XM Satellite, Sirius Expand Deals With Infiniti

07/09/03 - 10:54 AM EDT

Nat Worden

Two satellite radio rivals will offer services as a factory option on the entire lineup of Infiniti cars.

XM Satellite Radio (XMSR Quote) and Sirius (SIRI Quote) said Wednesday that Infiniti, the luxury division of Nissan North America, will offer customers a choice between the two services as a built-in feature on all the cars.

Both companies previously had offered their services on the 2003 Infiniti FX 45 crossover vehicle. Soon, they will be available to buyers of the Q45 luxury sedan, the M45 performance sedan, the G35 sport sedan, the G35 sport coupe and the I35 performance luxury sedan.

In addition to the factory option, Infiniti is equipping all models with prewiring that will enable Infiniti retailers to install satellite radio at a customer's request.

"This is continuing a general trend -- that auto manufacturers want to offer satellite radio services to their customers," said Daniel Ernst, an analyst with Rodman & Renshaw.

Shares of Sirius were up 2.3%, or 4 cents, at $1.81 on Wednesday morning, while shares of XM were up 1.8%, or 23 cents, at $13.08.

Back to Yahoo

Your Recent Quotes: Quote Up0 | Quote Down0
 
Dow S&P 500 NASDAQ
Oil*
65.43
8,280.74
896.42
1,796.52
10 Yr
3.50%
223.32
26.91
49.20
-2.63%
-2.91%
-2.67%
Data delayed 20 min
Get Jim Cramer's Free Newsletter

The Daily Booyah!
Get your daily dose of Cramer in your inbox.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer's latest picks now!

Brokerage Partners