NEW YORK -- Hyundai Motor Co. said on Wednesday it plans to offer XM Satellite Radio as standard equipment on all U.S. models around 2007.
Hyundai said it plans to put XM radios in 75 percent of its vehicles by the end of 2006, with remaining models following quickly and totaling 500,000 units by 2007.
The installation of satellite radios in new cars is a key growth area for the nascent satellite radio industry, which comprises XM and smaller rival Sirius Satellite Radio Inc.
XM also has deals with General Motors and Toyota Motor Corp. Sirius has deals with Ford Motor Co. and DaimlerChrysler AG and other carmakers that include its radios as a factory-installed option.
Both XM and Sirius charge subscribers a monthly fee for their satellite radio services. XM currently has about 3.2 million subscribers, while Sirius has about 1.2 million subscribers.