American Motors Corporation spends a fortune developing a futuristic new car called the Pacer. But things fall apart when its radical engine design can't pass government pollution regulations, and customers are disappointed with its mediocre gas mileage. Meanwhile, internal politics tear the company apart as two men jockey for the CEO suite.

As the auto industry becomes increasingly diverse, Gerry Meyers becomes the youngest CEO of any American car company. To build a new fuel-efficient car, he partners AMC with French automaker Renault. But a disastrous national recession and second oil crisis threaten to destroy the partnership before the new car is ready.

Despite award-winning new products, American Motors Corporation struggles to make a profit, frustrating its partnership with French automaker Renault. Rumors swirl as the French secretly negotiate to sell AMC to Chrysler Corporation. A terrorist assassination in France sparks a chain of events that leaves thousands of American workers betrayed. Yet, AMC lives on.