It can be revealed here that the project was canceled, which the company never fully admitted. A press release was prepared but never circulated that said: “Don Panoz has decided not to move forward with the Green4U Panoz Racing GT-EV project. He is instead focusing his resources on Green4U Technologies Inc. and bringing its lineup of electric vehicles to market.”
It was, as Panoz told Autoweek, and then in his autobiography, his “holy grail.” Sad that it was never completed.
In his official obituary, his company included this statement: “In addition to all the career, business and work achievements, Panoz was a family man, a comedian, an inspiration, a philanthropist, an innovator, a visionary and most importantly, a wonderfully entertaining human to be around.”
That pretty much covers it.