Ferrari Sued for Failing to Fix ‘Life-Threatening' Brake Defect [BNN Bloomberg (Canada)]
Ferrari N.V. Common Shares (RACE)
Last ferrari n.v. common shares earnings: 2/4 05:58 am
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corporate.ferrari.com/en/investors
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Source: BNN Bloomberg
The recalls were no more than “an interim corrective measure” for one of the identified brake problems, leaving thousands of Ferrari drivers in unsafe vehicles, according to the proposed class action filed Monday in San Diego federal court. California resident Iliya Nechev claims his 2010 Ferrari 458 Italia, which he bought in 2020, had “brake issues” from the day he got it and “would experience partial or total loss of braking capability.” “On one occasion, plaintiff was driving downhill at approximately 50 miles per hour and while preparing to take a 90-degree right hand turn, plaintiff pressed down on his brakes,” but the car didn't slow down, the brake pedal was hard, and despite down shifting, there was no brake pressure, according to the suit. Read More: Ferrari Recalls Thousands of Supercars Globally on Brake Risk When Nechev reported this to the Ferrari dealer, he said, he was told the issue was “normal.” In a voluntary recall initiated in October 2021, Ferrari Nort
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RACE
News
- Ferrari (NYSE: RACE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ferrari (NYSE: RACE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ferrari N.V.: Periodic Report on the Buyback ProgramGlobeNewswire
- Ferrari (NYSE: RACE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ferrari enters into a partnership agreement with HPGlobeNewswire
RACE
Earnings
- 2/1/24 - Beat
RACE
Sec Filings
- 4/30/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/22/24 - Form 6-K
- RACE's page on the SEC website