Ford and General Motors will both donate $1 million and vehicles to President-elect Donald Trump’s January inauguration, Reuters reported Monday.
CEO Jim Farley of Ford told reporters earlier this month he is excited about working with the incoming Trump administration to ensure the company is “rewarded for our commitment to America and Michigan,” according to the Detroit Free Press.
“Ford’s employment profile and importance in the U.S. economy and manufacturing, you can imagine the administration will be very interested in Ford’s point of view,” Farley reportedly said.
Bloomberg noted in a report last week that Trump’s plan for his first 100 days in office includes ending rebates for electric vehicle buyers.
Farley said Ford expects changes in tax benefits for those consumers but noted the company is “very well-positioned” for any policy changes, according to the Detroit Free Press.
Ford dealers have also been prioritizing electric vehicle sales in some markets, the newspaper quoted Farley as saying.
“We did take some pricing action. We’re working with our dealers to make sure they sell the whole lineup, not just our hybrids. So they’re putting more emphasis on EVs in certain parts of the market,” he reportedly explained.
Earlier this month, General Motors CEO Mary Barra said Trump listens intently to the automotive industry, according to the Detroit Free Press.
“I think we’re very goal-aligned,” the newspaper quoted her as saying. “We want a strong economy. We want a strong manufacturing base in this country. We agree automotive jobs are important. I think there’s a lot that we could work on.”
“But there’s going to be changes,” Barra reportedly continued. “But we’ve worked with many administrations for decades.”
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