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New Stratos (w/ Gallery)

After weeks of speculation, the official story and pictures of the reborn Lancia Stratos – officially named 'New Stratos' – have been revealed. While the car's design and concept are obviously related to the 2005 Fenomenon Stratos – a venture headed by RCA graduate Chris Hrabalek – design and development have been completed by Pininfarina. Initially headed by Jason Castriota before he left – ironically for the original Lancia Stratos' birthplace, Bertone – Luca Borgogno completed the exterior and interior design.

RM Monaco sale tallies $43,410,615

RM Auctions sold 87 percent of the lots it offered at its Monaco sale held last weekend at the Grimaldi Forum. The result was $43,410,615 in total sales, with six lots bringing more than $2 million and 10 lots bringing more than $1 million. A 1957 Ferrari 625 TRC Spider drew the biggest bid, selling for $6,469,848.

Third annual World Automotive Design Competition

The third annual World Automotive Design Competition, sponsored by Alias, was hosted by the Canadian International Auto Show in Toronto, Ontario, on February 12. Britain's Coventry School of Art and Design, and Tsinghua University in Beijing, China were the big winners, together garnering seven of the eight prizes. Ninety-four students from twenty design schools from China, Brazil, Japan, France, Korea, England, Wales, Italy, Spain, India, Sweden, the USA and Canada competed to win over US$140,000 in prizes.