Unless you’re in or have traveled to a specific part of Europe recently, you won’t have seen a modern Lancia on the road. However, Lancia still exists and it’s owned by Stellantis, but only has one car in production. The Lancia Ypsilon is a small city car based on the Fiat 500 and is one of Italy’s best-selling cars. If you visit the Lancia website, you can “Discover the brand and Lancia city cars: the perfect balance of style, comfort and eco-friendliness.” What you can’t find is anything linked back to Lancia’s incredible motorsport heritage, particularly in rallying.
Peugeot is also under the Stellantis banner, which has an excellent electric car platform and has used it to make a successor to the 205 GTI hot hatch called the e-208 Sport. There’s no reason Lancia couldn’t build a Delta revival on that platform with a hatchback range topped off with a super-hot Integrale model. As it would be electric, that would take emissions off the table as a problem for taking the new model and its name recognition worldwide.