Greg Deveson to join Magna Powertrain as President North America

AURORA, ON, Canada and OBERWALTERSDORF, Austria, July 28, 2005 Magna International Inc. announced today that Mr. Greg Deveson will assume the position of President Magna Powertrain North America in September 2005.

"I am very pleased to have Mr. Deveson join Magna Powertrain. I have known Mr. Deveson for a long time, particularly from our previous cooperation in the Saab 9(3) program at Magna Steyr, as well as from the Fiat - GM Powertrain Joint Venture. He brings vast experience in the powertrain business, especially in the area of operations, to our management team," stated Dr. Herbert Demel, President Magna Powertrain.

Magna Powertrain, an operating group of Magna, is a premier supplier of drivetrain components and systems, and transmission and engine technologies.

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