Correction: Ford-Scooters story

Posted: Updated:

NEW YORK (AP) - In a story Nov. 8 about Ford buying electric scooter company Spin, The Associated Press reported erroneously the owner of Ford Go Bike. Motivate owns the bike share system, not Ford, which is a lead sponsor.

A corrected version of the story is below:

Ford buys electric scooter sharing company Spin

Ford Motor buys electric scooter sharing company Spin, expanding its presence in alternative forms of transportation

NEW YORK (AP) - Ford Motor Co. has bought an electric scooter sharing company, expanding its presence in alternative modes of transportation.

The century-old automobile company announced its acquisition of Spin, a San Francisco-based dockless scooter sharing company, on Wednesday.

Spin operates in 13 cities and campuses and allows riders to borrow a scooter for $1 and an additional 15 cents per minute.

Ford says the number of mobility options available to people has risen dramatically in recent years, and in some situations people use multiple forms of transportation during a single trip.

Ride-sharing giants Uber and Lyft also have been investing in scooter-sharing companies.

Ford is the lead sponsor of bike sharing system Ford Go Bike in the San Francisco Bay Area.

Financial terms of the Spin acquisition were not disclosed.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."