Geneva Motor Show 2021 cancelled

The Geneva Motor Present will not be held in 2021 owing to the economic troubles caused by the coronavirus pandemic as perfectly as lousy turnout from the world’s motoring makers.

Following the cancellation of this year’s Geneva Motor Present, the event’s organisers asked for a bank loan from the Swiss authorities to assist offset the losses incurred, which are valued at an approximated eleven million Swiss Francs (about £9.4 million).

In early June, the Swiss authorities granted the event’s organisers a sixteen.8 million Franc (£14.three million) bailout – but the bank loan has been rejected by the Geneva Motor Show’s board, as the compensation phrases would cripple the event’s finances more.

The to start with compensation of one million Francs (all around £850,000) was owing in June 2021. Another of the phrases of the settlement was that a Geneva Motor Present experienced to be held up coming year, which became unlikely owing to the unwillingness of the world’s motoring makers to participate next a study by the show’s organisers. 

The study also discovered that many worldwide motor vehicle models would desire to have the party in 2022, to give them ample time to get well some of the losses suffered through the pandemic. 

Owing to this chain of gatherings, the Geneva Motor Show’s Basis Board has voted in favour of the event’s sale to Palexpo SA, which is the organising board who manages the motor show’s yearly venue.

The sale would transfer all of the event’s rights to Palexpo SA and ideally save the motor demonstrate from dissolution. The Geneva Motor Present continues to be the most significant public party in Switzerland – and its elimination from the calendar would negatively effect the Swiss economy by an approximated two hundred million Swiss Francs (all around £171 million) per year.

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