Air Canada Express Crash at LaGuardia: Controller Distracted by Prior Emergency 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
Gold Prices Climb as Middle East Ceasefire Talks Stir Market Optimism 
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty 
SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion 
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy 
Valero Port Arthur Refinery Explosion Prompts $1M Lawsuit Over Worker Safety Negligence 
Australia-EU Free Trade Deal Signed After Years of Negotiations 
Oil Prices Climb as Iran Reviews U.S. Peace Proposal Amid Middle East Tensions 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Gold Prices Surge on U.S.-Iran Ceasefire Reports 
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal 
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
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.
