Honda to Double Production of Vehicles Factory-Installed with Xm Radio for 2005 Model Year
NEWS RELEASE HONDA TO DOUBLE PRODUCTION OF VEHICLES FACTORY-INSTALLED WITH XM RADIO FOR 2005 MODEL YEAR 4/7/2004 GROWING FROM 200,000 IN MODEL YEAR '04 TO 400,000 FOR MODEL YEAR '05 Washington D.C., April 07, 2004 -- XM Satellite Radio (NASDAQ: XMSR), the pioneer and leader in satellite radio, today announced that American Honda will increase the number of models which will be sold with XM radios as standard equipment for the 2005 model year. Honda estimates that the number of models should result in an increase in sales from 200,000 vehicles in 2004 to 400,000 vehicles in 2005. All of Honda's XM-equipped models will be sold with a three-month free trial subscription. "Throughout the 2004 model year, Honda has been increasing the sale of XM-equipped vehicles faster than expected," said Hugh Panero, XM President and CEO. "XM is thrilled that American Honda will broaden the availability of XM in such a significant way for the 2005 model year." "XM is proving to be a very popular feature that our customers want to see offered on a broader range of models," said Tom Elliott, Executive Vice President of American Honda Motor Co., Inc. "It's a feature that adds real value to the product and the customer experience." According to American Honda Motor Co., Inc., a total of seven model year 2005 Acura and Honda models will include XM as a factory-installed standard feature. Further details regarding XM availability on additional 2005 models will be announced later this year by American Honda.
[Show full text]