Guido ten Brink /SB-Medien Geneva Motor Show 2020
30.06.2020
A in a survey among the exhibitors the majority stated that they would not take part in an edition in 2021. According to the foundation, 2022 would be preferred again as the first date.
State loan tied to too many conditions
Another decision by the foundation is more far-reaching for the future of the auto show. After Geneva International de l'Automobile ('GIMS' for short) was canceled in 2020, the organizers asked the Swiss canton of Geneva for financial support for the losses of around eleven million Swiss francs (equivalent to 10.3 million euros). The Grand Council then decided on a loan of CHF 16.8 million. However, there are conditions attached to the loan that apparently do not make it possible for the GIMS Foundation to accept the loan. Accordingly, the Geneva Motor Show would have to take place in 2021, and the first repayment of one million francs is due in June 2021.
But that's not all: Another decision is to 'favor' the sale of GIMS to Palexpo SA to ensure 'the regular organization of an international automobile show in Geneva'. The foundation makes it clear: 'The GIMS is the largest public event in Switzerland. Its economic impact on the canton of Geneva is estimated at around 200 million Swiss francs per year.' Further details on the possible sale have not yet been announced.
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