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XM Announces First Lexus Models to Offer XM Radio


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#1 of 2 OFFLINE   Ronald Epstein

Ronald Epstein

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Posted April 13 2006 - 12:28 AM

NEW YORK, April 12 /PRNewswire/ -- XM Satellite Radio today announced that Lexus, the luxury division of Toyota Motor Sales, U.S.A., Inc., will offer XM as standard, factory-installed equipment on the 2007 LS 460 L and its new luxury hybrid sedan, the 2008 LS 600h L. XM will also be available as a factory-installed feature on the 2007 LS 460 model as part of the navigation option. The all-new fourth generation LS series will be the first Lexus models to offer factory-installed XM Satellite Radio. Lexus unveiled the LS 600h L hybrid today at a press conference at the New York International Auto Show.

In addition to offering XM Satellite Radio, both the LS 460 L and the LS 600h L hybrid will be the only vehicles in the prestige luxury segment to offer XM's real-time traffic service. XM NavTraffic is the nation's first satellite traffic information service that enables a driver to display real- time traffic conditions on the vehicle's navigation system. XM NavTraffic, powered by NAVTEQ Traffic, currently provides traffic data for 31 major metropolitan areas across the nation and is continuously expanding.

"The NavTraffic feature on the LS 460 is an excellent example of Toyota and XM collaborating to bring new technologies to the Lexus line of vehicles," said David Danzer, Group Vice President, Corporate Planning, Toyota Motor Sales, USA.

"The introduction of XM Satellite Radio and XM NavTraffic as a factory-installed feature on the new generation of Lexus LS sedans represents an important milestone for our company," said Hugh Panero, President and CEO of XM Satellite Radio. "This launch is just the beginning for XM and Toyota as XM will be further integrated into Toyota Motor Sales vehicles."

In 2004, XM Satellite Radio became Toyota Motor Sales' exclusive partner for factory-installed satellite radio entertainment and information services. Today, XM Satellite Radio is available in 19 Toyota, Lexus and Scion models as an option through port or dealer accessory programs. XM's satellite radio receivers are the sole Genuine Toyota Satellite Radio Tuner Accessory authorized by Toyota Motor Sales to bring satellite radio entertainment to these models.

About XM Satellite Radio

XM (Nasdaq: XMSR) is America's number one satellite radio company with more than 6.5 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2006 lineup includes more than 170 digital channels of choice from coast to coast: the most commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.

XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Toyota, Hyundai, Nissan, Porsche, Suzuki, Subaru, and Volkswagen/Audi, is available in more than 130 different vehicle models for 2006. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com.

About NAVTEQ

NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has approximately 1,500 employees located in over 100 offices in 20 countries.

NAVTEQ is a trademark in the U.S. and other countries.

Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-3-06. Copies of the filing are available upon request from XM Radio's Investor Relations Department.

SOURCE XM Satellite Radio

 

Ronald J Epstein
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#2 of 2 OFFLINE   Devin U

Devin U

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Posted April 13 2006 - 07:38 PM

Thought I dont own it personally, I think the navtraffic could be XM's next big thing. Personally, I think mobile video service would be a waste of bandwidth, and how many people really would use the 5.1 channels. But this, this is great. To be able to see on your nav screen where traffic is and how to avoid it would be great. I believe Acura has this in the TL and Cadilac has it in there Deville as well, but with more and more vehicals comming with navigation systems, XM should really try to push this. As well, they should team up with Garman and make a aftermarket unit that would do this. I would love a portable GPS unit that would have a base with a passport reciever card that could do traffic.




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