Ford, GM, Toyota Pledge $1M for Trump Inauguration

Major corporations, including Ford, General Motors, and Toyota, have pledged $1 million each to President-elect Donald Trump's inauguration fund, with Ford and GM also providing vehicles for the event. This financial support from automakers and tech companies like Amazon, Meta, and OpenAI is seen as an effort to gain favor with Trump, who has proposed tariffs on imports from countries such as Mexico and Canada, as well as the potential rollback of electric vehicle incentives. Ford CEO Jim Farley expressed optimism about working with Trump's administration, emphasizing the company's significance in the U.S. economy. Similarly, GM's CEO Mary Barra noted alignment with Trump's goals for a strong manufacturing base. The donations are part of a broader trend of corporate America seeking to influence or mitigate potential policy shifts under the new administration. Notably, this fundraising effort has surpassed previous records, with Trump's 2017 inauguration raising $106.7 million compared to President Biden's $61.8 million in 2021.