[Jimmy Valentine's brother]

I don't think the technology existed to make traction control at a reasonable price in the early 80s.

It was called positraction most GM cars with big engines had it in the sixties. As Casey Stengel would say, you could look it up.

[brianl703]

Traction control systems incorporate some method for reducing the power produced from the engine to stop the wheels from spinning.

Positraction: Both wheels will spin unless you back off on the throttle

Traction control: will back off on the throttle for you

In fact it is possible to have traction control and positraction on the same car, see any late-model Mustang equipped with traction control.

Traction control and positraction are not the same.