Panoz developed the Esperante two seat roadster powered by a SVT V8 engine created by Ford and built on an aluminum chassis. In the end it was offered a 5.0-liter engine and removed the supercharger. The GTLM was tested out on a number of tracks and a highlight victory was achieved a first in class over the Porsche team. Due to reliability, the GTLM factory racing team could not keep up their Atlanta pace, and fell wayside to Porsche for the rest of the season including the first visit to Le Mans.
Panoz starting to developed race versionsof their Esperante after years of building only sports prototypes. The new model is a two seat roadster which is powered by Ford's SVT V8 and built on an aluminum chassis.
In order to realese GTLM road-going supercar Panoz partnered with Multimatic from Ontario Canada which provided a basis for the 2004 contender. Panoz had Elan Racing bore out the 4.6 liter MOD V8 to 5.0 liters and remove the supercharger.
In 2004, the GTLM was tested out on a number of tracks, and the Panoz gave the green light to contest the entire ALMS 2005 season. A highlight victory was achieved at the Road Atlanta where the GTLM of Bill Auberlen and Robin Liddell achieved a first in class over the factory-backed Porsche teams. Due to reliability, the GTLM factory racing team couldn't keep up their Atlanta pace, and fell wayside to Porsche for the rest of the season including their first visit to Lemans.
The 2006 looked very promising for the Panoz team. Raced and developed by Multimatic Motorsports, they have managed to 'crush' the class record at Sebring during winter testing by more than two seconds. The followed up by dominatinh the opening round of 2006 American Le Mans Series, with the #50 Panoz Esperante GTLM of David Brabham, Scott Maxwell and Sebastien Bourdais winning the GT2 class in the Twelve Hours of Sebring. Despite tough challenges from the Ferrari, Porsche and BMW opposition, the #50 Panoz Esperante led 178 of the 320 laps completed to win it class, just 5.365 seconds ahead of the Porsche of Mark Lieb, Jon Fogarty and Johannes van Overbeek.
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