Honda to factory install XM Satellite radio in 2006 vehicles
XM Satellite Radio Holdings Inc. (XMSR) said Honda Motor Co.'s (HMC) American Honda Motor unit will factory install over 550,000 of its 2006 vehicles with XM Satellite Radio.
XM is now factory installed on the 2006 Honda Civic and the 2006 Honda Pilot sport-utility vehicle.
In a press release Thursday, the satellite-radio company said Honda models equipped with XM Satellite Radio as a factory-installed feature for the 2006 model year also include: Honda Accord, Honda Accord Hybrid, Honda Odyssey, Honda Element, and Honda Ridgeline.
XM Satellite Radio is a standard factory-installed feature on all of Honda's Acura RL, Acura TL, Acura TSX and Acura MDX models.
Class A shares of XM Satellite Radio closed Wednesday at $31.32, down $1.10, or 3.4%, in Nasdaq composite trading, while Honda Motor shares closed at $28.16, down 47 cents, or 1.6%.