The Irish Opportunity
Dan Panoz found his destiny in the ashes of failure. While working in Ireland for the Thompson Motor Company (TMC), he watched the company go bankrupt. But he saw potential in one specific asset: a chassis designed by the legendary Frank Costin (the "Cos" in Cosworth and Marcos). In 1989, Dan bought the rights to this chassis and shipped it to Georgia, aiming to build a car that combined European handling with American power.
Muscle Meets Featherweight
The result was the Panoz Roadster. Dan took the lightweight Costin chassis and shoved a 5.0L Ford Mustang V8 into it. It was a terrifyingly fast "Lotus 7 on steroids." But Dan wasn't satisfied with steel. In 1996, he launched the AIV Roadster (Aluminum Intensive Vehicle). By working with aluminum companies, he built a chassis that was 70% aluminumâbeating major manufacturers like Plymouth (Prowler) to market with this technology. It was faster, lighter, and immune to rust.
Sparking a Racing Empire
Dan's cars needed a stage to prove themselves. This need drew his father, pharmaceutical mogul Don Panoz, into the business. To promote Dan's Esperante sports car, they built the Esperante GTR-1 race car. This venture snowballed; his father eventually bought race tracks like Road Atlanta and founded the American Le Mans Series (ALMS). While Don became the face of the racing empire, it was Dan's initial vision of an American sports car that started the engine.