The organizers of the Geneva auto show have said the event may not be held next year amid a dispute with the local authorities over a bailout and a reluctance by some automakers to attend.
The Swiss show was canceled this year due to the coronavirus pandemic.
The Geneva International Motor Show (GIMS) Foundation, which organizes the annual event, has rejected the terms of a 16.8 million-franc ($17.3 million) bailout loan from authorities in Geneva because the the authorities have asked for a guarantee that that the show will be held next year.
Some automakers are reluctant to commit to attending the show next year, the new director general of GIMS, Sandro Mesquita, told Automotive News Europe in a phone interview.
“The signals we are receiving from the brands are more in the direction of 2022. The whole industry is facing a huge challenge with the COVID crisis,” Mesquita said. “For the moment we are thinking of organizing the next event in two years’ time.”
The loan would have…
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