Automakers Donate $1 Million to Trump Inauguration

Major automakers General Motors, Ford, and Toyota have each pledged $1 million towards President-elect Donald Trump's inauguration, joining a group of corporate giants making significant donations despite past criticisms of Trump's actions. These contributions come as the companies navigate potential policy changes, including tariff threats and cuts to electric vehicle (EV) incentives, which could impact their operations and profitability in the U.S. market. Ford CEO Jim Farley expressed hope that the Trump administration would consider their perspectives on these critical issues, while GM CEO Mary Barra noted their alignment with the administration's goals. These donations reflect a broader trend among corporations, including Meta and Amazon, as they seek to maintain influence in the changing political landscape. Trump's inauguration fundraising is projected to surpass previous records, with a total of $107 million raised in 2017. Historically, presidential inaugurations have garnered substantial corporate support, with Biden raising approximately $61 million for his 2021 inauguration.