News Release - Magna Opens New Seating Headquarters

• 180,000 square feet, 450 employees
• Built to reflect the needs of employees and customers 
• Secure, customer-dedicated work areas

Please click HERE for a PDF version of the release.

TROY, Mich., January 30, 2017 — Magna International Inc. announced today its seating business has moved into a new, state-of-the-art headquarters in Novi, Michigan.

The facility, located at 30020 Cabot Drive, includes three floors and 180,000 square feet of space. Approximately 450 employees will work at the building with room for future growth, including functions such as accounting, sales & marketing, purchasing, human resources and engineering.

“It’s exciting to begin the next chapter for Magna Seating at our new home, which has been built to suit the needs of our employees and customers for years to come,” said Mike Bisson, president of Magna Seating. “Thank you to all the hard-working people, both within Magna and in the State of Michigan, Novi and Oakland County communities, who helped make this vision a reality. Our new space allows us to be flexible and cost-effective with the ability to seamlessly communicate globally through the use of intuitive technology.”


Magna's new Seating HQ is a three-story building with 180,000 square feet of space.

Magna employees were surveyed during the planning phases for the new HQ and implementation teams were formed, in order to help define the overall design and layout as well as other aspects of the new building. Amenities which resulted from the employee survey include:
• Height-adjustable desks for ergonomics and comfort
• Customer-dedicated, secure work cells for seat bucks and complete vehicles
• Collaboration spaces that encourage informal meetings and promote human interaction
• Enhanced communications & media throughout the building
• High-tech, easy-to-use conference rooms designed for efficiency and global communications including telepresence capability

Magna is an innovative, global leader in automotive seating systems and mechanisms. With 50 assembly and manufacturing locations and six engineering centers around the world, Magna provides flexible, lightweight seat solutions to automakers in North America, South America, Europe and Asia.

TAGS

Automotive seats, Novi, Oakland County development

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations 
louis.tonelli@magna.com, 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, 248.631.5396

ABOUT MAGNA INTERNATIONAL

We are a leading global automotive supplier with 312 manufacturing operations and 98 product development, engineering and sales centres in 29 countries. We have over 155,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure and roof systems. 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.