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UPDATE 1-Opel cuts Ampera electric car price by 17 pct in Germany

* Opel cuts price for first time by 8,000 euros in Germany

* Effective immediately in Germany, other markets to follow

* “No coincidence” it comes with arrival of new competitors

FRANKFURT, Sept 9 (Reuters) – General Motors’ European brand Opel has announced a 17 percent cut in the price of its Ampera electric car in Germany at this week’s Frankfurt car show, where rivals will be showing off their electric models for the first time.

“Effective immediately, we are lowering the price of an Ampera to 38,300 euros ($50,400), which is a cut of almost 8,000 euros in Germany,” Opel Chief Executive Karl-Thomas Neumann told an industry conference on Monday.

More http://in.mobile.reuters.com/article/idINL5N0H51MB20130909?irpc=932

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