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UPDATE 1-Italian car show finds new home in Milan for 2014
November 15, 2013 / 6:01 PM / 4 years ago

UPDATE 1-Italian car show finds new home in Milan for 2014

2 Min Read

(Adds Fiat saying no need for new car show in Europe)

MILAN, Nov 15 (Reuters) - Italy's only annual car show will take place in Milan next year, moving from Bologna after this year's event was cancelled due to a lack of exhibitors in a moribund local market.

The event will run from Dec. 11-21, 2014, organisers said on Friday.

"We want to give the automotive industry a springboard that can compete with the big European car shows," said Enrico Pazzali, chief executive of the Fiera Milano, the show venue.

The Bologna Motor Show was scheduled to take place from Dec. 3-9. But with Italy's domestic car sales having fallen 50 percent since 2007, carmakers had little incentive to spend the money to show new products.

Car companies spend at least one million euros per brand on a stand at a major international car show such as the ones held in Detroit, Paris, Geneva and Frankfurt.

German carmaker Audi was reported to have spent 40 million euros ($53.90 million) to deck out its Frankfurt stand as well as other locations during September's event.

The Frankfurt car show in 2013 had 1,000 exhibitors, whereas Bologna last year had 133.

The Milan show will be organised by Promotor, the same group that ran the Bologna event.

"We will start to contact potential exhibitors today," said Promotor Chairman Alfredo Cazzola. "Right now we aren't able to say how many we will have."

A spokesman for Fiat, Italy's largest car maker, said: "we do not believe conditions exist to create a new show. Market problems in the last years have led to the closure of important shows in big European cities".

$1 = 0.7421 euros Reporting by Jennifer Clark, Stefano Rebaudo and Danilo Masoni, Editing by Mark Potter and Elaine Hardcastle

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