Company Of The Day: Ford

by Trefis Team
-4.57%
Downside
15.70
Market
14.98
Trefis
F
Ford
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What?

Ford’s (NYSE:F) micro-mobility subsidiary Spin introduced its first in-house-built electric scooter, dubbed the S-100T, which it says will be its safest and longest-lasting model. Spin also makes the S-100 scooter and the three-wheeler S-200 via partnerships.

So What?

Although the introduction is unlikely to move the needle for Ford’s business, as it only expects to have few thousands of these vehicles on the road by the end of this year, there have been reports that Ford is considering selling Spin or merging it with a SPAC in a move that could unlock value for shareholders.

See Our Complete Analysis For Ford

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