Volkswagen Enters Autonomous Car Business With Spin Off Company Moia

Volkswagen is preparing for an era when cars won't need drivers. The company announced Monday the launch of a spinoff company named Moia that will focus primarily on autonomous vehicles. Moia, which will be based in Berlin, was introduced on stage at TechCrunch Disrupt in London and will aim to embrace "mobility solutions." That means, it's essentially working on various transportation concepts that won't require car ownership--or in many cases, won't require a human driver. The move follows the footsteps of automotive companies like Ford and General Motors, which have launched a variety of pilot programs and partnered with ride-hailing services like Uber and Lyft to expand their presence.