Cosma International honoured with Ford's 2003 World Excellence Award

(TSX: MG.A. MG.B; NYSE: MGA)

AURORA, ON, May 26 -- Cosma International ("Cosma"), a wholly owned operating group of Magna International Inc., recently received Ford Motor Company's Gold World Excellence Award for its superior performance in 2003.

The World Excellence Awards provide annual recognition based on quality, cost and delivery performance. Forty-two suppliers from 16 countries won awards in various categories. Twelve suppliers won the Gold Award.

"Congratulations to Cosma International. Our World Excellence Award winning suppliers play an essential role in helping us deliver quality products to our customers," said Tony Brown, Ford Vice President, Global Purchasing.

Horst Prelog, Cosma's President, commented "Cosma continues to be recognized as an industry leader by our valued customers. We are honoured to receive this recognition from Ford Motor Company. The performance that we have achieved this past year is a result of the dedication and hard work of our employees, as well as our commitment to continuous improvement in all areas."

Cosma manufactures a comprehensive range of metal body systems, components, assemblies and modules, including complete vehicle frames, chassis systems, and body-in-white systems, using a variety of processes, including hydroforming, stamping, and rollforming. Cosma has 37 manufacturing operations and 11 engineering and testing centres worldwide.

Magna, the most diversified automotive supplier in the world, designs, develops and manufactures automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Mexico, South America and Asia. Magna's products include: automotive interior and closure components, systems and modules through Intier Automotive Inc.; metal body systems, components, assemblies and modules through Cosma International; exterior and interior mirror and engineered glass systems through Magna Donnelly; fascias, front and rear end modules, plastic body panels, exterior trim components and systems, greenhouse and sealing systems, roof modules and lighting components through Decoma International Inc.; various engine, transmission and fueling systems and components through Tesma International Inc.; a variety of drivetrain components through Magna Drivetrain; and complete vehicle engineering and assembly through Magna Steyr.

Magna has approximately 75,000 employees in 210 manufacturing operations and 49 product development and engineering centres in 22 countries.