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the motor Show of Geneva risk…

The international motor Show of Geneva risk bankruptcy if no solution is found by September, says its director. An edition in 2021, that the township request in consideration of a loan of $ 16.8 million, is not possible, according to him.

For the moment, there is no discussion with the State, despite our calls.

Sandro Mesquita, director of the motor Show

“For the moment, there is no discussion with the State, in spite of our calls”, indicates in an interview aired Wednesday by The Tribune de Genève Sandro Mesquita. “Our foundation board meets on June 22. I wish I could have come up with something specific, because there are still points to clarify, including the edition of 2021 that the State seems to want”.

The Grand Council of geneva has released the 5th of June a loan of $ 16.8 million chf, repayable by the end of 2037, at the foundation of the “standing Committee of the Salon international de l’automobile”, in connection with its financial obligations for the edition 2020, cancelled due to sars Coronavirus, and the organization of an edition in 2021.

Lack of time

A survey carried out by Auto Suisse among its members says that 73% of brands say they will not participate in a show next year, says Mr Mesquita. “The crisis is hitting the car manufacturers, who have other priorities at this time.”

He also points to the uncertainties regarding travel that may prevent a part of the “10,000 journalists from around the world” coming to Geneva. “If they can’t travel, this is a disaster”. “As a result, our members are asking us to think of the edition 2022,” he continued.

The director of the foundation ensures that other avenues of funding are being explored, “because, for us, the solution of the loan is not necessarily the best.” It is estimated that the arrival of investors “providing capital” would be more suitable. “But, for this, we need to both rethink our [modèle d’affaires, ndlr] and alter our constitution.” However, lack of time, according to him.

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