NHTSA fines Ferrari $3.5 million for failing to file reports

Article by Christian A., on November 3, 2014

The United States National Highway Traffic Safety Administration has fined Ferrari $3.5 million for not filing "early warning reports" indicating safety issues with the agency. According to the NHTSA, Ferrari has been required to file quarterly early warning reports since 2011, the year when parent Fiat started sales in the US.

Before its parent started selling in the US, Ferrari was not required to file the reports since it is considered as a small-volume manufacturer. Ferrari admitted violating the law after failing to file the reports to NHTSA since 2011, and failing to report three fatal incidents, NHTSA said in a statement.

Transportation Secretary Anthony Foxx in the statement that there is no excuse for “failing to follow laws created to keep drivers safe.”

He noted that the fine imposed against Ferrari means that all carmakers will be held accountable if they failed to do their part in the “mission to keep Americans safe on the road.”

Fiat Chrysler Automobiles – a merger between Chrysler Group and Fiat – recently announced plans to spin off Ferrari and list its shares to raise funds for financing its five-year expansion project.

If you liked the article, share on:

Topics: nhtsa, ferrari

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019