SÃO PAULO, Brazil, October 5, 2010 – Magna International Inc., the world’s most diversified automotive parts supplier, announced today it will expand its presence in South America, during a time of rapid economic growth across the region. Two of Magna’s operating units, Cosma International, manufacturer of body and chassis systems, and Magna Seating, developer and manufacturer of complete seating solutions and seat mechanisms, are establishing manufacturing facilities in the São Paulo area to meet new customer requirements.

Cosma’s new facility will produce stamped and welded assemblies for global automakers.  The launch of the plant is scheduled for early 2011.

Magna Seating’s new facility will produce complete seats for a future General Motors program.  The plant is expected to open in 2012.

“The strategic decision to expand operations in South America is part of Magna’s long-term global strategy of developing our business in key growth markets,” said Scott Paradise, Vice President Marketing and Business Development, Magna International. “Our two new planned locations in São Paulo underscore our commitment to bring innovative and proven technology to locations around the world to support the needs of our global customers.”

In addition to these two new facilities, Magna Closures, which has been operating in Brazil for 11 years and is the leading door latch supplier in South America, has recently announced it has won additional business for door handles and window regulators and will be increasing the size of its São Paulo facility to meet customer demands.  The group has also added mirror capability to its product lineup, and has recently been awarded new mirror business with global automakers in Brazil.  Magna Closures Brazil serves all global automakers operating in South America, including business in the heavy truck segment and has approximately 750 employees.

No further details regarding the new facilities are being made available at this time.

About Cosma International
Cosma International, an operating unit of Magna International, manufactures a comprehensive range of metal body systems, components, assemblies and modules including complete vehicle frames, chassis systems and body-in-white systems using a variety of innovative processes including hydroforming, stamping and roll forming. Cosma has 37 manufacturing facilities and 12 product development and engineering centers worldwide.

About Magna Seating
Magna Seating is an innovative leader in the development and manufacture of high-quality complete seat solutions and seat mechanisms for the global automotive industry. Their capabilities range from consumer and market research, full concept development, design and engineering, testing and validation to world-class manufacturing of seating components and complete seat assemblies.

About Magna Closures
Magna Closures designs, engineers and manufactures a complete range of vehicle closure modules, systems and components for the automotive industry. Since its formation in 2000, Magna Closures has become a leading provider of door modules, complete doors, window systems, latching systems, power sliding doors and power liftgates.

About Magna International South America Operations
Magna International South America currently has two manufacturing facilities and an engineering/product/sales office.  With the addition of the Magna Seating and Cosma facilities, and the expansion of the Magna Closures facility, Magna will have representation from three of its operating units with approximately 900 employees throughout Brazil.

About Magna International
Magna International (www.magna.com) is the most diversified automotive supplier in the world. We design, develop and manufacture automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa. Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body and structural systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; hybrid and electric vehicles/systems; as well as complete vehicle engineering and assembly.

Magna has over 90,000 employees in 242 manufacturing operations and 76 product development, engineering and sales centers in 25 countries.