Cosma International honoured with Ford's 2004 World Excellence Awards

AURORA, ON, May 31, 2005 -- Cosma International, a wholly owned operating group of Magna International Inc., received five Ford Motor Company World Excellence Awards, honouring five Cosma divisions for superior performance in 2004. This is the second consecutive year that Cosma has been recognized by Ford by these awards.

The Ford World Excellence Awards are presented annually and are designed to reward outstanding suppliers globally based upon quality, cost and delivery performance. Two Cosma divisions won a gold award and three Cosma divisions won a silver award. The five Cosma facilities that received awards all supply metal stampings and welded assemblies. In total, Ford presented awards in various categories to 52 suppliers from 21 countries.

"For achieving the highest level of performance, we gratefully recognize Cosma International for its exceptional contributions and efforts," said Tony Brown, Ford senior vice president, Global Purchasing.

Horst Prelog, President of Cosma International, commented: "We value our relationship with Ford Motor Company and are honoured to receive awards for the second consecutive year. Cosma is focused on providing innovative solutions in the areas of technology, quality and cost, so it is truly gratifying to be commended for these efforts by this valued customer. This recognition reinforces our commitment to continually provide quality products at competitive prices to our customers worldwide."

Cosma International 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 innovative processes including hydroforming, stamping, and rollforming. Cosma has 36 manufacturing operations and 10 product development and engineering 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, Asia and South America. Magna's products include: automotive seating and interior components, systems and modules through Intier Automotive; closure components, systems and modules through Magna Closures; 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 and lighting components through Decoma International; various powertrain and drivetrain components through Magna Powertrain; and complete vehicle engineering and assembly through Magna Steyr.

Magna has over 82,000 employees in 223 manufacturing operations and 56 product development and engineering centres in 22 countries.