National, January 14, 2002 -- In one of the fastest technology rollouts ever at General Motors, XM Satellite Radio will be offered on 23 models this fall - from the Chevy Cavalier to the Cadillac Escalade EXT.
In November 2001, GM became the first auto manufacturer in the world to offer XM as a factory-installed option on 2002 Cadillac DeVilles and Sevilles. Beginning this fall, the start of the '03 model year, the XM option will be available on the following models:
BUICK: Rendezvous, LeSabre
CADILLAC: Escalade, Escalade EXT, DeVille, Seville
Avalanche, Cavalier, Impala, Monte Carlo, Silverado, Suburban, Tahoe
GMC: Denali, Denali XL, Sierra, Yukon, Yukon XL
PONTIAC: Aztek, Bonneville, Grand Am, Sunfire
"These additional models will maintain GM's leadership position over other OEM competitors in terms of offering factory-installed XM Satellite Radios," said Rick Lee, executive director of XM Satellite Radio Services for GM.
"We're thrilled that General Motors, the nation's largest automaker, is expanding XM's service throughout its car and truck line," said XM President and CEO Hugh Panero. "Consumer response to XM has been fabulous, Fortune Magazine named us 'Product of the Year,' and GM is making a powerful statement about the growing demand for our service."
XM Satellite Radio provides 100 coast-to-coast digital quality channels, offering everything from 1940s genre music to the latest in hip-hop. Consumers can subscribe to the service for $9.99 a month - less than the cost of a single CD. In addition, GM customers with GMAC financing can choose to include the XM subscription in their car payments.
General Motors (NYSE: GM), the world's largest vehicle manufacturer, designs, builds and markets cars and trucks worldwide. GM also operates one of the largest and most successful financial services companies, GMAC, which offers automotive, mortgage and business financing and insurance services to customers worldwide.
GM is investing aggressively in digital technology and e-business within its global automotive operations and through such initiatives as e-GM, GM BuyPower, and OnStar.
More information on General Motors can be found at www.gm.com.
XM (Nasdaq: XMSR) 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.
XM was named "Product of the Year" by Fortune, an "Invention of the Year" by Time and won Popular Science's 2001 "Best of What's New" Grand Award in the electronics category. XM won several awards at the 2001 International Consumer Electronics Show, including "Best of CES" in the automotive category.For more information, please visit XM's web site: www.xmradio.com.
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include uncertainties associated with demand for the company's service, the company's dependence on third party vendors, its continuing need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 8-K filed with the Securities and Exchange Commission on 12-6-2001. Copies of the filing are available upon request from XM Radio' s Investor Relations Department.