Hyperdrive
VW Mobility Unit Head Says Self-Driving Cars Core to Plan
- VW wants Moia unit to grow to size of Uber Technologies, Lyft
- Strategy ‘doesn’t include losing money’ through 2025: Harms
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Volkswagen AG’s fledgling Moia mobility unit is betting on the rise of self-driving cars to deliver on its plan to catch up with ride-hailing leaders like Uber Technologies Inc. without burning through piles of cash.
Moia is focused on connecting the fast-changing mobility marketplace with the German automaker’s vast manufacturing capacity, including its efforts to develop autonomous cars, according to the subsidiary’s head, Ole Harms. Moia is open to partnerships as it aims to crack the top three in mobility -- a category that includes services like ride pooling and car sharing -- and also make a profit by 2025, he said.