Update - Sirius Satallite Radio coming to 2004 Mercedes!
04-17-2003, 10:15 AM
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Update - Sirius Satallite Radio coming to 2004 Mercedes!
At the New York Auto Show they announced that Sirius Radio will be an option on most 2004 Mercedes models.
From www.TheCarConnection.com:
ARE YOU SIRIUS?
Mercedes-Benz is the latest automaker to sign on with Sirius Satellite Radio, the largely-commercial free, subscription-based infotainment service. Virtually all Mercedes models will offer satellite-equipped radios, starting in the 2004 model year, allowing customers to opt or not for the $10 monthly service. Sirius got off to a slow start that put it about a year behind, officials concede, due to technical glitches with their receiver software. Some analysts question the company’s viability but Senior Vice President Doug Wilsterman contended that a recent restructuring will help. It resulted in the start-up firm’s debt being cut from around $700 million to $75 million. Sirius, he said, now has somewhere in the range of 75,000 subscribers, and the “projection for the year is 300,000. We’re tracking pretty close with what our competitor (XM Radio) did, and we’re about a year behind.” The debt restructuring, he emphasized, will allow Sirius to break even when it hits 2 million subscribers, half its original forecast
From www.TheCarConnection.com:
ARE YOU SIRIUS?
Mercedes-Benz is the latest automaker to sign on with Sirius Satellite Radio, the largely-commercial free, subscription-based infotainment service. Virtually all Mercedes models will offer satellite-equipped radios, starting in the 2004 model year, allowing customers to opt or not for the $10 monthly service. Sirius got off to a slow start that put it about a year behind, officials concede, due to technical glitches with their receiver software. Some analysts question the company’s viability but Senior Vice President Doug Wilsterman contended that a recent restructuring will help. It resulted in the start-up firm’s debt being cut from around $700 million to $75 million. Sirius, he said, now has somewhere in the range of 75,000 subscribers, and the “projection for the year is 300,000. We’re tracking pretty close with what our competitor (XM Radio) did, and we’re about a year behind.” The debt restructuring, he emphasized, will allow Sirius to break even when it hits 2 million subscribers, half its original forecast
