Ford, GM, and Toyota Each Donate $1 Million to Trump's Inauguration
Ford and GM are also donating vehicles to the event.
Ford and General Motors have announced they will contribute vehicles and money to President-elect Donald Trump’s inauguration ceremony next month. The pair, along with Toyota, are each donating $1 million alongside Toyota to the event.
It’s not uncommon for presidents to solicit donations for their inaugural celebration. President Joe Biden’s list of 2021 inauguration donors included Google, Microsoft, Boeing, Pfizer, AT&T, Uber, and others. Biden raised about $61 million for the event, which took place during the pandemic. Trump raised $106.7 million for his 2017 inauguration.
The automotive industry could see significant policy changes with the incoming administration. Trump has threatened to impose tariffs on imports from Mexico, Canada, and China, which could affect automakers producing vehicles throughout North America and beyond. There are also reports that Trump plans to kill the federal tax credit for electric cars.
According to the Reuters report, Ford CEO Jim Farley said earlier this month that he believed the Trump administration would be “interested in Ford’s point of view” regarding potential policy changes. GM CEO Mary Barra said a few weeks ago she felt the automaker and the Trump administration were “very goal-aligned.” However, she did admit that there would be changes coming.
Presidential:
Sources: Reuters, Detroit Free Press
RECOMMENDED FOR YOU
Ford Is Already Dropping The Dark Horse SC's $31,000 Track Pack
Ringbrothers Spent 5,500 Hours Turning An Old Pontiac Into A 650-HP GTO
Listen To Ford's New V8 Hypercar Tear Up The Track: Video
BYD's $3-Million Hypercar Crashed Hard During High-Speed Testing: Video
Woman Gets A ‘Tire Low’ Warning Light On Her Ford. Then She Fills All 4 To Over 65 PSI
Modern Cars Are Packed With Sensors. What Do They All Do?
16 Cars You Can Still Buy With A Naturally Aspirated V6