Categories: Stock Market News

Toyota is donating $1 million to Trump’s inauguration


By Nora Eckert

DETROIT (Reuters) – Toyota Motor (NYSE:TM) of North America is donating $1 million to President-elect Donald Trump’s Jan. 20 inauguration, an organization spokesman stated on Tuesday, a day after Detroit’s Ford Motor (NYSE:F) and Basic Motors (NYSE:GM), stated they’d give the identical quantity.

Ford and GM are additionally contributing automobiles to the festivities, whereas Toyota just isn’t planning to, the Japan-based firm stated.

Trump’s proposed tariffs on imports from Mexico and Canada would have an effect on many automakers in North America, together with Toyota, which produces the Toyota Tacoma pickup truck in Mexico. The incoming president additionally goals to unravel a lot of Democratic President Joe Biden’s insurance policies on electrical car and emissions, Reuters has reported.

Different massive firms, together with Amazon (NASDAQ:AMZN) and Fb father or mother Meta Platforms (NASDAQ:META) have additionally donated to the inauguration.

admin

Share
Published by
admin

Recent Posts

Retail buyers purchase Novo dip after disappointing weight-loss drug knowledge

By Bhanvi Satija (Reuters) - U.S. retail investor fund flows into Novo Nordisk (NYSE:NVO) surged…

24 minutes ago

Amicorp Group to dispute $1 billion authorized declare by Malaysia’s 1MDB for alleged fraud

KUALA LUMPUR (Reuters) -Amicorp Group has mentioned it is going to dispute a declare for…

1 hour ago

Iran lifts ban on WhatsApp and Google Play, state media says

DUBAI (Reuters) - Iranian authorities have lifted a ban on Meta's immediate messaging platform WhatsApp…

2 hours ago

Russia’s inflation reaches 9.5% this yr, weekly information exhibits

MOSCOW (Reuters) - Russia's inflation has reached 9.5% this yr, based on new weekly information…

3 hours ago

Morocco shares decrease at shut of commerce; Moroccan All Shares down 0.58%

Investing.com – Morocco shares had been decrease after the shut on Tuesday, as losses within…

3 hours ago