News Release - Magna Producing Complete, Lightweight Composite Liftgate for German OEM

SAILAUF, Germany, Sept. 29, 2014 /PRNewswire/ - Magna International Inc. announced that it is leveraging its advanced composites and exteriors systems expertise to produce an innovative, lightweight composite liftgate assembly on the BMW i3.

(Photo: http://photos.prnewswire.com/prnh/20140929/148922)

Magna's collaboratively-designed liftgate achieves the BMW i brand appearance and vehicle mass requirements through the use of a lightweight composite structure which integrates the liftgate's functional systems. Locking and latching systems, rear windshield wiper system, interior trim, exterior painted trim finishes, electrical power and signal distribution, tail-lights, rear window and a unique glass outer panel are all integrated using a fully automated accelerated joining technology. The sleek and stylish module is a completely assembled lightweight closure, ready for installation on the vehicle.

"Our composites and exterior systems expertise, as well as our ability to effectively collaborate with BMW Group to achieve shared objectives, were fundamental to our ability to deliver this novel liftgate," said Joe Pittel, president Magna Exteriors.  "This combination enabled us to meet the expectations of BMW Group and launch this innovative product in a relatively short time."

The liftgate assembly is being produced at a Magna facility in the Czech Republic, using advanced manufacturing and bonding processes to ensure a high-quality product scalable for high-volume production.  The fully assembled module is transported to BMW Group's Leipzig facility for direct assembly in line.

"Magna's ability to deliver innovative solutions that help our customers address market needs and industry challenges is a top priority for the company," said Swamy Kotagiri, Magna's Chief Technical Officer.  "Delivering commercialized products demonstrate the company's leadership position in innovation and positions us for future growth opportunities in a highly competitive industry."

About Magna International

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 Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

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THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS.  PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.

SOURCE Magna International Inc.