UPDATE 1-Hyundai to fit XM Satellite radio in U.S. cars

Newswire

(Adds details) NEW YORK, March 23 (Reuters) - 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 by 2007. The installation of satellite radios in new cars is a key growth area for the nascent pay-satellite radio industry, which comprises XM and smaller rival ...

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