GM's XM Satellite Radio Option Now $199

XM Satellite Radio is One of the Fastest Technology Rollouts in GM History

DETROIT - General Motors has lowered the option price of factory-installed XM Satellite Radio (NASDAQ: XMSR) by 39 percent to $199, from $325, beginning with most model-year 2007 vehicles. More than 90 percent of GM's model-year 2006 and 2007 U.S. retail vehicles offer factory-installed XM Satellite Radios as either an option or as standard equipment.

"The economies of scale and engineering efficiencies brought by the rapid pace of XM Radio installations across GM's product lineup allow us to pass along cost savings to our customers," said Mark LaNeve, vice president of GMNA Sales, Service and Marketing. "XM Radio has become a must-have feature for many customers and demand just continues to grow. Chevrolet alone has produced over two million XM-equipped vehicles."

Consumer acceptance has made factory installation of XM Satellite Radio one of the most rapid technology rollouts in GM history. More than 60 percent of current GM customers with XM-equipped vehicles say they will prefer their next vehicle be equipped with XM Radio and 80 percent say they will recommend it to friends and family. General Motors, the industry leader in offering factory-installed satellite radio equipped vehicles, has built over 4 million XM-equipped vehicles since 2001 -- more than all other vehicle manufacturers combined.

"The strong support of General Motors and its customers has been a key factor in establishing and maintaining XM's leadership position in satellite radio and in-car entertainment," said Steve Cook, Executive Vice President, Automotive, XM Satellite Radio.

XM is the exclusive satellite radio partner of GM, which offers more than 50 vehicle models that feature XM Satellite Radio -- the most extensive model line up of satellite-equipped vehicles in the industry. GM was the first vehicle manufacturer to introduce satellite radio in 2001 as a factory-installed option on 2002 Cadillac DeVille and Seville models. XM Satellite Radio is standard on all Cadillac models. All GM retail vehicle sales with factory-installed XM radios include a three-month trial service period.