Volkswagen to Offer XM Satellite
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NEW YORK (Dow Jones/AP) _ Volkswagen AG’s Volkswagen of America Inc. unit will offer satellite radio services to Volkswagen and Audi customers through distribution agreements with Sirius Satellite Radio and XM Satellite Radio.
Financial terms weren’t disclosed.
Sirius Satellite and XM Satellite Radio said Monday each will broadcast a satellite radio service offering 100 channels of digital audio entertainment for a low monthly fee.
Shares of XM Satellite traded late Monday at $12.45, down 40 cents, or 3.1 percent on the Nasdaq Stock Market.
Sirius Satellite Radio’s shares changed hands at $4.38, down 43 cents, or 8.9 percent on the Nasdaq.