Pagani Automobili S.p.A. (commonly referred to as Pagani) is an Italian manufacturer of hypercars and carbon fiber components. The company was founded in 1992 by the Argentine Horacio Pagani and is based in San Cesario sul Panaro, near Modena, Italy. History Horacio Pagani, who formerly managed Lamborghini's composites department, founded Pagani Composite Research in 1988. This new company worked with Lamborghini on numerous projects, including the restyling of the Lamborghini Countach 25th Anniversary Edition, the Lamborghini LM002, the P140 design concept, and the Diablo. In the late 1980s, Pagani began designing his own car, then referred to as the "C8 Project". Pagani planned to rename the C8 the "Fangio F1" to honour his friend, the Argentinian five-time Formula One champion, Juan Manuel Fangio. In 1991, Pagani established Modena Design to meet the increasing demand for his design, engineering, and prototyping services. In 1992, he began construction of a Fangio F1 prototype, and by 1993, the car was being tested at the Dallara wind tunnel with positive results. In 1994, Mercedes-Benz agreed to supply Pagani with V12 engines. The cost of these cars are at a total of 2.3 million dollars. The final car was named the Zonda C12, the first of the Zonda line (the Fangio F1 name was dropped out of respect for Fangio, who died in 1995). It was first presented at the 1999 Geneva Motor Show. In 2005, Pagani announced that it planned to triple its production output within the next three years, and to enter the US market in 2007. On 30 June 2010, Pagani claimed a new record for production-based cars using the Pagani Zonda R and completing the Nürburgring in 6:47, beating the Ferrari 599XX. Pagani Zonda Pagani's first model, the Zonda, is powered by a mid-mounted DOHC V12 engine manufactured by Mercedes-Benz's AMG division. The car's design was inspired by jet fighters and the famous Sauber-Mercedes Silver Arrow Group C cars, and features several unique design elements, including its circular four pipe exhaust system. The Zonda's production run ended with the Zonda HP Barchetta. Only three were produced with one unit retained for Horacio Pagani's personal collection and the other two costing US$15M. Zonda C12 C12 S C12 S C12 S Roadster GR (racing car) Zonda F Zonda Roadster F Zonda F Clubsport Zonda Roadster F Clubsport Zonda Cinque Pagani announced a variant of the Zonda named "Zonda Cinque" which was introduced as