The Panoz Avezzano is named after the city of Avezzano in Italy, which was destroyed by an earthquake in 1915, the destruction spurring the emigration of Don Panoz's grandfather to America. Developed from the preceding Panoz Esperante, the Avezzano was unveiled at the 2016 Petit Le Mans, and appeared at the first annual Atlanta Concours d'Elegance. Using largely aluminium construction, the Avezzano is configured with a front-engine, rear-wheel-drive layout, with a Chevrolet V8 engine providing power through a manual transmission.