Sirius XM Holdings Inc. (SIRI - Free Report) has announced the extension of its existing partnership with Hyundai Motor America, the wholly owned subsidiary of Hyundai Motor Company, to five more years.
Per the agreement, customers purchasing Hyundai and Genesis brand vehicles will continue to get a three-month’s introductory Sirius XM All Access subscription package through the 2022 model year.
Sirius XM All Access is a highly extensive programming package including the Sirius XM mobile app. It delivers a comprehensive audio entertainment experience in the form of music, sports, talks, news, comedy, etc. The subscribers also get an access to streaming, which allows them to connect to their favorite channels online using the mobile app as well as at home on a wide range of connected devices like smart TVs, PlayStations etc.
Additionally, customers purchasing Hyundai Certified Pre-Owned vehicles will also be entitled to receive an introductory subscription of Sirius XM All Access for three months.
Further, customers buying Genesis branded vehicles with navigation facility will receive a three-year subscription to a bouquet of Sirius XM Traffic and Sirius XM Travel Link infotainment services.
Notably, Sirius XM Traffic provides detailed information on traffic speed, accidents, construction, road closures and so on, enabling drivers to avoid congestion before reaching their respective destination.
Meanwhile, Sirius XM Travel Link offers drivers and passengers updates on weather, fuel prices, sports scores, movie listings and stock prices.
Zacks Rank & Other Key Picks
Sirius XM carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader Consumer Discretionary sector include American Public Education, Inc. (APEI - Free Report) , Sky plc (SKYAY - Free Report) and Discovery Inc. (DISCA - Free Report) . While American Public Education sports a Zacks Rank #1 (Strong Buy), Sky and Discovery carry a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of American Public Education, Sky and Discovery have gained more than 100%, 48% and 7%, respectively, in the last six months.
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