Photo: original photo by autoevolution
Things aren't all rosy for the Italian automaker these days. Not only Ferrari was beaten by Maserati on third quarter operating profit, but a tenth of the most valuable brand of the FCA will go public next year.
To boot, long-time chief executive officer Luca di Montezemolo resigned due to a minor clash with consortium boss Sergio Marchionne. There's a lot going on with the Prancing Horse today, with the most recent scandal coming in the form of a fine.
A $3.5 million fine. To put that amount of green dollar bills into perspective, that's less than the limited-run Ferrari F60America specially built to celebrate the brand's 60th anniversary in the United States. So what's the reason Ferrari was fined for by the National Highway Traffic Safety Administration?
After some criticism from the media, the NHTSA got even more serious than before with safety recalls. Scrap the General Motors ignition switch saga, this time around the government's watchdog fined the Prancing Horse because the brand failed to submit early warning reports in due time for the past 3 years.
The law says that automakers need to file EWR reports every quarter of a year, but Ferrari didn't do that for the last 36 months and even failed to report 3 incidents that unfortunately resulted in fatal injuries.
US Transportation Secretary Anthony Foxx stated that "there is no excuse for failing to follow laws created to keep drivers safe and our aggressive enforcement action today underscores the point that all automakers will be held accountable if they fail to do their part in our mission to keep Americans safe on the road."
A $3.5 million fine. To put that amount of green dollar bills into perspective, that's less than the limited-run Ferrari F60America specially built to celebrate the brand's 60th anniversary in the United States. So what's the reason Ferrari was fined for by the National Highway Traffic Safety Administration?
After some criticism from the media, the NHTSA got even more serious than before with safety recalls. Scrap the General Motors ignition switch saga, this time around the government's watchdog fined the Prancing Horse because the brand failed to submit early warning reports in due time for the past 3 years.
The law says that automakers need to file EWR reports every quarter of a year, but Ferrari didn't do that for the last 36 months and even failed to report 3 incidents that unfortunately resulted in fatal injuries.
US Transportation Secretary Anthony Foxx stated that "there is no excuse for failing to follow laws created to keep drivers safe and our aggressive enforcement action today underscores the point that all automakers will be held accountable if they fail to do their part in our mission to keep Americans safe on the road."
Google News