Crossword Genius

Coming to a point, band finally abandoned hire car (9)

Ross

I believe the answer is:

chevrolet

I'm a little stuck... Click here to teach me more about this clue!

'car' is the definition.
(car manufacturer)

'coming to a point band finally abandoned hire' is the wordplay.
I cannot quite understand how this works, but
'point' could be 'e' (compass point) and 'e' is present in the answer.
'band' could be 'o' (I've seen this in other clues) and 'o' is present in the answer.
'hire' could be 'let' (I've seen this in another clue) and 'let' is found within the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Another definition for chevrolet that I've seen is " American car".)

I've seen this clue in The Guardian.
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