Ford is reportedly buying e-scooter startup Spin

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Image result for Ford is reportedly buying e-scooter startup SpinThe move could counter GM and others expanding beyond cars.

Ford might not sit idly by while other transportation companies expand beyond cars. Axios sources say the Blue Oval has agreed to buy e-scooter service Spin for roughly $40 million. It’s not certain what Ford would do with the company or what would happen to its staff. We’ve asked Ford if it can comment on the report and will let you know if it has more to share.

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