Toyota has reportedly donated $1 million to Donald Trump’s inauguration. This follows similar $1 million contributions from Ford and General Motors, announced the previous day. Both US automakers will also provide vehicles for the January 20th event. These donations, along with $1 million contributions from Amazon and Meta, and a personal donation of $1 million from OpenAI CEO Sam Altman, reflect large companies’ efforts to cultivate a favorable relationship with the incoming president.
The timing of these donations is significant, given Trump’s proposed tariffs on goods from Mexico and Canada, which could severely impact automakers and disrupt supply chains. His campaign promise to end what he called Joe Biden’s “electric vehicle mandate” and his transition team’s reported plan to eliminate a tax incentive for EV production also pose potential challenges to the industry.
Ford CEO Jim Farley expressed enthusiasm about working with the Trump administration, emphasizing Ford’s substantial contribution to the US economy and its hope for favorable treatment. General Motors CEO Mary Barra similarly expressed cautious optimism, noting shared goals regarding a strong economy and manufacturing base. She highlighted potential areas of collaboration between the company and the administration.
According to the *New York Times*, donors contributing at least $1 million are offered perks including tickets to inauguration events and dinners with Trump, his cabinet appointees, and incoming Vice President JD Vance.