Finance Retrospective

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These three plants are responsible for the Cadillac XT4 , the Chevrolet Malibu and Equinox , and the GMC Terrain . Two other plants, Ramos Arizpe Assembly in Mexico and Wentzville Assembly in Missouri, are building partially assembled vehicles; once the needed microchips are again available, those vehicles will be finished. These plants are responsible for the Chevrolet Colorado and Blazer as well as full-size Chevy and GMC vans. Because automakers are prioritizing their high-inventory vehicles, the shortage hasn't yet been reflected in the selection of vehicles reaching dealer lots. Nonetheless, this could change, and buyers could end up not being able to find the cars that they want, Kristin Dziczek, VP of research at the Center for Automotive Research, told Car and Driver in January. In North America, Stellantis—now the owner of FCA and Peugeot—has seen a number of plants adjust production including Toluca Car Assembly in Mexico, Brampton Assembly in Ontario, Belvidere Assembly in Illinois, and Windsor Assembly in Ontario. These four plants are responsible for the Dodge Journey , Charger , and Challenger , the Jeep Compass and Cherokee , and the Chrysler 300 , Pacifica , and Voyager . Toyota's Motor Manufacturing Texas plant in San Antonio Texas, where the Tacoma and the Tundra are assembled, has seen production disrupted as a result of the shortage. Toyota says that the Tundra is primarily affected. Volkswagen has adjusted production at its Puebla plant in Mexico, where the Jetta , Taos , and Tiguan are built; only the Jetta has been affected. Honda has seen production adjustments across the country, including two plants in Ohio, the East Liberty Auto Plant and Marysville Auto Plant, and also Honda Manufacturing of Alabama, Honda Manufacturing of Indiana, and Honda of Canada Manufacturing in Ontario. The cars which will have production cut, according to Bloomberg , include the Honda Accord , Civic , Insight , and Odyssey , as well as the Acura RDX . Subaru has adjusted production at its Subaru of Indiana Automotive plant where the Ascent , Legacy , Outback , and Impreza are assembled. Nissan's Canton Vehicle Assembly Plant in Mississippi has also seen production cut; only the truck line, where the Frontier and Titan are assembled, has had production adjusted. The scope of the shutdowns is now coming into view, but its full impacts may not be seen until the second half of this year. IHS Markit projects that microchip supply will meet the demand of automakers by the third quarter of 2021. Before then, however, the research firm projects that one million fewer vehicles will be built in the first quarter of this year. In total, research firm AlixPartners projects that the shortage will cost automakers $61 billion globally, according to Bloomberg . Individually, Ford projects that it'll cut into earnings by $1.5 billion to $2 billion, and General Motors projects its earnings to be down by $1 billion to $2.5 billion this year. Volkswagen has threatened to seek damages from suppliers including Continental and Bosch, Automobilwoche has reported, for the costs incurred by the microchip shortage. VW, along with other automakers, asserts that the lack of semiconductors flowing to assembly plants is a result of the shortsightedness of its Tier 1 suppliers.

https://www.caranddriver.com/news/a35567273/semiconductor-shortage-halting-production/

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Then came the hammer blow when Sport Integrity Australia (SIA), Australia’s peak anti-doping body, and the click reference World Anti-Doping Authority (WADA) appealed the ruling , meaning Jack must start all over again in front of a three-person CAS appeals panel. With a four-year ban now back on the table, the 22-year-old has made an impassioned plea to her supporters to help her raise urgent funds for a fight she now says she wants to finishing ‘once and for all’. She says she has less than a week to find the required amount. Jack also railed against anti-doping bodies, who she believes have every advantage in a David v Goliath system that weighs heavily against the athletes. Shayna Jack with her mother, Pauline, and lawyer after a meeting with ASADA in August 2019. “I have poured every dollar I have into fighting this battle. These organisations that I am against are funded and are able to pay their lawyers and costs – I don’t have that luxury and have to do this by myself,” Jack said. “I have put together a page to raise funds in order for me to finish this fight once and for all. Every little bit helps me get one step closer to the end of this challenge. I have a week to do all I can to come up with the funds needed in order to continue. “This is a fight that is not just about me. This is a system that can turn your life upside down. It can be so debilitating, so financially draining, so destructive to an athlete’s career and personal life ... I want to help shine the spotlight on this system, to let the public know how an athlete has to fight these funded sporting authorities on their own.” Jack’s plea came on the same day that former NRL player James Segeyaro was handed a backdated 20-month sentence by the NRL Anti-Doping Tribunal after testing positive to the same substance. Reports suggest he was able to convince the NRL that a contaminated blender used by a housemate was at fault. That means Segeyaro, who tested positive months after Jack in 2019, can return to play by June this year, while Jack must face CAS once again in the hope of avoiding a four-year ban that would effectively end her elite swimming aspirations.

https://www.smh.com.au/sport/swimming/shayna-jack-makes-plea-for-financial-help-to-save-swimming-career-20210218-p573qw.html