Ford buying San Francisco-area e-scooter startup Spin

DETROIT (Reuters) - Ford Motor Co said Thursday it will join the mushrooming micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm based in San Francisco.The No. 2 U.S. automaker, one of the first to enter the sector, will invest about $200 million (152.31 million pounds) in Spin, according to a source familiar with the acquisition.The purchase price is dwarfed by investments in — and valuations awarded to — Lime and Bird, the U.S. market leaders..