Ford gifts cash and vehicles to Trump inauguration as it seeks to lobby president-elect
2 weeks, 2 days ago

Ford gifts cash and vehicles to Trump inauguration as it seeks to lobby president-elect

Raw Story  

The Ford Motor Company is donating $1 million and a fleet of vehicles to President-elect Donald Trump's inauguration, as the company tries to lobby for relief from his proposed tariffs, Reuters reported Monday. All of this, the report noted, comes as "policies on tariffs and electric vehicles that the incoming administration is considering would likely affect Detroit carmakers like Ford, who are struggling to ramp up and sell their battery-powered models." Trump has already vowed massive tariffs on China, Canada and Mexico, the latter two of which at least would significantly impact Ford's production. Tech billionaire Elon Musk's flagship automaker Tesla also benefits from the electric vehicle subsidy, but he has signaled he is unconcerned with it being eliminated because he believes his competitors would be the larger losers.

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Donald Trump allies raise $200 million for inauguration fund — Pfizer, Meta, Amazon among donors: Report
3 days, 18 hours ago

Donald Trump allies raise $200 million for inauguration fund — Pfizer, Meta, Amazon among donors: Report

Live Mint  

US President-elect Donald Trump’s allies have successfully raised over $200 million to fund a range of initiatives, including his inauguration, political operation, and eventual presidential library, The New York Times reported. The $150 million already raised for the inauguration alone, with more expected, will surpass the $107 million collected for Trump’s 2017 inauguration, according to individuals briefed on the matter, …

Big companies that denounced Jan. 6 are now showering millions on Trump inauguration
2 weeks ago

Big companies that denounced Jan. 6 are now showering millions on Trump inauguration

Salon  

Gone are the days of corporate tut-tutting at President-elect Donald Trump’s support for white supremacists, Muslim bans or insurrection attempts. America’s richest businesses, big banks, Silicon Valley, and car manufacturers are hoping to buy goodwill with an incoming administration through massive donations to Trump’s inauguration fund. Google, which donated to Trump’s first inauguration and President Joe Biden’s inaugural fund, has …

The big companies funding Trump’s inauguration despite denouncing Jan 6
2 weeks, 1 day ago

The big companies funding Trump’s inauguration despite denouncing Jan 6

Live Mint  

Four years ago, dozens of companies denounced the invasion of the U.S. Capitol and pledged to withhold support from those who disputed the 2020 election results. Trump’s 2017 inaugural fund received donations of $1 million or more from 18 companies, and this year’s fund is on track to outpace that, people familiar with the fundraising said. Stanley Black & Decker …

The climate cost of Trump’s tariffs
3 weeks, 6 days ago

The climate cost of Trump’s tariffs

Raw Story  

Shortly after he was elected, Donald Trump announced an economic gambit that was aggressive even by his standards. “The consensus on the first round of Trump tariffs is that generally did not improve American productivity,” said Alex Muresianu, a senior policy analyst at the Tax Foundation, a right-leaning think tank. They didn’t achieve much.” The recently threatened tariffs would ratchet …

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company
2 months ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Associated Press  

NEW YORK — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. …

Musk says Trump's withdrawal of EV support will harm rivals more than Tesla
5 months, 2 weeks ago

Musk says Trump's withdrawal of EV support will harm rivals more than Tesla

Firstpost  

Former President Trump, the Republican candidate supported by Musk, has been critical of the Biden administration’s EV policies and has said that he will ’end the electric vehicle mandate’ if he wins office Musk said any Trump removal of subsidies, and the resulting impact on Tesla car sales was not crucial because Tesla is an artificial intelligence company focused on …

Elon Musk reveals the ridiculous amount he's donating to Trump
5 months, 3 weeks ago

Elon Musk reveals the ridiculous amount he's donating to Trump

Daily Mail  

Billionaire Elon Musk has said he plans to commit a massive, monthly donation to a new pro-Trump super political-action committee. Musk had indicated that he planned to start his donations in July to the America PAC, backing former President Donald Trump's presidential run. This move cements Musk's shift towards right-wing politics and gives Trump a high-profile backer in his bid …

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