The series 302's were the first Pontiac with an 8 cylinder engine; a V8 engine at that. On a 114 wheelbase, this 1932 Pontiac, #314527-P8, model 32358, 2-door Sport Coupe houses a 251 cubic inch, flathead, V8, cast iron engine block. It produced 85 Hp with its 3.44 inch bore and 3.38 inch stroke. Pontiac built 6,281 Model 302's in 1932 and sold the sport coupe for a factory price of $925 in 1932.
General Motors purchased a half interest in Oakland Motor Car Co. on January 20, 1909. When Oakland’s founder, Edward Murphy, passed away the following summer, his company came under the full control of General Motors. In 1926, Oakland introduced its first Pontiac. The 'Chief of the Sixes’, a 6-cylinder car, was launched at the 1926 New York Auto Show. The Pontiac name quickly brought more "wampum" to general Motors and by June 1929, 500,000 had been built.
Edward M. Murphy founded the Oakland Motor Car Company on August 28, 1907. This company would eventually become the precursor to Pontiac Motor. The Pontiac name was first used in 1906 by the Pontiac Spring & Wagon Works. The Oakland Motor Company and Pontiac Spring & Wagon Works Company decided to merge together in November 1908 under the name of the Oakland Motor Car Company. The operations of both companies were joined together in Pontiac, Michigan to build the Cartercar. 

1932 Pontiac Series 302 Coupe