As investors push auto stocks higher believing autonomous-drive technology will ultimately deliver a huge payoff, Fiat Chrysler CEO Sergio Marchionne is here to throw some cold water on that optimism.
"Don't believe the fluff," Marchionne told analysts when asked about self-driving cars. "I don't want to start chasing rainbows here, because if you chase rainbows you are going to fall off the cliff."
Marchionne's point: It will be a while before we see widespread use of autonomous-drive vehicles and it is still too early to know which companies will succeed and which ones will fail with self-driving cars.
The question now is do we have the road for it?
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