Ford enters scooter wars with acquisiton of startup Spin

Ford Motor Co. agreed Thursday to acquire the electric scooter-sharing startup Spin, entering the fast-growing segment of last-mile urban mobility. "The acquisition of Spin is the latest strategic move by Ford in the mobility space, as the company builds a mobility portfolio to help customers get places more easily, more quickly and less expensively," Ford said in a statement. Ford's move adds a major new player to the hot segment that includes Uber, Lyft and others operating in dozens of cities worldwide, allowing smartphone users to unlock and ride the scooters and leave them anywhere, with no dock required.

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