GM Slashes Price of XM Satellite Radio
Wednesday, August 16th, 2006
General Motors announced that it is slashing the price of XM Satellite Radio to $199 for the 2007 model year, down 38.8 percent over last year’s price of $325.
The new price goes into effect immediately, and consumers still get the first three months of service included, with subsequent months costing $12.95 per month.
HUMMER won’t be participating in the price cut, according to GM, but offering up XM is something of a lucrative activity for the General, apparently the automaker gets a cut of subscription fees, as well as some extra cash each time its OnStar employees handle XM-related service calls.
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