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Now that President Trump is about to be back in office, automakers are scrambling to get in his good graces.
Three major automakers — Toyota, Ford, and GM — all just announced that they are donating $1 million each to President Trump’s Inauguration fund.
Ford and GM are also donating vehicles to the Inauguration.
Check it out:
BREAKING: Toyota just announced that they will be donating $1 Million to President Trump’s inauguration fund.
Just weeks ago, they abandoned their anti-white DEI policies, and now they’re scrambling to undo the wokeness.
Ford and GM are also donating the same amount. It seems… pic.twitter.com/Kwu0gv3Luz
— George (@BehizyTweets) December 24, 2024
TOYOTA, FORD & GM PITCH IN $1M FOR TRUMP’S BIG DAY
Toyota is dropping $1M on Trump’s Jan. 20 inauguration, following Ford and GM’s lead—though they’re bringing cars to the party, and Toyota’s sticking to just cash.
Trump’s plan to slap tariffs on Mexican and Canadian… pic.twitter.com/VwiVV9p686
— Mario Nawfal (@MarioNawfal) December 24, 2024
Reuters confirmed:
Toyota Motor of North America is donating $1 million to President-elect Donald Trump’s Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit’s Ford Motor and General Motors said they would give the same amount.
Ford and GM are also contributing vehicles to the festivities, while Toyota is not planning to, the Japan-based company said.
Trump’s proposed tariffs on imports from Mexico and Canada would affect many automakers in North America, including Toyota, which produces the Toyota Tacoma pickup truck in Mexico. The incoming president also aims to unravel many of Democratic President Joe Biden’s policies on electric vehicle and emissions, Reuters has reported.
President-elect Trump’s inauguration is getting $1 million from Toyota Motor North America.
A spokesperson for Toyota confirmed the inauguration donation to The Hill on Tuesday.
Toyota joins Ford and a number of other companies in pledging significant donations to Trump’s inauguration. Ford is reportedly donating $1 million.
Meta and Amazon both handed over seven-figure donations of their own to the president-elect’s inaugural fund last week. Open AI CEO Sam Altman has also said he would give $1 million out of his personal wealth.
A report from S&P Global released in late November found U.S. and European carmakers could lose a maximum of 17 percent of their combined annual core profits in the case of steep tariffs on Europe, Canada and Mexico.
This is a Guest Post from our friends over at WLTReport.