Magna

AURORA, ONTARIO, Canada, May 5, 2008 – Cosma International and Decoma International, two operating units of Magna International Inc., have received the General Motors 2007 Supplier of the Year award for their significant contributions to GM’s global product and performance achievements. The 16th annual awards – themed the “Best of the Best” -- were given during ceremonies Saturday, April 26, at the Sawgrass Marriott Hotel in Jacksonville, Fla.

“We are proud to honor both Cosma and Decoma as Supplier of the Year winners in 2007,” said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. “These divisions received this honor for their outstanding performance and making a significant contribution to the manufacturing of our world-class vehicles.”

Tuesday, March 4, 2008: Aston Martin has today announced a partnership with automotive specialists Magna Steyr which will see the company’s four-door Aston Martin Rapide built at a dedicated facility in Graz in Austria.

2010 Aston Martin Rapide

The decision to outsource production of this incremental model has been taken because Aston Martin is currently enjoying unprecedented levels of success from an increasing number of markets around the world. Demand for its current models – the DB9, the V8 Vantage and the recently launched DBS - means that their award-winning headquarters at Gaydon, Warwickshire, is fast approaching full capacity of 8000 cars.

PUNE, INDIA, January 18, 2007 — Magna Steyr, an operating unit of Magna International Inc., is expanding its presence in India by opening a new engineering and research & development office in Pune. The new office currently accommodates 70 employees, and Magna Steyr plans to recruit approximately 200 additional automotive engineers in the next few months to enhance its global Engineering and Research & Development functions.

“The new office in India is a testament to Magna Steyr’s commitment to India and its importance in our global strategy,” said Mr. Guenther Apfalter, president of Magna Steyr. “Additionally, it creates an important base for engineering and research for both our global and local activities.”

Honored for Outstanding Performance in 2007

2008-01-17, DETROIT - Surrounded by an array of General Motors vehicles on the floor of the North American International Auto Show (NAIAS) including the 2008 Chevy Malibu, North American Car of the Year, GM recognized 12 suppliers for their contributions and performance in 2007.

The suppliers were Alpine Electronics, Inc.; Autoliv Inc.; Barton Malow Company; Burke E. Porter Machinery Company; Eaton Corporation; Höegh Autoliners AS; Jack Cooper Transport Co. Inc.; Magna Car Top Systems GmbH; Methode Electronics, Inc.; Seyen Alloy Wheel N.A., and Wellington Industries. Chemico Systems, Inc. received an Environmental Excellence Award.

AURORA, ON, Jan. 16, 2008 /PRNewswire - FirstCall/ -- Magna International Inc. (TSX: MG.A; NYSE: MGA) announced today its financial outlook for 2008 (All amounts are in U.S. dollars).

For the full year 2008, we expect consolidated sales to be between $24.9 billion and $26.2 billion, based on full year 2008 light vehicle production volumes of approximately 14.4 million units in North America and approximately 15.6 million units in Europe. Full year 2008 average dollar content per vehicle is expected to be between $855 and $885 in North America and between $440 and $465 in Europe. We expect full year 2008 complete vehicle assembly sales to be between $3.6 billion and $3.9 billion.

AURORA, ON, Dec. 7, 2007 /PRNewswire - FirstCall/ -- Magna International Inc. (TSX: MG.A, NYSE: MGA) confirmed that, as announced by BMW Group earlier this week, its Magna Steyr unit will be responsible for serial development and production of the MINI Sports Activity Vehicle (SAV). At current exchange rates, Magna expects its annualized sales associated with the program to be in excess of US $1 billion, once the program reaches full production. The MINI SAV will be the second new vehicle program produced by Magna Steyr for BMW Group. Magna Steyr has been the sole production source of the BMW X3 since the launch of the vehicle in 2003, and expects to continue to produce the BMW X3 until the end of the current vehicle program.

AURORA, ON, Dec. 7, 2007 /PRNewswire - FirstCall/ - Magna International Inc. (TSX: MG.A, NYSE: MGA) today announced that its President, Mark Hogan, has decided to leave Magna effective December 31, 2007, to pursue other opportunities.

Mr. Frank Stronach, Magna's Chairman, together with Magna's co-Chief Executive Officers Don Walker and Siegfried Wolf, jointly stated: "We thank Mark for his contributions to Magna over the past three years, particularly in building Magna's presence in the Asia Pacific region and in strengthening our relationships with the Asian-based OEMs, and we wish him well in the future."

TORONTO, Nov. 8 /CNW/ -- Two hundred and fifty Magna workers at Windsor Modules voted overwhelmingly in favour of their first collective agreement negotiated by the CAW, voting in favour of joining the union under the Framework of Fairness on November 7, 2007. According to CAW President Buzz Hargrove, this group will be the first of many to join the union.

Below are some of the highlights of the new agreement, released today.

Wage Increases

- Immediate $3 an hour raise for all production members plus a wage increase of 50 cents at six months of service and an additional 50 cents at 1 year of service.
- Skilled Trades will receive a wage increase of 50 cents at six months of service and an additional 50 cents at 1 year of service

Wage Adjustments

WINDSOR, ON, Nov. 7 /CNW/ - The more than 250 workers at Windsor Modules, a division of Magna, have voted overwhelmingly in favour of a first collective agreement negotiated by the Canadian Auto Workers union and to join the union under the Framework of Fairness agreement (FFA).

CAW President Buzz Hargrove congratulated the workers on their first union agreement. "I'd like to welcome this group of workers to the CAW, the first of many Magna workers whom I believe will vote to join our union."

AURORA, ON, Nov. 8 /PRNewswire - FirstCall/ -- Magna International Inc. (TSX: MG.A, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, we may purchase for cancellation and/or for purposes of our long-term retention (restricted stock) and restricted stock unit programs, up to 9,000,000 Magna Class A Subordinate Voting Shares (the "Bid"), representing 9.9% of our public float. As of November 6, 2007, we had 117,860,222 issued and outstanding Class A Subordinate Voting Shares, including a public float of 90,558,994 Class A Subordinate Voting Shares.

As previously disclosed, the purpose of the Bid is: