一位现代的猎人Tommy Nowak，专门追捕警方悬赏缉拿的歹徒。这一次他的盯上了一个个性懦弱的新纳粹主义分子，不料他的同伙竟然把这个新纳粹主义份子的小婴儿绑架了去，婴儿的母亲心急如焚。于是他反过来帮忙这个新纳粹歹徒的妻子救回她的孩子，而片名所指的粉红色凯迪拉克轿车就是故事中主要的道具。

Air America was the CIA's private airline operating in Laos during the Vietnam War, running anything and everything from soldiers to foodstuffs for local villagers. After losing his pilot's license, Billy Covington is recruited, and ends up in the middle of a bunch of lunatic pilots, gun-running by his friend Gene Ryack, and opium smuggling by his own superiors.