Magna Celebrates Grand Opening of Exteriors Facility in Michigan

AURORA, ON, Oct. 28, 2014 /CNW/ - Magna International Inc. announced today the grand opening of DexSys, a new greenfield facility in Delta Township, Michigan, for the manufacture of automotive exterior products. Company officials were joined by Michigan Governor Rick Snyder, United States Senator Debbie Stabenow, members of local government, and executives from General Motors to celebrate the occasion.

(Photo: http://photos.prnewswire.com/prnh/20141028/154922)

The 290,000-square-foot, state-of-the-art injection molding and robotic paint line facility will employ approximately 340 people at full production. The facility will produce front and rear fascias for several vehicles within the General Motors line-up, including the Cadillac ATS, GMC Acadia and Buick Enclave.

"On behalf of Magna, I want to thank Delta Township and the state of Michigan for their ongoing support and collaboration on this project," said Magna Exteriors President Grahame Burrow. "They have helped make it possible for us to come here and establish this world-class operation, and we are excited for the opportunity to support our customer General Motors from this new facility."

With the addition of DexSys, Magna now has 28 manufacturing operations and more than 10,000 employees in the state of Michigan.

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.

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.

Contact:
Tracy Fuerst
Director, Corporate Communications &
Media Relations
[phone]
[email protected]