Volkswagen Signs Agreement with XM and Sirius to Offer Car Buyers Satellite Radio

Washington D.C., March 25, 2002 -- Volkswagen of America, Inc., which also encompasses Audi of America, today announced it has signed distribution agreements with Sirius Satellite Radio (Nasdaq: SIRI) and XM Satellite Radio (Nasdaq: XMSR), to offer Volkswagen and Audi customers in the United States a choice of satellite radio services in the coming years. XM and Sirius are each broadcasting a satellite radio service, offering 100 channels of digital audio entertainment coast to coast for a low monthly fee. Specific vehicle installation plans and timing will be announced separately by Volkswagen and Audi in the future.

"We are thrilled to add Volkswagen and Audi to the list of automakers that have embraced satellite radio," said Joseph P. Clayton, President and CEO of Sirius and Hugh Panero, President and CEO of XM, in a joint statement.

About XM

XM is transforming radio, an industry that has seen little technological change since FM, almost 40 years ago. XM's programming lineup features 100 coast-to-coast digital channels: 71 music channels, more than 30 of them commercial-free, from hip hop to opera, classical to country, bluegrass to blues; and 29 channels of sports, talk, children's and entertainment. XM also brings to the car, for the first time on radio, the same diverse selection of 24-hour news sources available in the home on cable and DIRECTV. General Motors in November rolled out factory-installed Delphi-Delco XM radios in Cadillac DeVille and Seville models, and will expand to a total of 23 Buick, Cadillac, Chevrolet, GMC, Olds and Pontiac models this year. Isuzu dealers will begin to offer XM radios to customers in April. XM radios are available at major electronics retailers nationwide including Best Buy, Circuit City, Tweeter, Ultimate Electronics, participating RadioShack Dealers and Franchisees, Crutchfield, Good Guys, CarToys, Audio Express and Sound Advice; and at independent retailers. Leading manufacturers such as Sony, Alpine and Pioneer offer a broad array of XM radios that easily enable any existing car stereo system. XM's strategic investors include America's leading car, radio and satellite TV companies -- General Motors, American Honda Motor Co. Inc., Clear Channel Communications and DIRECTV. For more information, please visit XM's web site: http://www.xmradio.com.

About Sirius

From its three satellites orbiting directly over the U.S., Sirius (http://www.sirius.com) broadcasts 100 channels of digital quality radio to motorists throughout the continental United States for a monthly subscription fee of $12.95. Sirius delivers 60 original channels of completely commercial-free music in virtually every genre, and 40 world-class sports, news and entertainment channels. Sirius has agreements to install AM/FM/SAT radios in Ford, Chrysler, BMW, Mercedes-Benz, Jaguar, Volvo, Mazda, Dodge and Jeep® vehicles. Kenwood, Panasonic, Clarion and Jensen satellite receivers, including models that can adapt any car stereo to receive Sirius, as well as home and portable products, will be available at retailers such as Circuit City, Best Buy, Good Guys, Tweeter, Ultimate Electronics and Crutchfield