EXHIBIT 23.3

                  CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS


Motors Mechanical Reinsurance Company, Limited:


We hereby consent to the use in Post Effective  Amendment No. 2 to  Registration
Statement No. 33-60105 of Motors Mechanical  Reinsurance  Company,  Ltd. on Form
S-2 of our report  dated March 1, 1996,  included  in the Annual  Report on Form
10-K for Motors Mechanical Reinsurance Company, Ltd. for the year ended December
31,  1996,  and to the use of our report  dated March 1, 1996,  appearing in the
Prospectus, which is part of such Registration Statement. We also consent to the
reference to us under the headings  "Selected  Financial  Data" and "Experts" in
such Prospectus.



                                                     s/DELOITTE & TOUCHE


Bridgetown, Barbados
April 8, 1997