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flag Canberra hosts Summernats, a massive car festival expecting 130,000 visitors and generating $40M.

flag Canberra, Australia, is hosting the 37th Summernats car festival, known as "the world's wildest car festival," from January 2 to 5. flag Expecting over 130,000 visitors, the event features elite cars worth over $70 million and musical performances by popular bands. flag Summernats co-owner Andy Lopez highlighted the festival's social, cultural, and economic benefits, noting it generates over $40 million for Canberra. flag Security will be present throughout the four-day event.

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