Ford Motor Co. said it acquired Spin, a San Francisco-based scooter-sharing company.
For Ford, the deal adds scooters to a sprawling array of future transportation services, which already include autonomous vehicles and on-demand shuttles. As for Spin, it has found a deep-pocketed acquirer after having been locked out of several key markets.
“As more people consider scooters to be a viable mobility option, now’s the right time for Ford’’ to work closely with Spin, the automaker said in a statement. ``Spin is an important step towards realizing our ambitious vision for the future of urban mobility.’'
The San Francisco-based ...