US regulators fine Ferrari US$3.5m for not filing reports
[DETROIT] Fiat Chrysler Automobiles' Ferrari sports car brand has been fined US$3.5 million for not filing "early warning reports" indicating safety issues with US safety regulators, the National Highway Traffic Safety Administration said on Friday.
Ferrari has been required since 2011 to file quarterly early warning reports, because that was the year that Fiat began selling cars in the US market. Before then, Ferrari as a small-volume manufacturer did not have to file the reports.
Ferrari admitted that it violated the law when it failed to submit required reports to NHTSA, a part of the US Department of Transportation, over a three-year period, and failed to report three fatal incidents, NHTSA said in a statement.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
SIA staff rewarded with nearly 8 months of bonus pay as airline posts record S$2.7 billion profit for FY2024
Boeing, Airbus need to do more to reduce new jet delays, says Qatar Airways CEO
SIA posts 0.3% rise in H2 net profit as competition from other airlines intensifies
Malaysia Airports gets take-private offer from consortium including Khazanah, EPF
Honda moves to cut China workforce with voluntary layoffs
HD Hyundai expands Asia business with Philippines shipbuilding deal