World’s Largest Automaker Becomes Latest To Make Seven-Figure Donation To President Trump’s Inauguration

Unlike when he was elected to his first term, many businesses are cozying up to President Donald Trump ahead of his second term in the White House.

A string of tech executives have already met with him and several major corporations are donating big bucks to his upcoming inauguration. The latest such example is Toyota, which announced a $1 million contribution.

According to The Hill:

Toyota joins Ford and a number of other companies in pledging significant donations to Trump’s inauguration. Ford is reportedly donating $1 million.

Meta and Amazon both handed over seven-figure donations of their own to the president-elect’s inaugural fund last week. Open AI CEO Sam Altman has also said he would give $1 million out of his personal wealth.

A report from S&P Global released in late November found U.S. and European carmakers could lose a maximum of 17 percent of their combined annual core profits in the case of steep tariffs on Europe, Canada and Mexico.

News of Toyota’s commitment sparked some social media discussion this week:

Now that Toyota is donating $1 million to Trump’s inauguration, TDS-afflicted Democrats are grappling with the dilemma of what to do with their Priuses.

— Bad Hombre (@joma_gc) December 24, 2024

BREAKING: Toyota and Ford have just donated $1 Million to President Trump’s inauguration fund.

👀 pic.twitter.com/S8Ki3P0Nzt

— Ian Jaeger (@IanJaeger29) December 24, 2024

What are the libs going to drive? 🤪

— MAZE (@mazemoore) December 24, 2024

Toyota’s decision came on the heels of a similar statement from Ford, as reported by USA Today:

Another American-based big-leaguer is kicking in cash to incoming President-elect Donald Trump’s January inaugural fund.

Ford Motor Co., headquartered in Dearborn, Michigan, will donate $1 million as well as a fleet of vehicles for the festivities, a spokesperson confirmed to USA TODAY Monday.

Earlier this month, Ford CEO Jim Farley told reporters his leadership team is carefully watching for policy changes in Washington but isn’t panicked about Trump returning to the presidency, The Detroit Free Press, part of the USA TODAY Network reported.

Here’s some additional coverage of the corporate response to Trump’s landslide victory: