General Motors Produces Three Millionth Vehicle With Factory-Installed Xm Satellite Radio
Washington D.C., September 22, 2005 -- General Motors announced it has produced more than three million vehicles with factory-installed XM satellite radios.
XM is the exclusive satellite radio partner of GM, which offers more than 50 vehicle models that feature XM Satellite Radio. In model-year 2006, nearly 90 percent of GM’s U.S. retail models will offer factory-installed XM satellite radios as either an option or as standard equipment.
GM was the world’s first automaker to offer satellite radio and remains the industry leader in offering factory-installed satellite radio to its customers. GM began offering XM Satellite Radio in select Cadillac models in November 2001, the same month that XM launched its service nationwide.
“We’ve made XM Satellite Radio available across the breadth of GM’s U.S. portfolio because our customers tell us they highly value the superior-quality programming it provides,” said Mark LaNeve, GM North America Vice President Vehicle Sales, Service and Marketing.
“This is the latest milestone in an extraordinary partnership between GM and XM,” said Hugh Panero, President and CEO of XM Satellite Radio. “Being the exclusive satellite radio partner of the world’s largest automaker has been a key element of XM’s success to date. We look forward to even greater success as GM continues to offer XM across its vast model line-up.”
About General Motors
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 317,000 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 www.gm.com.
About XM Satellite Radio
XM (NASDAQ: XMSR) is America’s number one satellite radio service with more than 4.4 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, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Toyota, Hyundai, Nissan, Porsche, and Volkswagen/Audi, is available in more than 120 different vehicle models for 2005. 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 Holdings Inc.’s Form 10-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.
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