Ferrari to recall 2,000 cars in China over braking issues

Ferrari (RACE.MI), a luxury sports vehicle manufacturer, will recall 2,222 automobiles in China owing to a probable brake system defect, according to a statement released by China’s market regulator on Friday.

The State Administration for Market Regulation announced on May 30 that the Italian manufacturer will recall some automobiles imported between March 2010 and March 2019, including 458 of each of its Italia, Speciale, and Spider models.

The delay in initiating the recall was not explained by the regulator.

Ferrari (RACE.MI) launched the new 296 GTS convertible on Tuesday, the luxury sportscar maker’s fourth plug-in hybrid vehicle, as part of its electrification strategy.

It follows Ferrari’s previous three hybrid vehicles into full series production: the SF 90 Stradale in 2019, the SF90 Spider convertible in 2020, and the 296 GTB last year.

The 296 GTS is a convertible version of the original 296 GTB, a luxury car that costs around 300,000 euros ($324,000). It comes with a retractable hard top.

Most important characteristics are shared by the two cars, including a 6-cylinder (V6) mid-rear turbo engine with a 122 KW electric motor for a total of 830 horsepower and 25 kilometers of silent electric-only range.

Ferrari claims the car’s peak speed is over 330 km/h.

Deliveries of the new model will begin in Europe in early 2023, with a price to be announced later.

Ferrari road cars have always been powered by V8 or more powerful V12 engines, although the business is gradually lowering the number of V12-equipped cars in its manufacturing.

Another new model, the much-anticipated Purosangue, will be released in the coming months (Thoroughbred). That will be Ferrari’s first sport utility vehicle (SUV), putting the business in a lucrative market that already includes direct competitors such as Volkswagen’s Lamborghini (VOWG p.DE).

Last week, Chief Executive Benedetto Vigna remarked, “I’m convinced (the Purosangue) will exceed our clients’ expectations.”

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