Panoz is an automobile manufacturer whose sexy sports cars are exotics
in the truest sense of the word. The company's cars are drop-dead
gorgeous and come with steep price tags; additionally, given the fact
that a relatively small number of Panoz cars are made each year, a
Panoz offers more exclusivity than your typical Ferrari or Bentley.
Panoz makes only sports cars and its current lineup consists of just
one model, the Esperante, available in both roadster and coupe body
styles. Introduced in 2001 and relatively unchanged since then, the
Esperante is hand-built and made mostly of aluminum.
The Panoz story begins with Eugene Panunzio, a champion boxer who
emigrated to the U.S. from Italy in the early 1900s. He shortened his
last name to Panoz and settled in West Virginia. In 1960 his son Donald
started the Mylan Laboratories pharmaceutical company; nine years
later, Donald and his family moved to Ireland where he started another
drug company, called Elan Pharmaceuticals. Donald's 26-year-old
car-enthusiast son, Daniel, ended up working for the Thompson Motor
Company (TMC) in 1988. TMC went out of business that same year and
Donald bought the rights to one of its chassis, which was designed by
Frank Costin, an engineer who'd made a name for himself building
racecar chassis for Maserati and Lotus.
The next year saw the birth of the Panoz Automotive Development
Company. A small, renovated salt storage shed located near Atlanta was
the site of company headquarters. In 1990, Panoz brought out its first
car, a powerful, cycle-fendered roadster called simply the Panoz
Roadster. Initially, the Panoz cars were only produced to order, and
hence not many were made. By 1996, the Roadster, now called the AIV
Roadster, saw full production. The following year Panoz introduced the
Esperante racecar, which saw success in USRRC and American Le Mans
racing series. By the end of the decade, the Panoz family empire had
grown to include racing venues, the American Le Mans series and a
racing school.
In 2001, the Esperante became available as a street car and is now the
sole model offered by Panoz. On its hood is the company's crest.
Created by Daniel Panoz himself, its red, white and blue coloring
references the fact that the company is based in the U.S. Its swirls
are a nod to the Japanese yin-yang symbol, and at the center is a
shamrock, which points to the roots of the first chassis Panoz
developed.
The marque is a worthy choice for well-heeled buyers looking for exotic
sports cars that offer supreme exclusivity and world-class handling.
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