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Toyota is donating $1 million to Trump's inauguration
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Toyota is donating $1 million to Trump's inauguration
Dec 24, 2024 8:06 AM

DETROIT, Dec 24 (Reuters) - 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 ( F ) and General

Motors ( GM ), said they would give the same amount.

Ford and GM are also contributing vehicles to the

festivities, while Toyota ( TM ) 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 ( TM ),

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.

Other large companies, including Amazon ( AMZN ) and

Facebook parent Meta Platforms ( META ) have also donated to the

inauguration.

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