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Britain cancels next year's motor show as recession bites
Mar 19, 2009, 16:24 GMT
London - Britain's 2010 International Motor Show has been cancelled in view of 'unprecedented challenges' faced by the motor industry in the current recession, the Society of Motor Manufacturers and Traders announced Thursday.
Paul Everitt, chief executive of the industry body said it had been difficult to commit carmakers to the event amid continuing economic uncertainty and plunging profits as a result of plummeting car sales.
The London show, which is held every two years, is widely seen as a consumer event and as such it will be the first to be deserted by carmakers traditionally more eager to display their products at shows that are described as industry fairs, such as Detroit, Geneva, Frankfurt and Paris, experts said Thursday.
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