New Lancia Stratos caught testing in Italy

A spectacular modern version of the iconic Lancia Stratos has been pictured testing at Alfa Romeo's proving ground at Balocco in northern Italy.

The test mule is thought to be based on the same underpinnings as a Ferrari F430 Challenge Cup car and is believed to have been created at the request of an enthusiast who is funding the project. However the possibility remains (and we're crossing our fingers) that the 1970s rally icon could be reborn in a very limited production run.The final version should be unveiled later this year, although there is no indication how much its owner will be paying for it when it is. Reports suggest it could run into seven figures. As an indication of the money involved, a donor Ferrari F430's spaceframe will have been cut down to achieve the short wheelbase and ultra lightweight for which the Stratos was famed.

The updated car is thought to have been inspired by a 2005 remake that was produced by the Fenomenon design consultancy and displayed at the Geneva motor show that year.

As the rights to the Stratos name lie with the man behind the Fenomenon concept, Chris Hrabalek, it is possible the car would take that name, although it is not known whether it would wear a Lancia badge as well.

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