Press Release - Magna Announces Cooperation Regarding Regulatory Investigation
Magna's policy is to comply with all applicable laws, including antitrust and competition laws, and we intend to cooperate with CADE in this investigation.
ABOUT MAGNA
We are a leading global automotive supplier with 317 manufacturing
operations and 83 product development, engineering and sales centres in
29 countries. We have over 130,000 employees focused on delivering
superior value to our customers through innovative products and
processes, and World Class Manufacturing. Our product capabilities
include producing body, chassis, interior, exterior, seating,
powertrain, electronic, vision, closure and roof systems and modules,
as well as complete vehicle engineering and contract manufacturing.
Our Common Shares trade on the
FORWARD-LOOKING STATEMENTS
This press release may contain statements that constitute
"forward-looking information" or "forward-looking statements" within
the meaning of applicable securities legislation. We use words such as
"may", "would", "could", "should" "will", "likely", "expect",
"anticipate", "believe", "intend", "plan", "forecast", "outlook",
"project", "estimate" and similar expressions suggesting future
outcomes or events to identify forward-looking statements. Any such
forward-looking statements are based on information currently available
to us, and are based on assumptions and analyses made by us in light of
our experience and our perception of historical trends, current
conditions and expected future developments, as well as other factors
we believe are appropriate in the circumstances. However, whether
actual results and developments will conform to our expectations and
predictions is subject to a number of risks, assumptions and
uncertainties, many of which are beyond our control, and the effects of
which can be difficult to predict. These risks, assumptions and
uncertainties include, without limitation, the impact of: risks of
conducting business in foreign markets, legal claims and/or regulatory
actions against us; the unpredictability of, and fluctuation in, the
trading price of our Common Shares; changes in laws and governmental
regulations;and other factors set out in our Annual Information Form
filed with securities commissions in
SOURCE
please contact Louis Tonelli, Vice President, Investor Relations at 905-726-7035.