Legendary styling house Pininfarina, an Italian icon that has penned almost every Ferrari since the 1950s, is pulling out of its manufacturing operations to concentrate on the bread-and-butter business of car design.

The Italian coachbuilder's CV reads like a lottery winner's automotive shopping list, ranging from cars like the achingly beautiful Ferrari Dino - the '70s supercar symbol that just exudes retro cool - to the Daytona, plus more modern metal like the Rolls-Royce Phantom Drophead and the Maserati GranTurismo.

It's a little known fact that Pininfarina also manufactures complete body shells and other components for cars.

The Italian company sold its stake in its joint-owned business with Volvo back in March. And following the firm's decision to lay off 127 workers in its production section, it will now concentrate on what it does best: drawing jaw-droppingly gorgeous pieces of automotive art.

Ok, we'll forget the Mitsubishi Pajero, the Daewoo Nubira, the Hyundai Matrix, the Cadillac Alante, the... well you get the picture. Anyway, we'll focus on the good stuff.

With further details announced for the Ferrari 599 GTB Fiorano's replacement, codenamed the F152, there's a good bet it'll be a Pininfarina-penned design going by Ferrari's current line-up.