The American automobile company Panoz was founded in 1989 after Dan Panoz left the Penske racing team. With the support of several former engineers from the Ford and Chevrolet racing teams, Dan has contracted the Maserati and Alfa Romeo teams to build chassis for their racing prototypes. In 1993, the Alfa Romeo racing car won the German Touring Car Championship, the predecessor of the DTM series. In the same year, under the leadership of Dan himself, the development of the brand's first road car began.
In 1996, the Panoz AIV roadster was presented to the public, built on the basis of a racing chassis from Alfa Romeo, and under the hood of the model was an eight-cylinder power unit with a capacity of 305 horsepower. And in 1999, the Panoz Esperanto model was introduced, which formed the basis for a whole range of sports cars of the brand. In addition, a racing team of the same name, which took part in the touring car championships, as well as daily marathons, having won the second category at the famous 24 Hours of Le Mans race in 2006, was represented on the basis of the Panos company.
In addition, the American Le Man Series was founded in 1999 with the help of the Panoz family, which immediately attracted a number of racing teams from Europe, Japan and the United States of America, as the wide audience allowed them to advertise their products extremely effectively. In 2008 the Panoz team took part in the A1 racing series, presenting their first Formula car.
In 2010, a new road model of the American brand was presented, which was named Abruzzi. The chassis and gearbox were developed jointly with the engineers of the "Ford" concern, and under the hood of the model was a 600 horsepower engine, the supplier of which was the same "Ford".