Deals
Ford Is Considering Divesting Electric-Scooter Unit Spin
- Automaker considering sale or spinoff of the division
- Ford working with adviser examining strategic options
Spin electric scooters in Washington, D.C.
Photographer: Eva Hambach/AFP/Getty Images
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Ford Motor Co. is considering divesting its electric scooter-sharing service Spin, according to people familiar with the matter.
The company is working with an adviser to examine strategic options including a sale or spinoff of the unit, said the people, who asked not to be identified because they weren’t authorized to speak publicly. It could also look to merge the unit with a special purpose acquisition company, the people added.