News Release - Magna Supplies Next-Generation Vision System for FCA U.S. Vehicles

AURORA, ON, March 9, 2016 /PRNewswire/ - Magna International Inc., a leader in camera-based advanced driver assistance systems (ADAS), announced today that it is supplying its new EYERIS^® Generation 3.0 camera system for the 2016 Jeep Grand Cherokee, the first FCA U.S. vehicle to feature this new innovative camera technology, and for the all-new 2017 Chrysler Pacifica. The announcement was made at an event for investors and analysts in downtown Toronto.

The EYERIS Generation 3.0 system builds on the innovative technology features from previous platforms that are on the market now and improves the field of view as well as the camera resolution. As part of a fusion system with radar in the front of the Jeep, the system performs functions related to the vehicles' lane keeping, automatic high beam, automatic emergency braking and adaptive cruise control features.

"Collaborating with FCA US on higher demand vehicles like the Jeep Grand Cherokee and Chrysler Pacifica demonstrates our leadership position in the automotive vision system technology market," said Swamy Kotagiri, Magna Chief Technology Officer and President Magna Electronics. "We are excited to launch EYERIS 3.0 with FCA US and look forward to continuing to expand our innovative technology to meet the needs of today's growing driver assistance market."

Magna is a pioneer in automotive camera technology and has been developing innovative camera systems for automakers for more than 25 years. The latest EYERIS electronic vision system provides automakers with advanced options as they pursue future automotive trends in advanced safety and semi-autonomous technologies demanded by today's consumer.

About Magna International

We are a leading global automotive supplier with 305 manufacturing operations and 93 product development, engineering and sales centres in 29 countries. We have over 139,000 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, 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.

# # #

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