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.