Its fairly old news at this point with him passing on September 11th from Pancreatic cancer. He with his son Dan Panoz made impacts on the automotive world. As a small company running cars in the 24 hours of Lemans, first with the Esperante GT, then creating the American Lemans series to bring European style racing to the states. Later creating the Deltawing running it in the 24 hours of Lemans, then making it a regular car in the ALMS/IMSA series, nearly winning the 24 hours of Daytona. The newest car called Avezzano both a street car and a race car running in the Pirelli World Challenge, was named after the town in Italy his family immigrated from.