The 2010 British International Motor Show has been cancelled due to the global economic crisis, the organisers have announced.
"We didn't want the situation of planning a show against a background of uncertainty, so we crystallised debate very quickly: could manufacturers commit to the show for 2010?" said Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders (SMMT), which owns the rights to the event.
"The manufacturers are all in the process of making redundancies, cutting salaries, cutting working hours and trying to save money. It would have been foolhardy for them to come to us and commit to spending very significant amounts of money at such a time. Unsurprisingly, the people we asked all said they couldn't commit, so we have cancelled."
It is not clear when the show will be reorganised.
Everitt said: "When the economic situation improves we will be back, but the truth is that nobody knows when that will be. If there is an upturn in the next six months as sharp as the downturn has been in the past six months, then 2011 is possible. Realistically, though, it's a date beyond that."