Ford donates millions for Trump's taking office - a strategic move?

Ford donates millions for Trump's taking office - a strategic move?

Detroit, USA - Ford Motor Co. has announced a significant donation of $ 1 million to support the celebrations for the inauguration of future US President Donald Trump in January. This is done in accordance with similar support from other large companies such as Amazon and Meta, which also want to participate in these celebrations, as krone.at . Ford will also provide a fleet of vehicles that should be used. This decision is accompanied by the possibility that Trump's upcoming politics, in particular in terms of tariffs on imports and the deletion of tax benefits for electric vehicles, could have far -reaching effects on the automobile manufacturer.

tense relationship with the new government

CEO Jim Farley is optimistic that Trump will be open to Ford's concerns. He emphasized the important role of Ford in the US economy and industry as a whole, especially in terms of employment. These positive signals are particularly important because Trump plans to introduce considerable tariffs on vehicle imports from Mexico and Canada and to abolish tax benefits for electric vehicles that benefit Ford. Farley expressed that the company hoped that the new administration would take Ford's perspective into account, as well as CTV News reported. Despite the emphasized support of Ford, the official statement by Trump or his transition team has so far been left.

Trump's first inauguration in 2017 was associated with record donations of $ 106.7 million, while Joe Biden collected $ 61.8 million for his office in 2021, including contributions from companies such as Pfizer and Boeing. The policy of the new administration will be decisive for how Ford and other US automobile manufacturers can position themselves in a changing market.