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Another parade lap participant we spotted was this Panoz AIV owner. The AIV (Aluminum Intensive Vehicle) was the first series vehicle from Danny Panoz and his company. Utilizing a Mustang Cobra DOHC 32-valve modular V-8, the two-seater is a modern-day version of that classic sports car from the '60s we all love. The AIV is a collectible since it's out of production. Today, Panoz is concentrating its efforts on this car's successor, the Esperante.