The car used a Zytek V8, tuned by Élan Power Products (the first use of the Élan name in Panoz' motorsports ventures). The car was replaced mid-season by the LMP-1, which carried on until the end of the 2003 season.
The car utilized a Zytek V8, modified by Élan Power Products (the first appearance of the Élan name in Panoz' motorsports endeavors). The vehicle was substituted mid-season with the LMP-1, which continued until the end of the 2003 season.