Ford and GM to donate $1M, vehicles for Trump inauguration

Ford and General Motors plan to contribute $1 million each to President-elect Donald Trump’s inauguration in January along with vehicles.

Driving the news: Both companies donated the same amounts in 2021 for President Biden’s inauguration, although neither has said which vehicles they may provide.

• Other companies reportedly supporting the Trump inauguration committee include Amazon, OpenAI, Meta and Uber.

Looking back: Trump previously said his favorite vehicle was a Cadillac in response to an audience question during a campaign event in September.

• “My father was a great guy, I learned so much from him, and he loved Cadillac. His biggest luxury in life was to get a brand new, dark-blue Cadillac every two years. My father liked Cadillacs, so that’s good enough for me.”

• The President-elect’s comments may shed light on what model of vehicle General Motors may provide for the Jan. celebration.

Looking ahead: Another Detroit automaker, Stellantis, has yet to announce whether it will also contribute to the inauguration.

• Car manufacturers have expressed concern over Trump’s plan to impose tariffs and nix electric vehicle tax credits.

• A list of recommendations for auto policy from the incoming administration’s transition team was reported last week, which included sweeping changes to EV infrastructure planning.

• However, automaker executives, such as Ford chief Jim Farley, have expressed optimism that the President-elect will be open to feedback from the industry.

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