Carlos Panini Binosi[1] was a wealthy Mexican businessman of Italian origin, from Mosio di Acquanegra sul Chiese.
In 1927 he had established Mexico's first scheduled airline, Servicio Aéreo Panini which he had sold shortly prior to the car race in which he died, as he was planning to retire.
[2] Although the registered driver for the race was Carlos' daughter Teresa (Teresita), he was at the wheel of car, despite the fact that he did not have a valid license and was in ill health.
The accident happened when 15-year-old Bobby Unser was trying to overtake Panini who was travelling at a lower speed and blocked the American for a long stretch.
Unser nearly went off a sheer cliff but was skilled enough to control his Jaguar, while Panini's Alfa Romeo went straight into a wall, killing the driver instantly.