The 2021 Geneva Motor Show Is Canceled and up for Sale

After turning down a loan from the Canton of Geneva.

By
Automotive 
3,255 Hypes 0 Comments

The Committee and Council of the Foundation “Salon International de l’Automobile” has announced that the Geneva Motor Show — which was canceled earlier this year due to the Coronavirus (COVID-19) pandemic — will also be canceled for the year of 2021, likely coming back only in 2022.

Explaining the decision, the organizers revealed that many major exhibitors have voiced concerns over attending the event in 2021, citing the continued effects of the Coronavirus on the automotive industry: “The Committee and the Foundation Board have decided not to organize an event in 2021,” the statement says. “A majority of GIMS exhibitors who took part in a survey, stated that they would probably not participate in a 2021 edition in and that they would prefer to have a GIMS in 2022. The automotive sector is currently going through a difficult phase, and exhibitors need time to recover from the effects of the pandemic. Furthermore, it is far from certain that the current health situation would permit the organization of an event attracting more than 600’000 visitors and 10’000 journalists next spring.”

Amid financial struggles, the organizers are also seeking to sell the rights to the Geneva Motor Show to a group named Palexpo SA, which owns the convention center the event takes place in. The sale comes following a $17.6 million USD loan offer from the Canton of Geneva to keep the show afloat but was ultimately turned down by the foundation due to its dissatisfaction with the terms.

For more news in the automotive industry, Autohome has teamed up with Land Rover to create a sleek yet robust rooftop camper.

Read Full Article

What to Read Next

Jason Voorhees Urges New Yorkers to Wear Face Masks in PSA
Entertainment

Jason Voorhees Urges New Yorkers to Wear Face Masks in PSA

“But the thing is, behind the mask, I’m just a regular guy. I’m not scary at all.”

Nike's Innovative Flight Football Boasts 30 Percent Truer Flight
Sports

Nike's Innovative Flight Football Boasts 30 Percent Truer Flight

Taking eight years to research and develop.

Full-Size Evangelion Statue Appears at Toei Kyoto Studio Park
Entertainment

Full-Size Evangelion Statue Appears at Toei Kyoto Studio Park

An incredible photo op.


IDK and XanMan Deliver Quarantine-Bound Visuals for "RILEY"
Music

IDK and XanMan Deliver Quarantine-Bound Visuals for "RILEY"

The second song to Kevin Durant’s sports documentary soundtrack.

Cirque du Soleil Files for Bankruptcy Protection and Lays Off 3,500 Employees
Entertainment 

Cirque du Soleil Files for Bankruptcy Protection and Lays Off 3,500 Employees

Another 1,300 staff were already terminated earlier this year.

The Weeknd Donates Over $365K USD to Scarborough Health Network
Music

The Weeknd Donates Over $365K USD to Scarborough Health Network

Helping his neighborhood battle the COVID-19 pandemic.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.