Hyundai Motor America and Sirius XM Radio Extend Relationship
Hyundai renews commitment to offer satellite radio as a standard feature
across its vehicle lineup
NEW YORK, Dec. 13, 2012
NEW YORK, Dec. 13, 2012 /PRNewswire/ -- Sirius XM Radio (NASDAQ: SIRI) and
Hyundai Motor America today announced an agreement that extends SiriusXM's
relationship with Hyundai for three years, including a provision for further
extension through August of 2017.
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All Hyundai customers will receive a 3-month SiriusXM subscription with the
purchase of any new Hyundai vehicle with a factory-equipped satellite radio.
"We are pleased to continue giving Hyundai customers access to SiriusXM's
best-in-class audio entertainment as a standard feature across our vehicle
lineup," said Michael Deitz, Senior Group Manager, Connected Car, Hyundai
Motor America. "Customers tell us that quality audio entertainment is one of
the most important features in a vehicle, so the continuation of our
relationship with SiriusXM makes their very first experiences in their new
Hyundai even more memorable."
"Hyundai created significant customer and dealer satisfaction by making
satellite radio standard across its vehicle lineup," said Steve Cook, Group
Vice President and General Manager, Automotive Division, SiriusXM. "Hyundai is
one of the fastest-growing car companies. We are excited to extend our
relationship with them and to welcome even more new Hyundai owners to our
growing ranks of subscribers for years to come."
For more information on SiriusXM, please visit www.siriusxm.com.
About Sirius XM Radio
Sirius XM Radio Inc. is the world's largest radio broadcaster measured by
revenue and has 23.4 million subscribers. SiriusXM creates and broadcasts
commercial-free music; premier sports talk and live events; comedy; news;
exclusive talk and entertainment; and the most comprehensive Latin music,
sports and talk programming in radio. SiriusXM is available in vehicles from
every major car company in the U.S., from retailers nationwide, and online at
siriusxm.com. SiriusXM programming is also available through the SiriusXM
Internet Radio App for Android, Apple, and BlackBerry smartphones and other
connected devices. SiriusXM also holds a minority interest in SiriusXM Canada
which has more than 2 million subscribers.
About Hyundai Motor America
Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of
Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the
United States by Hyundai Motor America and are sold and serviced through more
than 820 dealerships nationwide. All Hyundai vehicles sold in the U.S. are
covered by the Hyundai Assurance program, which includes the
5-year/60,000-mile fully transferable new vehicle warranty, Hyundai's
10-year/100,000-mile powertrain warranty, and five years of complimentary
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 future financial and
operating results, our plans, objectives, expectations and intentions with
respect to future operations, products and services; and other statements
identified by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend," "plan,"
"projection," "outlook" or words of similar meaning. Such forward-looking
statements are based upon the current beliefs and expectations of our
management and are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are difficult to
predict and generally beyond our control. 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 statements: our competitive position versus other forms of
audio entertainment; our dependence upon automakers; general economic
conditions; failure of our satellites, which, in most cases, are not insured;
our ability to attract and retain subscribers at a profitable level; royalties
we pay for music rights; the unfavorable outcome of pending or future
litigation; failure of third parties to perform; and our substantial
indebtedness. Additional factors that could cause our results to differ
materially from those described in the forward-looking statements can be found
in our Annual Report on Form 10-K for the year ended December 31, 2011, which
is 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 we disclaim any intention or
obligation to update any forward looking statements as a result of
developments occurring after the date of this communication.
Follow SiriusXM on Twitter orlike the SiriusXM page on Facebook.
Contact for SiriusXM:
646 313 2405
SOURCE Sirius XM Radio
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