GM drops XM radio pricing

General Motors cut the price of factory-installed options of XM Satellite Radio in its 2007 vehicles, chopping the cost 39 percent in an effort to boost the flagging satellite radio industry and GM’s own cloudy financial picture.
The XM radio installations will now cost $199, as opposed to the old price of $325. The Detroit-based automaker said that more than 90 percent of its 2006 and 2007 model-year vehicles offer XM as either standard equipment or as an option.
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