After soaking in the penetrating oil for several days, was able to get the car to open.
The "latch" is at the front of the car and hinges at the back.
The hinge was very corroded but the penetrating oil worked in getting it to loosen enough to open without breaking the hinge.
The battery has been leaking for a long time and it corroded through the metal lid that goes over the battery.
I was guessing that these marking are for the maker of the toy.
But it turns out not to be (I think it basically says that it's made in Germany).
I found a very similar toy online and it's description is:
CKO KELLERMANN GERMAN TIN FORD TAUNUS 17M ELECTRIC 1962
The CKO logo should have been where the corrosion is on the red battery cover!
Have never seen/heard of this brand of battery.
It looks like it could be the original battery from the 1960s.
Pretty bad corrosion under the battery, but it doesn't seem to have rusted through.
Using a scraping tool, cleaned out most of the loose corrosion.
this is what was captured in a dust pan
After cleaning, closed the car back up.
It cleaned up pretty nice.
The electric motor directly drive the rear tire.
The small switch on the bottom is the switch to turn the battery on/off.
The penetrating oil got this switch to loosen up and be able to move.
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