Geneva Motor Show Will Not Take Place Due to Coronavirus Fears

| Updated
by Steve Muchoki · 3 min read
Geneva Motor Show Will Not Take Place Due to Coronavirus Fears
Photo: GIMS Swiss

While the coronavirus is expanding to new countries, already a row of major international events has been canceled. Now it has become known that the Geneva Motor Show will not take place this year.

The Geneva Motor Show has been canceled as a result of the coronavirus outbreak and the fears that it may be lurking in large assemblies. The Swiss auto show is dabbed as one of the largest car exhibition shows in the world, where most high-end carmakers assemble to showcase their best models.

Since its doors are open to both the carmakers and also the public, the organizers took precautionary measures to keep the health of their clients first. Coronavirus has disrupted other major events in the world like that from social media giant Facebook Inc (NASDAQ: FB), F8 which was also canceled due to coronavirus fears. Another major event that has been canceled as a result of the coronavirus outbreak is the GSMA’s Mobile World Congress.

It is a huge blow to the automakers who are compelled to install massive machines worth millions, expecting to showcase their best innovations. Most automakers use such events to announce to their customers on the latest model which is meant to be a flagship till the next auto show. As a result, the automakers will have to device new ways of reaching their customers in announcing and showcasing their latest auto model.

Until the cancelation of the Geneva Motor Show, the organizers were advising the attendees to avoid any sick persons. Speculations on the cancelation of the event had been looming in the mainstream media for the past few weeks after coronavirus was confirmed in Swiss.

Effect of Canceling the Geneva Motor Show Due to Coronavirus

As of February 28, Switzerland’s authorities had confirmed nine cases of coronavirus with fears of community spread. On Thursday, the Basel-city was forced to put a group of children into a two-week quarantine after one of the caregivers tested positive of the coronavirus.

In a statement, the Chairman of the Foundation Board Maurice Turrettin said:

“We regret this situation, but the health of all participants is our and our exhibitors’ top priority. This is a case of force majeure and a tremendous loss for the manufacturers who have invested massively in their presence in Geneva. However, we are convinced that they will understand this decision.”

The organizers are now working on dismantling the installed machines and then determining the financial consequences for the investors. The organizers also noted that the tickets which had already been sold to the participants will be refunded fully.

Coronavirus outbreak is now becoming a load that all sectors are bearing. If the situation continues worsening, it will be a dim future for mankind that will go down the history books.

News, Technology News, Transportation News
Steve Muchoki
Author Steve Muchoki

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies. Mythology is my mystery! "You cannot enslave a mind that knows itself. That values itself. That understands itself."

Share this article

Related Articles