Final answer:
The statement is False. ABS is a system to prevent the wheels from locking while braking. If it fails, regular brakes should still function.
Step-by-step explanation:
The statement that if your ABS malfunctions, you will lose your brakes is False. The Anti-lock Braking System (ABS) is a safety system in vehicles that prevents the wheels from locking up (or skidding) while braking, thereby allowing you to have steering control. If the system malfunctions, your standard braking system should still operate normally because ABS is a supplement to, not a replacement for, your regular brakes. Thus, even if the ABS fails, you should still be able to stop your car effectively.
Learn more about ABS malfunction