Ferrari Recalls Thousands of Supercars Globally on Brake Risk
- Shares tumble in Milan, leading Europe automakers index lower
- Issue could result in reduced braking performance or failure
Photographer: Kiyoshi Ota/Bloomberg
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Shares in Ferrari NV tumbled the most in more than two weeks after the luxury sports carmaker confirmed it will recall thousands of supercars due to problems with their braking system.
“Vehicles involved in this recall campaign are equipped with a brake reservoir fluid cap that may not vent properly, thereby potentially creating vacuum inside the brake fluid reservoir,” Maranello, Italy-based Ferrari said in a statement. The recall involves some of the carmaker’s 458 and 488 vehicles.