Stocks:  (XMSR)(SIRI)

Honda will install 650,000 XM Satellite radios in its American Honda 2007 cars. The company installed 550,000 last year.

While it is hard to say how many of these will become long-term subcribers, the announcement comes at a time when XM desperately needs a boost.

XM’s sales growth has trailed rival Sirius this year, and some analysts believe that the trend could continues with Sirius gaining. While XM’s shares have outperformed Sirius’ for the last three month, they are still up only a little over 5%. Maybe the car industry can give them a push.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.