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Ferrari Fined in U.S. for Not Filing Safety Reports
Ferrari California
Ferrari SpA has been fined $3.5 million (€2.8 million) for failing to file quarterly "early warning" reports about possible safety problems with the U.S. over the last three years.
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Ferrari California
Ferrari SpA has been fined $3.5 million (€2.8 million) for failing to file quarterly "early warning" reports about possible safety problems with the U.S. over the last three years.
For years Ferrari was exempted as a small-volume manufacturer from submitting the reports to the National Highway Traffic Safety Administration. The reports detail crashes, customer complaints and other indicators of possible product flaws.
But Ferrari's exemption ended in 2011 when Ferrari owner Fiat SpA began selling the Fiat 500 city car in America. Ferrari acknowledges its error in failing to submit the reports.
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