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The Italians still haven't embraced a decent level of build quality.
Would you rather have an accident in a 70's Italian Car or a 70's German car?
Or the 458 of today or an Audi R8?
How many vintage Italian cars are still running (and I don't mean festering somewhere getting a weekly wipe with a Gucci rag) in comparison to German cars of a similar era?
Don't get me started on the UK...
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Now that Lancia is nice.
Here is something to think about, pre EEC entrance all imported cars had import duty. Hence some cars being poverty models as they were trimmed here as well as having chrome work from English cars. All to reduce the price hence reduce the duty. Example of this was the Lancia Appia, uk cars were delivered with hession covered metal frame seats and were fitted with the bumpers from a morris 8.
The basic Lancia Fulvia was a similar price to the e type jag.
Other than a 250 GT California I'm generally not a lover of the offerings of automotive Italia, but the only ones I'd even look at are the following:
1) an original Fiat 500.
2) an Alfa Guilia.
3) an Evo 2 'Grale.
Italian engineering: looks beautiful - will break/won't last.