Magna Named One of the Best Places to Work in Canada

• Magna receives Glassdoor Employees' Choice Award  
• Recognition based on employee reviews, opinions and ratings
• Reflects commitment to being employer of choice

AURORA, ON, Dec. 7, 2016 /CNW/ - Magna International Inc. announced today it was named among the winners of the Glassdoor Employees' Choice Award, recognizing the Best Places to Work in 2017 in Canada. The Employees' Choice Awards program relies solely on the input of employees, who elect to provide feedback on their jobs, work environments and companies via Glassdoor, a global employer review website.

"We are honored to be ranked as one of the best places to work," said Don Walker, Chief Executive Officer. "We are committed to being an employer of choice and providing a culture that fosters professional growth and equal opportunity to our employees."

Glassdoor evaluated the reviews based on three criteria: quality, quantity and consistency. Magna's overall rating and CEO approval rating were also factored into the methodology.

The Best Places to Work are determined using company reviews shared by Canada-based employees between November 2, 2015, and October 30, 2016.

TAGS
Glassdoor, award, best places to work, top employer, employee recognition, employer of choice

ABOUT MAGNA
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.

SOURCE Magna International of America Inc.

INVESTOR CONTACT: Louis Tonelli, Vice-President, Investor Relations, [email protected], 905.726.7035; MEDIA CONTACT: Tracy Fuerst, Global Director of Corporate Communications & PR, [email protected], 248.631.5396