This excerpt taken from the SIRI 10-Q filed May 11, 2009.
The bankruptcy of Chrysler LLC and other major automakers may negatively affect our subscriber growth, business and prospects.
On April 30, 2009, Chrysler LLC filed for bankruptcy protection under Title 11 of the United States Code. Chryslers bankruptcy may have certain adverse effects on us, including:
There is also significant uncertainty surrounding General Motors future and potential filing for bankruptcy protection. A bankruptcy filing by General Motors could have similar effects on our subsidiary, XM. Specifically, a General Motors bankruptcy could reduce the number of subscribers we realize from General Motors, would allow General Motors to accept or reject its agreement with XM, and could disrupt and/or delay the payment of certain amounts to XM. Similarly, if General Motors rejected its agreement with XM, XM would be released from significant financial obligations to General Motors.
See Exhibits Index attached hereto.