Ford Motor Company has announced a donation of $1 million and a fleet of vehicles to President-elect Donald Trump’s inauguration, as part of its strategy to influence upcoming policies on tariffs and electric vehicles that could impact the automaker.
The move comes amid concerns about proposed tariffs on imports and the elimination of an electric vehicle tax credit that benefits Ford.
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CEO Jim Farley expressed optimism that the new administration would consider Ford’s perspectives on these issues, highlighting the company’s significance to the U.S. economy.
Ford joins other major corporations, including Amazon and Meta, in contributing to the inauguration fund.
This donation reflects Ford’s efforts to secure a favorable business environment as it ramps up production of battery-powered models.
Analysts suggest that consumers may bear the costs of any tariffs implemented by the Trump administration.
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