March 19, 2009

Organizers cancel 2010 British auto show

The British International Motor Show announced it would cancel next year's event due to the challenging global economic environment.

Organizers said the unprecedented challenge of putting on the 2101 show during a recession that has crippled many carmakers was the reason for the cancellation, The Daily Mail reported Thursday.

Auto companies have laid off tens of thousands of workers, closed factories and watched profits plummet between 2007 and 2009.

A Society of Motor Manufacturers and Traders spokeswoman said, it became obvious that the economic problems were growing. We got to the point where manufacturers simply could not commit. The economy got worse. So we had to pull the plug. It's sad and regrettable, but unavoidable, she said.

The British auto show has gone on uninterrupted for 100 years, except for cancellations during World War I and World War II, the newspaper said.