Spain's auto industry leaders will meet Wednesday to discuss the future of the Barcelona auto show.
The event's future is in doubt after automakers including General Motors, Peugeot, Citroen and Nissan said they will not exhibit at this year's show, which is scheduled to take place from May 9 to May 17.
ANFAC, the Spanish auto manufacturers association, has convened a meeting Wednesday to discuss the show's future.
The Spanish government sought to save the event in late-2008 by offering carmakers the opportunity to write off marketing expenses linked to the show on their 2009 corporate taxes.
With new-car sales slumping in Spain, industry sources told Automotive News Europethat the promise of tax breaks had little impact on automakers that are already losing money on their Spanish operations.
A Peugeot spokesman said: "In light of the market conditions in Spain and our cost-cutting plans, we don't think the situation merits the investment."
GM Europe spokesman Stefan Weinmann said that because of GM's financial situation and the current economic climate, the company will focus on major auto shows such as Geneva and the IAA in Frankfurt.
E-mail Lawrence J. Speer at [email protected]
John Revill contributed