Ford and General Motors are each donating $1 million and providing vehicles to President-elect Donald Trump’s inauguration, as confirmed by GM on Dec. 26. Both automakers have historically supported previous presidential inaugurations, though specifics were not provided. Inaugural committees oversee presidential inaugural ceremonies and related activities, per the Federal Election Commission. Businesses like Amazon, Uber, and Toyota reportedly contribute, fueling speculation that the inauguration could surpass the $107 million fundraising record set in 2017. Michigan automakers may seek to influence Trump’s stance on key issues, including a proposed 25% tariff on imports from Mexico and Canada and the potential removal of a $7,500 EV tax credit.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Warren General Motors are each donating $1 million and providing vehicles to President-elect
00:07Donald Trump's inauguration, as confirmed by GM on December 26.
00:11Both automakers have historically supported previous presidential inaugurations,
00:15though specifics were not provided.
00:17Inaugural committees oversee presidential inauguration ceremonies and related activities
00:23per the Federal Election Commission.
00:25Businesses like Amazon, Uber, and Toyota are also reportedly contributing,
00:30fueling speculation that the inauguration could surpass the $107 million fundraising record
00:35set in 2017.
00:37Michigan automakers may seek to influence Trump's stance on key issues,
00:41including a proposed 25% tariff on imports from Mexico and Canada
00:44and the potential removal of a $7,500 EV tax credit.
00:48For all things money, visit Benzinga.com.