DETROIT, Dec 23 (Reuters) - U.S. automakers Ford Motor ( F )
and General Motors ( GM ) will donate $1 million each,
along with vehicles, to U.S. President-elect Donald Trump's
January inauguration, company spokespersons said on Monday.
Policies on tariffs and electric vehicles under
consideration by the incoming administration would affect
Detroit carmakers such as Ford, which is struggling to ramp up
and sell its battery-powered models.
Republican Trump has proposed broad tariffs on imports from
Mexico and Canada, as well as killing an EV tax credit that
benefits Ford.
Ford CEO Jim Farley told reporters this month he was
optimistic Trump would be open to hearing the company's
perspectives on these actions.
"(Given) Ford's employment profile and importance in the
U.S. economy and manufacturing, you can imagine the
administration will be very interested in Ford's point of view,"
Farley said.
General Motors ( GM ) also said on Monday it is donating $1 million
to the event and will provide vehicles.
Other large companies, including Amazon ( AMZN ) and Meta
Platforms ( META ), have also donated to the inauguration.
Trump raised a record $106.7 million for his 2017
festivities.
Democratic President Joe Biden raised $61.8 million for his
2021 inauguration, with contributions from companies including
Pfizer ( PFE ), AT&T ( T ) and Boeing ( BA ).