U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom 
FSU Criticizes ANZ Over Suncorp Bank Job Cuts Amid Post-Acquisition Commitments 
Hermès Menswear Marks Historic Transition as Véronique Nichanian Bids Farewell in Paris 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks 
Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand 
USDA $12 Billion Farm Aid Program Draws Mixed Reactions from Row Crop Farmers 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
Ferrari, the Italian luxury sports car maker headquartered in Maranello, Italy, announced that it would be recalling most of the units it sold since 2005. This is 17 years' worth of luxury vehicles, so the number will reach thousands.
According to Fox Business, Ferrari is recalling the vehicles due to leaky brake fluid, which could lead to possible brake failure. While it may seem that this will be a lot of vehicles, the company estimated that just one percent of the recalled cars are actually affected by the flaw.
In all of the company’s vehicles, 19 of the models that were sold in the last 17 years are at risk of brake failure and this information was based on a report that was filed in July with the National High Traffic Safety Administration. In the report, it was stated that the cars were fitted with ineffective brake fluid reservoir caps that may not efficiently prompt vent pressure.
The defective caps can produce a vacuum "that could potentially leak brake fluid,” and this may cause partial or total loss of braking capability. To solve the problem, Ferrari will be replacing the existing reservoir caps on the cars. In addition, it will also place new software in the vehicles to give warnings to drivers in case a brake fluid leak occurs.
Ferrari also informed car owners who may experience low brake warnings to immediately get off the road. The next thing to do is to call the Ferrari Roadside Assistance so that the vehicle could be towed to the nearest authorized dealer.
The company will be notifying owners and all of its authorized dealers about the recall by Sept. 24. It was noted that Ferrari already had a recall due to a similar issue in October of last year. At that time, the company recalled more than 10,000 car units for brake failure and affected models that were sold between 2010 -2015 and 2016 - 2019.
Meanwhile, the New York Post mentioned that the Italian automaker is recalling more than 23,000 vehicles this time. Some of the Ferrari models that were sold since 2005 are not included in the recall and these are the 575M Maranello, SF90, 599 GTB, and 296.
