The National Highway Traffic Safety Administration said Friday it is fining Italian luxury automaker Ferrari $3.5 million for failing to disclose reports of issues of its vehicles under a 2000 law.Ferrari — a unit of Fiat Chrysler Automobiles NV — was not required to file quarterly early warning reports until Fiat SpA acquired Chrysler in 2011 “identifying potential or actual safety issues” but was required to file reports on any fatal incidents. The company admitted it did not comply with the law and signed the agreement on Oct. 22.
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