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British 2010 motor show cancelled British 2010 motor show cancelled
(20 minutes later)
The 2010 British International motor show has been cancelled as the car industry cuts spending.The 2010 British International motor show has been cancelled as the car industry cuts spending.
Carmakers cannot commit to the event at a time when they face "unprecedented challenges", said Paul Everitt, chief executive of the industry body SMMT.Carmakers cannot commit to the event at a time when they face "unprecedented challenges", said Paul Everitt, chief executive of the industry body SMMT.
Car sales, and thus carmakers' profits have plunged in recent months as consumers have struggled to get loans to buy cars.Car sales, and thus carmakers' profits have plunged in recent months as consumers have struggled to get loans to buy cars.
But the London show was struggling even before the credit crunch.But the London show was struggling even before the credit crunch.
For years, the show was held in Birmingham, though it moved to London in 2006 after several carmakers decided not to attend the show there, and as visitor numbers tumbled.For years, the show was held in Birmingham, though it moved to London in 2006 after several carmakers decided not to attend the show there, and as visitor numbers tumbled.
The 2006 show was well supported by the industry, though by 2008 some carmakers had decided to stay away in spite of its growing popularity with consumers.The 2006 show was well supported by the industry, though by 2008 some carmakers had decided to stay away in spite of its growing popularity with consumers.
The Society of Motor Manufacturers and Traders (SMMT) said the decision had been a "difficult one".The Society of Motor Manufacturers and Traders (SMMT) said the decision had been a "difficult one".
"However, 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," said SMMT chief executive Paul Everitt. "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," said SMMT chief executive Paul Everitt.
The show's organisers stressed the cancellation would not be permanent.The show's organisers stressed the cancellation would not be permanent.
"Given the great strides that the Motor Show has taken since its return to London, we fully endorse the decision to postpone [it] until market conditions will again permit us to deliver a world class event that truly showcases the UK industry," said Rob Mackenzie from International Motor Industry Events."Given the great strides that the Motor Show has taken since its return to London, we fully endorse the decision to postpone [it] until market conditions will again permit us to deliver a world class event that truly showcases the UK industry," said Rob Mackenzie from International Motor Industry Events.
When the show returns it may not be in "its current form", the SMMT indicated.
Manufacturers were, however, committed to holding an event to showcase the UK car industry, SMMT spokesperson Nikki Rooke told the BBC News channel.