News Release - Magna Celebrates Grand Opening of Chassis Facility in Mexico

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AURORA, ON, Feb. 18, 2015 /PRNewswire/ - Magna International Inc. announced today the grand opening of Autotek Morelos, a new greenfield facility in Emiliano Zapata, Morelos, Mexico, for the assembly of automotive chassis products. Company officials were joined by members of state and local government as well as customers to celebrate the occasion.

(Photo: http://photos.prnewswire.com/prnh/20150218/176295)

The 130,000-square-foot facility will produce structural welded assemblies for global automakers including Nissan, and is expected to employ approximately 300 people at full production.

"On behalf of Magna, I want to thank the local community and the state of Morelos for their ongoing support and collaboration on this project," said Sandro Passera , Executive Vice President of Operations in Mexico for Cosma International, Magna's body and chassis operating unit. "They have helped make it possible for us to continue growing our world-class manufacturing operation, and we are excited for the opportunity to support our customers from this new facility."

Magna established its first facility in Mexico in 1991 with the opening of Autotek Puebla. Today, the addition of Autotek Morelos gives Magna 31 facilities and more than 24,000 employees in Mexico.

About Magna International

We are a leading global automotive supplier with 313 manufacturing operations and 84 product development, engineering and sales centres in 28 countries. We have approximately 131,000 employees focused on delivering superior value to our customers through innovative 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.

Tracy Fuerst, Director, Corporate Communications & Media Relations, (248) 631-5396, Tracy.fuerst@magna.com