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GM To Build 1.55 Million Vehicles With Factory-Installed XM Radio In 2006


Detroit IL (SPX) Nov 07, 2005
General Motors has announced 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 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.

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Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006
Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation.






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