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General Motors builds 500,000 XM-equipped vehicles
Detroit, MI, Aug. 7, 2003 - Today General Motors announced the 500,000th XM Satellite Radio equipped vehicle will roll off the production line in mid-August. GM has been rapidly increasing availability and volume of XM-equipped vehicles since service introduction on two Cadillac models in November 2001. "Just 21 months ago GM launched a brand new and extremely exciting audio entertainment product, and today it is available on over 40 GM models," says Gary Cowger, president GM North America. "This successful launch represents one of the fastest technology rollouts in GM history, and over the next six months we expect to double our XM volume to one million vehicles." In the 2003 model year, GM produced nearly 400,000 XM-equipped vehicles for a 15 percent penetration. Orders for XM-equipped vehicles have exceeded expectations and GM has increased its penetration outlook for the 2004 model year to 20 percent. "XM provides unique and unparalleled news and entertainment programming that complements GM's diverse product portfolio and customer base," states XM CEO and President Hugh Panero. "GM is and will continue to be a vital source and supporter of our growing business." GM was the first automaker to offer XM Satellite Radio and is the only automotive manufacturer to factory install XM across its vehicle portfolio. GM will continue expanding XM availability as standard vehicle packaging in many 2004 models. GM reports that nearly all vehicle owners are very satisfied with their XM service and the majority of vehicle owners would strongly or definitely consider purchasing another GM vehicle equipped with XM. About XM Satellite Radio About GM GM's automotive brands are Buick, Cadillac, Chevrolet, GMC, Holden, HUMMER, Oldsmobile, Opel, Pontiac, Saab, Saturn and Vauxhall. In some countries, the GM Group distribution network also markets vehicles manufactured by GM Daewoo, Isuzu, Subaru and Suzuki. GM's OnStar is the industry leader in vehicle safety, security and information
services.
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