Magna : News Release - Magna Recognized with PSA Best Plant Award

The PSA Best Plant Award recognizes suppliers which show excellence in meeting the requirements of the PSA Group's quality standards. The award is based on achieving a number of criteria including delivered quality, on-time delivery, logistics capability and customer service including technical and engineering support as well as problem resolution.

'We are honored to accept this award from the PSA Group,' said Grahame Burrow, President of Magna Exteriors. 'Congratulations and special appreciation to all the team members at our Liberec facility who continue to create industry-leading products and manufacturing solutions that exceed our customers' expectations.'

With approximately 1,200 employees, the Bohemia plant in Liberec manufactures a wide range of exterior components including bumpers, rocker and instrument panels, armrests, glove boxes, center consoles and tailgates for BMW and Volkswagen.

About Magna
We are a leading global automotive supplier with 306 manufacturing operations and 92 product development, engineering and sales centres in 29 countries. We have over 147,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. These figures include manufacturing operations, product development, engineering and sales centres and employees in equity accounted operations. 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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