Ford and General Motors announced that they will contribute vehicles and money to the inauguration ceremony of elected president Donald Trump next month.
The automakers, along with the Japanese Toyota, are each donating $1 million for the event. Reuters recently reported that Jim Farley, CEO of Ford, stated that he believed the Trump administration would be “interested in Ford’s perspective” on potential changes.
Meanwhile, Mary Barra, CEO of GM, stated a few weeks ago that she felt the automaker and the Trump administration had “very aligned” goals. However, she admitted that changes were coming.
This comes after Trump threatened to impose tariffs on imports from Mexico, Canada, and China, which could affect automakers producing vehicles across North America. There are also reports that Trump is planning to end the federal tax credit for electric cars.
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