Magna's Cosma International Unit Honored by General Motors as a 2006 Supplier of the Year

TROY, Mich., April 9 -- Cosma International, an operating unit of Magna International, has won the General Motors 2006 Supplier of the Year award for its overall business performance in providing GM with world- class parts and services. The 15th annual award - themed the "Best of the Best" - was presented during ceremonies Saturday, March 31, 2007, at the JW Marriott Orlando Grande Lakes in Orlando, Florida.

"We are proud to honor Cosma as one of the 'Best of the Best' GM suppliers in 2006," said Bo Andersson, GM group vice president, Global Purchasing and Supply Chain. "Cosma achieved the award based on outstanding performance in 2006. We appreciate their energy, hard work and dedication to the success of GM."

"This award honors all the people at Cosma and the commitment they make every day," said Horst Prelog, president of Cosma International. "General Motors has been a valued customer for many years. We have a strong history together, and we work hard to anticipate and respond to their needs. We're proud of our service to General Motors, and we look forward to a future of continued excellence."

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 89 suppliers for their outstanding performance throughout 2006.

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 innovative processes including hydroforming, stamping, and rollforming.

We are the most diversified automotive supplier in the world. We design, develop and manufacture automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa. Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body and structural systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; as well as complete vehicle engineering and assembly.

We have approximately 83,000 employees in 229 manufacturing operations and 62 product development and engineering centres in 23 countries.