This sounds like Thompson Twins, Lou Reed, and U2 got together and wrote a song.  In fact when I first heard it I thought it was a lost New Wave track.  Wrongedy-wrong-wrong.  Panama is a new band from Australia.  The driving rhythm and steady bass guitar makes it sound totally U2 with a dash of New Order and Depeche Mode, while the fairly consistent volume level reminds me of Lou Reed’s “Street Hassle.”  This is good song for a long night-time drive, or a cold and snowy Monday.