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Just because Ferrari nixed the New Stratos doesn't mean the existing high-performance wedge can't have a little fun on its own. This past March, the F430-based tribute to the rallying great led a littany of classics as the pace car for the Rally Isla Mallorca. The 2012 race marked the one-year anniversary of its debut at the event.

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Stick a fork in it. The New Stratos is done. Reports kicking around the web have confirmed Ferrari has put the nix on any hopes of a production run. As you may recall, the New Stratos prototype was built off of the bones of a Ferrari F430. Pininfarina supplied the vehicle's carbon fiber skin, and Ferrari CEO Luca di Montezemolo was so taken with the project that he personally put down a hot lap in the wedge. That affection was fleeting, however. The minds behind the New Stratos have reportedly c

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There's nothing like Europe's enthusiasm for motorsports. While our nation's lawyers have cornered our high-horsepower endeavors into tri-ovals and road courses, Europeans have no problem setting up a few hay bales and handing over public streets to a slew of vintage rally kings for an exhibition of carbureted glory. Such was the case at the recent 2011 Rally Legend event in San Marino, Italy, where the town's quaint lanes were cleared for a pack of Lancia Stratos HF racers.

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New Stratos in Alitalia livery – Click above to view in slightly higher resolution

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New Stratos – Click above for high-res image gallery

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New Stratos GT2 by Amalgam – Click above for high-res image gallery

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Luca di Montezemolo puts the new Stratos through its paces – Click above to watch video after the jump

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The Lancia Stratos fully shows itself – Click above for a high-res image gallery

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New Stratos – Click above for high-res image gallery

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