Aerotech began in 1984 was a search by Ed Welburn, GM's Vice President of Global Design, caught the eye of Oldsmobile engineers who were looking for a vehicle to test the new Quad-4 engine. This short tail version, driven by A.J. Foyt, set a closed-course speed record of 257.123 mph on August 26, 1987 at Fort Stockton, Texas. It also set a 'flying mile' record of 267.399 mph on August 27, 1987 on the Fort Stockton Test Track in Fort Stockton, TX. Foyt hit straightaway speeds of 290+ mph, yet never used all the available horsepower. The specially-prepared turbo-charged, 2-liter, Quad-4 engine produced 900 horsepower. A twin-turbo version produced almost 1000 horsepower. The Aerotech body was designed by GM Design staff and is one of the sleekest vehicles yet developed for a GM car division. The design of the Aerotech includes the capability of adjusting underbody sections to control the distribution of downforce, front to rear.
In 1993 the Aerotech was fitted with a slightly modified production 4.0-liter Aurora V8 engine for a durability event which tested the engines ability to run long distances at high speed.