The coronavirus pandemic has taken down another auto show.
The group that runs the Geneva International Motor Show, The Foundation “Salon International De L’Automobile,” announced on Monday that the 2021 Geneva show is canceled and that it prefers to sell the rights of the show to Palexpo SA, the venue where the event is held.
Scheduled for March, the 2020 Geneva show was canceled in late February due to the coronavirus pandemic. The committee and council of the foundation conducted a survey of the event’s exhibitors and found that the majority of them would likely not participate in a 2021 show and would prefer a 2022 show.
The lack of a 2020 show had a major financial impact on the Foundation, which claims the cancellation of the 2020 show resulted in a loss of $11.55 million. The Foundation asked the Canton and State of Geneva for a loan to cover