Produces 200 million mirror glass actuators

VIENNA, Austria, March 29, 2016 - Magna International Inc. announces that its division in Weiz, Austria, is celebrating a significant milestone: the production of 200 million 'MR4' mirror glass actuators, one of several glass actuator variants produced at the plant.

'We are very proud to achieve this milestone after developing and manufacturing innovative mirror glass actuators for more than 17 years,' said Michael Faustmann, Director Sales Actuators. 'It's a great success based on the high commitment of our entire team and it also demonstrates the trust that our customers put in our company.'

Magna's Weiz facility started producing the MR4 mirror glass actuator in 1999, and in that first year the company manufactured approximately 250,000 of the components. Since then, production capacity has expanded to four automated production lines serving almost all OEMs worldwide, and the facility now has approximately 450 employees who produce nearly 18.5 million of the actuators every year.

A glass actuator is a key component housed in a vehicle's outside mirrors which allows a driver to move the mirror glass for optimal rear vision. Magna Mirrors is the global leader in outside mirrors and produces its mirror actuators in-house.

About Magna International
We are a leading global automotive supplier with 305 manufacturing operations and 93 product development, engineering and sales centres in 29 countries. We have over 139,000 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, 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.

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Magna International Inc. issued this content on 29 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 March 2016 13:21:26 UTC

Original Document: http://www.magna.com/media/press-releases-news/releases-news/2016/03/29/news-release---magna-achieves-production-milestone