The National Highway Traffic Safety Administration has fined Ferrari $3.5 million after the supercar makers failed to report fatalities and defects.

The National Highway Traffic Safety Administration (NHTSA) has fined Ferrari $3.5 million after the supercar makers failed to report fatalities and defects.

Ferrari is facing this substantial civil fine because for three years they didn't file early warning reports mandatory by the federal law and in this time interval there were three fatal accidents. According to the NHTSA, from the third quarter of 2011 to the second quarter of this year Ferrari failed to submit any early warning reports to the agency.

It should be mentioned that because it sold less than 5,000 cars, Ferrari was exempt from these reporting requirements up until 2011 when the prancing horse was consolidated with Fiat but they still had to report any fatal accidents.

Ferrari has announced they will pay the fine and have already started working on a new implementation of these procedures so that it won't happen again in the future.

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