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GM sells its stake in troubled electric pickup maker Lordstown Motors

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Ford sells scooter business Spin to Europe’s Tier

Ford has agreed to sell Spin, the scooter rental startup it acquired in 2018, to Tier, a Berlin-based micromobility company, for an undisclosed price. Why it matters: Despite an initial thesis around expanding into transportation beyond cars, “this allows [Ford] to focus on their core business” as the importance of autonomous driving has grown, Spin CEO Ben Bear tells Axios.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeAnd for Spin, the sale

Biden pushes 15% minimum tax for corporations in his State of the Union address after 55 Fortune 500 companies paid no U.S. income tax last year

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