Quite a simple premise here from oiio, a New York and Athens-based group of architects, urbanists and researchers. The group focused on 'examining the dissection of a working car into working components and how those components could be more efficiently utilised according to given circumstances.'
Or, put another way, oiio reasons that the motor and chassis of a car could be a shared device, while people only own the cabin and 'trunk' of a vehicle, which then slots onto a hire chassis/motor when it arrives. This allows people to have any shape bodywork they want and keep it once they have commuted to their place of work, the shell even functioning as a lift for 'last-mile' transportation to offices.
The team that came up with this idea comprised Ioannis Oikonomou (concept design), Eirini Tsachrelia, Gregory Vegliris, Michail Xyntarakis and Georgios Cherouvim.
The concept of not actually owning cars in the future is not a new one, per se, as many manufacturers believe people will shift to an 'on-demand' service of autonomous, electrified cars, preventing gridlock in cities and issues with parking, but actually splitting said cars into two is more of an interesting idea from oiio.
We will say this: oiio's team are obviously big fans of Ridley Scott's Blade Runner, because the last piece of architecture we see in the video is an absolute ringer for the Tyrell Building. Maybe oiio thinks LA 2060 will indeed be manufacturing a lot of Replicants or something...