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German car collector re-imagines Lancia Stratos

If German car collector and Lancia Stratos fan Michael Stoschek gets his way, there will be a new interpretation of the legendary Stratos rally car sooner rather than later. Speculation and spy photos have been circulating for a couple weeks, and now we have official photos. Italian design house Pininfarina did the prototype, which Stoschek originally had done for his personal use.

Pininfarina family to lose control of company

The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.

Cost of garage labour falling

THE AVERAGE labour rate at both franchised and non-franchised garages has fallen compared to 2012, according to new figures. An annual survey of 12,000 cases conducted on behalf of Warranty Direct has concluded that the average labour rate in 2013 is £74.70, a fall of 9.84% from £82.86 in 2012. Less encouraging is the overall trend of rising labour rates, with the average having increased by 33% over the last ten years.