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.
(Reuters) - Morgan Stanley joined Barclays and Macquarie in forecasting a single 25 foundation level…
PARIS (Reuters) - French oil main TotalEnergies reported a 15% drop in fourth quarter earnings…
Britain may do a slimmed down commerce cope with the USA inside months, the final…
An arms race for synthetic intelligence (AI) supremacy, triggered by latest panic over Chinese language…
OSLO (Reuters) -Equinor on Wednesday posted barely higher-than-expected income for the ultimate quarter of 2024,…
By Howard Schneider (Reuters) - The Federal Reserve can proceed reducing rates of interest at…