The UK’s flagship auto event has been cancelled for 2010 as the ongoing economic slump continues to hammer the industry globally.
The decision to scrap the British International Motor Show, which is usually a chance for global auto makers to show off their latest products, is due to the “unprecedented challenges facing the industry,” the Society of Motor Manufacturers and Traders (SMMT) said.
"The global credit crunch has placed the automotive sector under unique pressure and has created a level of uncertainty that deters manufacturers from committing to large-scale, international events," SMMT chief executive Paul Everitt said.
SMMT said it remained committed to showcasing the best of the automotive sector, after the announcement, but said the economic slump had made it impossible for exhibitors to commit to a 2010 event.
The prestigious show, which is held every two years and is one of the main auto industry events in Europe, was due to be staged at the ExCel exhibition center in the Docklands area of East London.
- Reuters contributed to this report.