#risen dramatically

NEW YOR | Ford buys electric scooter sharing company Spin

NEW YORK— 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.