Infiniti Now Offering Consumers XM as Factory- or Dealer-Installed Option on All Vehicles
Infiniti Offers XM Satellite Radio On New Q45, G35, I35 And M45 Models
WASHINGTON, July 9 -- XM Satellite Radio Inc. , the nation's #1 satellite radio service, today announced that Infiniti, the luxury division of Nissan North America, Inc., is the first import brand to offer new car buyers XM as a factory option on the entire vehicle line up. XM has been available on the 2003 Infiniti FX 45 crossover vehicle. Beginning this month, the Q45 luxury sedan, the M45 performance sedan, the G35 sport sedan, G35 sport coupe and I35 performance luxury sedan will add the satellite radio feature. In addition to a factory option, Infiniti is equipping all models with pre-wiring that will enable Infiniti retailers to install satellite radio receivers at a customer request while maintaining Infiniti's high quality standards.
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"As we march to one million subscribers this year, we are excited to add Infiniti owners to the growing ranks of satisfied and passionate XM customers," said Dan Murphy, XM's Senior Vice President of Retail Marketing and OEM Distribution. "Offering XM's superior sound quality and service to its customers will greatly enhance Infiniti's already exemplary brand loyalty."
About XM Satellite Radio
XM is America's #1 satellite radio service. With more than 690,000 subscribers today, XM is on pace to have more than one 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, kid'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 GMs most popular models beginning later this year. Honda is making XM available on the Honda Accord, Honda Pilot and Acura RL, Acura TL and Acura MDX models. In addition, Toyota, Isuzu, Infiniti, Nissan, Audi and Volkswagen also will offer XM to their customers. Consumers can also 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 and DIRECTV. For more information about XM, visit our web site 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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