A survey of exhibitors from the automotive industry found that most would prefer postponing the event to 2022 due to Covid-19 concerns.
“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 organisation of an event attracting more than 600,000 visitors and 10,000 journalists next spring,” the organisers said on Monday.
Negotiations with the canton of Geneva for financial support to cover the losses of the cancellation of the 2020 event also fell through. The authorities had approved a CHF16.8 million ($17.6 million) loan but the terms were not acceptable to the motor show organisers. Two major stumbling blocks were the insistence on holding the 2021 edition and the repayment of CHF1 million by mid-2021.
Instead the organisers have decided to sell the Geneva International Motor Show to Palexpo – the company that owns the exhibition hall.
Swiss money laundering office registers record number of reports
This content was published on
The Money Laundering Reporting Office Switzerland (MROS) registered a record number of reports of suspicious activity last year.
Two teens accused of planning terror attack released from custody
This content was published on
The Schaffhausen judiciary has released the two teenagers from custody who allegedly planned bomb attacks in Switzerland.
OECD: Sluggish economic activity slowing growth in Switzerland
This content was published on
Sluggish economic activity at the start of the year is weighing on growth in Switzerland, with GDP expected to fall to 1.1% in 2024.
Report finds mistakes which led to Swiss government data breach
This content was published on
Mistakes were made by both the government and internet company Xplain in the case of a criminal cyber-attack on the Bern-based IT business.
Swiss government wants better gender balance in federal administration
This content was published on
New Swiss government personnel management targets say there must be even more female managers in the federal administration.
Swiss national science foundation funded over 5,000 projects in 2023
This content was published on
In 2023, the Swiss National Science Foundation (SNSF) provided a total of CHF961 million worth of funding towards research projects.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Switzerland bans major public events to slow spread of virus
This content was published on
Switzerland has banned public events with more than 1,000 people until at least March 15 in response to the coronavirus threat.
This content was published on
Photographer Olivier Vogelsang captures all the glitter, gimmicks and smiling hostesses that pass through Geneva's convention centre.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.