The GTS on the other hand is built as a drivers' class spec car, to SCCA standards, with harness, roll cage, side bars, etc.

Additionally, it is around 600 lb (272 kg) lighter than the base Esperante, has a steel 5.8 liter V8 racing engine that produces 385 bhp (287 kW; 390 PS), and is made of easily replaceable panels to facilitate small impact race repair.

As well as the Ford Modular V8, the second generation was equipped with more powerful General Motors LS engines, with available supercharging.

The #50 Multimatic Motorsports Team Panoz Esperante GT-LM took a first place podium finish at the 55th Annual Mobil 1 Twelve Hours of Sebring beating GT2 regulars BMW, Porsche, Ferrari, and Spyker.

[1][permanent dead link‍] During the 2007 American Le Mans season the Panoz Esperante GTLM will be managed, stateside, by Tom Milner and Team PTG.