. Jack Bauer, LHP, Lincoln Way East HS (Ill.) 69. Coy James, SS, Davie County HS (N.C.) 70. Alec Blair, CF, De La Salle HS (Calif.) 71. Mason Pike, RHP, Puyallup HS (Wash.) 72. Cam Appenzeller, LHP, Glenwood HS (Ill.) 73. Briggs McKenzie, LHP, Corinth Holders HS (N.C.)
An investigation into Gregg Wallace’s “inappropriate behaviour” on MasterChef has found more than half of the allegations against him have been substantiated, including one of “unwanted physical contact”.
MasterChef’s production company Banijay UK shared a summary of its report into historical allegations of misconduct against the 60-year-old presenter, carried out by independent law firm Lewis Silkin over seven months.
The report said the number of sustained allegations made Wallace’s return to MasterChef “untenable”.
Last week it emerged Wallace had been sacked as MasterChef presenter, with reports of more than 50 fresh allegations against him.
The investigation heard evidence from 78 witnesses, including 41 complainants. The investigations team spoke to Wallace three times for the report, conducting 14 hours of interviews with him.
There were 83 allegations against Wallace, and 45 of them were upheld. All were related to MasterChef.
The upheld allegations were:
• Twelve claims he made inappropriate jokes and innuendo;
• Sixteen reports he made sexually explicit comments;
• Two allegations that he made sexualised comments to or about someone;
• Four complaints that he made culturally insensitive or racist comments;
• Three claims that he was in a state of undress;
• Seven allegations of bullying;
• One allegation of unwanted touching.
Nearly all the allegations against Wallace were related to behaviour which is said to have occurred between 2005 and 2018, with just one substantiated allegation taking place after 2018.
Image: Wallace and Anne-Marie Sterpini in 2014
Ahead of the publication of the summary, Wallace had said he had been “cleared of the most serious and sensational accusations” made against him.
He also said his neurodiversity had “now formally (been) diagnosed as autism”, saying in the social media post that it was “suspected and discussed by colleagues across countless seasons of MasterChef”.
BBC held no ‘central’ information over Wallace concerns
Additionally, the report summary found there were 10 standalone allegations about other people between 2012 and 2018/2019, two of which were substantiated. These were unrelated to Wallace, and those people were not named in the summary.
The investigation found that complaints had previously been raised with the production company between 2005 and 2024.
Image: Gregg Wallace on MasterChef. Pic: BBC/ Shine TV 2024
While the report flagged inadequate reporting procedures before 2016, when Endemol merged with Shine ahead of Banijay acquiring Endemol Shine in 2020, it said there were significant improvements to HR processes and training after 2016.
The investigation said some formal action was taken by the BBC in 2017, but it also noted the corporation held no information regarding concerns raised over Wallace centrally, resulting in issues being addressed as a first offence.
Sky News has tried to contact Gregg Wallace today.
Image: Gregg Wallace after being made a Member of the Order of the British Empire (MBE) by the Princess Royal in an investiture ceremony at Windsor Castle. Picture date: Tuesday February 28, 2023.
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Picture by: Andrew Matthews/PA Archive/PA Images
Responding to the findings of the report, the BBC said the corporation had “no plans to work with [Wallace] in future”, saying his behaviour “falls below the values of the BBC”.
The BBC said “opportunities were missed” to address Wallace’s behaviour, adding, “We accept more could and should have been done sooner”.
Concerning the allegations against other individuals flagged in the report, the BBC said they had asked Banijay UK to take action to address these issues, and said it would “be completed as a priority”.
The corporation has yet to decide if the unseen MasterChef series that was filmed with Wallace last year will still be aired.
Production staff deserve ‘much, much better’
Banijay UK chief executive Patrick Holland called the report “uncomfortable reading”, but said its findings provided “valuable insight” for production teams moving forward.
In a nod to Wallace’s recent autism spectrum disorder diagnosis, Mr Holland said Wallace’s neurodiversity was “relevant to certain behaviours identified in the report”, admitting “the production could have done more to identify, manage and communicate patterns of inappropriate behaviour”.
Philippa Childs, head of creative industries union Bectu, said the report findings made it clear that “inappropriate behaviour has gone unchecked for far too long,” adding: “This is a real failure by Banijay to take these issues seriously and act accordingly”.
Ms Childs said the report highlighted the precarious position of production staff, the majority of whom are freelance workers, who she said deserve “much, much better”.
Wallace was the original presenter of the BBC show Saturday Kitchen in 2002 and has also featured on Eat Well For Less?, Inside The Factory, Turn Back Time, Harvest and Supermarket Secrets.
He was best known, however, for presenting MasterChef, MasterChef: The Professionals, and Celebrity MasterChef.
Warning: This article contains details readers may find distressing.
An “evil” postman who moaned about being lonely hours before he severed his girlfriend’s head and tried to dismember her body has been jailed for a minimum of 23 years.
Ewan Methven murdered 21-year-old Phoenix Spencer-Horn in the flat they shared in East Kilbride, South Lanarkshire, in November last year.
The High Court in Glasgow heard the killer dumped his partner’s body parts in their hallway and failed to call emergency services for two days.
Image: Phoenix Spencer-Horn was murdered in November
The 27-year-old then bought drugs, watched pornography and sent sickening texts to Phoenix’s worried mum pretending she was still alive.
Phoenix was stabbed 20 times – including 10 times in the face – using three knives in an attack that unfolded after she returned from her waitressing job in Lanarkshire.
The 21-year-old had described Methven as her “soulmate” on social media, saying in one TikTok video: “Life is so much more beautiful and full of colour with you.”
A few months later she was murdered by the same man she had been in a relationship with for two years.
Image: Ewan Methven was jailed on Monday. Pic: Police Scotland
Methven received a life sentence with at least 23 years behind bars when he retuned to the dock on Monday.
The judge, Lord Matthews, described it as a “dreadful crime”.
He told Methven: “You were a trusted member of her family, but you betrayed that trust and robbed her of life in the cruellest way.
“Not content with what you had done to her, you robbed her of all dignity in death by decapitating her and trying to dismember her in an attempt to defeat the ends of justice.”
Image: The pair had been in a relationship for two years
Lord Matthews highlighted victim impact statements supplied by Phoenix’s family and said he had “rarely read such outpourings of grief”.
The judge said: “The way you treated this innocent young woman after her death meant that her family did not even have the comfort of saying goodbye to her.”
He added: “I have this morning seen a letter written by you, but it answers none of the questions which must be plaguing the family. You blame the effect of substances but that is no excuse.”
‘Personification of evil’
Sky News has interviewed the couple’s neighbour who lives directly next door.
Toni Brown, 25, described the horror of discovering what happened.
She said: “I think I stayed out of the house for about a week after that. I couldn’t even sit.
“It’s horrific. It gives me shivers thinking about it. It is crazy to think I stayed next door to a monster like that.
“What scares me the most is knowing she was lay there and I was in here oblivious.”
Image: Neighbour Toni Brown spoke to Sky News
Asked whether she heard any noises or violence around the time of the murder, Ms Brown said: “There was a bad smell in my house in the early hours of the morning she was found.
“There was a bad smell in my kitchen basically where the walls join together.”
Methven’s own defence lawyer told the court that society will see the killer as the “personification of evil”.
When he eventually called 999, he claimed to have suffered a drug-induced blackout during the violent killing.
Image: Ms Spencer-Horn was murdered by the man she once called her ‘soulmate’
Another life lost to gender-based violence
The case has raised questions once again about the growing prevalence of gender-based violence.
Fiona Drouet’s daughter Emily was 18 when she took her own life at university in Aberdeen in 2016, days after being choked and slapped by her ex-boyfriend.
Angus Milligan was later convicted of physical and psychological abuse.
Image: Fiona Drouet’s daughter was a victim of physical abuse from an ex-boyfriend
Ms Drouet, who now campaigns on violence against women across the UK and Ireland, has set up a charity called Emily’s Test in her daughter’s name.
Reacting to the death of Ms Spencer-Horn, Ms Drouet told Sky News: “There is another mother and father that have just been plunged into utter hell.
“Somebody once said to me that if God came to you and said, ‘I am going to give you this beautiful daughter, but you’ll only have her for 18 years and then we need to take her back, would you still want her?’ and I would take those 18 years and go through the pain rather than have nothing.
“Although just now that probably offers no words of comfort for Phoenix’s parents, maybe one day it can.”