General Motors to Build 1.55 Million Vehicles with Factory-Installed XM Satellite Radio in 2006
General Motors to Build 1.55 Million Vehicles with Factory-Installed XM Satellite Radio in 2006
XM's Popularity Prompts GM to Extend its Industry-leading Position as #1 in Factory-installed Satellite Radios
DETROIT, Oct. 26 /PRNewswire/ -- General Motors announced today that it plans to build 1.55 million vehicles with factory-installed XM Satellite Radio in 2006.
"This will be the largest number of GM vehicles with XM Satellite Radios to be built in a single calendar year," said Mark LaNeve, GM North America Vice President, Vehicle Sales, Service and Marketing.
GM built 1.4 million vehicles with XM in 2005 and 1.17 million in 2004.
"GM was out in front of the satellite radio movement and our customers have benefited enormously. We equip more GM vehicles with XM than any other manufacturer. Nobody else comes close," said LaNeve.
For model-year 2006, nearly 90 percent of GM's U.S. retail models will offer factory-installed XM as either standard equipment or an option. GM was the first automaker to offer satellite radio when it introduced XM as a feature of various Cadillac models in 2001.
"GM's decision to put XM radios in more vehicles than ever before is further confirmation of XM's position as the leader in satellite radio. GM has been a key partner in growing the XM subscriber base to more than five million subscribers today," said Hugh Panero, President and CEO, XM Satellite Radio.
General Motors Corp. (NYSE:GM), the world's largest automaker, has been the global industry sales leader since 1931. Founded in 1908, GM today employs about 325,000 people around the world. It has manufacturing operations in 32 countries and its vehicles are sold in 200 countries. In 2004, GM sold nearly 9 million cars and trucks globally, up 4 percent and the second-highest total in the company's history. GM's global headquarters are at the GM Renaissance Center in Detroit. More information on GM can be found at http://www.gm.com/ .
About XM Satellite Radio
XM (NASDAQ:XMSR) is America's number one satellite radio service with more than 5 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville at the Country Music Hall of Fame, XM's 2005 lineup includes more than 150 digital channels of choice from coast to coast: the most commercial-free music channels, plus premier sports, talk, comedy, children's and entertainment programming; and 21 channels of the most advanced traffic and weather information. XM was named Best Radio Service at the 2004 Billboard Digital Entertainment Awards.
XM is the leader in satellite-delivered entertainment and data services for the automobile market. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/ .
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holding Inc.'s Form 8-K filed with the Securities and Exchange Commission on 8-5-05. Copies of the filing are available upon request from XM Radio's Investor Relations Department.
Source: General Motors Corporation; XM Satellite Radio
CONTACT: OnStar: Keith Yaden, +1-313-667-0784 (office), +1-248-765-3049
(cell), keith.yaden@onstar.com ; or XM Satellite Radio: Chance Patterson,
+1-202-380-4318 (office), chance.paterson@xmradio.com
Web site: http://media.gm.com/
http://www.gm.com/
http://www.xmradio.com/
NOTE TO EDITORS: For additional media information visit http://media.gm.com .
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