B0126 Ferrari Rossa is a DTC or a diagnostic trouble code. It is a check engine light code which indicates that the catalyst's system efficiency is less than the required threshold. In simple terms, it means that more pollution is added into the air than what was supposed to be because of your car. The spark should have a light tan color. If the sensor probe comes with white and chalky parts, this means it has been lagging between switching phases, and should be replaced.
Possible Causes :
If the engine displays a miss and there wasn't a code, determine which cylinder is misfiring. If the exhaust manifold is visible, spay or pour a small amount of water on each cylinder exhaust port. Water will evaporate immediately on good cylinders and slowly on the missing cylinder. If this can't be accomplished pull the plugs and check the condition. Pack the connector cavity with dielectric silicone compound (same stuff they use for light bulb sockets and spark plug wires) and reassemble. Find out what kind of system you have and verify that voltage to the fuel level sensor is present at the fuel pump wiring harness.
Diagnostic trouble code B0126 Ferrari Rossa is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before B0126 Ferrari Rossa.
Fortunately, B0126 Ferrari Rossa is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.