Ford CEO Jim Farley poses for a photograph earlier than asserting at a press convention that Ford Motor Company shall be partnering with the world’s largest battery firm, China-based Contemporary Amperex Technology, to create an electrical car battery plant in Marshall, Michigan, on Feb. 13, 2023, in Romulus, Michigan.
Bill Pugliano | Getty Images
Ford Motor Co is donating $1 million and a fleet of automobiles to U.S. President-elect Donald Trump’s January inauguration, an organization spokesperson mentioned on Monday.
Policies on tariffs and electrical automobiles which are being thought of by the incoming administration would probably have an effect on Detroit carmakers like Ford, who’re struggling to ramp up and promote their battery-powered fashions.
Republican Trump has proposed vital tariffs on imports from Mexico and Canada, in addition to killing an EV tax credit score that advantages Ford.
Ford CEO Jim Farley advised reporters earlier this month he was optimistic that Trump can be open to listening to the U.S. automaker’s views on these actions.
“(Given) Ford’s employment profile and significance within the U.S. economic system and manufacturing, you possibly can think about the administration shall be very taken with Ford’s perspective,” Farley mentioned.
Other giant corporations, together with Amazon and Meta Platforms, have additionally donated to the upcoming inauguration.
Trump raised a report $106.7 million for his 2017 festivities.
Democratic President Joe Biden raised $61.8 million for his 2021 inauguration, with contributions from corporations together with Pfizer, AT&T and Boeing.
