In 1960, the development program began for a new range of models, called the "Neue Klasse" (New Class) project. The resulting BMW New Class four-door sedans, introduced in 1962, are credited for saving the company financially and establishing BMW's identity as a producer of sports sedans. The New Class had front disc brakes and four-wheel independent suspension, which helped establish BMW's reputation for sporting cars. It was the first BMW to officially feature the "Hofmeister kink", the rear window line that has been a styling feature of most BMWs since. By 1963, with the company back on its feet, BMW offered dividends to its shareholders for the first time since World War II.