• Demonstrates Magna's vehicle electrification expertise • Builds on a strategic partnership that has been in place for more than 15 years • Adds second electrified vehicle program to line-up in Graz

SAILAUF, Germany, June 19, 2017 - BMW´s new 530e plug-in hybrid will be produced at Magna's contract manufacturing plant in Graz, Austria, starting in early 2018. As a contract manufacturing partner for two premium electrified vehicles - the BMW 530e and the previously awarded Jaguar I-PACE - Magna's Graz facility is demonstrating its value proposition to its customers.

This vehicle program further demonstrates the trust BMW places in Magna's expertise in contract manufacturing and electrified products. Production of the new BMW 5 Series marks the successful continuation of the strategic partnership between the BMW Group and Magna that started over 15 years ago. The first BMW produced in Graz, an X3 SUV, rolled off the assembly line in Graz in 2003.

BMW 530e to be built at Magna's facility in Graz, Austria

'We are excited to be adding another electrified vehicle architecture to our line-up,' said Guenther Apfalter, President Magna Steyr. 'Vehicle electrification is a growing trend in the industry and, with our complete vehicle know-how, we are in a great position to help our customers meet the demands.'

Magna started the split production on the BMW 5 Series sedan in March of this year and will commence production of the Jaguar I-Pace, their first electric car, in the first quarter of 2018. This year the company celebrates a milestone of more than three million vehicles produced in total for various automakers over the life of the plant in Graz.

TAGS

Contract manufacturing, electrification, BMW 5 series, Jaguar I-PACE

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, (+1-905) 726-7035

MEDIA CONTACTS

Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, (+1-248) 631-5396

Rej Husetovic, Director Corporate Communications & Media Relations Europe
rej.husetovic@magna.com, (+49-6093) 9942 5056

ABOUT MAGNA

We are a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 159,000 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, active driver assistance, vision, closure and roof systems and have electronic and software capabilities across many of these areas. 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.

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Magna International Inc. published this content on 19 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 June 2017 16:06:07 UTC.

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