Sirius XM Radio
The satellite radio giant announced a partnership with Nissan
Sirius XM's foray into telematics will mean that new Nissan cars will offer things including 24/7 emergency support for accidents, stolen vehicle tracking, and roadside assistance. Pricing wasn't disclosed, but General Motors
Naturally, we live in a new age of information as a result of the smartphone revolution. Ford
This is still a smart move by Sirius XM.
"Looking ahead, SiriusXM has the ability to combine satellite and cellular networks to expand coverage beyond traditional cellular-based telematics services," reads the press release, pointing to a future where Sirius XM will be able to leverage the functionality of its costly satellites.
In the end, it's just another brilliant way for Sirius XM to pump up the average revenue per user.
Running of the bulls
I remain bullish on Sirius XM's future. It should come as no surprise that I'm promoting the CAPScall initiative for accountability by reiterating my bullish call on Sirius XM for Motley Fool CAPS.
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Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story, except for Ford. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.