- Oct 24, 2000
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According to cnnfn.com, VW stock rose 3.8 percent today on the news that former BMW boss, Bernd Pischetsrieder, will become CEO in April 2002.
In other automotive news...
PORSCHE SIGNS UP WITH SIRIUS AND XM SATELLITE RADIO
As the industry gears up for the future of in-car broadcasting, satellite radio deals are gaining momentum with automakers. A few weeks ago, BMW of North America announced that it was contracting with Sirius Satellite Radio Inc. (which also has Ford and DaimlerChrysler on its roster). This week, General Motors outlined its plans to offer XM Satellite Radio as an option on 20 of its 2003 models next fall (along with Honda). Now Porsche Cars North America has decided that more is better, and has cut a deal with both Sirius and XM. Satellite radio is a subscription-based option that allows customers to "personalize" their listening by offering digital-quality radio playing dozens of channels covering nearly every imaginable style of music and format. Porsche?s dual-service deal will allow it to offer clients more than 100 channels of music, talk and sports. The company expects to begin offering satellite radio on all Porsche models in two to three years.
This XM Satellite radio is all news to me, surprisingly. I saw my first ad for the product last night during the MTV VMAs!
In other automotive news...
PORSCHE SIGNS UP WITH SIRIUS AND XM SATELLITE RADIO
As the industry gears up for the future of in-car broadcasting, satellite radio deals are gaining momentum with automakers. A few weeks ago, BMW of North America announced that it was contracting with Sirius Satellite Radio Inc. (which also has Ford and DaimlerChrysler on its roster). This week, General Motors outlined its plans to offer XM Satellite Radio as an option on 20 of its 2003 models next fall (along with Honda). Now Porsche Cars North America has decided that more is better, and has cut a deal with both Sirius and XM. Satellite radio is a subscription-based option that allows customers to "personalize" their listening by offering digital-quality radio playing dozens of channels covering nearly every imaginable style of music and format. Porsche?s dual-service deal will allow it to offer clients more than 100 channels of music, talk and sports. The company expects to begin offering satellite radio on all Porsche models in two to three years.
This XM Satellite radio is all news to me, surprisingly. I saw my first ad for the product last night during the MTV VMAs!
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