Acura to Feature XM as Standard Equipment on All-New 2004 Acura TL
WASHINGTON, April 17 -- The all-new model year 2004 Acura TL will include XM Satellite Radio as standard equipment, Acura announced yesterday at the New York International Auto Show.
"As XM marches to the one million subscriber mark later this year, the all-new 2004 Acura TL represents another key expansion of XM into the great family of Acura and Honda vehicles," said Hugh Panero, XM President and CEO. "XM's critically acclaimed programming will be a perfect complement to the luxurious driving experience delivered by the 2004 Acura TL."
According to American Honda Motor Co., Inc., the 2004 Acura TL joins the 2004 Acura RL as the first luxury sedans to feature XM as standard equipment. For Honda products, a dealer-installed option will be available later this spring on the 2003 Accord and Pilot. The Honda Division also expects to have XM Satellite Radio factory-installed beginning with the 2004 Accord later this year. American Honda plans to expand the availability of XM-ready radios to additional Honda and Acura models during the 2005 model year and into the future.
XM Satellite Radio will have its products on display at Booth 11 in the Crystal Palace at the New York International Auto Show from April 18-27, 2003.
About XM Radio
XM is America's #1 satellite radio service. Having exceeded the one-half million subscriber mark, XM is on pace to have more than 1 million subscribers later this year. Whether in the car, home, office or on the go, XM's loyal listeners enjoy 101 digital channels of choice: 70 music channels (more than 35 of them commercial-free) from hip hop to opera, classical to country, bluegrass to blues; and 31 channels of premiere sports, talk, comedy, children's and entertainment programming.
XM's strategic partners are leaders in the automotive, retail, consumer electronics and media industries. Currently available on 25 of General Motors' 2003 models, XM will be featured on 44 of GM's most popular models beginning later this year. In addition to GM and Honda, Toyota, Isuzu, Infiniti and Nissan, Audi and Volkswagen plan to offer XM to their customers shortly. Consumers also can purchase XM's leading-edge car, home and portable audio receivers, including the critically acclaimed Delphi XM SKYFi Radio, at Wal-Mart, Best Buy, Circuit City and other major retailers nationwide. XM's strategic investors include General Motors, American Honda Motor Co. Inc., Clear Channel Communications, DIRECTV and The Hearst Corporation.
XM, headquartered in Washington, DC, has more information available at 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 the company's service, the company's dependence on 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 3-31-2003. Copies of the filing are available upon request from XM Radio's Investor Relations Department.
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