Ford and Normal Motors have introduced they are going to contribute autos and cash to President-elect Donald Trump’s inauguration ceremony subsequent month. The pair, together with Toyota, are every donating $1 million alongside Toyota to the occasion.

It’s not unusual for presidents to solicit donations for his or her inaugural celebration. President Joe Biden’s listing of 2021 inauguration donors included Google, Microsoft, Boeing, Pfizer, AT&T, Uber, and others. Biden raised about $61 million for the occasion, which occurred throughout the pandemic. Trump raised $106.7 million for his 2017 inauguration.

The automotive trade might see vital coverage adjustments with the incoming administration. Trump has threatened to impose tariffs on imports from Mexico, Canada, and China, which might have an effect on automakers producing autos all through North America and past. There are additionally experiences that Trump plans to kill the federal tax credit score for electrical vehicles.

In keeping with the Reuters report, Ford CEO Jim Farley stated earlier this month that he believed the Trump administration can be “occupied with Ford’s standpoint” concerning potential coverage adjustments. GM CEO Mary Barra stated just a few weeks in the past she felt the automaker and the Trump administration have been “very goal-aligned.” Nonetheless, she did admit that there can be adjustments coming.