Magna : News Release - Magna Connects with 2015 Consumer Electronics Show

Auto supplier challenges design & engineering students to help define the car of the future

AURORA, ON, Nov. 24, 2014 /PRNewswire/ - As collaboration between the automotive and consumer electronics industries continues to grow in importance, Magna International Inc. announced today that the company will participate in the 2015 International Consumer Electronics Show (CES) in Las Vegas, Nevada.

In advance of its participation in CES, Magna has challenged engineering and industrial design students throughout the United States to share their vision of the car of the future.

Magna's Student Innovation Challenge invites students to submit a Vine video showing what they think the car of 2020 through 2025 should do and complete an application on the Magna website, www.magna.com/InnovationChallenge. The videos will be evaluated by a panel of judges from Magna on criteria such as creativity, feasibility, and quality.

Twelve finalists will travel to Las Vegas as guests of Magna for the 2015 CES. Finalists will compete in a design challenge at Magna's booth as well as have a chance to network with industry leaders and experience one of the largest trade shows in the world. The judging panel will select six winners of the design challenge, each of whom will be offered the choice of a scholarship or an internship opportunity at Magna.

The challenge is open to engineering and industrial design students who are at least 21 years old and attend colleges and universities in the U.S. Vine submissions are due by November 30, 2014, and finalists will be contacted via email no later than December 15, 2014.

"The automobile is becoming far more than just a means of transportation.  As global megatrends over the next 25-plus years drive our innovation and development activities, Magna's outreach to universities, entrepreneurs and technical institutes will help us define how vehicles will become smarter, cleaner, safer and lighter," said Swamy Kotagiri, Magna's Chief Technology Officer. "Today's college students represent the future of the automotive industry and the future of great companies such as Magna, so it's important to engage students and give them opportunities to grow."

In addition to the Student Innovation Challenge, Magna will serve as the sponsor of Eureka Park, an area of CES dedicated solely to startups and the promotion of new ideas. Magna will also host demonstrations at its booth with Argus Cyber Security, a pioneer in protecting connected vehicles from malicious attacks. Argus will showcase its innovative Intrusion Prevention System (IPS), which prevents a vehicle's critical components from being hacked and generates alerts and reports for remote monitoring of a vehicle's cyber health.

About Magna International
We are a leading global automotive supplier with 312 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.