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Toyota donates $1 million to Trump's inauguration

Toyota Motor Co. (TM. N) will donate $1 million to U.S. President-elect Donald Trump's Jan. 20 inauguration, a spokesperson said Tuesday. The day before, Detroit-based Ford Motor Co. (F. N) and General Motors Co. (GM. N) also said they would donate the same amount of money. Ford and GM will also provide vehicles for the inauguration, but Japan-based Toyota said they do not plan to do so. Trump's proposed tariffs on imports from Mexico and Canada would affect many automakers in North America, including Toyota, which makes Tacoma pickups in Mexico. Trump also intends to repeal many of current President Joe Biden's favors on electric vehicles and emissions. Other major companies, including Amazon (AMZN. O) and Meta Platforms (META. O), also contributed to the inauguration.