Introduced in 1961 as the top trim level in Olds' compact F-85 line, over the years the Cutlass name accumulated great brand equity, and became one of the most popular nameplates in the industry in the 1970s.
The first-year F-85 was offered as a four-door sedan in base or Deluxe trim, or a four-door station wagon with either two or four seats, in base or Deluxe form. Initial sales were somewhat disappointing, but were soon picked up by the May introduction of a two door sedan and the Cutlass sports coupe (a pillared two-door for 1961 which became a pillarless "hardtop" for 1962) sporting unique trim, an interior with bucket seats and optional center console, and a four-barrel version of the V8 engine, rated at 185 horsepower (138 kW). This engine was optional on other F-85s, as was a four-speed manual transmission. 80,347 F-85s were built in total.
Source: Wikipedia, 2011