Big three go green in Detroit car show
The Detroit car show has been a decidedly eco-conscious affair this year, attendees have noted, with all of the big three US car makers showing off their most fuel efficient, sustainable vehicles.
A move away from the gas guzzlers and speedsters of previous years comes as Ford, GM and Chrysler battle with credit problems and mountainous debts that have left their future in question.
Another side effect, felt both in the US and Oz, is that the number of car loans on the market has plummeted in recent months as GMAC and GE finance both closed their doors to new business.
However, there may be some relief at hand with a new partnership between ANZ subsidiary Esanda and Subaru, who have come up with a new retail and wholesale car loans agreement.
Launching the product at the end of last year, Esanda head of dealer relationships David Hannah, commented: “After the withdrawal of GMAC, it is pleasing that Esanda can work quickly to create a strong partnership which will benefit Subaru dealers and customer.”