Magna Units Recognized by General Motors as 2007 Suppliers of the Year

AURORA, Ontario, May 5, 2008 -- Cosma International and Decoma International, two operating units of Magna International Inc., have received the General Motors 2007 Supplier of the Year award for their significant contributions to GM's global product and performance achievements. The 16th annual awards -- themed the "Best of the Best" -- were given during ceremonies Saturday, April 26, at the Sawgrass Marriott Hotel in Jacksonville, Fla.

"We are proud to honor both Cosma and Decoma as Supplier of the Year winners in 2007," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "These divisions received this honor for their outstanding performance and making a significant contribution to the manufacturing of our world-class vehicles."

"General Motors is a valued customer and we are honored to receive the recognition this award represents," said Horst Prelog, president of Cosma International. "The dedication and collective focus of the Cosma team continues to strengthen the partnerships we have with our global customers."

"This award is a great testament to our talented employees and their continued dedication toward delivering world-class products and service to our customers," said Tom Skudutis, president of Decoma International. "We are grateful for GM's recognition and we look forward to a future of continued success."

The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 92 suppliers for their outstanding performance throughout 2007.

About Magna International

Magna is the most diversified global automotive supplier. Magna designs, develops and manufactures technologically advanced automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks. Magna's capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body and chassis systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; as well as complete vehicle engineering and assembly.

Magna has approximately 84,000 employees in 241 manufacturing operations and 62 product development and engineering centers in 23 countries.