Ah, what might have been:

The 301 was Pontiac's last V-8; it was available in turbo form for just two years (1980-'81). Pontiac had planned to use it in the updated '82 Trans-Am (these cars had the same off-center hood bulge as the '80-'81 models, to accommodate the turbo) but GM killed off Pontiac's V-8 engine program, so no further development was done on the 301.

Such a shame.

With fuel injection, intercooling and a better cam, this could have been a 300-350 hp engine.

In the early 1980s!