Ferrari to Pay Record $3.5 Million Fine for Missing U.S. Reports
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Ferrari SpA’s $3.5 million fine by the U.S. government is the largest ever imposed on an automaker for failing to quickly report customer complaints, injuries and alleged defects to regulators.
Among the violations were three fatalities that were never logged with the National Highway Traffic Safety Administration: A 2009 crash in California of a F430 Spider, a 2006 accident in Germany in a F430F1, and a 2005 Illinois crash involving a 360 Spider, according to information provided yesterday by NHTSA.