Panoz vs. Nissan Lawsuit Overshadows DeltaWing Road Car Plan - Automobile
SEBRING, Florida -- Dr. Donald Panoz was once described in print as a “portly redheaded entrepreneur,” but a recent weight loss erased all signs of “portly,” and age has replaced most of the red with silver. It may not sound too surprising that Panoz smokes, unless you realize that he made most of his hundreds and hundreds of millions off of the nicotine patch, which he and a team developed, then marketed at a company he founded, Elan Corporation. Although he sold his interests in the American Le Mans Series he founded to NASCAR and the Grand-Am Series, reportedly for somewhere around $8 million, he continues to be invested deeply in motorsports. Now, Panoz is involved in a complicated lawsuit that could seriously affect Nissan’s motorsports program, and he continues to fund his DeltaWing Technology Group, which supports the DeltaWing race car, and as of last Friday (March 20), is... In February 2010, a completely unexpected exhibit appeared during the press preview for the Chicago Auto Show: A bizarre mockup of a car called the DeltaWing , which had an impossibly narrow front end -- its two front tires were only four inches... Source: www.automobilemag.com
