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I had the same problem - it is the PNP swtich, was about $250 for me to have done at indie shop.
You may be able to get the car going temporarily by turning it off and on a few times and then running the gear shift rapidly between park and 1 back and forth about 20 times to jiggle the switch.
My car started fine but would "slip" in and out of gear when the switch went, and the arrow would flash. Common problem in the 850's apparent but easily fixed. Call around for prices and get a Coloe specialist other garages will look at you like you are crazy and try to convince you it's another problem!
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