Ford to snap up Spin
Ford Motor has acquired Spin, a San Francisco-based, scooter-sharing company, for an undisclosed amount. For Ford, the deal adds scooters to a sprawling array of future transportation services, which already include autonomous vehicles and ondemand shuttles. As for
Spin, it has found a deeppocketed acquirer after having been locked out of several key markets. "As more people consider scooters to be a viable mobility option, now is the right time for Ford' to work closely with Spin," Ford has said in a statement, adding: "Spin is an important step towards realising our ambitious vision for the future of urban mobility."