Ford Motor Company has pledged to contribute $1 million plus a fleet of vehicles toward the inauguration of President-elect Donald Trump.
According to a report from The Detroit News, Ford is one of an expanding list of major companies who have promised to chip in for Trump’s inauguration ceremony, which is scheduled for January 20th, 2025. While it’s currently the only automaker that has plans to contribute to the festivities, Ford joins other massive corporations like Amazon, Meta Platforms, OpenAI, Robinhood Markets, Uber Technologies, Bank of America, Goldman Sachs Group, and more.
This isn’t the first time Ford has provided resources toward a Trump inauguration. Back in 2017, The Blue Oval gave $250,000 to President Trump’s first inauguration, while Ford’s crosstown rival, General Motors, pitched in with its own $500,000 contribution. Both Ford and GM subsequently contributed the same amounts toward the inauguration of Joe Biden in 2021, and while Ford has already stepped up to the plate for 2025, GM hasn’t indicated if it will contribute again.
As is customary for his position, Trump is forming a committee to coordinate and fund inauguration festivities. This committee finances all inaugural events, apart from the swearing-in ceremony held at the Capitol and luncheon honoring the incoming president and vice president. Responsibility for those events falls on the Joint Congressional Committee on Inaugural Ceremonies.
Ford – and the automotive industry as a whole – is bracing for major change under the forthcoming Trump presidency. The automaker stands to be negatively affected by proposed tariffs, especially considering the that key Ford vehicles like the Maverick, Mustang Mach-E, and Bronco Sport are produced in Mexico. The Trump transition team is also weighing canceling EV incentive programs while also potentially dropping the EV USPS contract by ending its agreement with Ford and Oshkosh.
Even so, Ford CEO Jim Farley is holding steadsy, saying he “isn’t panicked” about potential Trump policy changes.
Comments
Biden did not help Ford either by forcing EV mandates and then exempting half the tax credit from the Mustang Mach E.
Jan 20th can’t come fast enough.
Just think in less than a month the chaos begins. These are going to be interesting times for America.
No chaos during the last 4 years Earl? Selective memory?
Good economy, Finally a infrastructure bill and a new chips manufacturing plant in the US. And let’s not forget no corruption from the guy in the whitehouse.We will see how long before things really get ____ up. Good memory on my part.