OLY meaning in General ?

The Opel Olympia is a compact car produced by the German automaker Opel from 1935 to 1940, from 1947 to 1953 and again from 1967 to 1970.

The 1935 Olympia was Germany's first mass-produced car with an all-steel unitized body (monocoque). This revolutionary technology reduced the weight of the car by 180 kilograms (400 lb.) compared to its predecessor. Production of the unibody design required new production methods and materials. Spot welding, advanced types of steel, and a new production line layout were among the many advances introduced by the Olympia.

The car was first presented in February at the 1935 Berlin Motor Show; production got under way later during that year. The Olympia was named in anticipation of the 1936 Berlin Olympic Games. The pre-war Olympia was made in two versions: From 1935 to 1937 the Olympia had a 1.3-litre engine; for the OL38 version made from 1937 to 1940 this was replaced by a 1.5-litre overhead valve unit.

Between 1935 and 1940, over 168,000 units were built. The car was also Opel's first post-war automobile when it re-entered production in 1947. This time it was built until 1953. The name Olympia was revived for a second time in 1967 for a luxury version of the Opel Kadett B.