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Tuesday, June 16, 2009 8:04:48 AM
News for 'SIRI' - (XM Satellite Radio Now Available as Factory-Equipped Option on America's Best-Selling Passenger Car --XM estimates its satellite radio service available on over one million Toyota vehicles by the end of 2009)
NEW YORK, June 16, 2009 /PRNewswire-FirstCall via COMTEX/ -- SIRIUS XM Radio
(Nasdaq: SIRI) announced today that the XM satellite radio service is now
available as factory-equipped standard equipment on 2010 Camry vehicles with
premium audio, while model year 2010 Camry vehicles with standard audio will
continue to offer XM service as a dealer-installed option. Toyota Motor Sales
(TMS) USA, Inc.'s Camry has been the best-selling passenger vehicle in America
for seven years running.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )
SIRIUS XM also announced that, in addition to the Camry, XM satellite radio will
launch as a factory-installed option on many other Toyota vehicles throughout
2009. XM estimates the number of Toyota vehicles on the road by the end of 2009
available with XM satellite radio will exceed one million.
"The increased availability of XM services on the 2010 Camry is a testament to
our relationship with Toyota," said Jim Meyer, President, Operations and Sales,
SIRIUS XM Radio. "We are thrilled that Camry buyers will now be a ble to
experience commercial-free music from every genre, plus sports, news, talk and
entertainment, as well as 'The Best of SIRIUS.'"
In addition to XM satellite radio, XM NavTraffic will be standard equipment on
all Camry models with navigation. XM and XM NavTraffic are already available on
the Toyota Corolla, Matrix, and Venza, as well as on the Lexus LS 460 and LS
600h L models, the LX 570, the newly launched 2010 RX 350, and the upcoming 2010
RX 450h.
"The addition of XM and XM NavTraffic as fully integrated services in the Camry
reflects Toyota's focus on enhancing the driving experience for our customers,
and is another step toward providing more advanced choices for entertainment and
convenience in our vehicles," said Jon Bucci, TMS vice president, Advanced
Technology Department.
XM NavTraffic, powered by NAVTEQ, features comprehensive information and
coast-to-coast updates every minute. With availability in over 80 major North
American markets, XM NavTraffic delivers to drivers the most current and
detailed traffic and incident information, including construction, road closures
and accidents so that drivers can get to their destinations faster and safer.
Every Toyota and Lexus vehicle equipped with factory-installed XM comes with a
minimum three-month trial subscription to the available XM services on new
vehicle purchases. After trial periods, an XM subscription is required on all
Lexus and Toyota vehicles. For more information on XM, please visit
www.xmradio.com.
To learn more about the 2010 Toyota Camry and other Toyota vehicles, please
visit www.Toyota.com. To learn more about Lexus vehicles, visit www.Lexus.com.
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering to subscribers
commercial-free music channels, premier sports, news, talk, entertainment, and
traffic and weather.
SIRIUS XM Radio has content relationships with an array of personalities and
artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Jimmy Buffett,
Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge(R), The
Grateful Dead, Willie Nelson, Bob Dylan, Tom Petty, and Bob Edwards. SIRIUS XM
Radio is the leader in sports programming as the Official Satellite Radio
Partner of the NFL, Major League Baseball(R), NASCAR(R), NBA, NHL(R), and PGA
TOUR(R), and broadcasts major college sports.
SIRIUS XM Radio has arrangements with every major automaker. SIRIUS XM Radio
products are available at shop.sirius.com and shop.xmradio.com, and at retail
locations nationwide, including Best Buy, RadioShack, Target, Sam's Club, and
Wal-Mart.
SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in-vehicle
rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon
Network; XM NavTraffic(R) service for GPS navigation systems delivers real-time
traffic information, including accidents and road construction, for more than 80
North American markets.
About Toyota Motor Sales, U.S.A., Inc.
Toyota Motor Sales (TMS), U.S.A., Inc. is the marketing, sales, distribution and
customer service arm of Toyota, Lexus and Scion. Established in 1957, TMS
markets products and services through a network of more than 1,400 Toyota, Lexus
and Scion dealers. Toyota directly employs more than 34,000 people in the U.S.
and sold more than 2.2 million vehicles in 2008.
This communication contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about the benefits of the business
combination transaction involving SIRIUS and XM, including potential synergies
and cost savings and the timing thereof, future financial and operating results,
the combined company's plans, objectives, expectations and intentions with
respect to future operations, products and services; and othe r statements
identified by words such as "will likely result," " are expected to,"
"anticipate," "believe," "plan," "estimate," "intend," "will," "should," "may,"
or words of similar meaning. Such forward-looking statements are based upon the
current beliefs and expectations of SIRIUS' and XM's management and are
inherently subject to significant business, economic and competitive
uncertainties and contingencies, many of which are difficult to predict and
generally beyond the control of SIRIUS and XM. Actual results may differ
materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results to differ
materially from the anticipated results or other expectations expressed in the
forward-looking statement: our substantial indebtedness; the businesses of
SIRIUS and XM may not be combined successfully, or such combination may take
longer, be more difficult, time-consuming or costly to accomplish than expected;
the useful life of our satellites; our dependence upon automakers and other
third parties; our competitive position versus other forms of audio and video
entertainment; and general economic conditions. Additional factors that could
cause SIRIUS' and XM's results to differ materially from those described in the
forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K
for the year ended December 31, 2008 and XM's Annual Report on Form 10-K for the
year ended December 31, 2008, which are filed with the Securities and Exchange
Commission (the "SEC") and available at the SEC's Internet site
(http://www.sec.gov). The information set forth herein speaks only as of the
date hereof, and SIRIUS and XM disclaim any intention or obligation to update
any forward looking statements as a result of developments occurring after the
date of this communication.
O-SIRI
Media Contact:
; Sal Resendez
SIRIUS XM Radio
646 313 2405
sal.resendez@siriusxm.com
SOURCE SIRIUS XM Radio
URL: http://www.xmradio.com
www.prnewswire.com
Copyright (C) 2009 PR Newswire. All rights reserved
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KEYWORD: New York
INDUSTRY KEYWORD: RAD
ENT
AUT
SUBJECT CODE: PDT
Source: Comtext Market News
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