Wednesday, December 22, 2010

Sirius XM Soars On BMW Deal

Shares of SIRIUS XM Radio (NASDAQ: SIRI) soared more than 8% on Wednesday after BMW Motorcycles announced that beginning with January 2011 production, BMW Motorcycles will offer SIRIUS as standard equipment on new radio-equipped Model Year 2011 R 1200 RT, K 1600 GT, and K 1600 GTL Touring Motorcycles. BMW Motorcycle will include an introductory one-year subscription to the "SIRIUS Everything" package with the purchase of every new radio-equipped RT, GT and GTL Touring Motorcycles produced from January 2011. After the introductory one-year subscription, the SIRIUS service will be subject to the standard rates. Stay tuned for more.

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