Layoffs Hit Panoz in What It Is Calling a 'Restructuring Effort'

Photo: Panoz
Photo: Panoz

Panoz, the small Georgia manufacturer of low-volume sports cars but maybe better known for its racing legacy, has laid off some of its engineering and maintenance staff as part of what it’s calling “restructuring efforts.”


There was suspiciously no mention of the layoffs in the company’s recent announcement that it was “excited” for an organization restructure “focused on increasing efficiency and sales.” Panoz Group COO Josh Brewton confirmed the layoffs to Jalopnik in an email today, claiming there would be “no interruption in [their] ability to operate at the high levels of quality and service our clients expect.”

Brewton followed up that the restructure is to “gain economies of scale and efficiencies across all of Panoz companies,” with the layoffs supposedly also including non-automotive staff at Panoz. Brewton told Jalopnik there are no further layoffs planned.


Panoz LLC, the automotive arm of the larger Panoz Group, has been working on its new Avezzano sports car, the $159,900 road-going version of its Avezzano Pirelli World Challenge race car. It also recently confirmed its commitment to return to racing in 2019 in the honor of the late Don Panoz, the chairman of the company who passed away in September of this year.

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I was about to say that they should bring back the Roadster, but apparently they already did that in 2015. It had last been manufactured in 1999. Probably the only time that a manufacturer has brought a car back from the dead after 16 years.

I’ve always maintained that Panoz is basically America’s TVR. I would be extremely sad to see them go. The whole “sports car built in a shed” industry seems to be dying out, and that’s a damn shame. But hey, maybe if they do go under, they could be brought back from the dead like TVR was.