Ferrari recalls $230,000 458 Italia supercar

burning_ferrari.top.jpg By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- Ferrari is recalling its new 458 Italia model after several vehicles were reported to have burst into flames.

A Ferrari spokesperson told CNNMoney.com the luxury supercar is being recalled in order to make modifications to the wheelhouse assembly.

"In rare instances the heat shield could become deformed, bringing it too close to the exhaust system and igniting," a Ferrari spokesperson said.

Ferrari is recalling all its 458 Italia vehicles after five fires were reported in California, Switzerland, China and France.

Deliveries of the car in the U.S. began this summer. It has a 4.5-liter 8-cylinder engine, 7-speed automatic transmission, 570 horsepower and has a base price around $230,000.

Ferrari said the company is asking owners of the cars produced before July 2010 to bring them in to have the glue replaced with mechanical fasteners.

The National Highway Traffic Safety Administration released a statement saying Ferrari's Italian headquarters had told its North American division about the recall. NHTSA warned that if the adhesive ignites it could "render the vehicle inoperable and possibly result in a crash."

The NHTSA statement said 303 vehicles are being recalled, and owners could be eligible for reimbursement for if they spent money on repairs related to the problem before the recall was announced.

Ferrari North America will start notifying affected customers within two weeks, NHTSA said.

Last week, Britain's Sky News site said drivers of the 458 Italia were "fearing they are jinxed after 10 of the vehicles crashed or caught fire within three months ... It is not thought that the 458 design has a fault, just that the owners have been unusually unlucky." To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 16,614.81 215.14 1.31%
Nasdaq 4,419.48 103.41 2.40%
S&P 500 1,941.28 37.27 1.96%
Treasuries 2.21 0.03 1.24%
Data as of 9:13pm ET
Company Price Change % Change
Apple Inc 102.47 2.71 2.72%
Bank of America Corp... 16.60 0.34 2.09%
The Coca-Cola Co 40.68 -2.61 -6.03%
Regions Financial Co... 9.26 0.10 1.09%
Yahoo! Inc 40.18 0.90 2.29%
Data as of 4:02pm ET

Sections

Yahoo was in the spotlight Tuesday as it released its third-quarter results, its first earnings release since the Alibaba IPO. More

Startups focusing on "ag tech," or agricultural technology, are gaining the attention of farmers and investors More

Foreign workers, lured by false promises of good jobs and benefits in America, soon find themselves enslaved in plain sight as victims of labor trafficking, a report from the Urban Institute finds. Here's how it can happen. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.