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Cancellation of the Geneva International Motor Show, a sign of a more serious problem

The organizers of the Geneva International Motor Show (GIMS) have canceled the 2022 event, marking the third year without one of the world’s oldest prestigious shows. This may be the first of several cancellations and postponements to come given the reasons for this latest move.

The last GIMS was in 2019, the 2020 show was abruptly canceled two weeks before the event started as the pandemic began to take hold of the world. It was postponed again to 2021, but can be confident that it could take place in 2022. Although restrictions on gatherings have been lifted in several countries, including Switzerland, this cancellation has been induced by the industry.

In a statement posted on the website, CEO of the Geneva International Motor Show, Sandro Mesquita, said COVID-19 was only part of the problem: “On top of that, there is negative impact that the current semiconductor shortage is having on automakers. The chip crisis is expected to drag on until next year, with negative financial implications for OEMs (original equipment manufacturers).

Despite all our efforts, we have to face facts and reality: the pandemic situation is not under control… – Maurice Turrettini, Chairman of the Standing Committee of the International Motor Show

Indeed, the chip shortage has been blocking the auto industry for months. Vehicles have multiple chips. For example, Nissan announced that it would produce half a million fewer cars. The chip shortage is having a huge impact on several industries. Apple has announced a cut in iPhone production and other consequences in other sectors are expected in the coming months.

“In these uncertain times, many brands are therefore unable to commit to participating in a trade fair that would have taken place in just over four months. Considering all the factors, it became clear that there was a need to postpone the show and break the news as soon as possible to avoid canceling in the short term, ”added Mesquita.

GIMS is the launch point for several new innovations and vehicles. It receives an average of nearly 600,000 visitors each year and more than 10,000 journalists. It is truly the Mecca of the automotive world. Maurice Turrettini, Chairman of the Standing Committee of the International Motor Show, declared: “Despite our best efforts, we have to face the facts and the reality: the pandemic situation is not under control and presents itself as a great threat. for a large indoor event like GIMS.

GIMS has been operating since 1905, the last multi-year cancellation was caused by war and prevented shows from 1939 to 1947. Despite the lingering problems, organizers are confident that GIMS will be back in 2023.

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