Magna Car Top Systems Expands Manufacturing Footprint and Capabilities in North America

AURORA, Ontario, Canada, Sept. 24 -- Magna Car Top Systems, an operating unit of Magna International Inc. and a global leader of open-air roof systems, announced it has recently completed the acquisition of certain manufacturing assets and equipment, including a leased facility located in Toluca, Mexico. The facility, now called Magna Car Top Systems de Mexico, S.A. de C.V., manufactures and assembles convertible tops for several General Motors vehicles including the Pontiac Solstice, Saturn Sky and Opel GT.

"The facility expands our manufacturing footprint in North America and the new operation enhances our current capabilities," commented Klaus Striegel, president, Magna Car Top Systems. "The addition of this Mexico facility is part of Magna Car Top Systems' strategic expansion to be close to key customer assembly facilities in the region."

The 276,000-square-foot facility, located just 40 miles west of Mexico City, employs 309 people and its current capabilities include stamping, machining, coating, cut & sew, welding and convertible top final assembly.

About Magna Car Top Systems

Magna Car Top Systems is a global leader in the open-air roof system market and designs, develops and manufactures vehicle roof systems including retractable hardtops, softtops, panoramic roof modules, and removable hardtops for OEM's world-wide from the concept stage through to serial production.

About Magna International

Magna is the most diversified automotive supplier in the world. Magna 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, South America and Africa. Magna's 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.

Magna has approximately 83,000 employees in 236 manufacturing operations and 63 product development and engineering centers in 23 countries.