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This model is the AHI Opel Kapitan (1956) in red with silver flash.
The model has a one-piece metal body, 48mm in length. It has been molded with the body casting having representations of the grille, lights, and front bumper cast at the front, doors and door handles, and side trim to the sides, and rear bumper and lights to the rear. The grille, headlights, rear lights, bumpers, and side trim are all picked out in silver. The base is a solid, shaped, tinplate item. There is no glazing. The original wheels are black plastic and attached to steel axles with a domed head on one side and crimped ends on the other. They are held to the chassis by means of the base plate.
The base plate has no manufacturer's mark, but the country of origin "JAPAN" is stamped into the tin base. It is held in place by two machined rivets.
I do not know exactly when this item was issued but it would have been between 1959 and the mid 1960s.