Driverless Cars: Is This the Best Stock Investors Are Missing?
Ready or not, here they come. Driverless cars are the future and they're likely to be here in some form more quickly than you think. It's a megatrend that automotive companies, as well as technology companies, are hoping to capitalize on, and it's an opportunity that could make savvy investors wealthy over the long haul. But with Intel's acquisition of Mobileye (NYSE: MBLY), which was one of few pure plays into driverless-vehicle technology investors had at their disposal, is Delphi Automotive (NYSE: DLPH) the next best stock to own?
Even if you're knowledgeable about driverless-car stocks, you may be unfamiliar with Delphi Automotive, so here's a quick history lesson. Delphi is one of the largest automotive-parts suppliers in the world and was originally formed by General Motors (NYSE: GM) before it was spun off as an independent publicly held corporation, in the late 1990s. As a public company it struggled with the tough nature of the automotive-parts business and entered bankruptcy in 2005. But it re-emerged in 2009 and went public again in 2011. Since then, it's done quite well for investors.
Source: Fool.com
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