Pontiac said on Tuesday that its new GTO will sport a mighty 350 hp when it goes on sale in limited numbers this fall. The LS1 V-8-powered GTO will make its 350 hp at 5200 rpm, and will churn out 365 pound-feet of torque at 4000 rpm — enough, Pontiac says, to push the 2004 GTO to 60 mph in 5.5 seconds and through the quarter-mile in 14 seconds. Drivers will have a choice of automatic or six-speed manual gearboxes. GM says pricing should find the base GTO coming in at less than $35,000.